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Public House And Hotel With Restaurant In Preston For Sale

Preston, Lancashire, UK
Asking Price:
£149,950
Sales Revenue:
£884,000
Cash Flow:
Not applicable

This well established business has been owned by our client since August 2017 and is only for sale today due to a change in our client’s personal circumstances. The business achieves its current level of turnover, whilst offering further potential for an enthusiastic owner operator to increase the takings, by way of, for example, perhaps expanding the services offered to include wedding receptions. This business has gained an excellent reputation within the area, achieving a 4 star rating on from over 200 reviews.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

10 year lease from 2012, with 5 yearly rent reviews

Leasehold Rent:

£57,200 per annum

Location:

This business is superbly situated in a picturesque location close to BAE systems, only 3 miles from Lytham and 8 miles from Preston. The business is close to numerous surrounding villages & towns, as well as 8 caravan sites.

Premises Details:

The large detached property of character with a large car park for approx 60 cars and entrance to caravan area with 6 pitches with electric and waste disposal provides delivery drive with access to beer cellar and kitchen, small children’s play area, large al fresco seating area for approx 80 with room for 200, entrance to bar and restaurant with disabled ramp, dining area to seat approx 36, large bar with seating for approx 40, ladies, gents and disabled WC facilities, 2nd dining area for approx 60, conservatory with seating area for approx 50, second ladies, gents and disabled WC facilities and shower room and exit to al fresco seating area. (Stairs leading to large office) Waiter area, large commercial kitchen providing staff changing area, preparation area, washing up area, store room, chilled preparation bench, cold storage, walk-in fridge, walk-in freezer and exit. Separate entrance from car park to hotel providing reception area, large dry store room, barrel room, 8 letting rooms and fire exit, stairs leading to first floor providing further 8 letting rooms and laundry room. The managers flat provide living room, dining room, large bathroom with separate shower and 2 large bedrooms.

Energy Performance Rating:
C

Business Operation

Competition / Market:

• Taking £16,500 - £17,000 per week
• 45% food sales, 35% wet sales, 20% letting rooms
• Picturesque location
• Numerous surrounding villages and towns
• Facing new housing development
• Tied on beers and soft drinks only
• Seating area for approx 160 plus bar seating for 36 and alfresco for up to 200
• Car park for approx 60 cars
• Huge scope for wedding venue
• 16 letting rooms
• 2 bedroom managers flat
• Rent £1,100 per week
• Hours of Opening 6:30am - 12:00midnight Seven Days
• 10 year lease from 2012, with 5 yearly rent reviews

Trading hours:

6:30am - 12:00midnight Seven Days

Contact Information

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