Asking price: £125,000

Sales revenue: £481,750

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: £6,000

Business description
Busy market town public house situated in a sought after location in North Yorkshire.
Well fitted to a very high and modern standard including 2x pool tables, stage, numerous widescreen TV's, Digital CCTV and full alarm system.
Thriving business with huge scope to develop turnover.
Perfect for a family or couple looking for a new challenge, a rare opportunity.

Years established: 1920

Employees: 6 Part Time

Trading hours: 3pm-12pm Mon-Thurs 12pm-1am Fri-Sun

Property: Leasehold

Lease terms
Punch Taverns lease protected by landlord and tenants act. 10 year lease with 5 year review, fully renewable.

Living accomodation
As well as the four letting rooms, there is a self contained spacious flat above the pub. This provides an additional four bedrooms, living room, bathroom, WC, kitchen and office.

Location
Situated in the thriving market town of Knaresborough, North Yorkshire.
Knaresborough is situated in an envious location within the "golden triangle" of Harrogate, Leeds and York.

Expansion potential
There are four unused letting rooms which, with some small renovation, would provide an ideal supplement to the already high turnover. There is a fully fitted commercial kitchen which is unused, there is potential to offer a food menu which would increase sales. The current owners have spent £20,000 on refurbishing the function suite in 2008.

Competition / Market
Knaresborough has a well known and popular drinking circuit of which The Crown is at the heart of. There is no real competition within the town for this hugely popular pub.

Support & training
We can offer assistance in gaining personal licences through our trusted sources. The current owner may also be willing to work for a few weeks in order to ensure a smooth handover.

Reasons for selling
Family Reasons

Financing available
We can offer assistance free of charge to gain finance for all Intelligent Business Transfer businesses.

Related documents

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