Hilton Smythe is delighted to welcome to the market this public house business in Plymouth, Devon. The business has been in our clients` ownership since 1992, only now is the business offered to the market due to our clients` wish to retire. The business is open 7 days a week and generates a turnover in the region of £187,763 with a gross profit of 53%. Our clients` offer a range of real ales, lagers, wines and spirits along with restaurant meals.
The Waterloo Inn is a well-established and popular public house, therefore benefitting from a loyal customer base with a vast amount of repeat trade. The business is very much at the heart of the community and has two pool teams, four darts teams and two Euchre card teams. The business benefits from a 20 plus cover restaurant area, which is currently only serving lunchtime meals and offers a modern home cooked menu from locally sourced suppliers.
There is 4-bedroom private accommodation on the first floor, some of which could be used as letting accommodation, should a new owner desire to do so. The property is well maintained and finished to a high standard throughout. We feel there if scope to increase the turnover by extending the hours in which food is available, such as offering an evening menu. The business would also benefit from establishing a website advertising the services offered, as there is currently no website available. This is an excellent opportunity for a new owner to take this already thriving and popular business to the next level; therefore early viewing must come highly recommended.
The Waterloo Inn occupies substantial end terrace premises, ideally located in a prime trading position in the city of Plymouth, Devon. The business benefits from ample parking in the vicinity and is situated in a densely populated residential area, from which it draws most of its trade. The city is a desirable place in which to live and boasts excellent leisure facilities. The local attractions and amenities are nearby, including Plymouth Hoe, Plymouth Navel Memorial and Plymouth Sands.
The city centre lies approximately 1½ miles away from the property. Plymouth roots are as a commercial shipping port, today it is home to the largest naval base in Western Europe and the city is home to around 250,000 residents and has one of the largest universities in the United Kingdom.
The A38 duel carriageway provides an easy commute to the city linking to the M5 motorway. The international ferry terminals are also within the city with regular services to France and Spain. As you would expect the city has excellent public transport links with a main line railway station and network of buses running throughout the City.
Newly redecorated public house in one of Plymouths most sought after areas, briefly comprising:
Ground floor with:
Flooring is part wooden and part carpeted.
Large `L` shaped bar with nine points of dispense, cold drinks chillers, full range of optics, electronic cash register, glass washing machine and stainless steel sink unit.
Hot pie/pasty warmer.
2 x gaming machines.
Tables and chairs to suit trade.
Ladies and gents WCs.
Conservatory to rear with:
Fully glazed, tiled flooring, tables/chairs for dining and access to beer garden.
Storage, barrel store and ice making machine.
1st floor with:
Hallway with access to private patio area.
Kitchen with fully fitted units, sink, cooker, refrigerator, freezer, double deep fat fryer, dishwasher and microwave oven. The kitchen is used for the public house and private use.
Bathroom with combi-boiler, walk-in shower, wash hand basin and WC. The bathroom is tiled throughout.
Lounge with new wooden flooring, feature fireplace and window to front.
Bedroom 1: Double with window to front.
Kitchenette with fitted units and sink.
2nd floor with:
Bedroom 2: Double with fitted wardrobes and window to rear.
Bedroom 3: Double with window to front.
Bedroom 4: Single with window to front.
Double garage currently used as a storage area for dry goods.
Small smoking area to rear.
Tented area with wooden benches, tables and chairs.
We are advised Freehold.
The business is open:
Monday - Sunday: 10.00am - 12.00am.
The business is owner run and managed with 1 x cleaner.
The business generates a turnover in the region of £187,763 with a gross profit of 53%.
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