Renovated 17th Century Coaching Inn For Sale

Business description

A RARE FREEHOLD 17TH CENTURY COACHING INN LOCATED ON HIGH STREET OF LICOLNSHIRE MARKET TOWN OF HOLBEACH

> Robust sales foundation of £194,634 inc vat with 50% GP and lots of further opportunity for growth from 3 income streams
> Relaxing 2 sectioned bar , Restaurant & 5 en-suite guest bedrooms
> Enclosed courtyard with garden facility & “al fresco” dining
> Owners 1st floor flat
> Vibrant Historic Market Town with 5,000 population
> Fully refurbished and an excellent corporate buy or private investment/operator


QUALITY FAVOURED “WATERING HOLE” OFFERED AT A MOST REALISTIC ASKING PRICE OF £375,000 FREEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.



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LOCATION (PE12 7RL)
The property is situated in HOLBEACH with a prominent location just off the High Street, in this charming historic Lincolnshire town, just off the A17, and close to Spalding, Peterborough and Kings Lynn. Holbeach offers the usual range of amenities associated with a vibrant market town, and enjoys a local population of approximately 5,000.


PROPERTY DESCRIPTION
‘The String’, is a traditional coaching Inn, dating back to the 17th C but benefitting from a refurbishment in 2000. It now offers a relaxing bar area, El Ghekko Restaurant and 5 en-suite Letting Bedrooms. In addition, an enclosed courtyard garden facilitates al fresco dining, or a summer evening’s drink. Bar – A two section bar, incorporating a pool room.
Restaurant – El Ghekko boasts over 30 covers, serving Mexican food.
Ladies & Gents WC’s
Ancillary Areas – A fully fitted kitchen, storeroom’s and a cellar.

LETTING ACCOMMODATION
5 Well appointed letting guest bedrooms all en-suite

OWNERS ACCOMMODATION
Owners 1st Floor Flat.

EXTERNALS
Enclosed courtyard with garden area well suited for “al fresco” dining

PREMISES LICENSES
12-2pm and 6-12pm 7 days per week.
A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses

TENURE
We are instructed to offer this business as totally FREEHOLD

SERVICES
We are advised that all mains services are connected to the property with business rates of : £ 13,750

THE BUSINESS
The String has a reliable steady business, with ample opportunity to grow it further, building on the 3 established strands of the business. Combined Turnover for Y/E April 2007 is £194,634 inc vat with a GP of 50%. Full details will be made available to genuinely interested parties, who have formally viewed. Unbridled opportunity to grow business from strong trading foundation.


THIS IS A RARE OPPORTUINTY TO PURCHASE AN ESTABLISHED FREEHOUSE BUSINESS WITH A STRONG TRADING FOUNDATION TO BUILD ON – A MUST FOR A VIEWING EARLY

Property information

Property:

Freehold