Further details available from Meridian Business Sales Ltd
Recently refurbished to a high standard
Advised annual turnover of £200,000
5 bedroom owners' accommodation
Early viewing highly recommended
Meridian Business Sales are delighted to offer to the market this well presented public house was established circa 1650's and has been in the careful hands of our clients for the last 18 months. Our clients are reluctantly offering the business to the market due to their desire to concentrate on other business interests. Since our client(s) took ownership of the business they have undertaken a full programme of refurbishment meaning that the business is in full walk in condition. Our clients advise us that annual turnover currently runs at £200,000 with a gross profit margin of 55%, 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 refurbishment was carried out at a cost of £350,000 with a 'no expense spared' approach and the fixtures and fittings are of the highest quality. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. 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.
This superb public house is situated in the popular village of Combe Martin which boasts the longest main street of any village in the country and provides a useful range of local services including a variety of shops, a primary school, post office, health centre, cafes, public houses, restaurants, a parish church, pretty sheltered harbour and sandy cove. The larger coastal town of Ilfracombe lies approximately 5 miles to the west, whilst the North Devon regional centre of Barnstaple is only about 10 miles to the south providing an extensive range of commercial, educational and recreational facilities. From Barnstaple the A361 North Devon link road provides easy access to Tiverton and the M5 motorway (Junction 27). Main line rail services are available at Tiverton Parkway with international airports at Exeter and Bristol. To the east the beautiful Exmoor National Park offers unspoilt moorland scenery with many foot and bridle paths, providing opportunities for walking, riding and hunting, whilst to the west are the popular sandy beaches of Instow, Saunton Sands, Croyde Bay, Putsborough and Woolacombe.
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