£22,500.00 Leasehold (free of ties business for sale) with shared accommodation
13/8/2023 0 view
Established for over 100 years.
The star and garter has been home to some amazing locals that support the pub week in week out.
The pub space is fantastic and not to be missed because it is very deceiving from the outside, large function room perfect for gigs as seen on the stars Facebook page last year with sold out gigs from dedicated amazing local customers, upto 100 People inside and an extra 50 in the smoking area outside.
We currently have a shared accommodation upstairs with 5 rooms rented out bringing in £30,000 per annum with a third floor that can be converted to double this income to £60,000 pending planning permission.
The pub has been closed but a great chance to open just in time for summer, the residents are aware of the business downstairs and a separate access would be most beneficial to the new owner as the current entrance runs through the business but the private locked doors upstairs means no entry from customers.
Current profit is around £14,000 per annum but that is with the business downstairs closed, the business potential is huge as the rent and bills are paid for by the tenants with additional profit.
The lease is for 5 years or longer if required.
Please feel free to ask us any questions.
Kind regards.
Asking price £22,500.
Ad ID: 1459353948
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