Thriving Public House In Salisbury Wiltshire For Sale

Business description

Preferred Commercial is delighted to offer for sale this thriving public house, which was established in 1850 and which has been in our clients' careful hands since 1999. The business trades 7 days a week and generates a turnover in the region of £435,000 per annum with a gross profit of 56%. The Old Ale House offers an extensive range of real ales, fine wines and spirits, along with traditional pub food at lunch time. We feel the turnover could be further increased by offering food in the evenings and Sundays. There is also scope to introduce a website advertising the business and services provided. The pub is well-supported by the local community and hosts regular entertainment nights such as, quiz nights and live music. Our clients have gained an enviable reputation and enjoy much repeat trade. The premises are well-equipped to suit the trade and boast a large bar area with space for up to 200 persons. There are 2 flats to the first floor, 1 x 1-bedroom flat and 1 x 3-bedroom flat, which could be used as owners' accommodation or be let out to generate additional income. This is an ideal opportunity to acquire an already busy public house and restaurant with an excellent reputation and huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 25 years
Remaining: 18 years
Review: every 5 years
Rent: £55,000 per annum

Leasehold rent:

£55,000 per annum

Location:

The Old Ale House occupies substantial 2-storey 19th century premises, ideally located in a prominent trading position on a busy street on the outskirts of Salisbury city centre, Wiltshire. The business enjoys ample parking in the vicinity and is surrounded by a wealth of complementary shops and businesses. The area is well-served by public transport with numerous bus stops and a railway station within easy walking distance. There is also a large residential area close by, ensuring a high footfall and much passing trade. Salisbury is a historic market city popular with tourists, due to its medieval architecture and its location near Stonehenge. The city is easily accessed via the A-road network and the M27 motorway and is also a highly desirable place in which to live and work. Amesbury lies 7 miles to the north, while the city of Southampton lies approximately 20 miles away.

Premises details:

Substantial 2-storey 19th century public house premises with 2 flats. Briefly comprising:

Ground Floor
• Large bar area with a mixture of fitted and loose furniture, wooden bar servery, optics display, glass storage area, sink unit, 3 x bottle chillers, glass washer, 2 x electronic cash register, stereo, dumb waiter, 4 x TVs and games machine

First Floor
• Commercial kitchen with 6-burner gas hob and oven, grill, griddle, refrigerator, freezer, deep fat fryer and 2 x microwave ovens
• 1-bedroom flat with lounge, kitchen and bathroom
• 3-bedroom flat with double bedroom and 2 x single bedrooms, lounge, kitchen and bathroom
• Ladies and gents WC with wash hand basins

External
• Large covered area to the rear, which can accommodate up to 100 persons

Business Operation

Trading hours:

Mon - Sat: 11:00am to 11:00pm
Sun: 11:00am to 10:30pm