Pubs for sale in Houghton le Spring

View the "LEASED PARTNERS OPPORTUNITY - Floaters Mill" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Leasehold Price: Price on Application
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Business Description


•The Floaters Mill is a large family food pub in a village location
•It has a large kitchen and dining area with carvery operation, conservatory and outdoor play area and patio
•The Floaters Mill is set on the A1052 between Durham and Sunderland and could attract customers from both areas. Locally there are a number of villages; the closest has 500 homes and new development plots
•Attracts locals and families and has a football team in place. Sky TV also attracts customers
•Includes three bedroomed private accommodation

Pathway Tenancy
Fully tied
Barrelage Discount £50
Fair Maintainable Turnover* £457,331 p.a.
Ingoing Costs****
Working Capital £5,000
Training Fee £550 + VAT
Security Deposit £7,500
Stock and Glassware £2,500
Legal fees £360 + VAT
Initial Contractual Costs ***
Rent £35,500 p.a.
Service charge £1,350 p.a.
Decorating fund £2,000 p.a.
Insurance £1,256.41 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
Tenure: Leasehold

Downloadable Documents

Listed by: Marstons
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