Restaurants for sale in Bishop Auckland

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Adam Warren (Jan 2017)
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Freehold Price: £350,000 Annual Turnover: £258,000
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Business Description
Advised annual turnover currently runs at £258,000
Situated in the quaint village of Escomb
3 bedroom owners' accommodation
Early viewing highly recommended
Scope for further development
Ideal partnership opportunity
Genuine reason for sale

Business History

Meridian Business Sales are delighted to offer for sale this superb public house which has been established for many centuries and has been in the careful hands of our clients for the last 14 years. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since our clients took ownership of the business they have invested time and money in the business and premises to the point where it is in full walk in condition. Our clients inform us that annual turnover currently runs at £258,000 which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks as well as offering a popular hot & cold food menu. The business trades completely free of any brewery tie which is a rarity and as such the profit margins are above industry standards. 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 this superb business is not to be missed.
Trading Hours:
Monday - Friday: 12:00pm - 2:00pm // 5:30pm - 11:00pm Saturday - Sunday: 12:00pm - 11:00pm

Tenure: Freehold

Accommodation Details:
Well presented detached character property, briefly comprising: GROUND FLOOR Secure entrance leading to: Public bar and games room Open plan lounge Fitted central bar servery Ample dining tables & chairs for approximately 70 covers Fully fitted kitchen Ladies & gents toilet facilities - newly refurbished Access to beer cellar FIRST FLOOR 3x double bedrooms Lounge Fully fitted kitchen Dining room Bathroom EXTERNAL Parking for approximately 14 vehicles Patio area Garden Planning permission has been granted for 10 en-suite bedrooms, which due to commence in easter next year

Location Details:
The business is located in the village of Escomb just outside the town of Bishop Auckland in County Durham. It is surrounded by a wealth of commercial and residential properties generating a high amount of passing trade. The public house is situated close to the oldest Saxon church in the UK which attracts a high amount of visitors each year. It is within easy reach of the local train station and is located close to the main bus route providing easy access. Bishop Auckland is a civil parish and market town in the northeast of England, it is situated approximately 12 miles northwest of Darlington and 12 miles southwest of Durham. Bishop Auckland is reached easily and is served well by both road and rail links, the A66, A68 and A689 provide easy access whilst the A1 provides further access to the UK's wider motorway network.

Listed by: Meridian Business Sales Limited
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