Popular Public House And Restaurant In Swanage Dorset For Sale

Business description

Preferred Commercial is delighted to offer for sale this popular public house and restaurant, which was established in 1700 and which has been in our clients' careful hands since 2007. The pub is only now being offered to the market due to our clients' other business interests. The business trades 7 days a week and generates a turnover in the region of £190,000 per annum with a gross profit of 50%. The pub has a wet/dry split of 75/25 The Globe offers real ales, fine wines and spirits, as well as traditional pub food. We feel the turnover could be further increased by embarking on a modest marketing campaign and by extending the range of food available. There is also scope to extend the opening hours, as the pub has a licence to open till 2:00am. The pub is well-supported by the local community, and boasts an excellent reputation, enjoying much repeat trade. There is a website in place advertising the business and services provided. The premises have been fitted to a high standard and well-maintained throughout. There is also 3-bedroom owners' accommodation with lounge, kitchen and bathroom. This is an ideal opportunity to acquire an already busy public house in such a desirable location and with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 20 years
Review: every 3 years
Rent: £22,000 per annum

Leasehold rent:

£22,000 per annum

Location:

The Globe occupies substantial 2-storey premises, ideally located in a prominent trading position in the sought after town of Swanage, Dorset. The premises benefit from ample on-street parking and are surrounded by a mixture of residential and commercial properties. The business enjoys a high footfall and much passing trade. There is a range of complementary shops, businesses and amenities in the vicinity, including 2 schools and Swanage Country Park. Swanage is a popular seaside resort and enjoys high levels of tourism in the summer season with many day trippers and walkers in the winter. The town centre and the sea front are both less than a mile away and possess further amenities and attractions. Swanage is an affluent town popular with commuters due to excellent road links across the region. Poole lies approximately 10 miles away, while Bournemouth lies 11 miles to the north east.

Premises details:

18th century 2-storey public house premises with restaurant and 3-bedroom owners' accommodation. Briefly comprising:

Ground Floor
• Bar area with feature fireplace, a range of fixed and freestanding seating, tables and chairs for up to 30 diners, dartboard, overhead projector, 2 x TVs, pool table, wooden bar servery with 10 points of dispense, optics display, electronic cash register, glass washer, bottle chiller and sink unit
• Commercial kitchen with 4-burner gas hob and electric oven, 2 x microwave ovens, large commercial fryer, domestic fryer, fridge-freezer, ice machine, dishwasher, 2 x freezers and work surfaces
• Beer cellar
• Store room with chest freezer
• Ladies and gents WCs with wash hand basins
• Laundry room with washing machine and dryer

First Floor
• Kitchen
• 3 x double bedrooms
• Lounge with feature fireplace and dual aspect windows
• Bathroom

External
• Unisex WC with wash hand basin
• Storage building
• Second large storage building
• Owners' private garden area
• Garage
• Parking to rear for up to 14 vehicles
• Beer garden with picnic tables
• Gazebo/shelter for smokers and cocktail bar
• BBQ area

Business Operation

Trading hours:

Mon - Thur: 12:00pm to 3:00pm and 5:00pm to 12:00am
Fri - Sun: 12:00pm to 12.00am