Quality Leasehold Pub Restaurant Located South West For Sale

Business description

Exciting opportunity to acquire a nil premium leasehold pub/restaurant tied with one of the countries largest pub operators. The business is situated in a prime trading position and boasts a good reputation for food. It also has a strong local trade with sales averaging approximately £6,000 per week.
Further to this there is a family friendly beer garden, large car park and good quality 3-4 bed accommodation above.

Property information

Property:

Leasehold

Lease terms:

New secure lease with initial rent of £31,500 per annum - tied to major pub company - term & review schedule subject to negotiation.

Living accommodation:

3-4 bedroom accommodation is situated above the business. This has been well maintained by the vendors and is presented to a good standard.

Location:

Close to other main shops and businesses within bustling Devon village.

Other information

Expansion potential:

Potential to expand the food trade and possibly convert outbuilding/brick barn (subject to building regs & PP)to introduce B&B letting rooms.

Competition / Market:

One other wet led pub in village.

Reasons for selling:

Genuine retirement sale.

Furniture / Fixtures value:

£20,000