High Trading All Wet Driven Market Town Freehouse For Sale

Business description

Outstanding freehouse pub business sitting on market square of historic medieval atherstone north warwickshire

> Vibrant 100% Wet trade of £380,000 inc vat with £450,000 + opportunity
> Beamed lounge (28+) locals bar with sports (28+)
> Sits upon “Church Street” and anchient cobbled market square
> Only beer garden (100) in town centre along with enclosed patio terrace (60+)
> Spacious 3 bed roomed owners accommodation
> New 10 year Free of Tie , non property repairing private lease

A strong successful business with further potential offered as a free of tie lease at £80,000 to inc fixtures & fittings, goodwill plus s.a.v.

LOCATION (CV9 1HA)
The medieval market town of ATHERSTONE lies within NORTH WARWICKSHIRE on the A5 linked to the M42, M6, M5, M1. Formally the Roman Road of Watling Street a Roman Settlement was located on the spot with a dateline going back to at least 60 AD. Located on CHURCH STREET which also acts as the Market Square, there has been a hostelry on the site since the construction of St Mary’s Church, which itself dates back as far as the 12th Century. On Shrove Tuesday of each year, going back 800 years, the world famous Shrovetide Ball Game is played with thousands of players and observers crowding the towns streets. The square is used over several week days for an open market along with special events such as the car show with several hundred car enthusiasts showing off their prized vehicles along with many thousands of spectators. The locale is also famed for its association with The Battle of Bosworth in 1485 where Henry Tudor and King Richard 3rd battled out the future of England. Today this prosperous quintessentially English Market Town has a population of 8,500 and the district a population of 60,000. Its excellent road connections makes the town a popular dormitory location for the West Midlands providing an interesting backdrop for lifestyle and above average educational facilities. Immediately to the rear of the pub there are 97 new private residential properties under construction

PROPERTY DESCRIPTION
Holding a commanding corner position on Church Street and the Market Square within the old centre of the town with St Marys Church setting off the “pretty as a picture” visage, the property is believed to be many centuries in age and is of half timber “black & white” construction of clad & washed brick and stone under pitched roofs. Pavement length windows and high level flower troughs provide a simplistic “chocolate box” appearance to the property. The FRONT LOCALS BAR (26+) has support and ceiling beams, hard wearing tiled floors, loose furnishings and a real fire set into a beamed fire place. A pool table and gaming machines are positioned within the area. LOUNGE BAR (26+) is furnished to a softer finish with a fitted carpet and sofas to oval tables. CENTRAL BAR SERVERY is of T&G timber construction with a full range of hand pulls and bright beer pumps. CATERING KITCHEN, located behind the bar servery has fully clad S/S walls, refrigeration and a cooker (unused at present for catering) and is well suited for lite- bites and basket type meals (possibly Tapas?). BEER CELLAR is set deep and is fully chilled. LADIES & GENTS toilet facilities are provided internally.
OWNERS ACCOMMODATION
To the 1st floor there are 3 double bedrooms, lounge, bathroom, kitchen and office space
EXTERNALS
Sitting on The Market Square there is direct access into the front of the pub or to its side along a smashing terrace style patio which is covered for all year round use with a capacity of circa 60+ on timber benches and standing. The beer garden is the only one available within the town centre and holds around 100 people.

PREMISES LICENSES
The premises license allows openings of 10.00hrs till 02.30hrs all week. The business opens 10.00hrs till 23.00hrs Mon/Tues/Weds/Thurs then 10.00 till 00.30hrs Friday & Saturday and 12 noon till 23.00hrs Sunday. A Personal License will be required and our training associates can assist with this for you.


TENURE
We are instructed to offer the business for sale as NEW FREE of TIE LEASE of 10 years from a private owner. The property will have a repair responsibility of internal items only and no structural responsibility. Rent will commence as £850 per week reviewed on a 3 year cycle. A rent deposit will be required by negotiation with rent being paid monthly in advance.


SERVICES
We are advised that the pub benefits from all mains connected , with heating by GAS. Business rates payable are £3,200.
THE BUSINESS
Our client has run the business themselves for the past 7 years and are in the process of tidying up their affairs prior to moving to warmer climes. The sales of the business are expected to come in at £380,000 inc vat 100% wet driven this year and has historically provided our client with a handsome return and living. They do not live on the premises which will provide a new owner extra opportunity to live out of the business and be able to have a more focused approach to the business sales and its expenses. Any new operator should be able to grow existing wet sales and introduce some appropriate easy food offer and grow sales up to and possibly beyond £450,000 pa.
An ideal purchase for those looking for a high turnover & profitable pub within a charming busy locale– a must to view early

Property information

Property:

Leasehold