Advert Details

Advert Ref: Heavitree

Freehold Pub Bideford OPEN DAY THURS 14 AUGUST

Details: Asking price:£250,000; Sales revenue:< £200k; Net profit:< £100k; Fixtures value:Undisclosed; Inventory value:£2,500

Business description: OFFERS INVITED OVER 250K. OPEN DAY 14th AUGUST 3-4pm. OFFERS CONSIDERED ON THE DAY. Prominently situated, highly visible corner property facing down Mill Street which is one of the main pedestrianised areas in town. Just a stone's throw from the much visited Bideford Quay where cargo ships still call and MS Oldenburg ferries day-trippers to the Isle of Lundy. The pub has a main bar with two dining areas leading off - all fairly recently refurbished. Modern fully equipped kitchen, cellar, good customer toilets. Extensive owners'accommodation which could provide 2 S/C flats or some B&B. There is a huge opportunity to increase food sales which have been neglected in recent months. Currently under agency management.

General information: Years established:150; Employees: 6; Trading hours: Mon-Thurs: 10am-Midnight; Fri-Sat: 10am-1am; Sun: 10am-Midnight; Property:Freehold; Living accomodation:4 double bedrooms, lounge, kitchen, bathroom, shower room, separate WC, utility room/office, large roof void for development; Location:The pub is highly visible in Mill Street, probably the main shopping street of the town with interesting independent retail shops and restaurants.; Expansion potential:There is a superb opportunity for a versatile couple with catering skills to promote the food business especially as there is a constant stream of shoppers and tourists in season right on the doorstep. The accommodation comprises 4 double bedrooms, lounge, kitchen, bathroom, shower room, separate WC, utility room/office and a large roof void dor development (STPP). It has to be said that the accommodation is in need of refurbishment but could provide 2 self contained flats, owners flat plus B&B or become one large dedicated owners apartment.; Competition / Market:There are several pubs in the vicinity but the Heavitree Arms is probably commanding the best position and has excellent potential to expand trade.; Support & training:There could be some limited assistance offered once contracts have been exchanged; Reasons for selling:Local pub company disposal due to churning of the estate; Financing available?There are no accounts available as the business was tenanted for many years.