Village Pub Restaurant in County Durham

Price:

Leasehold - £24,950

Turnover:

Seller Ref:

2475

Location:

County Durham, St Johns Chapel

Business Type:

Food Service Businesses, Pubs

See Other:

Restaurants for sale in County Durham
Public houses for sale in County Durham
Pubs for sale in County Durham
Food service businesses for sale in County Durham
Pubs for sale in County Durham

Description:

THE BUSINESS:

Preferred Commercial is delighted to offer for sale this popular village public house, which was established in 1750 and which has been in our client's careful hands since 2006. The business is only now being placed on the market due to ill health. The business is run at a pace to suit our client and generates a turnover of £53,000 per annum with a gross profit of 35%. The pub is very much at the heart of the community hosting 2 football teams, a ladies darts team, pool team and there is a motorcycle club that meets at The Golden Lion each week. The pub offers a variety of beers and ales along with home cooked meals and is especially busy on Friday nights due to their famous fish and chips to takeaway or eat in. There is scope for a new owner to increase turnover by extending the opening hours and by marketing function facilities. This is an ideal lifestyle change opportunity for anyone looking for a public house in such a delightful rural area. Early discussions with Preferred Commercial must come highly recommended.

Location Details:

The Golden Lion occupies a prominent position on the main road into the village of St Johns Chapel in County Durham. The pub is situated on the market place, right in the heart of this delightful Weardale village. St Johns Chapel is one of the most beautiful villages in the area and is surrounded by stunning countryside. Situated on the A689, the village lies approximately 28 miles west of Durham and 18 miles from Crook.

Lease Terms:

Leasehold Original length:18 years Remaining: 13 years Review:every 5 years Rent:£520 per week

Trading Hours:

Mon - Sun: 12.00pm - 2.00pm & 5.00pm - 1.00am

Accommodation:

Very substantial 2-storey public house with beer garden and spacious car park. Briefly comprising: Lower Ground Floor • Large beer cellar and bottle store Ground Floor • Main bar area • Pool and darts area • Ladies and Gents WCs • Commercial kitchen fitted to suit trade • Restaurant/function room with 18 covers First Floor Owners' accommodation, briefly comprising: • Large lounge • Large kitchen • 3 x large double bedrooms • Large family bathroom External • Large car park • Smokers' area with seating • 5 x self-contained cottages, which are currently let out on long term leases