Pub & Restaurant

Descripción

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.

Ubicación

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.

Zonas Comunes

• 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

Mobiliario, equipamiento e instalaciones

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.

Alojamiento

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.

Características del exterior

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

La oportunidad

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.

Personal

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.

Datos económicos

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