Asking price: £1

Sales revenue: < £200k

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The Ballarat, 13 Borough Road, North Shields, Tyne & Wear. Prominently positioned public house near town centre on busy crossroads controlled by traffic lights. Not the best area of town but the pub is in good condition and has a spacious maisonette over two floors. Would make speciality real ale pub with traditional ambience and convivial landlord. We are a small independent pub company and the pub is supported by a management company there to guide you.

Years established: 80

Employees: 0

Trading hours: Currently closed

Property: Leasehold

Lease terms
Temporary Agreement for up to 1 year with nil rent, tied to beer, lager, cider, stout with generous discounts. Full support given. Property needs furnishing throughout by tenant. After at least 6 months successful trading we will offer you a nil premium long lease free of tie and FRI at reasonable terms to be agreed which can be assigned after 3 years. We are a small private pub company who are able to tailor terms to suit our tenants.

Living accomodation
Very presentable living accommodation. 3 beds; reception; kitchen; bathroom; spacious attic areas

Location
Prominently situated on crossroads in Borough Road, North Shields

Expansion potential
Trade can be expanded but areas cannot.

Competition / Market
Several pubs nearby but in the lower bracket

Support & training
Full support from management company

Reasons for selling
Change of tenant