Public Houses for sale in Rossendale

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Sarah Davies (June 2014) View More
Leasehold Price: £119,000
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Business Description
Turn over in excess of £533,000 inc vat split 60% Dry 40% Wet £60,000 RNP
A large welcoming pub with sectioned areas, many large screens and a dining/function area with dance floor, a total of 140 covers.
A well equipped long bar servery and a well equipped catering kitchen.
4 bed roomed living accommodation with office, a self contained flat and large area to be converted into a separate function room.
A large car park opposite the pub and a covered smoking area to the side with seating and waterfall.
15 years remaining on a renewable 21 year part tied protected lease.
Situated between the town of Haslingden and the village of Helmshore, and easily reached from the M66. To the east there is an extensive area of moorland. The Grane Valley, including 3 reservoirs, lies to the west and the area forms part of the West Pennine moors. The area attracts walkers and hikers alike of all ages. The city of Manchester is just 19 miles to the north, and Bury and Blackburn are just 20 mins away. The town is notable for its stone quarrying and situated on the hills above Haslingden is the ‘Halo’, a panoptical artwork which opened in 2007 and is an impressive view point as the centrepiece of a reclaimed landscape. The composer Alan Rawsthorne and Manchester City and England footballer Colin Bell were born here.
A large stone built public house on a corner position. There is a large car park opposite the building. To the side, and accessed via the side of the pub there is a covered smoking area with seating and a feature waterfall. Once inside there are plenty of fixed and loose seating areas, all with large screen televisions. A long well equipped bar runs through to the lower area used for dining and also for functions. They have a disco and karaoke in this area at present. The lower area can be accessed via steps or a ramp, and has a small dancefloor. The pub is carpeted throughout with a wooden runner to the servery area. There is a through fireplace with coal effect fire in a snug area. The decor is clean and well maintained and we are advised that there is a further area upstairs with its own entrance that could be developed to expand the business. There is a catering kitchen and an ample cellar. The pub also has a separate disabled toilet facility.
Consisting of 4 bedrooms, a kitchen, bathroom and office. Also a separate self contained flat.
A corner position with a stone built facia. Separate car park.
We are advised that the business currently opens 7 days a week, all day from 12 noon to 12 midnight Sunday to Thursday and 12 noon until 2am Friday and Saturday. The Premises license provides for openings for these times. A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses.
We are instructed by our private clients to offer by way of a lease assignment of a 21 year Marstons Pub Co agreement from 2006. The lease is partially tied, current rent is £37,500 pa (8.4% rent to sales ratio). Generous barrelage discounts are offered and rent review not due until 2016.
We are advised that the pub benefits from mains electric, water and gas.
Our clients have owned the business for approx 5 years during which they have developed a healthy trade with a split of 60% dry and 40% wet. We have accounting information for the year ending April 2010 which show Sales of £533,000 inc vat with a resulting circa £60,000 Net Profit (after adding back personal and one off expenses).
Our FINANCE ASSOCIATES will be pleased to advise and assist in the purchase of this outstanding business.
Please contact 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.
Tenure: Leasehold

Listed by: GA Select
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