Free to Tie Pub in Essex For Sale

Occupying a corner position, busy road, residential area, Essex.

Turnover £ 5,000
Price £275,000

Features

Traditional Pub, Long Leasehold and Free of Tie

FRONT BEER GARDEN seating 20 people.

DETACHED PREMISES, CCTV (16 cameras), Vinyl / carpet flooring, a selection of pendant and wall lights.

Seating for 40 people.

BAR - Electric cash register, 10 beer pumps, under counter fridges, 6 stools,

Ladies and Gentlemen's cloakrooms with toilet and wash hand basin.

KITCHEN - Glass washer, ice maker, fridge, etc.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 40% approx.

There is the opportunity to introduce catering.

Staff

The business is at present operated by the Manager with 3 full time staff employed.

Trading Hours

7 Day week
SUNDAY - THURSDAY 2 p.m. - Midnight
FRIDAY, SATURDAY 12 noon - 1 a.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above comprising;

4 bedrooms (3 doubles, 1 single bedroom)
Fitted kitchen.
Shower room with shower, toilet and wash hand basin

Outside

REAR BEER GARDEN seating 40 people.

Parking for 10 vehicles.

Tenure

LONG LEASEHOLD.

100 year lease granted in 1954 (28 years unexpired) by the Council a current rent of £410 p.a. with NO RENT REVIEWS.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £275,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 137,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote