Traditional Profitable and Well Presented Freehold Inn For Sale

Business description

Excellent location surrounded by private residential housing and within walking distance of the town.
Well presented Public Bar (circa 20) and Pool Area (circa 20).
Lovely Lounge Bar (circa 30) with bar servery, beams and carpeted flooring.
Rear patio/terrace area with seating for 25 with BBQ.
7 darts teams, 2 pool teams and 3 football teams.
Superb 3 bedroom living accommodation with lounge, bathroom and kitchen along with a decked roof terrace.
Turnover for y/e 05/08 is £205,896 (inc vat) on a 100% wet trade basis with the potential to introduce food.

THRIVING AND WELL ESTABLISHED WET LED BUSINESS WITH THE POTENTIAL TO INTRODUCE CATERING.

ASKING PRICE £335,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

THE PROPERTY

This traditional terraced inn is of brick construction, under a pitched, tiled roof, occupying a quaint position on Charlotte Street, Sittingbourne.

The Public Bar (circa 20) is a welcoming bar area with a prominent large bar servery, carpeted flooring, open fireplace, darts throw and beamed ceilings.

The Lounge Bar (circa 30) is a pleasant room to the rear of the property offering a bar servery area, carpeted flooring, beamed ceilings and jukebox.

The Pool Area (circa 20) is also to the rear of the property with doors to the patio garden. This area benefits from a pool table, darts throw and carpeted flooring.

The property is well known for its sports connections and is home to 7 darts teams, 2 pool teams and 3 football teams.

There is a Lower Ground Floor Cellar offering a python system and coolers.

Ladies and Gents W.C.’s.

There is a good sized Semi Commercial Catering Kitchen offering stainless steel appliances (not tested) and work surfaces.

GENERAL REMARKS

The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).
We are advised that the inn benefits from all mains services and is heated by gas central heating (no services seen or tested). Business rates are advised as currently being circa £2,200 per annum.

THE BUSINESS

The current owners purchased the property and business in June 2001 and have built up a strong trading foundation with a very good and reliable local custom.

The property is being offered in good condition with a well established trade although offers scope to introduce food and also extend the opening hours.

This business would be ideal for both newcomers or more experienced licensees.

The business is predominantly wet trade and would benefit from a fresh outlook on the catering.

Turnover for y/e 05/08 is £205,896 (inc vat) with a trade split of 100% wet trade.

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

Please click on the Contact Seller button below for any further information.

Property information

Property:

Freehold

Living accommodation:

OWNER’S ACCOMMODATION The owner’s accommodation is situated on the 1st floor and briefly comprises: 3 double bedrooms, lounge and bathroom along with a private decked roof terrace. The living accommodation is presented to a high standard. EXTERNAL To the rear of the building is a lovely terrace patio area offering seating for approximately 30 with a smoking solution to the side of the business. There is also a BBQ area that is well used during the summer months.

Location:

This well presented, profitable and well presented freehold inn is located on Charlotte Street, Sittingbourne, Kent.
Sittingbourne is a modern day market town about eight miles east of Gillingham, beside the Roman Watling Street off a creak in the Swale, a channel separating the Isle of Sheppey from mainland Kent.

The town is growing rapidly due to a number of large residential developments, and its train line links to Central London in around an hour from Sittingbourne Train Station.

The town centre is currently undergoing a complete redevelopment, with this business being a short walk from the works that are currently ongoing.

Sittingbourne has very strong history links with the sailing barge industry and this is still evident to this day.
The road links from Sittingbourne are excellent with a number of motorways being within a short drive away including the M2 and M25.

Other information

Trading hours:

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

7 days per week 11am – 1am

Current opening hours are:

Mon – Thurs 4pm – 12.30am

Fri - Sat Midday – 12.30am

Sun Midday - Midnight

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.