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Popular Village Inn In Penrith For Sale

Penrith, Cumbria, UK
Freehold Price:
£360,000
Leasehold:
£40,000
Turnover:
£347,000
Net Profit:
Available on request

• A popular food destination pub with a separate shop and post office.
• Outside seating areas, garden, parking, and 2-bedroom owner’s accommodation.
• Open-plan bar and dining area.
• Takings £347,000 net in 9 months to 31/12/2023.
• attractive village, NR Penrith, and gateway to the Lake District.
• Available freehold or on a lease at a rent of £24,000 per month and an ingoing of £40,000.

Overview:

A popular and thriving village pub and food destination inn, situated in an attractive village on the edge of Lake District National Park,. The business has been owned and run by the current proprietors since 2009 as a family business with an excellent reputation for traditional fare.

Opening hours are Monday to Friday, 12–3 p.m. and 6–11.30 p.m., and Saturday to Sunday, noon to midnight. Turnover for the 9 months to December 31, 2023, was £347,000 net of VAT, with a split of about 55% food and 45% wet.

The pub also has an adjoining shop and post office, producing additional income of about £15,000 a year, which is included in a freehold sale and could be available separately to an incoming tenant.

Anyone operating the post office counter would need to apply to the post office for the subpostmaster position. Our clients are seeking to retire from the business. Full accounts will be made available to bona fide applicants, normally after viewing.

Property Information

Property:

Available as freehold and leasehold

Energy Performance Rating:
E

Other Information

Leasehold asking price:
£40,000