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Exceptional Public House&Restaurant-East Riding Of Yorkshire For Lease

Bridlington, East Riding of Yorkshire
Asking Price:
£180,000
Sales Revenue:
£390,000
Cash Flow:
Available on request

EXCEPTIONAL PUBLIC HOUSE AND RESTAURANT - EAST RIDING OF YORKSHIRE
Long established and highly regarded business
Early viewing is essential to fully appreciate
Situated in the beautiful village of Sewerby
Well appointed and presented throughout
High amount of regular & repeat trade
3 bedroom owners' accommodation
Advised annual turnover of £390,000
Ideal partnership opportunity
LEASEHOLD


Location

This superb public house is located in the much sought after village of Sewerby only a couple of miles from the centre of Bridlington. Sewerby Village is centred by Sewerby Hall and its grounds, cliff walking areas to Danes Dyke and Lime Kilns Bridlington with superb views over Bridlington Bay. Bridlington is a popular coastal town in the East Riding Of Yorkshire. It is well known as a popular tourist destination. Bridlington is reached easily via the main A164 and A165 roads and is within a short distance of both Hull and Scarborough. The town is also served by Bridlington Railway Station which is on the Yorkshire Coastline.


Business History

Meridian Business Sales are delighted to offer for sale this traditional public house which has been established since circa 1834 and has been in the careful hands of our clients for around 8 years. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Our clients inform us that annual turnover currently runs at £390,000 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 menu. 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 a true lifestyle business in one of the most desirable areas in the UK and as such early viewing is highly recommended as this superb business is not to be missed.


Financial Profile

Turnover: £390,000pa
Gross profit: £220,500pa


Tenure

Leasehold
Original length: 20 years as of 2014
Remaining: Until 2034
Rent: £31,000pa (fixed until 2017)

Opening Hours

Monday: 11:30am - 11:00pm
Tuesday: 11:30am - 11:00pm
Wednesday: 11:30am - 11:00pm
Thursday: 11:30am - 12:00pm
Friday: 11:30am - 12:00pm
Saturday: 11:30am - 12:00pm
Sunday: 11:30am - 11:00pm


Accommodation

Prominent detached character property, briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Open plan bar area
Perimeter seating
Fitted bar servery with stool seating

Games room
darts board
Pool table
seating space

Two dining rooms
Ample dining tables and chairs for approximately 80 covers

Ladies & gents toilet facilities

Access to cellar

FIRST FLOOR
2 double bedrooms
Lounge
Fully fitted kitchen
Bathroom

SECOND FLOOR
Double bedroom
2x offices
Store room

EXTERNAL
Parking area
2x garages
Log store
Childrens play area
Summer garden with seating and sheltered area
Outside dining for approximately 162 covers
Ground rented by campervans with ice cream, burger & hotdog vendor

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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