Popular Public House in Ebbw Vale Gwent For Sale in Ebbw Vale- Business 4 Sale .co.uk

Business Summary

Preferred Commercial is delighted to offer for sale this popular public house, which was established in 1800 and which has been in our clients' hands since 2006. The business is only now being placed on the market due to our clients' wish to retire. Our clients have recently finished an extensive programme of renovations, the last stage of which has provided 5 en-suite letting bedrooms as well as an owners' suite. The public house is licenced from 7.00am - 12.00am, although on weekdays, the pub is open evenings only. The business generates a turnover in the region of £80,569 per annum with a gross profit of 56% derived from wet sales only. A new owner could easily increase turnover by utilising the new letting rooms, extending the opening hours and by offering food, for which we believe there is a demand. A new owner could establish a web site with online booking facilities for the letting rooms and to further promote the business. We feel this is an ideal opportunity to acquire a popular public house, presented to a very high standard and with immense scope for future growth. Early discussions with Preferred Commercial must come highly recommended.

Property Information

	Property:	Freehold

	Living Accommodation:	Yes

	Details of Accommodation:	Substantial stone built property with slate roof, deceptively over 5 levels. Recently refurbished throughout. Briefly comprising: Ground Floor • Public bar (30 persons) with carpeted floor, fixed seating, tables, dark wood panelled servery with 11 points of dispense, electronic cash register, glass washer, optics display, shelving and hand sink • Ladies WC • Gents WC • Lounge bar (40 persons) with carpeted floor, a mixture of fixed and loose furniture, ash wood panelled servery with 2 x electronic cash registers, 2 x drinks chillers, 11 points of dispense, optics display and shelving • Ladies WC • Gents WC Lower Ground Floor • Large cellar with ice machine, external dray access and temperature controlled cold room First Floor • Function room (80 persons) with bar servery, tables and chairs and feature fireplace • Commercial kitchen with 6-burner hob and ovens, grill, double fryer, preparation island, preparation tables, 2 x refrigerators, wash up sink, dishwasher and extraction system • Preparation room and store with shelving for dry goods and central preparation area Second Floor • Owners' private suite with lounge, double bedroom with en-suite bathroom and fitted wardrobes • Letting room 1: Twin bedroom with built-in wardrobes and en-suite shower room Third Floor • Letting room 2: Twin bedroom with built-in wardrobes and en-suite shower room • Letting room 3: Twin bedroom with built-in wardrobes and en-suite shower room • Utility area with built-in units Fourth Floor • Letting room 4: Twin bedroom with built-in wardrobes and en-suite shower room • Letting room 5: Twin bedroom with built-in wardrobes and en-suite shower room External • Fixed picnic type benches to front • Outbuilding/storeroom, currently unused

	Location:	The Kings Arms occupies a prominent trading position on Newchurch Road in Ebbw Vale, Gwent. The pub is surrounded by a densely populated residential area from which it draws much trade. Ebbw Vale, a former steel town, is now the administrative centre for Blaenau Gwent county. The town is benefiting from the redevelopment of a steel work site, which will offer new housing, offices and retail space as well as a learning campus. The area is accessed by the A4046, leading to Cardiff, approximately 26 miles to the south. Newport is approximately 20 miles away, while Abergavenny lies 10 miles to the east.

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 - Fri: 7.00pm - 12.00am
Sat: 1.00pm - 12.00am
Sun: 12.00pm - 12.00am
Licensed from 7.00am until midnight

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