Leasehold Price: £75,000 Price Reduced Annual Turnover: £250,000
Request Details
Business Description
Hilton Smythe welcomes to the market The Craven Heifer Inn. This traditional public house was established in 1825 and has been successfully run by the current owners for the past two years and reluctantly comes to the market due to our clients other interests.

Over the past two years the current owners have successfully built up a loyal customer base, enjoying a formidable reputation, turning the business into a very busy and profitable concern.

The Craven Heifer Inn sits on the busy Burnley Road in close proximity to a densely populated residential housing area, commercial and industrial units, just on the outskirts of town, in a stunning location close to the East Lancashire Moors.

The Craven Heifer is a lovely, atmospheric, traditional public house, benefiting from 100% wet sales. Cask Ales include; Premier Bitter, Pride of Pendle, Black Witch, Blond Witch and Witch Hunt. The owners are tied to hand pull and keg beers only, allowing them to freely source and purchase wines, bottled beers, soft drinks, spirits and snacks.

Over the past two years our client has spared no expense extensively refurbishing the premises to an exceptional high standard both internally and externally.

The Craven Heifer offers a variety of leisure options for the loyal clientele; pool, darts, dominoes, a gaming machine, weekly entertainment and the ever popular pub quiz.

Presently, the current owners do not offer food for sale, although they do cater for occasional functions and celebrations.

We believe by extending the opening hours of the business along with the potential to offer food, there is great opportunity to expand the catering side of the business as a sizeable, fully equipped, commercial kitchen is ready for use.

Our clients are willing to help with the hand over process to assist with the smooth transfer of this established, profitable business.

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Business Information
Tenure: Leasehold

Number of bedrooms: 2

Accommodation Details:

An internal stairway leads upstairs to the immaculate owner's accommodation briefly comprising; large lounge, two double bedrooms, four piece bathroom suite with bath, shower cubicle, w.c. and basin. An added bonus is the wonderful, private sun patio with great views.

Location Details:

The business is located in Rawtenstall. Rawtenstall is a town at the centre of the Rossendale Valley, in Lancashire, England. It is the seat for the Borough of Rossendale, in which it is located. The town lies 17.4 miles north of Manchester, 22 miles east of Preston and 45 miles south east of the county town of Lancaster.

Nearby towns include Bacup, Haslingden and Ramsbottom. The River Irwell passes through the town on the first part of its route between Bacup and Manchester. Over recent years the area has become increasingly popular with visitors, attracted by historic buildings, dramatic landscapes and fine walking country.

The M66 motorway from Manchester is linked to Rawtenstall via the A56 bypass, allowing for a drive time between Manchester and Rawtenstall of around half an hour. The business is situated on the A.682.

Leasehold Term:

We are advised the business is Leasehold with 13 years remaining. The lease is reviewed every five years. Rent currently stands at £404.00 per week, including £36.00 per week for the residential flat.

Listed by: Hilton Smythe
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