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Free Of Tie Pub With Restaurant Leamington Spa For Sale

Warwickshire
Asking Price:
£24,950 Furniture / Fixtures included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Veritas Business Sales are delighted to offer for sale this outstanding Public House & Restaurant which is located in the highly desirable and affluent town of Royal Leamington Spa. The property has been a watering hole for over 100 years and has been in the hands of the current owners for the past 8 months and is now being offered for sale so that they can work towards semi-retirement. Since ownership they have totally refurbished, redecorated and there has been considerable investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price, which is a huge plus for a new owner as additional funds will not need to spent for some time. What’s on offer is a new FRI lease, free of tie to include all fixtures & fittings. The Wheatsheaf has literally just opened its doors after the refit and is trading. Turnover can be discussed on application but no accounting information will be provided. We believe that the business would flourish from an experienced food based operator to take this to the next level. This is a superb opportunity to purchase a fully fitted and ready to trade pub & restaurant with further potential which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Property information

Property:

Leasehold

Lease Terms:

New lease available
Rent: £30,000 plus VAT pa
Business rates: zero

Leasehold Rent:

£30,000 per annum

Location:

This respected Public House & Restaurant is located in Royal Leamington Spa. The business sits within a prominent and highly visible trading position on a busy main road which gives easy access to the town centre. The immediate area is densely populated with residential properties and has a high student population, also nearby you have an industrial estate. Directly outside the business you are on a bus route and Leamington train station is at the end of the road. The town offers an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons. That’s why it’s  one of the most appealing towns in the UK.

Premises Details:

Ground Floor
Vestibule entrance.
Hallway
Gents W/C with urinal, wash basin and wall mounted hand dryer.
Ladies W/C with wash basin and wall mounted hand dryer.
Bar comprising: bar servery with 2 x 4 beer tap dispenser, soft drinks mixer dispenser, 3 x single beer taps, 1 x hand-pull pump, glass washer (Class EQ) ice machine (Scotsman),stainless steel wash basin, EPOs till system, shelves for glass storage, 2 x single door drinks coolers, wine cooler, shelving for spirits display, TV 42”, TV 55”, TV 65”, pool table and darts board. The benefits from tiled flooring, 4 copper down lights over the bar and 3 sets of 4 ball cluster lights.
Restaurant with tables & chairs to cover (60), 1 x 5 tap beer dispenser, 1 x hand pull pump, sink, 2 door dinks fridge, cash register, TV 55”, 2 feature fireplaces and sound bar.
Vestibule entrance.
Hallway
Gents W/C, 3 x urinals, wash basin, soap dispenser and wall mounted hand dryer.
Ladies 2 x W/C, 2 x wash basins, soap dispenser, wall mounted dryer and cleaning cupboard.
Commercial kitchen comprising: 6 burner range (Falcon), char grill, tandoori oven, extraction canopy, dual deep fat fryer, stainless steel commercial sink drainer, stainless steel wash basin, stainless steel work table, 2 metal storage racks, commercial microwave (Samsung), salamander grill (Lincat), upright fridge (Zanussi), upright freezer and upright fridge freezer.
Storeroom with water tank.

Cellar (Below ground)
3 x cellar rooms

External
Rear patio & garden with 2 picnic tables, electric retractable cover, 2 halogen lights and stainless steel sink.
Side smoking area with 3 x picnic tables.
Front car park for (10), 3 picnic tables and beer drop.

The property benefits from an intruder alarm and CCTV (16 camera system).

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Thursday – 2.00pm – 11.00pm
Friday & Saturday – midday – midnight
Sunday – midday – 10.00pm

Years established:
100 years

Other Information

Inventory / Stock value:
£2,000

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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