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9014TF PUB/RESTAURANT/B&B L/H £125,000
Asking Price:
GBP 125000
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Business Location:
United Kingdom » Shropshire » SHROPSHIRE
Category:
Leisure
»
Bars & Nightclubs
Description:
Advent Business Sales have been instructed to offer for sale this long established and popular public house and bed and breakfast with excellent further potential.
Built in the late 17th century and converted into a public house in 1834, the pub has been a focal meeting point for the local community over the years.
Since acquiring in 2004, the vendors have spent a great deal of time and effort in re-establishing the pub’s standing with careful preserving of the traditional features.
The vendors, a husband and wife team, have reluctantly decided to sell to spend more time with their young family.
This popular stone-built premise boasts a quaint bar area with a 22-seating restaurant. To further complement, 3 en-suite rooms have been carefully transformed to add benefit to the business.
This traditional pub has won accolades and was formerly Camra pub of the year and features regularly in both the good beer and good pub guides.
The landlord prides himself on providing excellent beer and ale with 6 hand pulls, which feature guest beers.
The pub is tied only on keg beer, enabling virtually free of tie, 65% wet sales, with the further 35% through the restaurant.
The restaurant boasts an extensive fresh home cooked menu consisting of 18 different starters and 35 different variations of mains, with a mind boggling dessert menu.
The bed and breakfast facilities for residents occupying the 3 en-suite rooms, add further regular income.
The pub has amassed an enviable reputation and this is truly credited to the vendors hand on approach.
The vendor has created a web site, which attracts regular customers and is ranked highly on late rooms.com and bookings.com for the Shropshire area.
The high level of tourism to the area virtually guarantees customers all year round, making this a popular and highly desirable location.
REF: 9014TF
STAFF DETAILS
The business is staffed by a husband and wife team, with a further 9 part time employees covering the 7 day trading pattern, including front of house and housekeeping.
TRADING HOURS
Mon-Thurs: 12.30pm – 3.00pm
& 5.00pm – 11.00pm
Fri-Sun 12.00 noon – 11.00pm
BUSINESS PREMISES
This well-appointed premise is situated in a fabulous scenic location and consisting of the following:
Ground Floor
• Single entrance leading directly into bar area with capacity of 25 people with seating arrangements and an open coal fire
• Fully stocked bar with 6 traditional hand pulls
• Leading to restaurant with capacity for 22 people
• Fully equipped commercial kitchen
• Ladies and gents toilets
• Door to enclosed yard
• Doorway to cellar area
• Access to upper floor
First Floor
• 3 recently refurbished en-suite rooms
• Laundry room
• Storage areas
External
• Parking for 6 vehicles to the side of the premises
TENURE: Leasehold
Original lease: 15 years
Remaining lease: 12 years
Review every: 5 years
Rent: £41,000
We are advised that the annual business rates are currently: £8,900
The pub is tied to Punch Taverns
Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
305000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
This delightful premise occupies a prime visible main road location within a prominent Shropshire village. The area itself is part of the world heritage site, which includes Ironbridge and Coalbrookdale.
Year Established:
1834
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
No
Market competition and expansion:
Although the business has been trading successfully, there is still further scope for expansion. This could include extending the opening hours
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