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Freehold Public House In Plymouth For Sale

Plymouth, Devon
Asking Price:
£349,950 Furniture / Fixtures included
Turnover:
£190,000
Net Profit:
Available on request

Veritas Business Sales are delighted to offer for sale this respected Freehold Public House which is located near the village of Stoke in Plymouth . The business has been established for over 100 years and has been in the careful hands of my client for the last 25 years. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Waterloo Inn is a community pub, is owner operated and employs the help of 4 part time members of staff. The annual turnover is £190,000 net of VAT with a GP of (62%) and wet sales equate to approximately 99% of the turnover. We believe that there is further potential to increase trade should you wish to do so by serving food. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Property information

Property:

Freehold

Location:

The Waterloo Inn is located in the western part of the city and lies between Stoke village and Plymouth Albion’s Brickfields rugby ground near Devonport. Built in the circa 1890 as is a well kept secret positioned in a densely populated area of Plymouth and is surrounded by some very distinguished properties. Plymouth town centre, the Barbican and the Hoe are only a short distance away.

Premises Details:

Ground Floor

Main Entrance with double doors
Bar area with 5 bar stools, dart board with electronic scoring unit.
Bar with double under counter drinks fridge (Prodis), single under counter drinks fridge (Huskey), double under counter drinks fridge (Caravell), pastry warming oven (Fairfax), electronic cash register, glass washer (D350) and sink with drainer.
Cellar with cooling unit, ice machine (Whirlpool), Belfast sink and various shelving.
Pool Room/Lounge with pool table, wall mounted TV 50” (LG), wall mounted juke box, ceiling mounted heating system, feature stone fire place, 9 tables with seating and various pictures.
Storage room with various shelving.
Conservatory with 3 tables, 12 chairs and various pictures.

Ladies toilet with 2 W/C’s and a hand wash basin.
Men's toilet with two urinals, W/C and hand wash basin.
Disabled toilet with W/C, hand rails and wash basin

First floor

Owners accommodation
Kitchen/dinning room
Hallway
Bathroom with shower, w/c and wash basin
Single toilet
Double bedroom 4 x 5m
Lounge 4 x 5m

Second floor

Owners accommodation
Double bedroom with fitted wardrobes
Single bedroom
Double bedroom with fitted wardrobes

External

Garage/shed with various shelves
Rear garden with large covered area
4 picnic tables
Garden area with plants

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Saturday – 10.30am – midnight
Sunday – 11.00am – 11.00pm

Employees:
4 part time
Years established:
100 years

Other Information

Inventory / Stock value:
£4,000

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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