Turnover £150,000 pa with huge growth potential
Good quality 3 bedroom owners accommodation
Town centre location in popular Holbeach
Early viewing highly recommended
Well established business
Ideal for hands on owners
Reduced for quick sale
Meridian Business Sales are delighted to offer to the market this well established public house with letting rooms. The public house has been in the careful hands of our clients since 2001 who now wish to put the business to the market due to their desire to take a well earned retirement to their property in Spain. Since our clients took ownership of the business they have embarked on a refurbishment program to all areas culminating in a true walk in and trade opportunity. They have continually developed and improved the business introducing new income streams which has enhanced the annual turnover to £150,000 pa with a gross margin of 55%. The turnover is derived from the sale of cask ales, lagers, wines, soft drinks and spirits. The restaurant is a themed room offering a wide selection of Tex Mex which has been popular with the local community. In addition there are 5 quality en-suite letting rooms which are advertised on the Holbeach hotels website and with the go ahead given for two new power stations to be built in the area we anticipate the rooms will be full for a number of years to come. Meridian Business Sales recommends early viewing so as to appreciate the quality and scope for further growth of this business.
This superb public house with letting rooms is located in the town centre on the main through road of the popular and affluent town of Holbeach. Holbeach is a popular and upmarket town in the county of Lincolnshire renowned for its open countryside, weekly markets and fine period properties. The business stands in a prominent position close to one of the major crossroads and is surrounded by a wealth of complimentary businesses such as shops, car dealerships, light industry and one of the major supermarkets. The business and the town enjoy strong road links to the neighbouring larger towns of Kings Lynn, Norfolk, Sandringham and Spalding all of which can be accessed via the A151 and A17 trunk roads.
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