Asking price: £165,000

Sales revenue: £200k < 500k

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This wonderful well known & very busy destination locals pub with restaurant and function suite is now available after 24 years. A fantastic situation next door to Portland Bill lighthouse it offers an excellent environment to live and work. Very high standards throughout! This is a must see opportunity!

Portland is an island situated off the Dorset coast connected to mainland Weymouth via the causeway. Find your way to Weymouth and follow the road signs to Portland. Once on Portland take the through road to Portland Bill. Portland is an historic island that forms part of the Jurassic coastline designated a World Heritage Site. Portland/Weymouth has just been voted by the Sunday Times as being one of the top three up and coming places to live. Situated in a beautiful part of the country Portland Bill offers a very high standard of environment and is a highly sought after area to live.

TRADING AREAS:
- Lounge Bar; A good sized bar area that also doubles as an overflow to the restaurant.
- Restaurant; Good standard restaurant with up to 65 covers. A La Carte in evenings.
- Function Room/Restaurant; Excellent 130 cover restaurant/function room with stage and bar servery. This is a fantastic facility. Dance floor, stage, sound system.
- Kitchen; Well equipped commercial kitchen.
- Cellar; Ground floor well equipped cellar.
- External; A huge garden, children’s play area and large car park.
- Private; 4 double bedrooms, 1 single bedroom, an office. High standards.

ESTIMATED INGOING:
Lease & Goodwill Reduced to £165,000 + Stock at Valuation - OFFERS INVITED

TYPE OF AGREEMENT:
- 21 year Enterprise lease, commencing 22/12/1998. Landlord tenant protected
- Rent advised at £37k per annum.
- Reviewed every five years.
- Free of tie wines, spirits, soft drinks and other products.

SUMMARY:
This appears to be a good opportunity to further the good work of the existing leaseholders and grow the sales and profit even further. It is rare to get a property such as this and should present an outstanding opportunity.

Property: Leasehold

Lease terms
21 year Enterprise lease, commencing 22/12/1998. Landlord tenant protected Reviewed every five years. Free of tie wines, spirits, soft drinks and other products.

Location
Portland is an island situated off the Dorset coast connected to mainland Weymouth via the causeway. Find your way to Weymouth and follow the road signs to Portland. Once on Portland take the through road to Portland Bill. Portland is an historic island that forms part of the Jurassic coastline designated a World Heritage Site. Portland/Weymouth has just been voted by the Sunday Times as being one of the top three up and coming places to live. Situated in a beautiful part of the country Portland Bill offers a very high standard of environment and is a highly sought after area to live.

Expansion potential
Potential for lettings rooms to be built on to the existing property.

Reasons for selling
Retirement

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