Asking price: £69,000

Sales revenue: £200k < 500k

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Traditional heart of the community locals pub with catering, restaurant and function room. Five bedrooms. Built 1610, grade 2 listed, lots of history, wooden beams and charm. 10 year renewable agreement, potential of 20 years.

Portland is an historic island that forms part of the Jurassic coastline designated a World Heritage Site. Not only is it famous for its coastline with Chickerell Beach and the Fleet but it is just minutes away by car to the excellent Weymouth beach. This is the beautiful county of Dorset which is arguably one of the nicest places to live.

CURRENT TRADE:
Accounts available on request.

ESTIMATED INGOING:
Lease & Goodwill reduced to £69,000 + Stock at Valuation for quick sale.

TYPE OF AGREEMENT:
- 2.5 years advised remaining on 10 year renewable lease. Landlord tenant protected.
- Rent reviewed every 3 years, no RPI
- Free of tie wines, spirits, soft drinks and other products.
- Beer discounts
- Annual marketing fund, minimum of £1000
- Rent advised at £25,800 pa, plus 1.5% franchise fee

SUMMARY:
This pub is an excellent 17th century inn with lots of character and a loyal local following and is well known for its charity fundraising. The catering side of the business has not been exploited to its true potential and has greater scope to increase trade and profits. The pub owning company have indicated they are willing to discuss conversion to a 20 year lease.

TRADING AREAS:
- Main Bar/lounge; The main bar/lounge known as the Quarr bar, is an area full of history and typifies a proper traditional pub that serves as the heart of the community. It features an open fire, decent bar servery, darts board,and has lots of ongoing activity.
- Pool Room; A separate area to the side of the bar servery is designated as the pool room.
- The Shilling Bar; There is also a smaller lounge bar area known as the Shilling Bar believed to be so named due to the visits from the press gangs in days gone by. This area can accommodate ten diners
- Restaurant; Traditional open fire with wooden beams, and seats twelve.
- Function Room; This room has also been used as a restaurant with forty available covers.
- External area; A good sized walled beer garden with picnic tables. This area can accommodate fifty diners and is very popular. This is an ideal area to take advantage of the smoking ban.
- Cellar; Fully equipped good sized ground floor cellar.
- Kitchen; Good sized well equipped kitchen
- Domestic; Five bedrooms, gas central heating.

Property: Leasehold

Lease terms
2.5 years advised remaining on 10 year renewable lease. Landlord tenant protected. Rent reviewed every 3 years, no RPI Free of tie wines, spirits, soft drinks and other products. Beer discounts Annual marketing fund, minimum of £1000 Rent advised at £25,800 pa, plus 1.5% franchise fee

Living accomodation
Domestic - Five bedrooms, gas central heating.

Location
Portland is an historic island that forms part of the Jurassic coastline designated a World Heritage Site. Not only is it famous for its coastline with Chickerell Beach and the Fleet but it is just minutes away by car to the excellent Weymouth beach. This is the beautiful county of Dorset which is arguably one of the nicest places to live.

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