Canal Boat Pub for Sale on River Trent Near Newark Castle in Nottinghamshire

Description

Location:Situated on the River Trent with views of Newark Castle and Trent Bridge, the property is only a few hundred yards from Newark town centre. Newark lies on the Nottinghamshire/Lincolnshire border and benefits from good road links via the A1M. The town is home to notable attractions including Newark Castle, the National Civil War Centre & Museum, and Newark Golf Club.Property:The barge is a 100ft former grain cargo boat built in 1923 and converted into a public house.Trade Areas:* Top Deck: Seating for 56, carpeted flooring, darts board, fridge/freezer storeroom* Lower Deck: Open-plan seating for 100, wooden main bar servery, mixed carpet and wooden flooring, catering kitchen* Entrance Halls/Landings: Storage rooms, laundry room, and barrel cellar* External: Trade patio/beer garden with bench seating for 192Licence and Services:* Full premises licence for alcohol sales* Mains electricity, water, waste facilities, fire and burglar alarms* Rateable value: £26,000* Local authority: Newark & Sherwood District CouncilBusiness Overview:* Operated by the same family since 1980; owners seeking retirement sale* Freehold opportunity* Trade split: 75% wet sales, 25% food sales (menu includes cooked breakfasts and evening pizzas)* Popular for quizzes, live music, and private functions (weddings, parties, christenings, wakes)* Supports two darts teams* Managed by a manageress with 2 full-time and 14 part-time staff* Vessel renovated in dry dock in 2019 (£60,000)Financials (Year End September 2025):* Net turnover: £533,153* Net profit: £70,360* Adjusted net profit: £77,655 (adjusted for depreciation, travel, and motor expenses)This is a unique floating pub with strong local and destination trade, offering a substantial opportunity for an experienced operator or investor.