Downe Arms, Snaith - Marston's
Price:
Leasehold - £28,000
Location:
East Yorkshire, Goole, Sanith
Recently refurbished
9 excellent ensuite letting rooms
Historic market town location
Function room
Overview
The Downe Arms is a large community pub centrally located in the historic town of Snaith with 9 luxurious ensuite letting rooms. The recent refurbishment offers modern yet traditional surroundings with open fires where customers can enjoy a relaxing meal or drinks with friends.
Agreement
Available on a 5 year Pathway Agreement with rent of £35,000 per annum with a stepped rent of £20,000 for the first six months to help the future operator get a head start with their new business. A £50 per barrel discount is available off all ales, lagers and ciders while Marston’s retain responsibility for external repairs.
* The amount of capital required is either £28,000 when Fixtures and Fittings are purchased on a Conditional Sales Agreement where payment is made over a period of time or £68,000 if fixture and fittings are purchased outright.
Trading area
The Downe Arms main trading area is a horse shoe shape, sectioned into 4 trading areas including a pool room, dining room and 2 lounge areas. Having recently been refurbished to a high standard the pub offers a comfortable, modern yet traditional environment with open fires. The function room on the first floor is complete with its own bar. To the rear of the pub is a court yard and the 9 ensuite letting rooms are situated in their own self contained building and car park.
Customer Base
The Downe Arms attracts locals of Snaith and diners from surrounding villages. The letting rooms have regular bookings from local businesses and tourists to the area.
Business Potential
The pub has traded well and in the hands of a committed and enthusiastic operator the business will develop further and achieve new heights through good standards, a good food offer and effective marketing including the function room and 9 luxurious ensuite letting rooms.
Successful Candidate
The Downe Arms would suit a hands on operator who will grab the opportunity to further enhance trade by delivering a first class experience to attract both locals and destination customers. The ideal candidate will have experience of letting rooms and how to drive this unique income stream.
http://www.marstonspubcompany.co.uk/RunYourOwnPub/PathwayTenancy.aspx
Private Accommodation
This provides one bedroom and newly fitted kitchen, lounge and large bathroom.
North Yorkshire
£ 750,000
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