Public House and Hotel in Cheltenham Gloucestershire For Sale in Cheltenham- Business 4 Sale .co.uk

Business Summary

Preferred Commercial is delighted to offer for sale this popular public house, hotel and function venue, which was established in 1847 and which has been in our clients' careful hands since 2007. The hotel is only now being placed on the market due to our clients' other business commitments. The business operates 7 days a week as a 100% wet sales public house with 12 letting rooms and a large function room for 120 covers, ideal for weddings and parties. The hotel generates a turnover in the region of £350,000 per annum with a gross profit of 49.1%. During the race week in March, Betfair rebrand the business as The Betfair Arms in a lucrative sponsorship deal, which turns over £90,000. A new owner could increase turnover further by introducing food, promote the use of the function room and perhaps obtain a wedding licence. There is already a quality web site in place which includes on-line booking facilities. The public house side of the business is popular with locals and there is scope to introduce pool and darts teams. We feel this represents a unique opportunity to acquire a multi-faceted business in such an ideal location and with scope for future growth. Early discussions with Preferred Commercial must come highly recommended.

Property Information

	Property:	Leasehold

	Lease Terms:	Leasehold Original length: 10 years Remaining: 2 years Review: every 3 years Rent: £32,000 per annum

	Current Rent:	£32,000 per annum

	Living Accommodation:	Yes

	Details of Accommodation:	Well-presented 3-storey detached property, situated on a busy road. Briefly comprising: Ground Floor • Lounge with carpeted floor, a mixture for fixed and loose seating, large flat-screen TV, games machine, wooden bar servery with EPOS cash register, 11 points of dispense and optics display • Main bar area with exposed wooden floorboards, tables and chairs, 4 x large flat-screen TVs, games machine, pool table, dartboard, large bar servery with 16 points of dispense, triple chiller, optics display and EPOS cash register Lower Ground Floor • Commercial grade kitchen with 6-burner hob and oven, griddle, fryer, microwave ovens, stainless steel work surfaces, stainless steel extraction system, preparation area with 2 x stainless steel sinks and commercial dishwasher • Function room with capacity for 120 seated or 200 standing, carpeted floor with wooden dance floor area, recessed ceiling spot lights, wooden bar servery with 15 points of dispense, optics display, drinks chiller and EPOS cash register • Ladies WC • Gents WC • Office • Beer cellar with new cooling system • Freezer store First Floor • Bathroom with shower, WC and wash basin • Separate WC • 7 x letting rooms - a mix of double, twin and triple rooms Second Floor • Bathroom with shower, WC and wash basin • 5 x letting rooms - a mix of double, twin and triple rooms All rooms have hand wash basins and TV External • Enclosed patio area to front with wooden benches • Yard to rear • Car park

	Location:	The Midland Hotel occupies a prominent position, ideally located opposite the railway station in Cheltenham, Gloucestershire. The business benefits from a high footfall and much passing trade. There is ample car parking in the area and there is a bus stop close by. The Midland Hotel sits at the heart of this popular spa town and is surrounded by complementary shops and businesses. Cheltenham is a large town situated on the edge of the Cotswolds, and has been a popular tourist destination since the discovery of the mineral springs in 1716. Another popular attraction is the world-famous Cheltenham Racecourse, which lies approximately 1.5 miles from the business. The town is easily accessible with the M5 motorway approximately 3 miles to the west.

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

Mon - Sat: 12.00pm - 11.30pm
Sun: 12.00pm - 10.30pm

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