Public Houses for sale in Grantham

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Quality FREEHOLD pub in Grantham

Grantham, Lincolnshire, England

  • Freehold Price: £315,000  Price Reduced arrow_drop_down
  • Annual Turnover: £115,000
Seller Reference: BRS511
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Business Description
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Seller Reference: BRS511
Request Details
Business Description
We are instructed on this valuable freehold, free-of-tie opportunity in central Grantham. The Five Bells is a busy 'locals boozer', wet-only at the moment but with exciting potential to add food to the offering. An excellent crowd of loyal regulars bolstered by darts teams almost every evening generates consistent weekly income resulting in a dependable and attractive net income for the owner. Furthermore, there are 4 en-suite lettings rooms detached from the main building which provide additional extra income. In brief, the pub comprises an artfully-decorated entrance corridor with doors leading into both areas of the bar. Bar (side 1) measures approx 25' by 25' bar-side and seats approximately 35 guests in a combination of bar, table and bench seating. Bar side 2 measure approx 27' by 13' and seats another 30 or so guests. There are two darts boards and a pool table installed. Two large wall-mounted TV screens are used to air sports fixtures. The central bar servery has 2 x 4-pump beer dispensers, 2 x real ale pumps and a cider pump. There is a bottle fridge, a hand-wash sink, a general sink and a glass washer. The bar is carpeted and has a mixture of spotlights and standard lamp fittings. To the rear is a catering kitchen measuring 15'6 by 7'5 and fitted with tow large sink units, a 5-ring gas hob and double oven and room for five or do large fridge-freezer units. There are standard ladies and gents WCs and a rear courtyard smoking area. Upstairs there is generous owner or managers accommodation comprising kitchen, lounge-diner, bathroom and three large double bedrooms.

In our opinion, there is significant scope to increase trade. The owner has been in place for 9 years and is ready for a change. Opening hours are 7-days per week but from 7pm - 11pm only. There is no lunchtime opening and no food served. The lettings rooms are only ever three quarters full, but there is scope to keep these fully occupied with contractors on an almost permanent basis.

Financial figures will be shared only after return of an NDA. Overall, this is a rare freehold opportunity and an exciting chance to acquire a business with unusually large and comfortable owner's accommodation. Call now for details.
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