Leasehold Public House For Sale

Business description

Bag a Business Ltd takes great pleasure in offering for sale this
very attractive concern, which has been in our client's hands for the past 2 years and is now being placed on the market due to other business interest. During their stay our client has continually strived to develop and improve the business, which has resulted in a steady increase in turnover to its current level of approximately £3,300 per week. The main source of income is derived from wet sales, which account for about 95% of turnover and 5% food sales. The business is operated by the owner who employs 2 full-time and 2 part-time staff, which results in a wage bill of £500 per week. This is an ideal opportunity, we feel, for any purchaser looking for a town centre venue with plenty of
potential for development especially on the food side, or with change of use being an option. Viewing is highly recommended and internal inspection a must to fully appreciate the quality of this concern.

Property information

Property:

Leasehold

Lease terms:

Original: 15 years
Remaining:13 years.
Review: 3 years
Rent: £20,000 + £750 insurance

Living accommodation:

Large 3 storey property, recently part refurbished with spacious 3 bedroom family accommodation, briefly comprising: Ground Floor • Entrance into small seating area. • Lounge bar. • Kitchen area with servery. • Ladies and gents toilets. • Trap door leading to beer cellar First Floor • Lounge. • Kitchen. • Bathroom. • Shower room with W/C • Office. • WC. • Bedroom. Second Floor • 2 bedrooms. External • To the front is a al-fresco seating area for approximately 25 covers.

Location:

The White Swan Inn sits on the corner of the French Gate shopping precinct, close to many noteable retailers, which creates a busy pedestrian flow throughout the day. The building itself dates back over 200 years, and the precinct you see outside was once the great north road or the A1 carrying all the traffic from London to York and Edinburgh. After a period of closure and refurbishment, the pub reopend on the 25th July 2005 and has progressed continually since, offering fine ales, wines and spirits in addition to a varied menu.