- Businesses for sale
- Advert Details
- Advert ID: 692975
- (Seller ref: 8879LN)
Freehold Pub Hotel & Restaurant For Sale
- Lincolnshire, United Kingdom
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- Business description
- Advent Business Sales is pleased to offer to the market this extremely well established pub/hotel/restaurant, which has been trading successfully since the mid 1960’s.
The current vendor has been in ownership for the last 5 years.
The owner is reluctantly selling due to health reasons and has agreed to offer the business as both freehold and leasehold to attract a quick sale.
Our client has achieved an enviable position of having all the rooms fully let, Monday to Friday, for at least 8 months of the year.
The restaurant, which also doubles as a function room, has seating for 125 people.
The pub bar can also accommodate a further 38-40 covers.
The pub has a pool team and is the venue for the local football team, in season. Two nights are given over to themes, Thursday is curry and a pint for £5.00. Friday is mixed grill club night, again for £5.00. Traditional Sunday lunch is a further highly successful weekly event.
The pub is renowned for its Christmas Day lunch in the restaurant, 60 covers are taken for this only and there is already a 13 month waiting list.
Food on offer is traditional fare with fresh vegetables served separately in a waiter service manner.
Rooms available are as follows:
3 doubles, 1 twin, 3 singles all en-suite.
These are located on the first and second floors, security coded from the remains of the building.
Décor, fixtures and fittings are good, kitchen well equipped for purpose.
The premises benefit from 9 CCTV camera’s, fire and burglar alarms.
Stock at cost is approximately £2,500.
The customer base is both local and passing, the letting rooms to local industry.
Leasehold is available at £175,000.
REF: 8879LN
- General information
- Employees: The 2 owners staff the business full time together with 3 part time employees.
- Trading hours: Mon-Fri: 5.00am – 11.00pm, Sat: 12noon – 11.00pm, Sun: 12noon – 10.30pm
- Property:Freehold
- Lease terms:TENURE: Freehold or Leasehold Original lease: 12 - 15 years Remaining lease: TBC Review every: 3 years Rent: £700 per week We are advised that the annual business rates are currently: £1700 - £2000
- Living accomodation:Entrance is off the large car park. Separate entrance for bar, restaurant when used for functions and upstairs bedrooms Off the bar entrance is a lobby with both ladies and gents w/c’s Leading to the main bar, which is on two levels, the first level has a pool table and an easy seated area with a large table at one end. The second level has a long bar with tables placed around Door to the upstairs rooms at the far end of the bar room, there is also a doorway to the restaurant – which is laid out in alcoves to give selectivity and privacy Second bar servery is in one corner with hot plate, gravy server, hot plates under store and bain marie All bars have cold fridges and wine coolers etc To the rear of the main bar and restaurant bar is a wash area with glass washer/sink and fridge To rear of this is a chilled cellar and bottle room Off the restaurant is the kitchen containing of: • Water boiler • 4 microwaves • Fridge’s and freezers • Stainless steel work tops with under shelves • 2 slice toaster • Gas grill • 6 burner top with double oven sink • 3 fryers • 2 ambient cupboards – free standing • Work surface, a dessert fridge with hood and extraction over the cooking area This leads to a back yard with a gate onto the main road First floor comprises of 2 single rooms, managers room and housekeepers room. Also the owners flat which consists of 1 large kitchen, large lounge, 2 double bedrooms and bathroom. Second floor consists of 3 double rooms, one single room and one twin room – all en-suite. External There is, to the rear a garden area and a large car park. There is also a partially completed bungalow which could be a family accommodation for owner, thus freeing up more space in the main building for a further 3 – 4 double rooms with en-suite – thus increasing the turn over.
- Location:Our client’s business is located on a main road surrounded by some very upmarket villages in North East Lincolnshire.
The nearest town has a rail link and it is close to the M180 and Humberside International Airport as well as Kingston upon Hull North Sea ferries.
The area is rural and also industrial close by. This industrial aspect gives long-term residents and consistently booked up rooms, where the restaurant is a very regular venue for the rural residents.
Consistency of custom makes this an extremely attractive proposition.
- Expansion potential:Expand the existing hours, advertise, expand rooms to let by converting bungalow to owner usage, put on disco on Friday and Saturday nights, business conference, food on Saturday’s (not provided at moment).
- Financing available?Please let us know if you require finance for the purchase of a business.
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