• Popular Freehouse
• located in sought after Somerset town
• Well-presented throughout
• 2 letting rooms
• Healthy turnover and profits with scope to improve
• Excellent local reputation
• 2 bedroom owners living accommodation
• Desirable town centre trading position
• Good mix of complementary businesses nearby
Falcon Commercial is delighted to offer for sale this well-presented Public House which occupies a prime trading position on one of the main shopping streets in this popular Somerset town. It has been under the proud ownership of our clients since 2004. It is now reluctantly being placed on the market as the owner wishes to retire.
During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, good food and great service.
This extremely well presented turnkey Public House enjoys a central town centre trading position on a busy shopping thoroughfare with good pedestrian flow. Customers are attracted to the area by the range of independently owned businesses on offer. This thriving business is mainly operated as a wet led Public House with a simple food offering which is cooked to order. It is considered the premises are suitable for all types of cuisine
The business is run by our client with help from casual staff and generates a turnover in the region of £75,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover by possibly running a modest marketing campaign or by extending the opening hours to include mornings offering breakfasts etc.
This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended
Substantial and well maintained freehold building, benefiting from being in a highly visible position on the main shopping streets in Shepton Mallet. It is surrounded by an excellent mix of complimentary independent owned and multiple businesses.
The premises have been well maintained and are fitted and presented to high trade specifications throughout. These charming premises provide outstanding and highly functional internal business accommodation.
The premises briefly comprise:
• Bar area with wooden faced servery. 15 covers
• Lounge area with approximately 25 covers
• Wash up area
• Dry Store
• Ladies Toilets
• Gents Toilet
• Letting room one (double en-suite)
• Double bedroom
• Double bedroom
• Letting room two (double en-suite)
• Tables and chairs for approximately 8 people
• 6.00pm – 11.00pm Monday
• Mid-day – 11.00pm Tuesday to Thursday
• Mid-day – Midnight Friday and Saturday
• Mid-day – 11.00pm Sunday
• £75,000 Per year
• Wet 88% Food12%
Business rates payable: Nil
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
The business stock value is: £2,000
The business is run by the proprietor with help from casual staff who work on an agreed rota basis.
Commercial Energy Performance rating: TBC
Each party to bear their own legal costs incurred in the transaction.
Accounts will be provided to genuine purchasers after a formal viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, 1 Miltons Yard Axminster EX13 5FE on 01297 598080
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou
The historic market town of Shepton Mallet is located in the Mendip district of Somerset, five miles east of Wells, England's smallest city. Both the City of Bristol and the picturesque City of Bath, a World Heritage Site, are located just 18 miles away and easily accessible. Shepton Mallet itself offers a range of local amenities and shopping facilities including a large supermarket, leisure centre, lido with fitness centre, a choice of pubs and restaurants, dentists and doctors, a Grade I Listed church and both primary and secondary state schools. There are also many highly-regarded independent schools (Prep & Senior) within easy reach, such as All Hallows Prep School, Downside School, Wells Cathedral School and Millfield School. For those travelling by train, Castle Cary station (which has direct services to London Paddington) is situated only six miles away.