The Black Bull Inn

Beschreibung

The Black Bull Inn is a traditional pub situated in the heart of Wylam. Dating back to 1868, it is a popular destination for locals and tourists with many activities in and around the area. Accommodation is offered with eight rooms available as well as three bedroom owner's accommodation. Once a grocers and an abattoir, The Black Bull Inn has won many awards including: Winner of Pub of the Year three years running, (2005, 2006 and 2007) as well as Best Village Pub and Best Freehouse of the North East.

Lage

Located on the main street in the picturesque Tyne Valley village of Wylam, birthplace of George Stephenson (aka the Railway Man). A popular destination for tourists and locals with a variety of activities available in the area, including cycling, hiking and fishing. Close to Northumberland National Park, Wylam is a popular commuter village, with Newcastle upon Tyne circa 12 miles away and Newcastle International Airport only circa 8.5 miles from the property.

Innenräume

The pub is decorated in a traditional yet modern style and is well maintained. The bar and games room provide seating and standing for circa 100 people. The restaurant has table and chair seating for circa 26. There is a commercial grade catering kitchen, with newly renovated takeaway servery. Ancillary areas include a ground floor beer cellar, customer toilets and external storage facilities. The pub has undergone a recent re-investment into its interiors on all floors.

Andere Stockwerke

First Floor comprises of eight rooms: two self contained, four double rooms, one double plus single, one single. Top Floor: Recently renovated modern, three bedroom apartment.

Ausstattung und Inventar

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory. We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

TO LET

Our clients preferred option is to sell the freehold, but for the right candidate, they would consider leasing the premises on terms to be agreed. - £35,000 upfront premium for business goodwill - from £36,000 per annum commencing rent - lease length and other terms are to be negotiated

Zimmer

The first floor comprises of eight rooms: two self contained, four double rooms, one double plus single, one single.

Betreiberwohnung

The second floor contains a recently renovated three bedroom apartment. The owner currently lives off site and leases out the apartment.

Das Objekt

The Black Bull is a fantastic opportunity to invest in a well established high trading country village pub. Having recently undergone an refurbishment and re-fit to the pub and restaurant areas, as well as the B&B accommodation, and a new 3 bedroom apartment on the top floor, this property is a turn key opportunity. The pub is fully staffed and has undoubted potential, with multiple income streams from wet, dry and accommodation offerings. Further trade could be derived by increased opening hours as well as an increased food offering. This profitable business presents an excellent opportunity for an owner-operator to live on site and operate along the same lines as the current owner. Alternatively, an experienced operator, perhaps with multiple sites, could look to expand the current offer and run the business as a managed house. An investor may look to purchase the premises and let it to an operator, the current owner has previously let the premises on this basis. The business is offered for sale as the owner is seeking to retire.

Personal

The business is currently owner-operated with the support of full and part time staff. Further details can be provided on request.

Operative Daten

The business has recovered phenomenally well post-lockdown. Accommodation is currently fully booked, on a rolling guest bookings basis. Annualised Net Turnover is approximately £400,000, excluding food. Further trading information is available on request.

Öffnungszeiten

Monday to Friday: 4.00pm – 11.00pm Saturday: 12.00pm – 11.00pm Sunday: 12.00pm – 11.00pm

Besitztitel

Our clients are prepared to offer a new, free of tie lease to an experienced operator. Ingoing premium is £35,000 with a commencing rent of £36,000pa (excl owners Accommodation) or £44,000pa (incl owners accommodation). Lease length and other terms are to be negotiated.

Grundsteuer

Confirmation of actual business rates payable should be obtained from the local authority.

Lizenzen/gesetzliche Bestimmungen

Premises licence.