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Licensed Public House In Whalley For Lease

Whalley, Lancashire, UK
Asking Price:
£69,950
Sales Revenue:
£416,000
Cash Flow:
Not applicable

This well - established business has been owned by our clients since 2010 and is only for sale today due to allow our client’s retirement. This is a superb opportunity for an enthusiastic owner operator to open their own country style Pub/Restaurant.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

3 year lease from February 2020

Leasehold Rent:

£24,544 per annum

Location:

This business is superbly located on the main street in the much sought after picturesque village of Whalley, close to other eateries and is surrounded by a large residential area, with the business benefiting from high levels of passing trade.

Premises Details:

Property of character with central entrance, good size ‘L’ shaped bar with seating for approximately 10, additional seating room with open fire for approximately 20, an open fire place room with seating for approximately 30, further seating area for approximately 20, pool room, ladies & gents WC, exit to walled and partially covered beer garden with seating for approximately 40, covered deck area with room to seat approximately 30 (order bar and stage), 2 good size storerooms, small back bar / kitchen area, barrel room and alcohol storeroom. Stairs leading to the 1st floor providing 4 double bedrooms, bathroom, kitchen and large office.

Energy Performance Rating:
E

Business Operation

Competition / Market:

• Taking £7,800 - £8,000 per week
• Rent £472 per week
• Seating for approx 150
• Beer garden seating approx. 70
• Centre of very picturesque street
• Sought after village
• Surrounded by many independent pubs, cafes & shops
• High levels of passing trade
• Large residential area
• Near large church
• Hours of Opening 1:00 PM– 12:00 midnight Monday to Thursday, 1:00 PM to 1:00 AM Friday, 12:00 noon to 1:00 AM Saturday & 12:00 noon to 12:00 midnight Sunday
• 3 year lease from February 2020

Trading hours:

1:00 PM – 12:00 midnight Monday to Thursday, 1:00 PM to 1:00 AM Friday, 12:00 noon to 1:00 AM Saturday & 12:00 noon to 12:00 midnight Sunday

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