Superbly Presented Free Of Tie Village Local For Sale

Business description

SUPERBLY PRESENTED FREE OF TIE VILLAGE LOCAL AT THE HEART OF POPULAR EAST YORKSHIRE VILLAGE OF BURTON PIDSEA




Prominent attractive premises at centre of popular village 4 miles from coast.
Large main bar with beamed ceiling, newly carpeted, seating 32.
Lounge bar area seating 20.
2 pool tables (supported by 4 pool teams).
Spacious 2 bedroomed owner’s accommodation with patio/sun terrace.
Small catering kitchen with full air extraction.
Turnover circa £120,000 (inc.). 100% wet sales from limited opening hours.
Free of tie 5 years rolling lease with 3 years remaining at reasonable rent of £18,000 p.a.


A SUPERB BUSINESS OPPORTUNITY FOR ENTHUSIASTIC OWNERS TO EXPLOIT THE POTENTIAL, INTRODUCE CATERING AND INCREASE TURNOVER.


ASKING PRICE £28,500 FREE OF TIE LEASEHOLD TO INCLUDE FIXTURES, FITTINGS AND GOODWILL EXCLUDING S.A.V.


THE LOCATION
Situated at the centre of the charming East Yorkshire village of Burton Pidsea 12 miles from Hull and 7 miles from the coastal town of Withernsea, with the coast just 4 miles away. Set amid rolling countryside the village is perfectly sited for persons travelling from Hull to the coast. The inn is a well supported 'local' supporting village cricket, pool and darts teams and is at the 'heart' of the village. The village itself is large enough to support a primary school, post office and garage/mini market.

THE PROPERTY

This 2 bedroomed property is in excellent order having been recently redecorated.



Large Main Bar with fully equipped Bar Servery, with beamed ceilings, fixed perimeter seating and seating 32 persons.

Lounge Bar Area with fixed and loose seating for 20 persons and a pool table.

Large Main Bar with fully equipped Bar Servery . Separate Pool Room with seating for 10. There is a small Entrance Conservatory with 2 tables seating 8 persons.

There is a Small Catering Kitchen (no equipment tested) currently unused but with a full air extraction system. There is a separate Office, Ground Floor Beer Cellar and Storeroom.



Ladies and Gents WC's.

OWNERS ACCOMMODATION

Situated on the first floor and comprising 2 double bedrooms, lounge/dining room, kitchen, bathroom, patio/sun terrace.

EXTERNAL

Small patio area with 2 tables seating 8. Car park for 18 vehicles.

TRADING AND LICENSING

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

Mon - Thurs 10am - 12mn

Fri and Sat 10am - 1am

Sunday 12nn - 12mn

The current opening hours are:

Mon - Fri 6pm - 12mn

Sat and Sun 12nn - 12mn

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 of a County Estates 5 yr rolling lease with 3 yrs remaining at a rent of £18,000. The lease is free of tie with business rates payable being £3,500 p.a. We are advised that at the end of the term, the lease should be renewable with no further premium - subject to the provisions of the Landlord and Tenant Act 1954. The premises benefit from mains electric, gas, water and sewerage.

THE BUSINESS

Our clients acquired the business 2 years ago and are selling because they have other business interests in the village. They have purposely traded on limited openings and admit to the business not operating to its true worth, hence turnover circa £120,000 (incl.) trade split 100% wet.

There is obvious potential for new and enthusiastic owners to introduce food, extend the opening hours and dramatically increase trade and profits.

This business has been priced to sell and will attract interest.

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

Property information

Property:

Leasehold

Contact the seller