WELL ESTABLISHED CHARACTER INN - DORSET
Price:
Leasehold - £59,995
Location:
Dorset, Sherborne
Business Type:
Hotels, Pubs
WELL ESTABLISHED CHARACTER INN - DORSET
Advised annual turnover of £156,000 with high profits
Well presented 3 bed owners' accommodation
Sought after historic market town in Dorset
Superb Inn dating back to the 1700's
Early viewing highly recommended
Scope for further development
Separate function room
4 letting bedrooms
LEASEHOLD
Business History
Meridian Business Sales are delighted to offer to the market this well established character inn which dates back to the late 1700's and has been in the careful hands of our clients since February 2011. The only reason this excellent opportunity is being offered to the market is due to our clients pending retirement. During their stewardship they have developed the business but there is substantial scope to improve by extending the opening hours to include all day opening as well as opening on a Tuesday, a further letting bedroom could also easily be created. Our clients advise us that the annual turnover currently runs at £156,000 with a gross profit margin of 60% with a split of 45% wet sales, 45% food sales and 10% from the letting rooms. The business enjoys a strong reputation within the local community and has a high level of repeat trade largely due to its friendly atmosphere and excellent food. The function room is particularly popular for both business and family events. This is a superb opportunity to purchase an established business in one of the most desirable areas in the UK and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
This character Inn with 4 letting rooms enjoys a prominent main road position over looking a large green. There is ample parking in the large lay-by to the front as well as a conveniently located bus stop. The immediate local area contains a wealth of thriving complimentary shops and businesses as well as excellent educational and leisure facilities. Sherborne is a bustling market town on the edge of Blakmore Vale in the county of Dorset. It is well known for its historic buildings including its Abbey, Mansion House and two Castles. Sherborne is easily accessed as it sits on the main A30 which connects London to Penzance as well as having its own train station which is less than 10 minutes away.
Leasehold
Original length: 11 years
Remaining: 10 years
Review: Yearly
Rent: £42,000pa
Well presented and maintained property over two floors which dates back to the late 1700's offering 4 letting rooms, briefly comprising:
GROUND FLOOR
Main entrance leading to:
Bar area with feature fireplace, separate restaurant area, function room, fully fitted commercial kitchen with stainless steel appliances, ladies & gents toilet facilities, office, laundry room, cellar and garage
Separate entrance to accommodation
FIRST FLOOR
1 x twin bedroom
1 x family bedroom
1 x double bedroom with en-suite
1 x family bedroom with en-suite
Bathroom
OWNERS' ACCOMADATION
Lounge
Kitchen
Bathroom
1 x single bedroom
2 x double bedrooms
EXTERNAL
Owner's private rear garden
North Yorkshire
£ 750,000
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