Public Houses for sale in Workington

View the "WELL KNOWN FREE OF TIE PUBLIC HOUSE BUSINESS ON MAIN TOWN CENTRE NIGHT LIFE CIRCUIT" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Freehold Price: £375000
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Business Description
DESCRIPTION
Originally converted from residential buildings the premises have been substantially extended over time to accommodate seating in split-level areas with multiple bar access points and dance floor. A commercial kitchen is located at the rear along with toilet facilities.

The upper parts of the property have been converted into 2 flats along with staff-rooms. These are currently let to employees working within the business.

The original buildings are of traditional brick construction under a pitch and slate-covered roof with elements of traditional stonework. The property extends over 2 levels and slopes upwards from the front to the rear with a small open yard area accessible from Upper Jane Street.

BUSINESS
The existing business has been trading now for over 30 years, being established by the current owners who are now looking to retire. Despite being predominantly wet trade-led, traditional pub food is also available during the day. A popular venue for watching regular sporting events, there are multiple TVs positioned around the main seating areas providing non-stop entertainment.

The business is licensed to open 7 days a week between 1000-0230 hours but only currently opens from 5pm Tuesday - Sunday extending to full day opening hours on Friday, Saturday and Sunday into late evenings/early mornings.

The business employs approximately 20 people, the vast majority of which are part-time. The current owners do not work in the business and run this as an investment in a managerial capacity only.

Financial accounts are available to bone fide interested parties upon viewing the property and show a steady turnover in recent years due to its loyal following and excellent location.

TENURE
Freehold subject to Assured Shorthold Tenancy Agreements for the two flats.

UNDER NO CIRCUMSTANCES MUST ANY DIRECT APPROACH BE MADE TO THE OWNERS OR TO ANY OF THE EXISTING STAFF ON THE PREMISES.
Trading Hours:
The business is licensed to open 7 days a week between 1000-0230 hours but only currently opens from 5pm Tuesday - Sunday extending to full day opening hours on Friday, Saturday and Sunday into late evenings/early mornings.

Number of Employees: 10-30

Tenure: Freehold

Location Details:
The property is prominently located in Washington Street in central Workington at its intersection with Jane Street and Upper Jane Street. There is an extensive return frontage along Upper Jane Street which incorporates buildings comprising Nos 7, 9 and 13.

Adjacent occupiers include Padua’s Bar, The Well and Flavour Restaurant. The Washington Central Hotel is situated immediately opposite and the property sits well in the heart of the night-time circuit for the town which extends north along Upper Jane Street to Market Place and beyond.

Downloadable Documents

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PAX01241559206
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