Excellent Public House Restaurant And Conference Business For Sale

Business description

EXCELLENT PUBLIC HOUSE, RESTAURANT AND CONFERENCE BUSINESS – SANDIACRE
Huge turnover of £520,000pa with excellent profit returns
Situated in the desirable area of Sandiacre, Nottingham
Sizable 4 bedroom private living accommodation
Superbly appointed & presented throughout
Very stable local community customers
Separate conference/function building
Early viewing is highly recommended
Ample customer parking
Large outdoor area
LEASEHOLD


Business History
Meridian Business Sales are truly delighted to offer for sale this exceptional public house which has a proud history dating back to the 1930’s. Since 2006 the business has been owned by our client who is only now placing it onto the market due to her family commitments.

The business which is run and managed by our client with the assistance of staff achieves a very respectful weekly turnover of £10,000 derived from the sale of beers, wine, spirits, a fine pub style menu and rented conference classroom facilities.

The business has always enjoyed excellent levels of repeat business with many of the local clientele visiting for years. The business also sees a healthy amount of new visitors from good word of mouth recommendation and from the highly visible location set on a main through road which sees a very high amount of passing trade throughout the year.

The property also benefits from having very sizable 4 bedroom private living accommodation which is a huge advantage for a new owner. This is an exceptionally high turnover public house which would be an ideal family run business or lifestyle change opportunity for someone who is looking for something that has several revenue streams and still has huge future potential.

The public house is also exceptionally well presented throughout as the current owners have spent thousands on modernisation and fixture replacement which is a massive advantage for a new owner as there is no need to spend additional funds on presentation for many years.

This is a very rare opportunity to acquire a very high turnover and successful public house. We feel that this opportunity offers a new owner an excellent base to build upon and we urge early viewing of this excellent business.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining: 8 years
Review: 5 years
Rent: £60,000pa

Living accommodation:

Exceptionally well presented detached property briefly comprising of large open plan dinning and drinking lounge, separated bar, large secure gardens, conference classroom/function room, 4 bedroom private living accommodation and ample private parking facilities briefly comprising: GROUND FLOOR Bar lounge - Secure front entrance into main lounge Bar featuring 14 pumps, rear spirit displays, drinks chillers, glass storage and 2 payment tills, bar seating area for 12 -15 with tables and chairs Dining area - Beautiful feature fireplace with facing leather sofas, dinning covers for 50-55 with well spaced tables and chairs, side double door access to garden, male / female and disabled toilets Bar - Access via front door and from drinking lounge Open plan area, bar featuring 6 pumps rear spirit displays, drinks chillers, glass storage and payment till Glass washer, coffee machine and storage Fitted seating and tables with chairs 20-24 covers Central pool table Ladies and gents toilets Commercial kitchen - Stainless steel throughout briefly comprising of: hot plate, 3 x deep fat fryers, 6 ring hob, grill, large overhead extraction, 3 x commercial microwaves, 5 pot Bain-Marie, freezers and several stainless steel worktops Rear wash and storage area with 2 x freezers and 2 x fridges, door access to small private yard, small storage shed outhouse with additional freezer and fridge FIRST FLOOR Private living accommodation Large landing accessing large living room with ample dinning space if desired, family bathroom with toilet, bath and wash basin, sizable kitchen with fitted cupboards, worktops and wash sink, 3 very large double bedrooms & an office CELLAR Cellar area, sizable with secure storage and brewery pumps EXTERNAL Ample parking at front and side of property 2 x external vehicle garages Large rear smoking canapé, well sited and spacious Garden area Large with secure perimeter fencing, picnic benches and play areas CONFERENCE FACILITY Gate entrance to conference facility Single storey open plan conference room catering for 60+ people, toilet and kitchenette

Location:

The business has a prime location in the beautiful town of Sandiacre, Nottingham. The Property stands proud on a main throughroad which is used by travellers and local commuters throughout the year. The location is surrounded by good quality residential housing which supplies an endless stream of local customers within a short travelling distance.

Sandiacre is a hugely popular business and residential location due to its fine housing, excellent central shopping facilities, good schools and NHS services, parks and countryside and pleasant local community. Sandiacre is ideally situated between Nottingham and Derby and sits right on the M1 Motorway which makes visiting and commuting very easy.