HIGHLY DESIRABLE, VERITABLE EASY TO RUN, WET ONLY, “CASH COW” WITH PLENTY OF FURTHER POTENTIAL TO DEVELOP FOOD SALES HOLDING A PRIME POSITION WITHIN THE AFFLUENT CHESHIRE MARKET TOWN OF CONGLETON
- Sustainable Turnover of (07/14) £302,139 Inc vat on 100% Wet sales returning £110,000 Net Profits (43% Profit to net sales) from a GP of 63%
- Dating back to early 1800s located on a main through route with high footfall
- Seating in split level bars (120+ standing) with separate identities and user occasions
- Impressive outstanding gardens to rear (200+)
- Set up well established and ready to just take over & go. Idea pubco or 1st time buyers opportunity
- Owners generous 4 bedroomed accommodation over 2 floor
LOCATION (CW12 1AB)
CONGLETON is situated in the heart of the UK and within possibly the most affluent & sort after county within Britain, it lays just 10 minutes drive from junction 17 off the M6, the town benefits from great transport links, yet is still a traditional market town, set amongst some of the most beautiful countryside in the UK. The town also benefits from easy links to Manchester, Liverpool and the East Midlands & Manchester airports.
A beautiful historic market Town located within The Cheshire Peak District. With a population of around 29,000, it has over 150 local organisations and groups, a bustling shopping centre, its own theatre, fantastic park and paddling pool. Congleton is a regular winner of the Cheshire Community Pride Awards and North West in Bloom and is the rural area with the best quality of life in the North West. (Source Halifax survey 2010)
Shopping in Congleton is at its premium, with a vast array of independent shops offering the local community everything from bespoke handbags, to shoe repair shops. Together with a wide range of locally produced food, available from butchers and bakers.
Congleton has over 192 retail premises and a vibrant “café culture & nighttime economy” The town centre boasts many well known retailers as well as many independent shops, catering for all needs. The main shopping area is in High Street, Capitol Walk, Bridge Street, Duke Street, Swan Bank, Little Street, West Street and Mill Street where this highly successful bar/pub is located. A covered market, just off the pedestrian area, is held twice a week on Tuesdays and Saturdays. There is also a car boot sale on Sundays. There are exciting plans to upgrade the market area and create a market square at street level. Cheshire is famous for its gardens, so much so that in 2008, Cheshire celebrated by having the Year of the Gardens. This attracts tourists visiting some of the many gardens around Congleton and Cheshire as well as some other great places for a day out
An impressive 3 story brick constructed property built early 1800s located with a commanding unmisable position on Mill Street which forms part of the independent retailer areas of this most popular market Town. Its interior areas are a mixture of traditional “pub style” with games area with pool table & then modern contemporary bar finishes set around a music theme. (120+ standing – no floor limits). Mainly stripped timber flooring covering, wood burner stove set within an exposed brick fire place, exposed features and various furnishings including loose furniture and fixed seating. Square pained windows overlook Mill Street. CENTRAL BAR SERVERY has high quality Coffee machine and hot cup dispenser along with a bank of Bright Beer pumps and soft drink dispensers . BEER CELLAR is set below ground. CATERING KITCHEN is partially equipped and has a still room/dry store along with Fitted Extraction. WASHROOM FACILITIES are by way of internal LADIES & GENTS to a good standard.
Located to the 1st & 2nd floor comprises of 4 generous bedrooms, large Lounge with feature fireplace, refurbished family bathroom, and good sized kitchen/diner. A comfortable family home.
This superb business has possibly the most impressive & imposing functional open spaces of any town centre pubs within the county. It has a capacity in excess of 200 with timber picnic sets and umbrellas, its BBQ is a popular feature during summer months. The garden has boast an external flat screen TV which also features within the main areas of the bar. This is a secure area as a “walled garden”,
The business trades March to Sept 2pm until finish and Sept to March 3pm till finish, however the permitted licensing hours for the premises are Mon-Weds 11am till 11.30pm, 12.30am close Thurs ,Fri & Sat 1.30 am close. A personal license will be required and our training associates can assist with this and any other training requirements.
We are advised by our client that the property is held & offered completely Freehold.
We are advised that all mains are connected. Business Rates are exempt due to rateable value.
This fantastic business is truly flourishing our clients having owned it for 4 years and offering it for sale due to personal family reasons. The business is trading without utilising all possible opening hours and without the provision of a suitable food offering. There is a strong argument that its business model should be kept “as is” due to the high profits generated from its existing trading style and hours. (Why fix it if it isn’t broken?) Accounts & VAT returns for the period ending July 2014 prove sales of £302,139 inc vat 100% Wet sales. Current GPs (from stock take) show 63% GP and a Net Profit of £110,000 (43% to net sales). We are advised that sales for 2015 are running to /or above this level. Profit levels of these “numbers” don’t afford themselves too often. However with the addition of a suited food offer what extra revenue could be generated along with extra wet sales cascading into additional Net Profits.
A TRULY UNIQUE OPPORTUNITY TO ACQUIRE WHAT IS ARGUABLY THE BEST AND WELL LOCATED WET DRIVEN PUB IN THE NORTH WEST OF ENGLAND.
Accounts information will be made available to interested parties after viewing.
Our panel of financial experts are here to help; call for referrals: 01530 414140.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251208.
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
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