Parker Barras are delighted to offer following highly successful and popular licensed premises on Stockton High St. The Riverbank has been trading for 3 years but was previously traded as The ClockTower for the 8 years prior.
The pub which is mostly staff ran, it currently trades as follows.
Tuesday - 12pm - 10pm
Wednesday 12pm-12am
Friday - Saturday 12pm - 3am
Trading at around £9,000 - £10,000 per week. There is huge scope for further increased sales with increased opening hours.
Currently Licensed as follows..
Opening hours
9am - 2am Sunday - Thursday
9am - 3am Friday - Saturday
Hours for supply of alcohol sales
10am - 1:30am Monday - Thursday
10am - 2:30am Friday and Saturday
12pm-1:30am Sunday
The property it occupies is held on a lease with 9 years remaining and 1 remaining break clause in 2029. The rent is £24,000 + VAT per annum.
Comprised of a ground floor seating/bar area with some exterior seating at the front of the property for 6 tables and 18 chairs. There is raised level on this floor for dancing. The further 2 floors are a 1 bedroom flat and a 3 bedroom flat on the top floor. The full property is £24,000 Per Annum + VAT and the lease is to be assigned.
A dumbwaiter is installed form the ground floor to the first floor which could enable potential for a kitchen conversion and a further offering of food alongside the already successful drink products.
Accounts are availble upon request.
An overall great pub in a popular town centre location trading successfully with further scope to increase offerings and opening hours to increase takings.
For Sale - £75,000
