HIGHLY PROFITABLE AND EXTREMELY PROMINENT INN WITH LETTING ROOMS IDEALLY SI

Price:

Leasehold - £149,950

Seller Ref:

6444L

Location:

North Yorkshire

Business Type:

Commercial Property

See Other:

Pubs and hotel property for sale in North Yorkshire
Commercial property for sale in North Yorkshire

Description:

THE BUSINESS:

Prominent location on the main promenade and thoroughfare overlooking the harbour adjacent to the famous "Magpie Fish & Chips" restaurant in Whitby.
Main bar (100), Raised bar/Dining area (30) with 4 large Flat Screen TVs, Juke box and Gaming machines.
7 Well Presented Letting Bedrooms with en-suite showers.
Owners Apartment with Double Bedroom.
Unique front Courtyard with outside seating (30).
Trade Split 70% wet, 20% dry, 10% accommodation.
Advised turnover y/e March 2010 of £774,225 (inc. VAT) with an excellent Gross Profit of £516,510; Reconstituted Net Profit of £125,037.
Partially tied renewable Manxguard Ltd lease with approx 14 years remaining; (350 barrels with Carlsberg Brewery). Current trading barrelage is 505.

A SOLID AND VERY PROFITABLE BUSINESS IN ONE OF THE BUSIEST SEASIDE RESORTS. THIS IS A MUST VIEW PROPERTY FOR ANY SERIOUS BUSINESS PERSONASKING PRICE £149,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.