Public House For Sale – Tyne And Wear

Undisclosed, Tyne and Wear
Price: £ 99,995
business for sale
Seller Reference: 41885
Asking Price: £99,995
Net Profit: Undisclosed
Sales Revenue: £312,000
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold

Business Summary

Excellent leasehold opportunity to purchase a popular village public house with established regular trade. The business comes with 3 bedroom owners accommodation and is situated in a prime trading location with both wet and dry sales. Leasehold Ref 41885� Village public house with established regular trade� Prime trading location� 3 bed owners accom� Wet and dry salesThe business is situated in a residential area within the village of Old Penshaw in Tyne and Wear. The area has excellent local amenities including the Herrington Park, Commercial Stables and local schooling with larger retail outlets and a supermarket located in the nearby town of Houghton-Le-Spring. The pub is supported by the local community and football games are shown regularly throughout the week in the bar. The business is frequented by local football team supporters who gather at the weekend where organised transport takes customers to and from games. The pub host various events throughout the week, including poker nights, rock & roll bingo and live music. The Grey Horse is a community pub that caters events for all ages.The pub also serves high quality home-made food, and recently introduced theme nights such as Steak nights and Italian nights. Freshly cooked roast is also served on Sunday.We have been advised that turnover is approx �6000 per week and although trading well the current owners have only recently started to implement theme nights which have been a huge success so there is great potential to expand and increase this. In addition the business comes with a large out-building towards the rear; with a little renovation new owners may wish to consider converting this into letting accommodation.The sale includes owners accommodation in the form of a flat above the business premises. The owners accommodation can be accessed either from inside the bar or from a separate external entrance. The accommodation consists of 3 double bedrooms, a large living area, family bathroom and a kitchen area with access to a roof top terrace.Summary. This sale provides an excellent opportunity to purchase an already successful business with huge scope for improvement and with the added bones of readily available and spacious owners accommodation.

Excellent leasehold opportunity to purchase a popular village public house with established regular trade. The business comes with 3 bedroom owners ac...

Property Infomation

  Property: Leasehold
 
  Living Accommodation: No

Other Details

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