Hotel with Restaurant and Bar in Somerset For Sale

Detached property, excellent main road trading position, residential and commercial area, Somerset.

Turnover £ 3,600
Price £150,000

Features

Licensed Hotel, Restaurant & Bar

Large guest car park to front.

Attractive double fronted stone built detached premisies, carpeted flooring, plasterboard ceilings with pendant lighting.

Reception area with tiled flooring (oak).

Entrance to lounge / Bar area.

BAR / LOUNGE. Electric cash register, under counter fridge, glass washer, hand wash basin. 5 draft pumps, bar stools for 4 people.

Tables, chairs and easy chars.


RESTAURANT.

Tables and chairs seating 20 people.


KITCHEN. Tube lighting, non slip vinyl flooring.

Stainless steel extractor, 6 burner hob, grill, oven, microwaves, 2 single deep fat fryers, additional fryer, toaster, 3 freezers, 2 large full height fridges, under counter fridge, dishwasher, double sink and drainer, stainless steel preparation tables, etc.

Ladies and Gentlemens cloakrooms each with toilet and wash hand basin.

Baby changing area.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,600p.w. Sales for the period ending 30 April 2024 showed turnover of £179,294

Staff

The business is at present operated by the vendor with 3 full time staff employed (including the Chef) and 3 part time staff.

Trading Hours

Year round opening, with the bar and restaurant available to non-residents.

Accommodation

Located on the FIRST FLOOR;

Family room, double bed, single bed, ensuite bathroom with bath (shower over), sink and toilet.

Dulux double bedroom with double bed, coffee table and arm chairs, ensuite bathroom with bath (shower over), sink and toilet.

Single room, single bed

Bathroom, with bath sink and toilet (dual access)

Dulux double bedroom with double bed, coffee table and arm chairs, ensuite bathroom with bath (shower over), sink and toilet

2 standard double bedrooms each with double bed, ensuite shower room with shower, sink and toilet

1 standard double bedroom with double bed, ensuite bathroom with bath (shower over), sink and toilet

Airing cupboard.

Stairs to SECOND FLOOR.

1 standard double bedroom with double bed, ensuite bathroom with bath (shower over), sink and toilet


Owner's accomodation Double room with double bed, ensuite bathroom with bath (shower over), sink and toilet

Outside

Patio and gardens to rear with with seating area for customers and residents.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2023 at a rent of £36,000 p.a. until 2026 with annual reviews adjusted by RPI each April adjusted by RPI

Business Rates from April 2025 £3,200 approx. (Please contact local authority to confirm)

EPC Rating C (65)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote