Intelligent Business Transfer are excited to offer to the market this very rare opportunity to purchase a beautiful public house and restaurant set in the stunning location of Saltfleetby, Lincolnshire. The Prussian Queen has been established for many years (thought to be 200 years) but has been trading under its current owner for 25 years. The business is steeped in tradition and is the topic of many fascinating discussions as to where its name originated from.
The business has a great reputation amongst the local community and the tourism trade created by the nearby coast and numerous caravan parks. The business has undergone significant renovation into its current state. The current owners have skilfully maintained the property’s character feel and features whilst creating a modern and dynamic bar and restaurant. There are several different revenue possibilities the business can take advantage of. There is the bar and restaurant element of the business which is popular amongst the local community and the tourism trade.
The Business comes with living accommodation which includes 3 bedrooms and an indoor swimming pool which is contained in a private area.
They enjoy regular and repeat customers due to their reputation. There is also a large function room which can be used for private functions and has the dual purpose of hosting a carvery on a Sunday. The business also has a small shop behind the bar which offers convenient products such as snacks and toiletries to customers. There is also the potential to create a small caravan site on the land behind the business and this has been voiced to the current owner on many occasions. The business is fortunate to have so many different sales revenue possibilities at its disposal. In order to take full advantage of these possible revenue streams, the business could benefit from a significant increase in the level of advertisement. This could be done using modern methods such as advertising via social media and in tourism publications in the area, to increase its customer base.
The current turnover of the bar and restaurant has experience progressive growth since the current owner brought the business and is now consistently taking over £1,500 per week, resulting in an Annual Turnover of above £80,000 per annum. It is with a significant amount of regret that the current owner is selling the business due to retirement. This business would suit an entrepreneur or family wishing to run a successful business and enjoy the relaxing lifestyle this business is being offered with.
We strongly advise an early viewing to avoid the disappointment of missing out on this rare opportunity.
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