Business Summary

WELL PRESENTED - FREE OF TIE - TOWN CENTRE PUB
WITH 5 BED ACCOMMODATION
REF: PH/507 REDUCED TO SELL
NORTH ESSEX JUST £39,995 LEASEHOLD + SAV

• FREE OF TIE PUBLIC HOUSE
• 5 DOUBLE BED ACCOMMODATION
• TURNOVER £125.000PA (WET SALES)
• RENT £18,200 PER ANNUM
• BEER GARDEN AND POOL AREA
• MODERN DECOR THROUGHOUT
• PLASMA SCREENS/SKY SPORTS
• MASSIVE SCOPE FOR FOOD
• BUSY NORTH ESSEX TOWN
• 9 YEAR LEASE


Location:
Paviour Property Services are favoured with instructions to offer for sale this superb free of tie Public House situated in this popular coastal North Essex Town.

Description:

HUGE, GENUINE POTENTIAL TO INTRODUCE FOOD AND MASSIVELY INCREASE
TURNOVER AND PROFIT

Having undergone an extensive cosmetic refurbishment this lovely little pub comes to the market only due to the owners other business interests.

Remarkably well presented the property boasts a main bar area with a variety of fitted seating along with matching tables and chairs. The floor is wooden with some areas carpeted. Large plasma screens are positioned nicely at either end of the bar with a further ‘Pool Area’ to one side of the premises.

A fully stocked bar offers an extensive range of on tap Lagers, Guiness, Bitter and Ales. Behind the bar a variety of bottled drinks are available and on view via the range of glass fronted drinks fridges.

Everything is in very good condition including the recently redecorated windows, toilets and areas around the main bar.

A large cellar is situated behind the bar with ample storage room.

A separate office homes the security system which includes 4 well positioned CCTV cameras around the premises.

The toilets are modern, clean and well presented. Male, Female and a large disabled toilet.

Although unused there is a kitchen area. Fitted with a full stainless steel extraction hood, sink and units all that would be needed to enable a new food menu would be the cooking appliances themselves. This is definitely something that could be introduced to further grow the already healthy turnover.

To the rear is a very nice, clean beer garden with matching wooden picnic tables sitting on the grass area as well as a shelter for any smokers over on the patio.

Accommodation:
Extremely large owner’s accommodation sits above the pub. Offering 5 double bedrooms very large bathroom and kitchen with even the hallway being oversized. Those seeking large accommodation will not be disappointed.

Tenure:
The premises are currently held on a secure and fully renewable lease with nine years remaining at a rental of £18,200 per annum.

Turnover:
We understand from the Vendor the current turnover for the last trading year was £125,000, working on the exceptionally high gross profit margin this trade produces. However, we feel with a hands on owner/occupier, the turnover could be increased quite considerably and even further with the introduction of food to the business.

Staff:
The business is currently operated by 4 staff on a full and part time basis.

Trading Hours:
The business is currently operating between the hours of
11:00 until 00:00 Monday till Thursday
11:00 until 01:00 Friday and Saturday
11:00 until 23:00 Sunday

Legal Costs:
Each party, Vendor and Purchaser are responsible for their own legal fees. Each party, Vendor and Purchaser, are responsible to pay 50% each of the Landlords costs in assigning the lease.

Agents Notes:
We urge any interested party to view this premises immediately, as quality businesses of this nature very rarely become available.

Price:
We are instructed by our Vendor Client to offer this highly lucrative business for sale at a price of just £39,995 to include the benefit of the remainder of the lease, the abundance of fixtures and fittings and goodwill. Stock to be purchased at valuation

Viewing Arrangements:
By prior appointment with PPS on 01702 667111.

Property Details