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Gastropub in Wells Somerset with 3-bedroom accommodation for sale

Wells, Somerset, ID 212585

Gastropub in Wells Somerset with 3-bedroom accommodation for sale 1
Gastropub in Wells Somerset with 3-bedroom accommodation for sale 1
Asking price:
GBP£69 000
Turnover (per year): £410 000 gbp
Owner
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Description

A well-established and highly popular gastropub located in the historic city of Wells. After 12 successful years, the current owner is ready to hand over this thriving business to its next custodian.The pub offers:• A stylish downstairs restaurant and bar area with a warm and welcoming atmosphere• Two separate upstairs lounge spaces, ideal for private functions or a relaxed setting where customers can enjoy their favourite drinks• Beautiful décor throughout, creating an inviting environment for both regulars and new visitors• A spacious three-bedroom apartment on the third floor, perfect for owner-occupiers or staff accommodationThe business continues to enjoy strong annual revenues, supported by a loyal local customer base as well as the steady flow of visitors to Wells, one of Somerset’s most popular destinations.In addition, there is an extra income stream, details of which will be shared with serious buyers.Key Points• Leasehold business with 11 years remaining on the lease• Proven and profitable operation with further potential for growth• Rare opportunity to acquire a gastropub in a sought-after locationInteresting Facts About Wells• Wells is one of Somerset’s most visited historic destinations• Wells Cathedral attracts approximately 300,000 tourist visits each year, in addition to around 150,000 people attending services• Wells has been recognised as one of the UK’s top inland towns and small cities for its scenery, charm and visitor experienceThis is an excellent opportunity for an experienced operator or hospitality entrepreneur seeking a character venue in a thriving tourist location.

Details

Real Estate: Lease
Asking price: 69 000 gbp
Turnover (per year): 410 000 gbp

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