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Profitable Weare Giffard Freehold Village Pub And Restaurant For Sale

Bideford, Devon, UK
Asking Price:
£399,950 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

Profitable freehold village pub and restaurant in the picturesque riverside village of Weare Giffard, North Devon. The only pub in the village, this refurbished and well-presented business combines established local trade with attractive two-bedroom owner’s accommodation.

The premises feature a lounge bar, restaurant, dining alcove, commercially fitted kitchen, front and rear beer gardens and a private 13-space car park. The business benefits from local darts and skittles teams, book and quiz clubs, sporting events and 5-star Google reviews.

Currently operated by managers on evenings and weekends only through choice, the business offers considerable scope to increase trading hours and food service. The property can be purchased with or without the existing tenants, who currently generate £20,000 per annum in rental income.

The first-floor accommodation provides two spacious en-suite bedrooms, a large vaulted living room and open-plan kitchen, creating an attractive opportunity for an owner-operator seeking both a business and home in North Devon.

Property Information

Property:

Freehold

Lease Terms:

The freehold can be purchased with or without the current tenants. Existing tenants are stated to generate £20,000 per annum in rental income. Further tenancy terms are not provided.

Living Accommodation:

Well-appointed accommodation above the pub comprising two spacious bedrooms, both with en-suite bathrooms, a large vaulted living room and open-plan kitchen.

Location:

Central position in the picturesque riverside village of Weare Giffard, North Devon. The property occupies a corner position on the lane running through the village and is the village’s only public house.

Premises Details:

Refurbished and well-presented freehold public house comprising lounge bar, restaurant, dining alcove, commercially fitted kitchen, cellar and customer toilets. Outside areas include front and side courtyard beer gardens, further grassed gardens and a private car park with 13 spaces. Two-bedroom en-suite accommodation is situated above.

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

Considerable potential to increase trade by extending beyond the current evening and weekend opening pattern. Current managers restrict trading because of other commitments, providing scope for an owner-operator to increase opening hours and food service.

Competition / Market:

The property is stated to be the only pub in Weare Giffard village.

Trading hours:

Currently operated during evenings and weekends only.

Other Information

Related Documents: