Bars for sale in Bishop Auckland

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FREEHOLD PUBLIC HOUSE - COUNTY DURHAM

Bishop Auckland, County Durham, England

  • Freehold Price: £350,000
Seller Reference: 3724
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 3724
Request Details
Business Description
FREEHOLD PUBLIC HOUSE - COUNTY DURHAM
Advised annual turnover currently runs at £258,000
Situated in the quaint village of Escomb
3 bedroom owners' accommodation
Early viewing highly recommended
10 new double en-suite bedrooms
Scope for further development
Ideal partnership opportunity
Genuine reason for sale
FREEHOLD

Location

The business is located in the village of Escomb just outside the town of Bishop Auckland in County Durham. It is surrounded by a wealth of commercial and residential properties generating a high amount of passing trade. The public house is situated close to the oldest Saxon church in the UK which attracts a high amount of visitors each year. It is within easy reach of the local train station and is located close to the main bus route providing easy access. Bishop Auckland is a civil parish and market town in the northeast of England, it is situated approximately 12 miles northwest of Darlington and 12 miles southwest of Durham. Bishop Auckland is reached easily and is served well by both road and rail links, the A66, A68 and A689 provide easy access whilst the A1 provides further access to the UK's wider motorway network.

Business History

Meridian Business Sales are delighted to offer for sale this superb public house which has been established for many centuries and has been in the careful hands of our clients for the last 14 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. Our clients inform us that annual turnover currently runs at £258,000 which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks as well as offering a popular hot & cold food menu. The business trades completely free of any brewery tie which is a rarity and as such the profit margins are above industry standards. 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 this superb business is not to be missed.

Financial Profile

Turnover: £258,000pa
Gross Profit: 55%

Tenure
We are advised Freehold
Planning permission granted for 10 en-suite bedrooms

Opening Hours

Monday - Friday: 12:00pm - 2:00pm // 5:30pm - 11:00pm
Saturday - Sunday: 12:00pm - 11:00pm

Accommodation

Well presented detached characterful 13 en-suite double bedroomed property, briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Public bar and games room
Open plan lounge
Fitted central bar servery
Ample dining tables & chairs for approximately 70 covers
Fully fitted kitchen
Ladies & gents toilet facilities - newly refurbished
Access to beer cellar

FIRST FLOOR
Lounge
Fully fitted kitchen
Dining room
Bathroom

EXTERNAL
Patio area
Garden
An additional 138 square foot of land recently purchased, expanding parking space
Tenure:
Freehold
Listed by:
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