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8879DN LINCOLNSHIRE F/H£450000/L/H£175000 PUB/HOTEL/RESTAURANT

Asking Price: GBP 450000
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Business Location: United Kingdom » Lincolnshire » LINCOLNSHIRE 
Category: Leisure » Bars & Nightclubs
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.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2003
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: 03 PT
No of trading hours: Mon-Fri: 5.00am – 11.00pm Sat: 12noon – 11.00pm Sun: 12noon – 10.30pm
Reasons for selling:
The owner is reluctantly selling due to health reasons
Market competition and expansion:
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).
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