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Busy Town Centre Pub, Restaurant And B&B For Lease

Battle, East Sussex
Asking Price:
£125,000 Furniture / Fixtures included
Turnover:
£400,000
Net Profit:
£250K - £500K

Situated in the centre of the High Street in the old market town of Battle, this busy venue is a 17th century coaching inn consisting of a well patronised bar, restaurant and five Bed & Breakfast rooms, with staff accommodation above.
The town has grown up around Battle Abbey, built by William the Conqueror on the site where he defeated King Harold at the Battle of Hastings in 1066. The abbey attracts thousands of visitors annually and serves as a great hub for tourists wishing to visit the many attractions nearby.
The business is very stable with a turnover of around £400,000.00 annually for the last 10 years with a lot of potential for growth, especially in the Bed & Breakfast aspect.
The town has a number of major events, through out the year, which have a beneficial effect on all businesses in the town.
Ideally suited to a couple looking to take on a successful business and grow it on.
Family commitments mean the owners are looking for a quick sale .

Property Information

Property:

Leasehold

Lease Terms:

The lease is 15 year renewable lease with 5 years left to run.
Rental includes buildings insurance

Leasehold Rent:

£41,300 per annum

Living Accommodation:

Basic staff accommodation of 5 rooms plus 2 bathrooms, large hallway and a partial kitchen

Location:

Prime high street location in the busy tourist town of Battle in East Sussex

Premises Details:

17th Century Coaching Inn rebuilt in 1688 with stone from the historic Battle Abbey

Size in square feet:
approx 950 square feet

Business Operation

Expansion Potential:

The Bed & Breakfast part of the business is ripe for expansion as the present owners have not pursued this aspect of the business because of ill health.
Being aware that the internet and social media is the modern way to advertise anyone with these skills would be able to expand all aspects of the business as this has not been utilised anywhere near its full potential.

Reasons for selling:

Ill health and family commitments

Trading hours:

Monday to Thursday 11.00am - 10.30pm
Friday & Saturday 11.00am - 12.00pm
Sunday 11.00am - 10.00pm

Employees:
3 full time plus 12 part time
Years established:
11

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