Pubs and Hotel Property for sale in Isle of Wight

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I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
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Leasehold Price: £275,000 Price Reduced
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Business Description
The current owners have traded the business since 2008 and during this time turnover has steadily increased reaching a seven figure sum to date. The owners now feel that their lives are at the right point to move on, due to their children now moving away from home and the business provides an excellent opportunity for strong, new operators, to take it further forward and reap the considerable profits available from the strong turnover that the Crab and Lobster enjoys. Detailed financial information is available to bona fide applicants after inspection.

The Crab & Lobster also offers 5 well appointed guest rooms, which are well presented luxurious rooms, with either en-suite bath and/or shower. These are individually named depending on the aspect they face. This area is supported by its own separate laundry and boiler room.
The Crab and Lobster sits at the end of Foreland Fields Road and benefits from 2 dedicated, marked out car parking areas with space for 25 vehicles. There is also alternative parking close by, a great benefit during the Summer months when the demand for parking well exceeds the 25 spaces available directly outside the pub. There is a terrace overlooking the sea which can cater for a further 120 covers and a further decked area to the front of the premises with picnic benches, providing further seating.
The main bar area runs to some 127m˛ (1,367 ft˛) with capacity for 95 covers, either eating or drinking. This area has been recently redecorated and there is a further restaurant off, running to approximately 29m˛ (312 ft˛) creating a more intimate place to dine and arguably could be arranged as a "fine dining" experience, being away from the general pub area and is able to cater up to 30 covers. There is also a third dining area, which could lend itself to a private function room, if required, running to 31m˛ (334 ft˛). This room is currently laid for 22 covers, having a good deal of character, with a stripped wooden floor, exposed brickwork, high ceiling and fireplaces at each end.
Tenure: Leasehold

Location Details:

The Crab & Lobster is located at the end of Forelands Fields Road, in an elevated position high above Bembridge Ledge, giving exceptional views out to sea. This location, therefore, is not only suited not only to the many visitors to the Island during the holiday season, but also to the large amount of walkers following the coastal path out of Bembridge and of course to Islanders wishing to enjoy it's unique situation. Steps from the terrace lead down to Forelands Beach allowing direct access to this beautiful strip of coastline. Bembridge itself is considered a very prosperous village with a resident population of around 3,500 and is the largest village in Europe, drawing patronage from right across the Island. Customers are attracted to the location and its excellent reputation for seafood. This is naturally boosted during the summer season by the high number of visitors, second-home owners and the yachting fraternity using the facilities of the two yacht clubs in the harbour.

Listed by: Gully Howard
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