Leasehold Public House For Sale

Business description

Bag a Business Ltd is delighted to offer for sale one of Cumbria's finest examples of a family run public house and restaurant. The spacious property offers a traditional bar and games room with a separate restaurant to the rear. Our clients took over the business in 2005 and during this time have achieved a thirty percent increase in sales. The business is offered with a 16 year lease, owned by Marstons, and a rent review every 5 years. Currently the business generates a weekly turnover in the region of £7,500 with a gross profit of 54%, which is derived from a 60/40, dry/wet split on sales. This is due primarily to the much loved, home cooked food, which attracts both locals and many tourists visiting the area. The pub is a particularly popular venue for village events, which include birthday parties, christenings and engagement parties. Bothel is a growing village and consequently trade will continue to increase. The business is currently being run at a pace to suit the busy lifestyle of our clients, who now wish to concentrate on other business interests, therefore offers new owners potential to extend the opening hours and further increase turnover. Early viewing of this thriving, community public house is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 20 years
Remaining length: 16 years
Review every: 5 years
Rent: £520 per week

Living accommodation:

Property Details Imposing, detached, traditional public house with 3 bedroom owners' living accommodation on the first floor, briefly comprising: Ground Floor • Open plan bar with perimeter seating and low level tables and stools • Designated games area with pool table, dartboard and gaming machine • Central solid wood bar with 15 points of dispense, optics and several glass fronted chillers Restaurant area with: • Solid pine tables and chairs set for 75 covers • Windows to two sides • Private function area Fully fitted commercial kitchen with: • Heated cabinets • Ovens • Grills • Fryers • Stainless steel preparation tables • Rear preparation/storage area with stainless steel fridge/freezer and washing facilities • Access to fully equipped cellar • Private access to owners' accommodation First Floor • Spacious lounge with feature fireplace • Kitchen/storage area • Large master bedroom • Bedroom/office • Guest bedroom • Modern bathroom External • Large car park - minimum 30 cars • Enclosed yard/delivery area

Location:

The Greyhound Inn occupies a commanding trading position at the entrance to the beautiful village of Bothel, in Wigton, Cumbria. The elevated corner position ensures excellent visiblility from the A595, which acts as the main link road from Workington in the South, to the hustle and bustle of Carlisle in the North. Bothel has become an increasingly popular place in which to live, as it is only 3 miles from the National Park area. The substantial premises boasts a large customer car park to the front and the rear. There is no other public house offering a home cooked menu for approximately 6 miles.

Other information

Trading hours:

7 days a week