Pubs for sale in Newark

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Ian McGregor (Nov 2013)
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Leasehold Price: £59,950 Price Reduced
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Business Description
TRADITIONAL VILLAGE PUBLIC HOUSE - NOTTINGHAMSHIRE
Potential to convert external storage to letting rooms
Situated in the affluent village of Bathley
Early viewing is highly recommended
Advised annual turnover of £159,651
Scope for further development Well established business
Genuine reason for sale
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer for sale this superb public house with restaurant which has been established circa 1885 and had been in careful hands of our clients for the last 16 years. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since our clients took ownership of the business they have invested time and money in the business and premises to the point where it is in full walk in condition and have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that annual turnover currently runs at £159,651 which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks and a popular hot & cold food menu. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This business would ideally suit a husband and wife or partnership and could afford a good standard of living. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
Trading Hours:


Monday - Thursday: 12:00pm -2:00pm > 7:00pm - 12:00am
Friday - Sunday: 12:00pm - 12:00am


Tenure: Leasehold

Accommodation Details:

Three storey semi-detached property, briefly comprising of: GROUND FLOOR Secure entrance leading to: Entrance hallway with ladies & gents toilet facilities Public bar with ample seating, darts board and fitted bar servery. Lounge bar/restaurant with seating for 37, bar servery and open fire Fully fitted kitchen with double sink, dishwasher, wash basin, 4 ring electric hob & oven, griddle, 2x fat fryers, extractor, fridge, freezer, microwave and stainless steel work/preparation worktops with under counter fridges. Access to cellar and beer drop FIRST FLOOR Kitchen Office Toilet Shower room with shower and wash basin Lounge Double bedroom SECOND FLOOR 2x single bedrooms EXTERNAL Brick built skittle alley/function for 40 and small kitchen to cater for function room Beer garden to side/front with gas BBQ Store room and bottle stores Front parking for 6+ vehicles and adjacent car park for 15

Location Details:

This character public house is located on the main through road in the village of Bathley in Nottinghamshire. The village is small and quaint and has good shopping and amenities plus football, cricket clubs and angling on the nearby river Trent. The public house stands on a large plot in a prominent corner position and is a focal point of this village. The town is within close proximity of the bustling town of Newark which is abundant with historical features and excellent shopping facilities including Waitrose. For the commuter the A1 is close by and offers easy access to the north and south of the county. There is a direct rail link from Newark Northgate Station to London King Cross which takes from approximately 80 minutes.

Leasehold Term:

Leasehold Original length: 21 years Remaining: 16 years Rent: £16,822pa

Listed by: Meridian Business Sales Limited
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