Profitable Business With Solid Existing Trade In Centre Of Dewsbury For Sale

Business description

THRIVING AND PROFITABLE BUSINESS WITH SOLID EXISTING TRADE SITUATED IN CENTRE OF THE BUSTLING WEST YORKSHIRE TOWN OF DEWSBURY




Prominent position in town centre adjacent to bus station and close to market.
Benefits from passing (walking trade) all day.
Modern light and airy Bar (seating 70) plus generous standing area.
Four Bedroomed owner accommodation, plus Five Letting Bedrooms.
Partial tied lease - free of tie on Cider, Guinness, Wines, Spirits and Soft Drinks.
Turnover to July 2005 £390,379.65 (inc.) with Net Profits in excess of £80,000 - 75% wet, 25% letting accommodation.
Long Lease - 15 years remaining on renewable Enterprise Lease.


AN EXCELLENT OPPORTUNITY TO AQUIRE A WELL ESTABLISHED AND THRIVING TOWN CENTRE BUSINESS PRODUCING EXCELLENT PROFITS.


ASKING PRICE £90,000 LEASEHOLD TO INCLUDE FIXTURES, FITTINGS AND GOODWILL PLUS S.A.V.


THE LOCATION
Dewsbury is an historic market town situated between the much larger conurbations of Wakefield, Leeds, Bradford and Huddersfield. Historically famous for its textile trade it still retains many of its older buildings, although the town is now surrounded by out of town shopping and business parks. The premises themselves are located in the centre of the town on a main thoroughfare close to the Bus Station and Market Area. The main 'Taxi Rank' (24 hours) is also adjacent. Its position guarantee’s that it catches walking passing trade all day long.

THE PROPERTY

This large and airy property is constructed over three floors, occupying a superb prominent town centre position. The premises are in excellent order throughout, furnished and equipped to a high standard.



Upon entering the Main Bar which is served by a Central Bar Servery there is a large split level seating area for approximately 70 persons with fixed perimeter seating in addition to the tables and chairs. There are also large standing areas around the modern well equipped bar.

To the rear is a Bottom Bar area furnished with Pool Table and further seating for 20 persons. This whole trading area is clean, well furnished and designed to maximise the trading potential. There is a full Kitchen for the provision of hot food (no equipment tested).

Ladies and Gents W.C.'s.

There is a large basement area, incorporating a large well equipped Cellar, storage areas for drink and dry goods and a small but well equipped office.



There are three flat screen T.V.'s in the trading areas and a CCTV system relaying pictures to the office. A well equipped and functional property.

OWNERS ACCOMMODATION

Situated on the 2nd floor and comprising of Four Bedrooms, Lounge, Kitchen and Bathroom.

LETTING ACCOMMODATION

Located on the first floor with three Double and two Single Bedrooms, with shared Bathroom and Toilet Facilities.

EXTERNAL

There is a small rear enclosed area used for storage. Although there is no Car Park there is metered parking outside and public parking nearby.

TRADING AND LICENSING

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

Monday - Saturday 9am - 4am

Sunday 10am - 2am

The current opening hours are:

Monday - Wednesday 10am - 11pm

Thursday - Saturday 10am - 2am

Sunday - 10am - 11pm.

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 15 years remaining of the original 21 years Enterprise Lease. 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 provisions of the Landlord and Tenant Act 1954.

We are advised that the business benefits from full mains services (not tested).

Business rates are advised as currently being £5,908 per annum.

THE BUSINESS

The Vendors have occupied the premises for the past 20 years and during that time have worked hard to establish the solid and profitable business that is now for sale. They no longer live on the premises and feel that, because of the change in business expectations now is the right time to sell and let new and enthusiastic owners take over and reap the obvious financial rewards. Current sales are circa £390,000 (incl.) which includes circa £101,000 (incl.) received from accommodation. Reconstituted Net Profits (ie after adding back finance costs, depreciation, entertainment and other expenses) are circa £80,000. The Vendors have established an excellent reputation which new and enthusiastic owners should easily be able to emulate.

The asking price reflects the solid business foundation as well as the location and quality of the fixtures and fittings.

An excellent opportunity to purchase a quality, established and profitable business.

Accounts will be made available to interested parties after viewing.

Property information

Property:

Leasehold

Contact the seller