•The main bar and lounge area seat approximately 25 and have a sophisticated modern atmosphere. The restaurant is split across two levels providing approximately 60 covers and there is a newly refurbished function room upstairs with its own bar and seating for 50. Externally the pub boasts a covered decked area.
•The pub occupies a beautiful location and immediate villages are highly desirable locations. Nearby local attractions include the historic manor house and Turton Tower which bring tourist trade to the pub.
•The private accommodation consists of two bedrooms, a lounge, kitchen and bathroom, all in good condition.
•The pub is popular for its food offer and has a reputation for good service. It is currently trading well at £83,000 per annum wet sales and £193,000 per annum dry sales.
•Please note there is a free of tie option available with this business.
FOT on wines, spirits and minerals
Barrelage Discount £50
Fair Maintainable Turnover* £343,000 p.a.
Ingoing Costs ****
Working Capital £7,000
Training Fee £550+VAT
Security Deposit £9,000
Stock and Glassware £3,000
Legal fees £850+VAT**
Initial Contractual Costs ***
Rent £36,000 p.a.
Service charge £1,350 p.a.
Decorating fund £2,000 p.a.
Insurance £520 p.a.
Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**An estimated figure and subject to completion within 8 weeks
***The ongoing contractual costs will vary in accordance with the terms of the specific agreement.
****You will also need to obtain independent advice from a qualified accountant, a RICS qualified surveyor and a qualified solicitor at your own cost
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