Superb Public House & Restaurant In Swanage For Sale

Business description

SUPERB PUBLIC HOUSE & RESTAURANT - DORSET
Owners' accommodation and 2 en-suite letting rooms
Early interest and viewing is highly recommended
Situated in a historic Dorset seaside town
Tied on beers only to Enterprise Inns
Advised annual turnover of £370,000
Ideal lifestyle change opportunity
Superbly presented throughout
Scope for further development
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this well appointed public house and restaurant which has been in the careful hands of our clients since 2009. Our client is reluctantly offering the business to the market due to a need to relocate nearer to their family. Since our clients took ownership of the business they have invested time and money in the business and premises to the point that it is in a full walk-in condition. Our clients inform us that annual turnover currently runs at £370,000 with a gross profit of £80,000 which is derived from the sale of wines, beers and spirits along with an exceptional menu concentrating on fresh local produce. They have recently again been awarded the Cask Marque for their excellence in the supply of 4 real ales. Other awards include Swanage in Bloom winners and the prestigious Purbeck food hygiene award. There are 2 good sized rooms that have been let as bed and breakfast before and could easily again as they are separate from the owners' accommodation. Our client is very generously including all fixtures and fittings in the sale price which is a huge plus as additional funds will not need to be spent for the foreseeable future. The restaurant enjoys excellent levels of repeat business and also sees many new customers from good word of mouth recommendations and from the excellent location. This is without question a beautifully presented property which is situated in one of the UK's most desirable coastal towns.

Property information

Property:

Leasehold

Lease terms:

Leasehold - Original length: 20 years
Remaining: 5 months, Rent: £29,000pa
Currently negotiating a new 20 year lease

Living accommodation:

Well presented and maintained building which has been a public house since the 1970's, situated over 2 main floors, briefly comprising: GROUND FLOOR - Main entrance leads to the bar area which is used by the regular clientele with bar stools and high tables, the bar continues around to a lounge bar with an open fire giving a relaxed, friendly feel. Games room with darts, pool and juke box. Large restaurant area seating at least 40 in the light and open extension area with disabled access and views over the extensive beer garden. The kitchen area can be accessed from behind the bar and has benefited from a conscientious chef that has ensured immaculate cleanliness and has all usual appliances to run a full catering kitchen. FIRST FLOOR - Landing leading to 2 rooms fully fitted for bed and breakfast with en-suite bathrooms. (Part glazed partition separating the owners' accommodation from the letting area). Master bedroom with amazing views across the coast, the second bedroom is currently used as on office and houses full digital CCTV. The lounge benefits from dual aspect windows and an open fire and the dining room continues into a fully fitted kitchen. Small flight of stairs up to a large self contained bedroom or down to the bathroom. All rooms can be accessed from the outside of the pub to allow them to be used as letting rooms if required. EXTERNAL - Large beer garden currently with 12+ tables, there is a large lawned area and a wooden children's play frame to the back. There has been a feature "bottle" wall built adjacent to the building which attracts customers, there is also a private concreted yard and outhouse for storage plus private parking for 2 cars.

Location:

This exceptional freehold public house is situated in the beautiful coastal town of Swanage which is part of the area known as the Jurassic coast. It is just a stones throw from the beach with a prominent position overlooking the town on a main route into the town centre. The business benefits from having one of the towns large car parks to the rear meaning that visitors have to pass the property to and from the town centre. Nearby are the well known areas of Ballard Down, Old Harry Rocks with Studland Bay and Poole Harbour to the north and with Durlston Bay and Durlston Country Park to the south. The town was originally a small port and fishing village flourished in the Victorian era which then became a significant quarrying port and later a seaside resort for the rich of the day. Today the town remains a popular tourist resort, this being the town's primary industry with thousands of visitors coming to the town during the peak summer season, drawn by the bay's sandy beaches and other attractions. The area attracts visitors throughout the year due to it's natural beauty and it's proximity to the historic Corfe Castle.