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Extremely High Rated Public House In Rhyl For Lease

Rhyl, Clwyd
Freehold Price:
£499,995
Leasehold:
£179,995
Turnover:
£390,000
Net Profit:
Available on request

Business
Hilton Smythe is welcoming to the market, The Millbank. An extremely highly rated, family ran, sports bar, public house and Indian restaurant, located on Grange Road, Rhyl.

Our clients took over the pub in 2018, the premises were fully renovated and refitted to a high standard before opening. The current owners were looking forward to spending many years running the business, however the business now comes to market due to health issues.

The Millbank trades as an Indian restaurant, pub and sports bar. The current menu consists of traditional Indian meals, deserts and children’s meals.

A High percentage of the clientele are locals and regulars with extra custom from tourists. The business is still in the growth period with an increasing amount of word of mouth recommendations and new customers coming after reading reviews on Facebook and trip advisor.

The premises are well presented, creating a cosy and inviting atmosphere, with over 100 covers including perimeter fitted seating in the main restaurant.

At the time of instruction The Millbank boasts an excellent 5-star reviews status on google, TripAdvisor and Facebook with customers stating -

‘Held a party here. Booked few months in advance. The team was helpful all the way through. Lots of advice and help on menus for party.

Lovely spread laid on. Could not fault it the team did excellent. Very helpful throughout.

Thank you, Keep up good work and tasty dishes.’ And ‘Been here a number of times. Booked via online, phone. Lovely family run place. Good atmosphere always made to feel welcome. Food is lovely! and great choice. Glad to see the Millbank up and running again’

At the time of instruction the premises also have a 5-star hygiene rating and offers a delivery service via.

This pub/restaurant already has a fantastic reputation and the foundations to build upon. utilising social media, advertising and extending opening hours would benefit the healthy turnover the business already has.

This is a great opportunity for anybody looking to get into the trade, would be suitable for all types of people, including a family as the living accommodation is 3- 4 bedrooms.

There is also scoped to turn the living accommodation into a bed and breakfast as there is a separate entrance as well as an internal entrance to the 1st floor.

Early viewing is highly recommended with the business genuinely coming to the market as our client looks towards a career change.

Location
The Millbank is situated on Grange Road, Rhyl.

The town boasts excellent tourist attractions such as SeaQuarium and the Rhyl Events Arena.

The business benefits from its own carparking at front and back of the premises.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

The area is also well served by the A-roads, with the A525 being within easy driving distance of the business, which links to the A55 and motorway network.

Premises
Traditionally presented Pub/restaurant, with excellent signage and ample car parking space.

Basement;

Cellar with easy access drop point, 6 separate rooms, our client has also fitted a boarded wall to maintain the barrel temperature. The rooms in the cellar are used for storage of perishables, extra furniture and seasonal decorations.

Ground floor;

Open plan bar restaurant with ample perimeter seating, tables and chairs

Utility

Male toilets

female toilets

Disabled toilet

Separate pool room / function room with separate entrance to the left of the bar area

Fully fitted commercial kitchen comprising of commercial oven, grill, hob, ample fridges, freezers, clay oven, 9 hob wok burner, double fryer, pot wash area with dishwasher

Bar area with ample glass display drinks fridges, optics, shelving, coffee machine and smart till systems

1st floor;

living accommodation 3-4 bedroom flat

Huge potential to turn into bed and breakfast

3 large double rooms

1 large lounge

1 single room (currently used as office)

Kitchen

Bathroom

2 x built in storage space

External and outbuildings

Small Car parking at the front (4-5 spaces) and large car park at rear (40+ spaces) of the premises

Large double garage at the rear

2 x smoking areas with benches

The premises are alarmed and has cctv

Tenure
We are advised the premises is freehold with an option to lease, the lease term is negotiable with annual rent of £38,000.

Hours
Monday – Thursday (2pm – 10pm)

Friday – Saturday (2pm – 11pm)

Sunday (2pm – 10pm)

Staff
Family ran business with 7 part time staff members.

Financial Profile
The business reports for 2018 – 2019 show a turnover of £390,000.

Property Information

Property:

Available as freehold and leasehold

Other Information

Leasehold asking price:
£179,995

Contact Information

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