Business Summary

Public House with four en-suite letting rooms

Recently refurbished

Presented to a very high standard

Free of tie

Located in the Cathedral City of Wells, Somerset

Falcon Commercial are delighted to offer for sale this extremely well presented free of tie public house with 4 en-suite letting rooms which were added this summer. The business is now reluctantly being offered to the market as the owners are buying a business abroad.

This truly turnkey opportunity enjoys an all year round trade and enjoys turnover which is in the region of £400,000 per year with a healthy gross profit margin. The business has built up an excellent reputation for its comfortable and cosy atmosphere in a relaxed, friendly environment. The well-stocked bar serves draught beers, good quality wines from around the world, spirits and soft drinks. Customers can relax in the bar area before they dine. Diners are able to choose from an extensive lunchtime and evening menu that includes favorite dishes along with new and exciting dishes from around the world. The food from the menus is prepared to order from only the finest produce which where possible is sourced locally.

We feel that this opportunity represents a fantastic base on which to build upon particularly as the letting rooms are now becoming an established part of the business. Early negotiations with Falcon Commercial are highly recommended.

Premises Details

The City Arms occupies a well maintained prominent building which benefits from being in a highly visible position on one of the main roads that runs through the sought after, Cathedral City of Wells which is in Somerset. It is surrounded by a wealth of complimentary independent and multiple shops and business. The landmark premises benefits from partial air conditioning and briefly comprises:

Ground Floor

Lounge Bar which has approximately 40 covers and an attractive beamed ceiling and tiled floor. The bar server is wooden faced and has 6 points of dispenses as well as several hand pumps for ales.
Archers Bar with approximately 10 covers at tables and chairs as well as leather sofas
Keepers Dining Room/Bar which has approximately 40 covers at wooden tables and chairs as well as an attractive wooden floor. Waiters station with coffee machine.
Ladies toilet
Gentlemen’s Toilet
Toilet with disabled facilities

First Floor

Fully fitted commercial catering kitchen with extraction containing an array of catering equipment that includes: 6 burner range style cooker, grill, combi oven, twin fryer, walk in cold room, hot cupboard, 2 x under counter refrigerators, etc.
Kitchen Porters area with commercial dish washer a double stainless steel sink unit
Laundry room containing 2 washing machines and a tumble dryer
3 x king-size en-suite letting rooms
1 x twin en-suite letting room

External

Sun Terrace
Enclosed courtyard garden

Staff

The business is run by the proprietors with help from a dedicated team of 7 members of staff.

Stock

We are advised that the stock held by this business is approximately £7,000.

Tenure

The business is offered on a 25 year lease of which 17 years are remaining. The rent payable is £78,000.

Opening Hours

9.00am – 11.00pm every day
Open until mid-night on a Saturday

Business Rates

We are advised that the business rates payable are £20,000 per annum.

Location

The historic City of Wells is just a short 45 minute drive from the beautiful City of Bath (UNESCO World Heritage City). Wells is a medieval city nestling on the southern side of the Mendip Hills with the mystic Somerset Levels stretching away to the south and west. The history of Wells goes right back to Roman times when we know that there was a settlement, probably because of the springs that bubble up here. Wells gets its name from these springs which can today be found in the gardens of the Bishop’s Palace.

Wells is the smallest city in England with about 12,000 inhabitants. It can call itself a city because of the famous 13th century Cathedral. It remains remarkably unspoilt and has many other historic buildings including the moated Bishop’s Palace, Vicars’ Close, St Cuthbert’s Church and a good local museum. The Wells Market Place, with lively markets twice a week, the narrow streets and an eclectic mix of building styles all reflect on the continuing development of the town throughout the ages.

Property Details