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Business
Leasehold option available £79,995 + SAV
Hilton Smythe welcomes to the market, The Talbot Hotel. Trading as a public house and hotel the building is very well presented with 4 en-suite letting rooms. As well as a 1 bed self-contained flat, set on the first floor and a huge 2-3 bed flat on the second floor; this is currently used as living accommodation. The hotel was renovated in 2010 and our clients have made great use of the ample space the hotel has to offer.
This friendly pub hosts live band events 3 times a week and is especially busy for football matches displayed on the TV's in the bar and lounge areas. The pub has a good Facebook page, with regular posts of recent or up and coming events.
The Talbot is well presented, creating a cozy and inviting atmosphere with an open fire in the colder months. To the side is a patio area with seating for the warmer months.
Early viewing of this popular community pub/hotel is highly recommended with the business genuinely coming to the market as our client looks towards a career change.
This is a great opportunity for anybody looking to get into the trade. This hotel already has a fantastic reputation and the foundations to build upon.
Scope to increase trade:
Utilising social media
Booking websites
Advertising
Extending opening hours
The property would be an ideal home and business for a husband and wife team with a family, looking to relocate to the property.
Hilton Smythe highly advise early viewing to take in the full potential of the trade.
Location
The Talbot Hotel is situated on the busy main road Church Street in Burnley. The pub is less than 5 minutes walk from the busy town centre, situated on the main bus route and a short 8 minutes walk from Burnley Central Railway Station.
The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The business further benefits from its own car parking at the front of the premises.
The area is well served by major A-roads, with the A6114 and the A682 being within easy driving distance of the business, which links to the M65 motorway network.
Premises
Our clients took over the business in 2010 and completed a refurbishment. The premise is traditional with the pub set on the ground floor and modernised accommodation on the first and second floors.
Basement-
Huge cellar with easy access drop point.
The cellar has the size to be converted into a games room and already has a fully fitted bar.
Ground Floor-
Open plan lounge with ample seating.
2 x pool areas.
Bar area which serves the main lounge and an adjoining pool room.
Traditional open fire place with tv screen above.
First Floor-
2 x double rooms with en-suites.
1 x twin room with en-suite.
1 x single room with en suite.
Laundry room.
Well-presented 1 bed flat, which could be used as owners living accommodation or rented out to a tenant.
Second Floor-
Newly renovated and beautifully decorated living accommodation with sky lighting throughout.
Open plan lounge and kitchen area.
2 x large bedrooms with large bathroom, separate bath and shower.
Office area.
External-
Car parking at the front for approximately 6 cars.
Large 2 storey outbuilding to the rear, currently used as storage but could be turned into a summer house or play area.
Beer garden.
Tenure
We are advised the business is a Freehold sale.
There is a Leasehold option available.
Term will be circa 5 years, with a rent of £30,000 per annum.
Hours
Monday to Thursday: 17.00 – 23.30
Friday: 16.00 – 01.00
Saturday: 12.00 – 01.00
Sunday: 12.00 – 23.30
The pub is licensed to trade until 2am.
Staff
Owner ran with the help of 4 part time staff members.
Financial Profile
According to the 2016 accounts the business reported a turnover of £366,000 with gross profit 27%.