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Well Established Pub & Restaurant For Lease

Ware, Hertfordshire, UK
Asking Price:
£149,995
Turnover:
£459,457
Net Profit:
Available on request

Business
Please quote reference B06470

Hilton Smythe welcomes to the market The Red Lion public house and Amico Di Amici Italian Restaurant.

The Red Lion has been a coach house since 1538 and its charming character is very well known within the area. It is one of the oldest buildings in the area and the second oldest in Stanstead Abbotts.

Our client purchased the business in 2015 and due to other business interests has now decided to put this ‘Turn-key’ business opportunity on the market.

Amico Di Amici serves traditional Italian food along with a very popular traditional 4 meat roast every Sunday between 12 and 5pm.

The Sunday roast is often fully booked and booking in advance is highly recommended.

The pub is fully licenced serving a variety of beers, wines and spirits and comes with a full TV licence to show all Premier League football matches. In addition to watching sport, there are 2 pub successful darts teams.

The business attracts a very loyal local customer base as well as a great passing trade.

The business is being sold with the website

Reviews include -

5/5* rating on TripAdvisor
A Certificate of Excellence being voted number 1 of 73 in Ware.
7/5 on Facebook
6/5 on Google

Above the pub is the delightful living accommodation.

Business Assets:
Fully Fitted commercial kitchen
Bar servery with display chillers
Bar & dining room tables/chairs

Combined value - approx. £50,000

Very rarely do pubs with so much history, character or reputation come onto to the open market, and we therefore advise early viewing to avoid disappointment.

Location
The Red Lion public house is located in the affluent Hertfordshire town of Stanstead Abbotts.

Positioned at the top of the High Street on a roundabout, within the heart of the thriving community and highly visible.

There is a large car park to the rear of the premises.

The Red Lion is a coach house dating back from 1538 and Stanstead Abbotts itself lies just off the A414 and A10 with links directly into London, Hertford and Cambridge.

Stanstead Abbotts is also on the Hertford East Branch Line with links into Liverpool Street Station.

Premises
Ground floor -

Traditional bar area with open fire and beamed ceiling
Restaurant dining room
Bar servery
Commercial kitchen
Storage area
Customer toilets

First floor -

Owners accommodation

External -

New rear terrace area
Storage rooms
Customer car park

Tenure
We are advised the business is being sold on a Leasehold basis with 5 years remaining on the Lease, the rent is £2875 per month with rates payable at £11,000 per annum.

Hours
The busines trading hours are as followed:
Monday - Closed

Tuesday to Wednesday- 15:00pm - 23:00pm

Thursday to Saturday- 12:00pm - 23:00pm

Sunday - 12:00pm - 20:00pm

Staff
The business is run and managed by 5 full time and 10 part time staff members.

Financial Profile
We are advised the business generated a turnover of circa £460,000 as of 2019, further financial information can be made available upon request.

Please quote reference B06470

Property Information

Property:

Leasehold

Contact Hilton Smythe

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