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Well Established Public House In Northumberland For Sale

Prudhoe, Northumberland
Asking Price:
£235,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

WELL ESTABLISHED PUBLIC HOUSE - NORTHUMBERLAND
Situated in the desirable town of Prudhoe
High amount of regular and repeat trade
Scope to further develop the business
Well equipped throughout
Ideal for a first time buyer
Genuine reason for sale
Walk in condition
FREEHOLD

Business History
Meridian Business Sales are delighted to offer to the market this brilliant public house which has been established since 1872 and in the careful hands of our clients since 1998. The only reason this ideal business is being offered to the market is due to our clients desire to take a well deserved retirement.

Since our clients took ownership of the business they have invested time and money into the business and premises to the point where it is in full walk in condition.

Our clients inform us that they currently generate a respectable annual turnover which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks.

The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade.

The business has been run at a pace to suit our clients lifestyle meaning that there is scope for a future purchaser to further develop the business by introducing a range of meals such as breakfast, lunch and evening meals.

The business is very well presented throughout and is being sold with all fixtures and fittings included in the sale price (apart from our clients personal belongings) which is a huge plus for a new owner as additional funds will not need to be spent on modernising for many years.

Due to the excellent location of the business it enjoys a large daily passing trade and high footfall and customers are further attracted by the welcoming customer service.

This is a fantastic opportunity to purchase a true lifestyle business which is a great base to build upon and as such early viewing is highly recommended as businesses of this caliber rarely stay on the market for long.

Trading Hours:

Monday: 10:00am - 12:00am
Tuesday: 10:00am - 12:00am
Wednesday: 10:00am - 12:00am
Thursday: 10:00am - 12:00am
Friday: 10:00am - 01:00am
Saturday: 10:00am - 01:00am
Sunday: 10:00am - 12:00am

Location Details:
This superb public house is situated in the desirable town of Prudhoe, Northumberland. The business is surrounded by residential properties, visitor attractions, leisure facilities and much more deriving much of the businesses trade. The town is south of the River Tyne, about 11 miles west of the city of Newcastle upon Tyne. The town is sited on a steep, north-facing hill in the Tyne valley and nearby settlements include Ovingham, Ovington, Wylam, Stocksfield, Crawcrook, Hedley on the Hill and Mickley. Prudhoe is easily reached via the A695 and the B6395 making commuting easy for anyone who wishes to visit.

Property information

Property:

Freehold

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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