Popular And Thriving Merseyside Inn For Sale

Business description

POPULAR AND THRIVING MERSEYSIDE INN LOCATED IN THE AFFLUENT COASTAL RESORT OF SOUTHPORT WITH ITS AWARD WINNING BEACHES




Traditional inn in prime location in the highly sought after tourist town of Southport.
Cosy Lounge (45) with high ceilings, Games room.
Substantial 4/5 bedroom owners' accommodation.
Partially covered drinking area with patio and car park.
Turnover circa £250,000 (incl. VAT) year end Oct 2006.
100% Wet - scope for letting rooms (subject to consent).
8 years remaining on renewable lease.


AN EXCELLENT OPPORTUNITY TO ACQUIRE A THRIVING BUSINESS IN A TOURIST LOCATION WITHIN AN HISTORIC VICTORIAN TOWN.


ASKING PRICE £49,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This popular inn is situated in the Victorian town of Southport. Southport is a seaside town situated on the coastal plain at the northern end of the Sefton Metropolitan Borough. It lies between the city of Liverpool, to the south, and the city of Preston, to the north. To the east is Ormskirk, with the heart of Lancashire beyond. Southport is famous for its beautiful beaches, Britain's 2nd longest Pier, great attractions and superb shopping. It also has one of the best event programmes in the country including Southport Flower Show, Southport Airshow, Summer Classics, British Musical Fireworks Championships, The Southport International Jazz Festival and many more. The town is widely regarded 'England's Golfing Capital' with seven championship courses including Royal Birkdale, which hosts The Open in 2008. Add to this a vibrant and exciting night-life, the Victorian splendour of Lord Street with its' unique range of shops, some of the most scenic parks and gardens you're ever likely to visit and you'll appreciate why Southport is an excellent place to live and visit. The area attracts day-trippers, golfers, and holidaymakers, and is home to a wealthy population.

The inn is located close to the famous Lord Street, the promenade, central attractions, and the Southport Theatre and Floral Hall Conference complex. Southport's main railway station offers immediate connections to Liverpool, Manchester and Wigan.

THE PROPERTY

This traditional inn is a substantial 2-storey detached property of brick construction under a pitched tiled roof, occupying a prominent main road location. The building is full of character and has lead glass and stained windows. The open plan trading area is split into 2 areas.



The Lounge (circa 45 plus standing) has a warm and relaxing atmosphere with access to the central polished wood Bar Servery. The room is fully carpeted and is furnished with three TVs, games machine, juke box, darts throw, fixed upholstered perimeter seating, loose tables, chairs and stools.

The Games Room is a light and welcoming room featuring wooden flooring and a pool table.

Ladies and Gents W.C.'s.



There is a lower ground floor Cellar.

OWNERS' ACCOMMODATION

The owner's accommodation is situated on the 1st floor and 2nd floors and briefly comprises: 4 double bedrooms, single bedroom (currently used as storage), office, large lounge/dining room, fitted kitchen, bathroom and separate W.C. There is a separate entrance to the accommodation and we are advised that some of the rooms have previously been used as letting rooms.

EXTERNAL

To the front of the property is a large patio area that is partially covered with heaters and lighting.

There is parking to the front of the property for 4-5 cars and substantial on-road parking.

TRADING AND LICENSING

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

Mon - Wed 10.30am to 11pm

Thurs-Sat 10.30am to 12midnight

Sunday 12noon to 10.30pm

Current opening hours are:

Mon-Thurs 3pm to 11pm

Friday 3pm to 11.30pm

Saturday 12noon to 12 midnight

Sunday 12noon to 10.30pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. 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

The business is offered for sale as a lease assignment with approximately 8 years remaining of the Punch full repairing and insuring, renewable agreement. We are informed that the rent is currently circa £31,240 per annum. 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 are advised that the inn benefits from all mains services (no services seen or tested).

THE BUSINESS

The current owners purchased the business in 2005 and have established a solid trading foundation with a loyal and desirable 'wet' sales local clientele as well as attracting local workers and tourists. It is currently being run partially under management and the owners are selling the property due to other business commitments. The turnover is expected to be circa £250,000 including VAT for year ending October 2006. Whilst the business is currently thriving, we feel that there is clearly further scope for newer 'hands-on' aggressive operators to take this business further. We feel that by increasing the opening hours, embarking upon an intensive marketing advertising campaign and exploring the letting accommodation potential, then new operators should realistically be able to substantially increase the turnover and profits.

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

Property information

Property:

Leasehold