Busy Public House In Plymouth Devon

Plymouth, Devon
Price: £ 115,000
business for sale
Seller Reference: 3228
Asking Price: £55,000
Net Profit:
Sales Revenue: £288,000
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold

Business Summary

Preferred Commercial is delighted to offer for sale this busy public house, which was established in 1983 and which has been in our client’s careful hands since 2007. The current premises occupy the site of the Greyhound public house which was built approximately 180 years ago, with part of the original building incorporated into the street level beer cellar. The pub is only now being offered to the market due to our client’s wish to retire. The business trades 7 days a week and generates a turnover in the region of �288,000 per annum with a gross profit of 54%. Our client offers an extensive range of alcohol and bistro food. We feel the turnover could be further increased by embarking on a modest marketing campaign. There is also scope to host functions and live entertainment. There is a website in place with contact details, which we feel could be developed to offer sample menus etc. The premises are well-equipped to suit the trade and boast a spacious restaurant and bar area along with 3-bedroom owners’ accommodation with lounge, kitchen and bathroom. This is an ideal opportunity to acquire an already busy public house and restaurant with 3-bedroom owners’ accommodation and scope for future development. Early negotiations with Preferred Commercial must come highly recommended.

Busy public house, which was established in 1983 and which has been in our client's careful hands since 2007. The current premises occupy the site of ...

Property Infomation

  Property: Leasehold
 
  Lease Terms: Original length: 14 years
Review: every 9 years
 
  Current Rent: �32,000 per annum
 
  Living Accommodation: Yes
 
  Details of Accommodation: Substantial detached public house premises with restaurant and 3-bedroom owners' accommodation. Briefly comprising:

Ground Floor
� Entrance porch
� Main bar area with central bar servery with 5 points of dispense and 3 hand pumps, 3 x Epos systems, 4 glass fronted chillers, tables and chairs for up to 40 covers and sofas
� Bistro area with tables and chairs for up to 40 covers and feature fireplace
� Dining room with tables and chairs for up to 45 covers
� Ladies and gents WCs with wash hand basins
� Commercial kitchen with 4-burner oven, 2 x double fryers, single fryer, grill, double stainless steel sink, stainless steel work surfaces, microwave ovens, dishwasher, refrigerators, freezers and printer for Epos system
� Storage area with 2 x upright freezers and 2 x chest freezers
� Storeroom
� Beer cellar with street access

First Floor
� Kitchen with a range of wall and base units
� Lounge with feature fireplace
� 2 x double bedrooms
� Double bedroom/lounge
� Bathroom

External
� Gated yard with parking for up to 2 vehicles
 
  Location: Sippers occupies substantial detached premises, ideally located in a prime trading position in the city of Plymouth, Devon. The business benefits from ample parking in the vicinity and is situated in a densely populated residential area, from which it draws much trade. The local attractions and amenities are nearby, including a theatre, cinema and pavilions. Plymouth is undergoing major development, including a new marina. The city is a desirable place in which to live and work, boasting excellent leisure facilities. Plymouth Ferry Terminal is nearby and the business enjoys much passing trade. The city centre lies approximately � mile away. The area is well-served by public transport with numerous bus stops and a railway station within easy walking distance. The premises boast easy access to the A-road network, including the A38 which links with the M5 motorway near Exeter approximately 40 miles to the east.

Other Details

  Property: Leasehold
 
  Lease Terms: Original length: 14 years
Review: every 9 years
 
  Current Rent: �32,000 per annum
 
  Living Accommodation: Yes
 
  Details of Accommodation: Substantial detached public house premises with restaurant and 3-bedroom owners' accommodation. Briefly comprising:

Ground Floor
� Entrance porch
� Main bar area with central bar servery with 5 points of dispense and 3 hand pumps, 3 x Epos systems, 4 glass fronted chillers, tables and chairs for up to 40 covers and sofas
� Bistro area with tables and chairs for up to 40 covers and feature fireplace
� Dining room with tables and chairs for up to 45 covers
� Ladies and gents WCs with wash hand basins
� Commercial kitchen with 4-burner oven, 2 x double fryers, single fryer, grill, double stainless steel sink, stainless steel work surfaces, microwave ovens, dishwasher, refrigerators, freezers and printer for Epos system
� Storage area with 2 x upright freezers and 2 x chest freezers
� Storeroom
� Beer cellar with street access

First Floor
� Kitchen with a range of wall and base units
� Lounge with feature fireplace
� 2 x double bedrooms
� Double bedroom/lounge
� Bathroom

External
� Gated yard with parking for up to 2 vehicles
 
  Location: Sippers occupies substantial detached premises, ideally located in a prime trading position in the city of Plymouth, Devon. The business benefits from ample parking in the vicinity and is situated in a densely populated residential area, from which it draws much trade. The local attractions and amenities are nearby, including a theatre, cinema and pavilions. Plymouth is undergoing major development, including a new marina. The city is a desirable place in which to live and work, boasting excellent leisure facilities. Plymouth Ferry Terminal is nearby and the business enjoys much passing trade. The city centre lies approximately � mile away. The area is well-served by public transport with numerous bus stops and a railway station within easy walking distance. The premises boast easy access to the A-road network, including the A38 which links with the M5 motorway near Exeter approximately 40 miles to the east.