Traditional Pub in South Wales For Sale

Semi-detached property, busy road, residential area, SOUTH WALES

Turnover £ 3,000
Price £35,000

Features

Traditional Pub

6 DAYS OPENING
Dartboard
2 Pool Tables

CORNER PREMISES, industrial non-slip floor, ceiling with fluorescent lighting. Bar with 8 TAPS, EPOS till. Tables and chairs OVER 3 ROOMS providing seating for 90 People

Bar with seating for 30 people
Lounge room with sating for 30 people
Back room with seating for 30 people.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin..

Cellar / Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. west sales only, with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

6 Day week
MONDAY, TUESDAY - THURSDAY 4pm - 11pm
FRIDAY 4pm- 12pm
SATURDAY & SUNDAY 12 noon - Midnight
Closed Wednesday

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £800 per month . The accommodation comprises:

6 Bedrooms (4 double, 2 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £27,040 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Business Rates from April 2024 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote