Advised annual turnover of £620,000 with 55% gross profit
Leasehold option available at £199,950 (rent £50,000pa)
6 bedroom owner or staff accommodation
Beautifully presented throughout
Popular 70-80 cover restaurant
Separate function outbuilding
Walk-in and trade business
Meridian Business Sales are delighted to offer to the market this free of tie public house which has been established circa 1700’s and in the careful hands of our clients since 2009. The only reason this superb opportunity is being offered to the market, is due to our clients’ desire for a lifestyle change.
Since our client(s) took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients advise us that annual turnover currently runs at £620,000 with a gross profit margin of 55% which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks and a popular hot & cold food menu. The business currently employs 20 members of staff meaning that profits could be increased if a hands on owner operator was to take over the business. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
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