Public Houses for sale in Wells

View the "Extremely Well-Presented Public House In Wells For Sale " below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Extremely Well-Presented Public House In Wells For Sale

Wells, Somerset, England

  • Leasehold Price: £49,950  Price Reduced arrow_drop_down
  • Annual Turnover: £282,443
  • Annual Net Profit: £50,000
Seller Reference: 4780
Request DetailsEmail email
Business Description
 
 
 
 
 
 
 
 
Image 1 of 8 video_library
Seller Reference: 4780
Request Details
Business Description
THE PROPERTY
The Full Moon is an attractive stone built mid-terrace property with origins believed to date back to the 16th Century. The property has been refurbished to a high standard in recent years, including rewiring, re-plumbing, installation of a new bar area, new kitchen, new flooring, and a new inventory of fixtures and fittings. Consequently, the property is well presented throughout and offers incoming operators the opportunity to move in and start trading. The property briefly comprises: - character Main Bar with feature open fireplace comfortably seating 18 plus standing room, Lounge Bar with solid oak flooring, comfortably seating 12, character Snug Area with feature open fireplace, comfortably seating 10, Upper Snug Area comfortably seating 16; Kitchen and spacious family sized accommodation offering 2/3 Bedrooms, Sitting Room, Bathroom and separate WC. Externally, and a real feature of this property, is a large and attractive Enclosed Rear Garden incorporating a brick paved Patio Area with seating for 36, a covered Pool Table Area and Smoking Shelter with seating for 14, a large Lawned Trade Garden with seating for 60+ and an Owner's Private Garden Area.

SITUATION
The Full Moon is situated on the edge of the city of Wells, renowned for being the smallest city in England. Wells has a population in excess of 10,000 and is an historic city which boasts a magnificent Cathedral surrounded by well respected private schooling. Wells is situated on the slopes of the Mendip Hills and attracts large numbers of visitors and tourists and there is also easy access to the nearby attractions which include Cheddar Gorge (9 miles), Glastonbury (6 miles), Wookey Hole (2 miles) and the larger cities of Bristol and Bath (21 miles).

INTERNAL DETAILS
Entrance door to front into Entrance Vestibule with doors into lounge bar and main bar. Main Bar a well-presented character room with solid wood flooring, painted ceiling beams, feature open fireplace with exposed stone surround and inset wood burning stove darts oche, wall mounted big screen television, wall mounted menu boards, wall mounted juke box, fruit machine, free standing wooden tables, chairs, low stools, bar stools, comfortably seating 18 customers plus additional standing room. Solid oak fronted and polished ash topped Bar Servery fitted with associated back bar fittings and optics, Altro flooring, glasswasher, stainless steel sink unit, stainless steel wash hand basin, EPOS cash register, 2 glass fronted bottle fridges (one triple door and one double door). Lounge Bar Area with solid Oak flooring, part exposed stone walls, wall mounted menu boards, solid oak fronted and polished ash topped return Bar Servery, seating for approximately 12 customers plus standing room. Door to rear gardens. Open plan into: - Snug Area a character trade area with carpeted flooring, part exposed stone walls, feature open fireplace with exposed stone surround and inset wood burning stove, painted ceiling timbers, range of freestanding comfortable sofas, tables, chairs and upholstered window seating for approximately 10 customers. Steps up into Upper Snug Area with solid wood flooring, part wooden panelled walls, wall mounted large screen colour television, range of freestanding wooden tables, chairs, stools and upholstered bench seating for 16 plus customers. Kitchen with Altro flooring and part tiled walls, fitted with a range of modern commercial catering kitchen to include; extraction system, gas range with oven, solid topped griddle, twin deep fat fryer, wall mounted cupboards, 2 commercial microwave ovens, stainless steel hand basin, stainless steel workbenches with shelving below. Utility/Store Room with Altro flooring, chest freezer, upright fridge, stainless steel shelving units. Door to rear garden. Ladies & Gents WCs Beer Cellar temperature controlled on the ground floor.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

PRIVATE ACCOMMODATION
Arranged on the first floor is the family sized owner's accommodation which briefly comprises: - Dining Room with aspect to front and Kitchenette Area, with exposed painted ceiling timbers and part exposed brickwork. Sitting Room/Bedroom 3 with aspect to front and exposed painted ceiling timbers (currently this room is open plan and a partition wall could be reinstated to create a double bedroom). Bedroom 1 a double room with aspect to front and painted exposed ceiling timbers. Bedroom 2 a double room with aspect to front, walk in cupboard and painted exposed ceiling timbers. Bathroom. Separate WC.

EXTERNAL DETAILS
To the rear of the property is a large Enclosed Walled Trade Garden which briefly comprises: - a brick paved Courtyard Area with level Trade Patio Area and bench seating for approximately 36 customers. Covered Pool Table Area and Smoking Area with light and heaters with seating for 14 customers. Wood Store, Bin Store Area, large Wooden Storage Shed, Covered Store Area to rear cellar. Large Enclosed Lawned Beer Garden with flowerbed borders and mature trees and bench style seating for 60 plus customers. Beyond this is a further area which is currently an Owner's Private Garden Area.

THE BUSINESS
The Full Moon is a popular and well-presented public house just off the city centre with a strong established and regular clientele which also gets a boost from tourists visiting the city of Wells and the area in general year-round. Our client purchased the pub in 2013 and have traded as a traditional wet led public house. The pub is open all day for wet sales only and the Full Moon hosts regular open mic nights and shows Sky and BT Sports. No advertising or marketing has been undertaken although the pub does have its own Facebook page. We are advised that the current trade is 100% wet sales only.

TRADING INFORMATION
Accounts for the year ending 5th April 2018 show sales of £282,443 excluding VAT with net profits in excess of £50,000 being generated.

Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The current opening hours are from 11.00am until 11.00pm Monday to Thursday, 11.00am until midnight Friday and Saturday and midday until 10.30pm on Sundays.

CURRENT STAFFING
The business is run by one full time member of staff and 3 part time members of staff with the proprietor not work in the business.

POTENTIAL
Our client advises us that there is potential to develop all aspects of the trade still further, particularly by a more proactive advertising and marketing campaign, including developing a website and especially by developing the food side of the business, which has not been exploited. Unusually for a city centre public house, The Full Moon boasts a large private enclosed beer garden which can seat over 100 customers and there is an opportunity to exploit and utilise this to a greater degree by arranging family fun days, beer festivals etc. The Full Moon represents an excellent opportunity to purchase a thriving wet led freehouse with family sized accommodation and potential to develop all aspects of the business still further.

EPC
D - 87.

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk.

SERVICES
All mains services are connected to the subject property.

PRICE & TENURE
£49,950 for the valuable FREE OF TIE leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

The Full Moon is held on the remainder of a 10 year FREE OF TIE lease which commenced in August 2013 with a current rent of £28,000 plus VAT per annum. Rent reviews are every 3 years. We are advised that the lease is fully protected and renewable at the end of the current term. Full details available upon request.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262. Email:info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.

Trading hours:
The current opening hours are from 11.00am until 11.00pm Monday to Thursday, 11.00am until midnight
Number of employees:
4
Tenure:
Leasehold
Is accommodation included?:
2/3 Bedroom owner's
Number of bedrooms:
2/3
Location Details:
The Full Moon is situated on the edge of the city of Wells, renowned for being the smallest city in England. Wells has a population in excess of 10,000 and is an historic city which boasts a magnificent Cathedral surrounded by well respected private schooling. Wells is situated on the slopes of the Mendip Hills and attracts large numbers of visitors and tourists and there is also easy access to the nearby attractions which include Cheddar Gorge (9 miles), Glastonbury (6 miles), Wookey Hole
Leasehold Term:
The Full Moon is held on the remainder of a 10 year FREE OF TIE lease which commenced in August 2013 with a current rent of £28,000 plus VAT per annum. Rent reviews are every 3 years. We are advised that the lease is fully protected and renewable
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Note: Please select your full postcode from address menu

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder image
loder image