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Pub & Restaurant

Lincolnshire
Ref: 5752397
Freehold£1,350,000

Contact Our Agent

Jonty Green
Jonty GreenBusiness Agent
+44 7715 806 592jonty.green@christie.com

At a glance

  • Bar, restaurant and function room
  • C. 200 internal covers and c.220 beer garden
  • Waterside location
  • Turnover of £1.45m
  • C. 340 Brewers barrels pa
  • Town centre location in Lincolnshire. EPC C
View full details Pub & Restaurant
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Ref: 5752397

Pub & Restaurant

Description

A single storey pub comprising of a large bar and restaurant area with function room and an internal capacity of 330 and around 200 covers for dining. The external trading areas were renovated over the Covid pandemic to increase outside trade to around 220 external covers, boasting waterside views.

Location

The pub is located in an historic market town centre location in Lincolnshire around 15 miles from the A1. The pub is located just off the main street and whilst there is no designated car park, there are three pay and display car parks within a short walk of the pub.

Internal Details

• Bar area – 110 seating plus further standing areas • 50/60 covers in restaurant • 40 covers in function room • Central bar and servery • Large kitchen and prep room with walk-in fridge and freezer • Beer cellar • Customer toilets

Fixtures & Fittings

All fixture and fittings are included within the sale.

Adjacent Building

Not included within the sale but available for purchase from the same owner. The adjacent building is currently used as a mixed-use retail and residential building with three large two-bedroom flats let out for £614 pcm producing £22,104pa. The owner has sought previous advice on the units and had been advised of the potential to create up to 18 letting rooms to strengthen the income of the pub. Buyers are advised to take their own advice.

Letting Accommodation

There is no additional accommodation as part of the main pub but the adjacent building features a mix of retail and residential and is available in addition to the pub.

External Details

• Large beer garden with overhead covers and heaters • 220 external covers • Waterside presence

The Opportunity

The pub is brilliantly situated and does not face significant competition within the location. The opportunity is there for a large operator to continue the excellent trade and make operational improvements to increase efficiency. The adjacent building represents an opportunity to add letting rooms to the offering and diversify and strengthen the income streams.

Staff

We are advised that there are 12 full time members of staff and 14 part time members of staff as part of the TUPE process.

Trading Information

23/24 turnover was £1.45m. Full accounts can be made available on request and signing of the NDA.