Traditional Wet Led Bar Inn For Sale

Business description

TRADITIONAL WET LED BAR/INN LOCATED CLOSE TO THE CENTRE OF THE DESIRABLE TOWN OF DAWLEY, SHROPSHIRE




Fantastic location within a stones throw of the centre of Dawley, Shropshire.
Lounge Bar/Public Bar (circa 60) with a mix of carpet and wood floor, bar servery, feature fireplace and beamed ceilings.
3 bedroom living accommodation.
Easy to run, one bar operation
Patio/Terrace area along with a lawned beer garden.
This business has huge potential with an excellent location and many possibilities.
19 years remaining on renewable Marstons Inns Lease with current turnover £185,000 (Inc. VAT) with 100% wet trade and the rent at a favourable £16,500.


WONDERFUL OPPORTUNITY TO ACQUIRE THIS LEASEHOLD INN OFFERING HUGE SCOPE IN ALL AREAS.


ASKING PRICE £39,950 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This traditional bar/Inn is located on Kings St, Dawley, Shropshire.

Dawley is a small town in the borough of Telford and Wrekin and ceremonial county of Shropshire. Today, it forms part of the new town of Telford.

Dawley is however one of the oldest settlements in Shropshire being mentioned in the Doomsday Book.

Dawley has all the benefits of a town with good schooling, an array of local shops and good all round amenities.

The area around the town, not covered by Telford New Town, is rural and provides extensive opportunities for walking, with The Ironbridge Gorge and The Wrekin within easy reach.

THE PROPERTY

This substantial inn is an attractive and impressive 2-storey property of rendered brick construction under a pitched, tiled roof occupying a superb and prominent position.



The Lounge Bar/Public Bar (circa 60) is a large 'L' shaped room with a mix of wood and carpeted flooring, large bar servery, darts throw and TV. This bar is the home for darts teams, dominoes, bingo and crib. There is access to the rear to the garden and patio area.

Ladies and Gents W.C's.

Ground Floor Cellar accessed from the main corridor with pumps, racks, python system and coolers.



There is currently no Commercial Catering Kitchen, although both the landlordand current lessee have discussed the possibility of creating one.

OWNERS ACCOMMODATION

Situated on the first floor and briefly comprises: 2 double bedroom, 1 single bedrooms, lounge, kitchen, office and bathroom.

EXTERNAL

To the rear or the property is a patio/terrace area with seating for approx 30 offering a smoking solution along with a large lawned beer garden with further seating for 50.

There are various outbuildings for storage.

TRADING AND LICENSING

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:

Sun - Thurs 11am - 12.30am

Fri - Sat 11am - 1.30am

Current opening hours:

Mon - Sat 11am - Midnight

Sun 11am - 4pm; 7pm - 10.30pm

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 approximately 19 years remaining of the original Marstons Inns full repairing and insuring, renewable agreement. We are informed that the rent is currently a favourable £16,500 per annum. 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 provision of the Landlord and Tenant Act 1954. We are advised that the inn benefits from all mains connections and uses gas central heating (no services seen or tested). Business rates are advised as currently being £6,000 per annum.

THE BUSINESS

The current owners took over the business 2 years ago as a family concern in this traditional and well established business, but due to ill health have to offer the business for sale. The vendor client is offering this business as a profitable concern with considerable potential for further trade.

This offers an ideal opportunity for owner operators to continue with the excellent reputation that the current vendor client has achieved.

Current sales are circa £185,000 (Inc. VAT) with a 100% wet trade, yet offering possibilities to create a trade kitchen.

We calculate the reconstituted net profits (i.e. adding back managers' costs, finance costs, depreciation and other expenses) of circa £25,000.

The asking price reflects the location and the current trading foundation.

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

Property information

Property:

Leasehold

Contact the seller