Established Pub with Two-Bedroom Apartment for Sale in Hereford

Hereford, Herefordshire
REF: INT2221

Asking Price:
£165,000
Annual Turnover:
£572,000
Annual Net Profit:
TBC
REF: INT2221
Photo of Established Pub with Two-Bedroom Apartment for Sale in Hereford
Photo of Established Pub with Two-Bedroom Apartment for Sale in Hereford
Photo of Established Pub with Two-Bedroom Apartment for Sale in Hereford
Photo of Established Pub with Two-Bedroom Apartment for Sale in Hereford

Overview

Tenure:
Leasehold
Established:
2005
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Well Equipped Business
  • Accommodation Included

For sale is a brilliant pub and restaurant, complete with a stunning two-bedroom apartment, located in Hereford.

The traditional town pub has a welcoming and cosy interior, with wood panelling and coal fires, that attracts an eclectic mix of loyal and regular customers.

They boast an extensive range of drink options, including an array of ales to cater to the client base. Offering food also, their fresh and delicious menu includes a variety of traditional pub food such as sandwiches, pies, quiche and chilli, alongside a number of Greek dishes.

Currently, the business has a free-of-tie lease that also includes a spacious two-bedroom apartment in a prime, beautiful location.

This acquisition would be a brilliant opportunity for an experienced landlord or restauranteur looking for an established business with strong foundations in place.

The cosy and traditional pub is situated in a picturesque area near the cathedral, benefiting from high levels of footfall and ample passing trade.

Their interior features dark panelling, stunning plasterwork and traditional furnishings, with a coal fire to light in the winter season for a welcoming atmosphere.

The pub shows an array of sports, and is now known to be the go-to place for avid football, rugby and cricket fans to sit back, relax and enjoy the game. They also host regular live music events featuring local and national bands for all rock and blues fanatics.

The growth opportunities for this pub are numerous. First of all, there is scope to partner with third-party delivery apps - such as Deliveroo or JustEat - in order to offer their food menu to customers who don't feel like leaving the house. This would also be a fantastic way to increase brand awareness and get in front of new potential punters.

The business would also benefit from a thorough digital marketing strategy, perhaps exploring some paid and organic work across social media to widen their existing audience.

The business lease includes a two-bedroom apartment, which would be suitable either as living accommodation for a new owner, or could be leased to tenants to provide further additional income.

Features

Online Presence

Location

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  • Residential Location
  • Close to Local Businesses
  • High Footfall
  • On-Site Car Parking
  • Limited Competition

Property

Annual Rent
£41,200
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Year)
2032
Accommodation Included
No
EPC Rating
TBC

Financial & More

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

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