Pub/bar for sale in Sunderland, Tyne And Wear SR4

£220,000
Pub/bar for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Successful public house in a prime location
  • 3 Bed owner's accommodation
  • £750k turnover per annum
  • £500k recently spent on refurbishment

Property description

Reference - 47768

Description
This extremely busy Restaurant and Bar is ideally located for travellers with over 200 covers, parking for up to 50 cars and an outside decked beer garden, which also gets used for outside entertainment in the summer months as well as al fresco dining.

This is a very busy restaurant serving an excellent choice of pub food, including steaks, traditional favourites and vegetarian meals. Being in a very populated area, evening entertainment is a regular occurrence and with a new large housing development and a new retail park being built less than 500 yards away would give the new owners great potential to increase the already impressive turnover of £750k.

No need to buy a house when included in the lease is a spacious 3-bedroom apartment with separate entrance and access to a private veranda directly above this detached business.

Opportunities like this one don’t come around very often and only due to retirement is this perfect Bar and Restaurant, in amazing move in condition, being made available.

Sales
Currently shop sales average £750k pa approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Friday 11:00 – 23:30
Saturday 11:00 – 00:30
Sunday 11:00 – 23:00

Staff
Managed by the owners with 2 full time chefs and 1 assistant head chef with 10 full/part time staff.

Building External
This traditionally built detached building sits off a busy main roundabout with parking for over 50 cars in its private gated car park. This is an impressively large building, easily seen by the passing traffic.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Building Internal
There are two public entrances- one from the main street and another from the car park.

Both entrances lead into the main restaurant area, which is made up with a new timber table and chairs, carpet area and new timber flooring, with a large bar stretching the full back wall.

There are also customer toilets including disabled and baby changing facilities. In the rear, there is a very large chef’s kitchen, wash up area, preparation area, staff room, staff toilets, and a manager’s office with CCTV.

Residential Accommodation
3-bedroom property comprising of lounge, dining room, kitchen, bathroom and a private veranda

The residential accommodation is currently vacant.

Tenure
We are advised that the property is held on a 5year lease which commenced in 2017. The annual rent is £60k exclusive (correct as advised on 04/03/2020).

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
Kings Business Transfer are really pleased to bring this real turnkey business to market, having already had £500k spent on refurbishment, and with the local footfall increasing with new developments, we highly recommend an early viewing to avoid disappointment.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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