Ref: 7908 freehold
Superbly Appointed Profitable Freehold Licensed Guest House and Restaurant for Sale, in Tweedmouth in the Coastal Town of Berwick Upon Tweed, Northumberland with Stunning Views across the River Tweed.
• Stunning coastal location close to large population centres.
• Stylish Bar, separate Snug/Games room.
• Well-presented 30 cover Restaurant
• 5 double Letting Rooms, all en-suite
• 3 bedroom owners' accommodation
• Sun Terrace off first floor with well-presented rear garden.
• Advised turnover circa £80,000 (excl.VAT) year-end Feb 2016
• Trade split is approx. 90% accommodation, 10% food.
The business is located in the Northumberland town of Berwick Upon Tweed in the locality of Tweedmouth, less than 2 miles from Berwick Upon Tweed Town Centre.
The property commands excellent views across the River Tweed towards the North Sea.
The area benefits from a good level of tourism due to the attractive Northumberland countryside and coast.
The property is easily accessible from the A1.
This lovely Guest House has been awarded aa 4 Star status. It is located on the Dock Road and is an attractive double fronted property.
Entrance through the front door to a hall.
The Bar/Restaurant is a well-presented area extending the length of the property and carpeted throughout. The Bar Area has causal seating. The Restaurant Area is again, well presented with attractive décor and furnishings, seating for 30 covers.
There are well presented ladies and gents' toilets accessible from the restaurant.
There is a separate Snug/Games Room, currently housing a pool table and seating around.
A well-equipped Catering Kitchen (equipment not tested) includes stainless steel work areas, 6 ring gas hob and oven with a separate twin sink washing up area and walk in refrigerator.
A functional desk area is located between the kitchen and bar/restaurant.
The 5 double letting rooms with en-suites are located to the rear of the property on the first floor. Each room is decorated and presented to a high standard. A door from the landing leads to a lovely raised decking area, with capacity to comfortably seat 6 people, which is popular with paying guests. All rooms offer TV, Tea and Coffee making facilities, clocks and hairdryers.
Located on the first floor to the front of the property comprising of 3 double bedrooms, a spacious lounge and private bathroom. All well presented in keeping with the rest of the property
The property benefits from unrestricted roadside parking.
The rear garden is well presented with lawn area and well stocked borders.
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Mon-Thurs 10am to 12 midnight
Fri, Sat 10am to 1am
Sunday 10am to 11pm
The business is currently being run as a guest house although all facilities are in place to operate the bar/restaurant.
Nb. Important. Prospective purchasers wishing to continue to operate the licensed business should ensure that they gain the aplh Qualification in readiness for their intended operation of the business.
The property and business is being offered for sale freehold (although we have not had sight of the title deeds).
All mains services are connected, with gas central heating (no services tested). We are advised that business rates are assessed as being £2000 per annum although not currently payable.
The current owners purchased the business in 2007 and have invested heavily to bring the property to its current well-presented condition. We are advised that accounts declare takings of circa £80,000 (excl. Vat) in the year ending February 2016 generating an average reconstituted net profit of £33,000 over the last 2 trading years.
We are advised that the business benefits from high occupancy levels and healthy forward bookings.
The business is currently run by 4 family members and presents an excellent opportunity for the new owners to run as a guest house and/or develop the bar and restaurant facilities.
The business represents a turn key proposition to the new owners with all fixtures and fixtures included within the sale.
Accounting information will be made available to interested parties after viewing.
The property was viewed by Lee Davy who would be delighted to discuss further details
Note: Size quoted is usually the Total Useful Floor Area taken from the EPC and is for guidance purposes only and no responsibility is assumed by Guy Simmonds for the accuracy.
Viewing: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
Finance for purchasing A licensed property: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.