The Black Lion is a beautiful grade ll listed property in a commanding position at the centre of the semi-rural town of Ellesmere in Shropshire, a vibrant historical market town.
•This is a grand three storey building that is thought to date back to the Tudor times, making it over five hundred years old. Retaining a lot of its original features, it has a very homely feel with open beams and cosy fireplaces.
•The Black Lion is set on the main street of the town surrounded by local shops and transport links. The town also lies on the Llangollen canal, where there is a new marina that has been recently upgraded and extended to berth over 200 canal boats.
•The pub has three trading areas. There is a lounge which seats 34 people, a bar/dining area which seats a further 12 and the main restaurant with over 50 covers which also acts as a secondary function room. The pub benefits from good quality, newly decorated ladies and gents toilets and a good sized, well equipped kitchen. There is a quaint beer garden which has scope for development, as do the vast outhouse areas. Lastly there are seven large letting rooms.
•The private accommodation boasts four large bedrooms, a good sized kitchen, two living rooms, an office and a downstairs toilet with bathroom.
•The pub attracts day trippers, walkers, holiday makers, bird watchers and canal boaters, a good all-round mix of the tourist trade in the area. It is a community favourite and is popular with locals throughout the year.
•The Black Lion is a seasonal business which currently is trading at around £10,000 net per week.
Barrelage Discount £50
Fair Maintainable Turnover* £453,291 p.a.
Working Capital £3,500
Training Fee £360 + VAT
Security Deposit £9,250
Stock and Glassware £3,500
Legal fees £360 + VAT
Initial Contractual Costs ***
Rent £37,000 p.a.
Service charge £1,500 p.a.
Decorating fund £3,000 p.a.
Insurance £2,500 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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