Pub With Live Music Venue In Kent For Sale

Business description

Preferred Commercial is delighted to offer to the market this grade II listed public house, which was established in the 1800s and has been in the careful hands of our client since 2003. The pub is only now being offered to the market due to our client's wish for a change of direction. The pub is a popular live music venue, with bands performing two nights a week. Currently the pub generates a turnover of approximately £6,000 per week with a high gross profit of 61% on wet sales only. The pub is tied to beer and cider only and further benefits from substantial 3 bedroom owners' accommodation. We feel this opportunity offers a new owner the scope to build upon an already thriving business by perhaps, offering food as there is a large well equipped commercial kitchen that is currently unused. We urge early viewing to fully appreciate the true potential of this business.

Property information

Location:

The Britannia is situated within the town centre of Margate in Kent. The pub is ideally located, overlooking the seafront, on Font Hill, which is one of the main roads through the town centre. The Britannia is located approximately 200 yards from the new Turner Art Gallery, which is due to open in 2011 and will substantially increase footfall to the business. Margate has been a popular seaside resort for over 250 years and draws tourists all year round.

Premises details:

Substantial detached public house premises overlooking the seafront. Briefly comprising:

Ground Floor
• Main bar area, open-plan
• Pool area with access to the beer garden
• Bottom bar, on a lower level, with pool table
• Ladies and gents toilets
• Kitchen, well fitted and equipped, currently unused

Lower Ground Floor
• Cellar fitted to suit trade
• 3 further storage areas
• Ice machine
• Beer drop

First Floor
Self contained owners' accommodation, briefly comprising:
• Large lounge
• Kitchen
• 3 double bedrooms
• Bathroom
• Office
• Large store cupboard

External
• Beer garden with smoking area
• Car parking for approximately 15 vehicles