Central Pub & Restaurant in Herefordshire

Hereford, Herefordshire
REF: R07633

Asking Price:
£127,500
Annual Turnover:
£310,740
Annual Net Profit:
£59,739
REF: R07633

Overview

Tenure:
Leasehold
Established:
2005
  • Excellent reputation
  • Huge growth opportunity
  • Spacious premises
  • Well-equipped
  • 2 bedroom flat included

The business for sale is a well regarded, traditional pub based in Hereford. Ideally tucked away in a bustling, city centre location, the establishment has quickly become a hotspot for locals and tourists alike – with a number of positive reviews on sites such as TripAdvisor and Facebook.

Also known for their delicious food options, the business offers a Greek inspired menu to its patrons – serving fresh, tasty dishes to their hungry punters.

The business is offered on a leasehold basis, the terms of which also include a two bedroom flat above the premises. With a potential rental income of around £800 p/m, the apartment could either be used as an additional source of income – or as easily accessed living accommodation for a new owner.

Ideally tucked away in the centre of Herford, customers enter from the street straight into the main pub area. A large space complete with a traditional wooden bar, the pub is separated in to two seating areas – with space available for up to 45 covers at a time.

To the rear of the property a corridor leads to the customer toilets and provides access to behind the bar. Externally there is a beer garden to the rear, with room for an additional 45 covers. To the second floor is a two bedroom apartment, ideal for a live in landlord or to generate extra income.

Equipped with all of the necessary fixtures and fittings to smoothly run a bar and restaurant, the majority of the equipment is included in the sale price – such as; ovens, fridges, freezers, tables, chairs and crockery.

This would be the perfect opportunity for an experienced pub owner searching for a well established business with a fantastic reputation.

With sales currently sitting at around a 90:10 wet dry split, an increased focus on the catering side of the business could unlock a wealth of growth potential. Further marketing the restaurant, and perhaps even offering takeaways and deliveries, could see a significant increase in profits.

The vendors have advised they would be willing to stay on for a transitional period, should a new owner require.

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  • On-site car parking
  • Residential area
  • City centre location
  • No local competition
  • Close to local businesses
Rent
£36,400
Rates
£1,200
Lease Term
25
Lease Expiry
###
Square Footage
TBC
Accommodation Included
1
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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