Highly Sought After Community Inn For Sale

Business description

A HIGHLY SOUGHT AFTER COMMUNITY INN SITUATED IN THE BUSY SEASIDE HOLIDAY RESORT OF GORLESTON ON SEA, NORFOLK




A prominent and substantial community inn situated in the sought after coastal location of Gorleston on Sea.
Atmospheric Public Bar (45), Inviting Lounge Bar (30), Pool Room (10+).
Impressive 3 bedroom owner's accommodation.
Current sales circa £104,000 (incl. VAT).
Currently run under management.
100% wet. Undoubted potential for introducing food.
Long Lease - 13 and a half years remaining on renewable Admiral Taverns lease.
Solid foundation with massive potential to increase the sales and profits for entrepreneurial hands-on owner operators.


A SUPERB FIRST TIME BUYERS OPPORTUNITY TO PURCHASE A WELL ESTABLISHED BUSINESS AND HOME OFFERING IMMENSE POTENTIAL WITH A WONDERFUL QUALITY OF LIFE IN THIS SEASIDE LOCALE.


ASKING PRICE £29,500 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This highly desirable community inn resides in the stunning and unspoilt county of Norfolk in the heart of the coastal town of Gorleston on Sea and can be easily reached from the A12 from Great Yarmouth.

Norfolk has a variety of attractions including many canal side walks and historic sites. Gorleston on Sea is one of the most popular seaside holiday resorts on the Norfolk Coast.

This charming and characterful inn is well used and has an excellent level of repeat trade. Situated in this highly sought after seaside location and is well serviced by local schools, shops and amenities. Being a popular venue for local and commercial trade and also experiencing excellent levels of repeat trade from visitors coming from afar to this ever popular seaside resort.

THE PROPERTY

This superb community inn is a substantial 2-storey detached property of brick construction under a pitched, tiled roof. Main entrance at the front leading into the lobby with access into the Lounge Bar and Public Bar.



Lounge Bar (30) is an inviting and relaxing room having a return bar servery counter which is complimented by the fixed upholstered perimeter seating with loose polished tables, upholstered chairs and upholstered stools. There is also a pool table with lighting over, an AWP, a games machine and a TV. Access through to the Pool Room and W.C's.

Public Bar (45) being of a good size is a bright and airy atmospheric room having a return bar servery with a mirrored back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the upholstered perimeter seating with loose polished tables, upholstered chairs and upholstered stools. There is a darts throw, TV and a juke box. Access to the Designated Smoking Area.

Pool Room (10+) is a bright and airy room having a pool table, upholstered chairs and upholstered stools.

Ground Floor Cellar with delivery access, pumps, pythons x2 and cooler.



Ladies and Gents W.C's.

Catering facilities include a domestic Kitchen with units and preparation surfaces (appliances not tested).

OWNER'S ACCOMMODATION

Situated on the first floor and briefly comprises: 3 good sized bedrooms, good sized lounge, bathroom and separate W.C.

EXTERNAL

Patron’s car parking facilities for circa 20 cars. There is a lawned Beer Garden with timber benches/seating. Designated Smoking Area. Private enclosed courtyard with storage unit.

TRADING AND LICENSING

We are advised that the inn trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Monday - Sunday - 11.00am - 11.30pm

The current trading hours are as follows:

Monday - Saturday - 11.00am - 11.30p

Sunday - Midday - 8.30pm

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. Guy Simmonds hold this 1 Day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested). The business is offered for sale as a lease assignment with approximately 13 and a half years remaining of the original Admiral Taverns full repairing and insuring, renewable agreement. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord and Tenant Act 1954. We understand the lease is partially tied to draught beers, bottled beers and alcopops only. Business rates payable are to be advised. Rent is currently ONLY £17,500 per annum reviewed in October 2011.

THE BUSINESS

This delightful inn is currently run under management by a full time live-in manageress with the assistance of 1 part time member of staff. Our vendor client due to other business commitments has decided to sell this superb community inn.

This popular and well established inn is a successful business and already having a solid trading foundation still offers a new enthusiastic entrepreneurial 'hands-on' partnership considerable potential to increase the sales by simply introducing food; taking it to the next level. Current sales are circa £104,000 (incl. VAT). Trade is derived from 100% wet sales.

In our opinion there is excellent potential to increase the turnover and would expect a new fully focussed partnership to easily achieve a turnover in excess of £150,000 (incl. VAT).

Accounting information will be made available to interested parties after viewing.

The asking price reflects the location and quality of fixtures and fittings.

Property information

Property:

Leasehold