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Business for sale in United Kingdom - 8879dn lincolnshire freehold: 450,000 leasehold: 175,000 pub/hotel/restaurant

Asking Price: 450,000 £ Real Estate: Ownership
Sales Revenue: 0 £
Net Profit: 0 £
Year Established: 2003
Employees: 3PT
# of family members employed: 1FT
Location criteria:
United Kingdom/County of Lincolnshire/Lincoln

Business types:

Accommodation & Food services

Business categories:

Restaurants

Business description

Advent Business Sales is pleased to offer to the market this extremely well established pub/hotel/restaurant, which has been trading successfully since the mid 1960 s. The current vendor has been in ownership for the last 5 years. The owner is reluctantly selling due to health reasons and has agreed to offer the business as both freehold and leasehold to attract a quick sale. Our client has achieved an enviable position of having all the rooms fully let, Monday to Friday, for at least 8 months of the year. The restaurant, which also doubles as a function room, has seating for 125 people. The pub bar can also accommodate a further 38-40 covers. The pub has a pool team and is the venue for the local football team, in season. Two nights are given over to themes, Thursday is curry and a pint for 5.00. Friday is mixed grill club night, again for 5.00. Traditional Sunday lunch is a further highly successful weekly event. The pub is renowned for its Christmas Day lunch in the restaurant, 60 covers are taken for this only and there is already a 13 month waiting list.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: The owner is reluctantly selling due to health reasons
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 0 £
Location: Our client’s business is located on a main road surrounded by some very upmarket villages in North East Lincolnshire. The nearest town has a rail link and it is close to the M180 and Humberside International Airport as well as Kingston upon Hull North Sea ferries. The area is rural and also industrial close by. This industrial aspect gives long-term residents and consistently booked up rooms, where the restaurant is a very regular venue for the rural residents. Consistency of custom makes this an extremely attractive proposition.