Public House With In The Busy North Lincs Town Of Grimsby For Sale

Business description

WELL APPOINTED TOWN CENTRE PUBLIC HOUSE WITH SOLID EXISTING TRADE IN THE BUSY NORTH LINCS TOWN OF GRIMSBY




Prominent position on edge of town centre close to main shopping areas and bus station.
Only Public House in town centre with car park.
Traditional Bar area (30) 2 Dining areas (50) with standing area.
Separate area with Pool Table.
Large spacious owners accommodation with 5 double bedrooms.
Current sales of £300,000 p.a. 65% wet 35% food.
Assignment of a 10 yr Enterprise lease with 9 yrs remaining.


AN EXCELLENT OPPORTUNITY TO ACQUIRE AN ESTABLISHED TOWN CENTRE BUSINESS.


ASKING PRICE £79,950 LEASEHOLD TO INCLUDE FIXTURES, FITTINGS AND GOODWILL PLUS S.A.V.


THE LOCATION
This large and spacious Public House is situated adjacent to the central shopping area of Grimsby. Once the largest fishing port in the world it is steeped in Maritime history with many connections still in operation. The Dock area is still bustling with many family businesses still in operation. Grimsby is host to 'Freshney Place' the largest indoor shopping centre in Lincolnshire. Next door to Grimsby is Cleethorpes with its fine beaches and tourist attractions. The position of the property ensures that it attracts an all day passing trade.

THE PROPERTY

This large and airy property built around 1940 is constructed over 2 floors and occupies a superb prominent town centre position.



The main entrance is approached via the Car Park with entry through the Conservatory which together with the adjoining Dining Area provide approximately 50 covers. These areas are extremely popular with the current shopping/dining trade.

There is then another area with Pool Table before reaching the Main Bar area. The Main Bar is served by a large Central Bar Servery and provides fixed perimeter and loose seating for 30 persons. The Bar is again traditionally furnished, fully carpeted with large standing areas around the Bar.

Ladies and Gents W.C.'s.

The rear of the Bar Servery is a Catering Kitchen fully equipped with all the necessary commercial equipment (non tested).



There is a large fully equipped and functioning Cellar.

OWNERS ACCOMMODATION

Large and airy providing 5 double bedrooms, lounge/dining room, kitchen and bathroom. There is a large private roof terrace.

EXTERNAL

Secure Car Park for 15 vehicles, leading onto a paved Patio area.

TRADING AND LICENSING

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

Sunday - Thursday 9.00am - midnight

Friday - Saturday 9.00am - 2.00am

The current opening hours are:

Sunday - Thursday 11.00am - 11.00pm

Friday - Saturday 11.00am - 2.00am

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 9 years remaining on an Enterprise 10 years 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 Landlord and Tenant Act 1954. The current rent is £30,000 per annum.

We are advised that the business benefits from all mains services (none tested). Business rates are advised as currently being £11,000 with an appeal pending.

THE BUSINESS

Although the vendor clients have only had the business 12 months they have worked hard to transform the business into the solid trading foundation it now is. The business is only offered for sale now due to the ill health of one of the partners, The turnover for the last 12 months is circa £300,000 (inc.) with trade split 65% wet and 35% food. Our clients have built the trade up with the help of a loyal customer base who because of the unique position (only town centre Public House with Car Park) will continue to use it. We feel that new and enthusiastic owners should easily be able to emulate and even build upon this existing trade.

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

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

Property information

Property:

Leasehold