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Busy Torquay Pub With 6 Bed HMO Licence For Lease

Torquay, Devon
Asking Price:
£100,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£250,000
Net Profit:
£80,000

Pub in the centre of Torquay town current turnover £250,000 pa gross profit £80,000 pa
+ 6 letting rooms licenced currently £600 per week 9 other rooms used by management and family but scope for more income
+ fully equipped kitchen with 5 star hygiene certificate. not utilized currently but huge scope
very busy daytime trade locals pub scope to increase easily by adding sports or night-time entertainment
new renewable lease available for whatever term you desire

Property Information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

rent payable monthly £2800 per month landlord happy to agree renewable lease any term required

Leasehold Rent:

33,000 inc vat per annum

Living Accommodation:

15 rooms detailed above

Location:

prime town centre location opposite busy shopping centre and market viewing is a must

Premises Details:

4 floor property ground bar kitchen back area side smoking area storage areas steps down to cellar
1st floor accommodation 5 beds kitchen 2 x wc 7 x shower.2nd floor 5 beds 1 x wc 1 x shower 3rd floor 4 beds 1 bath shower and wc

Size in square feet:
300 ground floor 700 above
Planning Consent:

licenced bar licenced hmo

Business Operation

Expansion Potential:

plenty of scope to increase evening trade by adding food sports or entertainment and to accommodation many language schools locally could simply quadruple accommodation income not too much extra work mainly laundry

Competition / Market:

the business is now fully functional has all necessary facilities excellent local trade but is profitable for owner operator

Reasons for selling:

partial retirement also i have 3 uncompleted villas abroad which i need time to finish

Trading hours:

licenced from 10am until midnight every day

Employees:
5 part time 2 full time
Years established:
eight in present form but pub hotel since victorian era

Other Information

Support & training:

can give names of suppliers and all training or comlience and licencing

Financing available:

many options available

Furniture / Fixtures value:
£130,000 - included in the asking price
Inventory / Stock value:
£20,000 - included in the asking price

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