Now available due to genuine retirement reasons the business is that of a traditional public house. Our clients have an established trade and the turnover for the year ending March 2015 was approximately £217,694. Furthermore there is scope to increase the turnover by providing Bed and Breakfast rooms above the pub.
Open throughout the year 7 days a week, opening hours are Monday - Thursday 3.30pm to 11pm, Friday - Saturday Midday till 1am and Sunday midday to midnight.
Number of bedrooms: 5
In a busy residential area on the outskirts of Bideford, the property is surrounded by chimney pots and has an excellent local following. The property is set back from the main road which connects Bideford town centre to the main industrial estate at Clovelly Road and beyond that to the large indoor shopping precinct, Atlantic Village and Asda supermarket. The property is within walking distance of the town centre, quay side and nearby schools.
We understand the lease is for 20 years from 2000 at a current rental of £22,400 per annum being an original Whitbread Lease (free of tie on all ciders, wines, spirits and soft drinks, with permission for one guest ale and one bottle ale) now the freehold is owned by Enterprise Inns plc. An incoming tenant would need to provide the usual bank and trade references for Enterprise Inns and undertake the usual application process.
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