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Established Gastropub In Wells, Somerset With 3 Bedroom Accommodation For Sale

Wells, Somerset, UK
Asking Price:
£69,000
Turnover:
£410,000
Net Profit:
Undisclosed

A well-established and highly popular Gastropub located in the historic city of Wells. After 12 successful years, the current owner is ready to hand over this business to its next custodian.
The pub offers:

  • A stylish downstairs restaurant and bar area with a warm and welcoming atmosphere.
  • Two separate upstairs lounge spaces, ideal for private functions or a relaxed setting where customers can enjoy their favourite drinks.
  • Beautiful décor throughout, creating an inviting environment for both regulars and new visitors.
  • A spacious three-bedroom apartment on the third floor, perfect for owner-occupiers or staff accommodation.

The business continues to enjoy strong annual revenues, supported by a loyal local customer base as well as the steady flow of visitors to Wells, one of Somerset’s most popular destinations. In addition, there is an extra income stream, details of which will be shared with serious buyers.
Key points:

  • Leasehold with 11 years remaining.
  • Proven, profitable operation with further potential for growth.

This is a rare opportunity to acquire a pub business in a sought-after location.

Some interesting facts on the City Wells -

  • Wells Cathedral, one of the city's main attractions, receives approximately 300,000 tourist visits each year, in addition to about 150,000 attending services Wikipedia.
  • While broader tourism figures for the entire city aren't readily available, Wells has been consistently recognized as a highly attractive destination. It was named the UK’s top inland town or small city in a Which? survey—for its attractiveness, scenery, and overall visitor experience The --------------------------------.--.--.

Property Information

Property:

Leasehold

Lease Terms:

Leasehold