Well Located Sheerness Freehold Public House For Sale

Business description

This well known and respected freehold public house has been in business since the early 1800’s and is ideally located in the busy town centre of this well known seaside town, located in the County of Kent, the garden of England. It is in an area of the town close to the waterfront and other leading bars and restaurants. The pub is well known locally and has a reputation for its friendly service and wide choice of beers. Because of this it has a wide ranging and loyal clientele, both young and old.

The business trades with weekly sales averaging £2,000, this being 100% wet. In our opinion there is a huge opportunity to develop the wet business further and by going into food sales, as the area is seeing increasing tourist activity, due to the resurgence of home based holidays and this business is ideally located to take advantage of this.

This freehold property is in excellent order throughout having been extensively refurbished recently, including all new boilers and showers, as well as re-wired throughout. It has a total of 6 double bedrooms, offering further opportunity to let some of the rooms on a B&B basis. There would be no problem letting rooms on this area as there is a general shortage of B&B’s in the area, particularly in the town centre.

In our opinion this well liked pub represents a real opportunity for any potential investor or new enthusiastic owner operator to make good profits from this already well established business. The current owner purchased the business as a run down business in 2007 and has re-furbished and re-built the business since, but unfortunately his unexpected family commitments means he must reluctantly sell the business at this time.

Customer Service:

The business has established a good local reputation, (mainly by word of mouth), for offering the best value for money with a friendly service. Staff pay strict attention to cleanliness and hygiene and are always polite and friendly, which has led to repeat business and customer loyalty.

Key Strengths:

As a freehold pub this business is completely free of tie, seeking out the best deals and best buys every time they order, giving them a huge strength in an area where all other pubs are tied. Beer, wine and alcohol prices here are what the landlord chooses, not what the supplier chooses!

The business is ideally situated in a prime position close to all major facilities within the town centre. The owner has built up a strong base on which to grow and there is a huge opportunity to market and advertise in the local sector in order to cater for the many tourists as well as the local trade.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Having purchased the bsuiness at the end of 2007 as being run down the current owner has re-furbished the premises and effectively re-built a new business in the existing premises and has already achieved a weekly sales figure of £2,000, wet only. As well as increasing this figure, there is also huge scope to grow the business on both the food side and the B&B side, both of which could produce similar weekly incomes to what is currently being achieved.

Property information

Property:

Freehold

Location:

Freehold site situated in the High Street of this busy seaside town. The bar areas are located downstairs and offer the potential of being a restaurant or pub restaurant. To the rear there is a large licensed function hall and should the bars be converted to a restaurant this space would certainly lend itself to being converted to a commercial kitchen with storage area. There are a further two floors above with 6 double bedrooms and a large living room that has been converted into a beauty salon for the current owners use. The rear garden has recently been fully decked and there is also a massive pay and display car park at the rear of the premises, convenient for deliveries and customers.

Other information

Expansion potential:

The current market for tourism in this part of England as well as the country in general is seeing a large upsurge in holiday business and this is not only growing but is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

Much of the business's revenue is a result of word of mouth recommendation and location, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently no advertising the owner is aware that a more active sales and marketing campaign, including producing a website, would certainly improve sales and profitability and will increase its market exposure and revenues.

Support & training:

The owner will provide a handover period and is happy to provide ongoing support thereafter.

Reasons for selling:

Due to unexpected family commitments the owner now finds himself in a position where he reluctantly needs to sell this lucrative looking business, far earlier than he had anticipated.

Trading hours:

The pub is licensed to open from 10.00 am to 3.00 am but currently trades from 10.30 am to 11.00 pm, closing at 10.30 on Sunday.