Pub & Hotel With Accommodation - Clitheroe

Established Over 200 Years
Same Owner Past 18 Years
**Annual Accounts November**
Projected Annual Turnover (2019/2020) £470,000
Projected Gross Profit (2019/2020) £285,000
Recently Refurbished Inside and Outside
6 Rooms Available
Function Room For Private Events
6 Parking Spaces
3 Bedroom Owner Accommodation
Retirement Sale
EPC - D
REF 6491 – Leasehold Pub & Hotel With Accommodation

Blacks Brokers are pleased to bring to the market this leasehold pub and hotel with accommodation located in a much sought after area of Clitheroe, Lancashire.

INTRODUCTION

Swan & Royal Hotel was established over 200 years ago with our client in ownership since 2002 and is steeped in history having been frequented by the likes of Winston Churchill, Ghandi and many others in years gone by. The hotel boasts six letting rooms and the pub offers a warm and friendly environment and caters a wide variety of food including grills and fish along with traditional pub grub, kids and vegetarian options. The business can also cater for private business events, celebrations and weddings that are held in the property’s spacious function room. Our client has established an excellent reputation and a large repeat customer base with excellent online reviews notes on Trip Advisor and Laterooms.

LOCATION

This fantastic hotel and pub is situated in Lancashire's densely populated town of Clitheroe and is positioned in the centre of the main street running through the town therefore benefits from a large amount of passing trade. The area is well linked by the M65 and A59, public transport links are good and parking is available within the pub car park.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator and is only available due to our client’s forthcoming retirement. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is twenty years with rent reviews every five. The current lease began in 2002 at a cost of £826 per week.

BUILDING LAYOUT AND DESIGN

This stunning property dates back to the 1830’s and was formerly a coaching inn. In 2011 our client completed a full refurbishment, and whilst the business was modernised, the traditional features and feel have remained. The business is well branded with large signage displayed to all sides of the black and white exterior. Inside, the pub operates within the ground floor, with the hotel offering two double-sized suites with fully fitted en-suite facilities, two family sized suites both with fully fitted en-suite facilities, two single-sized suites with fully fitted en-suite facilities all within the first floor. Finally, the large, three bedroom owners accommodation sits within the second floor. All areas are immaculately presented and carefully finished with good quality fixtures, fittings and equipment.

STAFF

The business is currently operating with fifteen members of staff in employment supporting our client working on a full time basis. The staff are experienced and reliable, offering a reassurance that the momentum of this business will continue under new management.

FINANCIAL DETAILS

Swan & Royal Hotel has traded solidly since opening. We are advised that the business currently has a Projected Annual Turnover (2019/2020) £470,000
Projected Gross Profit (2019/2020) £285,000. Full financial details are available upon viewing. Year End Accounts November.

BUSINESS RATES

The rateable value is £35,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies an enviable trading position and has gained a large base of regular customers from the local area. The pub has an excellent relationship with Marsons brewery. There is plenty of scope to develop the business further with the introduction of new opening days and hours to include breakfast, a strong marketing drive and additional use of the function room for more events and weddings. Early viewings are strongly advised. Fixtures:
CCTV

Kitchen Worktops Storage Units

Food Preparation Appliances

Fully Equipped Preparation And Wash Area

All Rooms Are Accommodated With Good Quality Furniture; Flat Screen Tvs; Wi-Fi Access & Freeview.