Freehold Premises with Food & Alcohol Licence For Sale

Business description

This well located prime freehold premise is currently run as a well known and respected public house and has been in business since the early 1800’s. It is ideally located in the busy town centre of this well known seaside town, located in the County of Kent, the garden of England. It is in an area of the town close to the waterfront and other leading bars and restaurants and would be ideal as a restaurant or fast food outlet.

This freehold property is in excellent order throughout having been extensively refurbished recently, including all new boilers and showers, as well as re-wired throughout. It has a total of 6 double bedrooms, offering further opportunity to let some of the rooms on a B&B basis. There would be no problem letting rooms in this area as there is a general shortage of B&B’s in the area, particularly in the town centre.

In our opinion this represents a real opportunity for any potential investor or new enthusiastic owner operator to make good profits from this already well established business. The current owner purchased the business as a run down business in 2007 and has re-furbished and re-built the business since, but unfortunately his unexpected family commitments means he must reluctantly sell the business at this time.

Key Opportunities:

As the freehold has recently been re-furbished there is a huge opportunity to develop a food side and room letting potential of the business in line with the ever increasing tourist business and would produce an increase in business and turnover within the very near future.

Equipment:

The freehold is fully equipped and has been re-furbished. All fixtures and fittings are included in the price of the business.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Having purchased the business at the end of 2007 as being run down the current owner has re-furbished the premises and effectively re-built a new business in the existing premises and has already achieved a weekly sales figure of £2,000, wet only. As well as increasing this figure, there is also huge scope to grow the business on both the food side and the B&B side, both of which could produce similar weekly incomes to what is currently being achieved.

Property information

Property:

Freehold

Location:

Freehold site situated in the High Street of this busy seaside town. The current bar areas are located downstairs and offer the potential of being a restaurant or pub restaurant or fast food outlet. To the rear there is a large function hall and should the bars be converted to a restaurant this space would certainly lend itself to being converted to a commercial kitchen with storage area. There are a further two floors above with 6 double bedrooms and a large living room that has been converted into a beauty salon for the current owners use. The rear garden has recently been fully decked and there is also a massive pay and display car park at the rear of the premises, convenient for deliveries and customers.

Other information

Expansion potential:

The current market for tourism in this part of England as well as the country in general is seeing a large upsurge in holiday business and this is not only growing but is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Reasons for selling:

Due to unexpected family commitments the owner now finds himself in a position where he reluctantly needs to sell this lucrative looking business, far earlier than he had anticipated.