Price:
Leasehold - £89,950
Location:
Somerset , Porlock
Business Type:
Food Service Businesses, Pubs
Contact Business Agent Tony Foster of Webbers Commercial Tel 01271 347888
The Royal Oak is located in a prime tourist position fronting onto the main high street to Porlock which is located approximately 6 miles west of Minehead. The village is famous for its unique location in the shadow of Exmoor National Park yet close to Porlock Weir and the dramatic West Somerset and North Devon coastline.
The village is virtually self-sufficient having its own general store, small Tesco, local store, handyman shop and Primary School. The Harbour at Porlock Weir is within approximately 2 miles walking distance west of the village. The property is set back from the main road through the village in an eye-catching position.
The property comprises a mid-terraced commercial property operating as a village public house with a large ground floor public bar area and served by a fully equipped kitchen. To the rear are customer cloakrooms and a large skittle alley beyond. Upstairs there is 3-bedroom self-contained owners apartment.
The premises are held on the balance of a 30-year Lease from 29 September 2002 and the main Landlord is Enterprise Inns. The current rent payable is approximately £31,000 per annum with a contribution towards insurance premium. Next rent review in 2012
The lease is a tied lease in that the proprietor must purchase all beers, lagers and ciders (excluding bottled beers) from Enterprise Inns but free of tie in respect of the sale of wines and spirits.
The business is that of a traditional village Inn operated by a husband and wife team with their daughter and part-time staff, if and when required (to a maximum of 9). Turnover for the business is in the region of £287,000 made up of £180,513 from wet sales and £107,189 of food sales. The pub is well supported with 6 skittles teams, 1 darts team, 2 pool teams and 1 quiz team. A high 5 figure net profit is achieved and audited accounts are available.
In the favoured Village of Porlock within Exmoor National Park
The premises are held on the balance of a 30-year Lease from 29 September 2002 and the main Landlord is Enterprise Inns. The current rent payable is approximately £31,000 per annum with a contribution towards insurance premium. Next rent review in 2012
The lease is a tied lease in that the proprietor must purchase all beers, lagers and ciders (excluding bottled beers) from Enterprise Inns but free of tie in respect of the sale of wines and spirits.
North Yorkshire
£ 750,000
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