Public House In Cumbria For Sale

Business description

Preferred Commercial is delighted to offer to the market this old established public house, which has been in our client's hands since 2007 and is only now being offered to the market due to a change in circumstances. The pub generates a turnover in the region of £306,000 per annum with a gross profit of 55% on a 35/65 wet/dry split. There is scope to increase turnover further by increasing the number of covers up to 90 and by offering food all day. There is a large beer garden and car park, which could hold marquees for weddings and functions. There are also outbuildings, which have potential to be converted into a takeaway or fish and chip outlet if so desired. The pub also boasts 2-bedroom owner's accommodation, which is fitted to a very high standard. We feel this is an ideal opportunity for anyone looking for a food-led public house with huge potential for the future. Early viewing is highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 20 years
Remaining: 14 years
Review: every 5 years
Rent: £38,948 per annum
Tied on beer & bottles only

Leasehold rent:

£38,948 per annum

Location:

The Galloping Horse Inn is located on Main Road, High Harrington near Workington in Cumbria. The pub occupies a prominent corner site in the centre of the village, surrounded by a popular residential area. Main Road is the A597, a major route between the A595 and Workington, giving much passing trade and a high footfall. The business is well supported in the community and the pub holds a quiz night every Thursday. The pub also has a large car park for in excess of 30 vehicles. The quay and railway station at Harrington are just a mile away from the business and Workington is approximately 3 miles away.

Premises details:

Substantial 2-storey detached public house in a prominent corner position. Briefly comprising:

Ground Floor
• Main entrance
• Lounge bar, fitted bar servery with 8 points of dispense, tables, chairs and perimeter seating, lounge with 20 covers
• Additional side entrance
• Pool room with pool table (owned), games machine, darts throw, jukebox and cigarette machine
• Bar with fitted bar servey and 6 points of dispense, tables and chairs for 42 covers
• Gents WC
• Ladies WC
• Disabled WC
• Commercial kitchen, well-equipped with stainless steel air extraction, 6-burner range and ovens, char grill, 2 double fryers and Bain Marie
• Preparation area/pot washing
• Beer cellar with delivery access

First Floor
• Private accommodation, refurbished to a high standard. Briefly comprising:
• Lounge
• Kitchen and dining area, recently fitted
• 2 double bedrooms
• Bathroom with bath and shower above, wash basin
• WC

External
• Potato store/vegetable prep room with potato rumblers
• Double garage
• Large beer garden
• Car park to side with space for approximately 30 vehicles

Other information

Trading hours:

Bar
Mon - Sat: 11.30am - 11.30pm
Sun: 11.30am - 11.00pm

Food
Mon - Fri: 11.30am - 2.30pm & 5.30pm - 9.00pm
Sat - Sun: 11.30am - 9.00pm