Superb Guest House Nightclub And Bar In Cockermouth For Sale

Business description

SUPERB GUEST HOUSE, NIGHTCLUB AND BAR
Nightclub has a licence for 300 people and is the only club in the town
New modern fixtures and fitting throughout
Situated in the town of Cockermouth
Advised weekly turnover of £10,000
Early viewing highly recommended
Well maintained and presented
Scope for further development
17 guest bedrooms
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this exceptional guest house, bar and nightclub which has been in careful hands of our clients since 2008. The only reason this superb business is being offered to the market, is due to our clients wish to relocate. Since our client(s) took ownership of the business they have undertaken a full programme of refurbishment meaning that the business is in full walk in condition. They have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us of a weekly turnover of £10,000 with a gross profit margin of 65% which is derived from the sale of a selection of beers, wines and spirits in addition to a hot and cold food menu and from offering welcoming guest accommodation to all who wish to visit. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 9 years
Remaining: 4 years
Rent: £88,400pa

Location:

This superb guest house is located in a prime position fronting onto Main Street and within the main retail area of the lovely gem town of Cockermouth. Cockermouth is a market town, having excellent facilities including an exciting range of independent and national retail outlets, a good selection of restaurants and public houses, primary and secondary school facilities, leisure centre and hospital. The town lies just 32 miles from Junction 40 of the M6 and is within easy commuting distance of the business areas of the west coast including Sellafield. Cockermouth is also just a short drive away from the attractions of the northern Lake District tourist areas.

Premises details:

Well presented and maintained public house, nightclub and bed & breakfast briefly comprising of:

GROUND FLOOR
Secure entrance to public house and guest accommodation

Fully fitted bar area with ample dining and seating space plus wall mounted flat screen TV.
Brand new kitchen with walk in fridge for storage and chilling, cooker, grill, fryers and dish washer.

Room 1 - double room with en-suite
Room 2 - double room with en-suite
Room 3 - double room with en-suite
Room 4 - double room with en-suite

FIRST FLOOR
Room 5 - double room with en-suite
Room 6 - twin room with en-suite
Room 7 – king size room with en-suite
Room 8 - double room with en-suite
Room 9 - double room with en-suite
Room 10 – king size room with en-suite

Owners/managers accommodation
2 double rooms
Large lounge
Fully fitted kitchen
Dining room
Bathroom

SECOND FLOOR
Room 11 & 12 - single room with sink in room and shared shower room

Room 13 - twin room with en-suite

Room 14 - king size room with en-suite

Room 15 - double room with en-suite

Room 16 & 17 - single room with sink in room and shared shower area

All rooms have flat screen TV’s, ironing boards and new modern furniture.

EXTERNAL
Large car park fir 50 vehicles currently rented out for £200pm

Nightclub - Rear entrance to fully modernised nightclub with fully fitted bar, ample seating, dance floor and DJ booth.

Business Operation

Trading hours:

B&B – 24/7

Bar – 7 days a week
12:00pm – 11:00pm

Club – Friday & Saturday
10:00pm – 2:00am