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Village pub and restaurant in Cirencester, Northeast Cotswolds with 70+ covers and 3-bed accommodation

Cirencester, Gloucestershire, ID 166447

Village pub and restaurant in Cirencester, Northeast Cotswolds with 70+ covers and 3-bed accommodation 1
Village pub and restaurant in Cirencester, Northeast Cotswolds with 70+ covers and 3-bed accommodation 1
Asking price:
GBP £625 000
Turnover (per year): £529 000 gbp
Net profit (per year): £29 000 gbp
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Description

Centuries old character property Three section trade area with over 70 covers Trade garden and car parking Three bedroom owner accommodation Turnover £348,000 net of VAT Poulton is located approximately four miles east of Cirencester on the A417 Burford and Lechlade road The property occupies an elevated position on the main road in the centre of the village The Falcon Inn is a Grade II listed building constructed of stone beneath a pitched tiled roof with original features including flagged floors, exposed beams and stone walls The property provides interconnected trading areas catering for up to 70 customers, along with owner accommodation and enclosed garden Trade areas Ground floor includes main bar with seating for 15 to 18 and restaurant area with seating for up to 18, both served from a central bar Second restaurant area with seating for 28 Private dining room with seating for 18 Catering kitchen fitted with extraction canopy, non slip flooring and full equipment Wash up area and separate storage rooms Beer cellar with rear access Owner accommodation First floor includes three double bedrooms, one with en suite and one used as an office Kitchen and dining area, separate lounge and family bathroom External Two enclosed garden areas, including trade garden with seating for 30 Barbecue and pizza oven Car park with space for 10 to 12 vehicles Business Refurbished by current owners over 16 years Established dining trade Annual turnover £348,144 net of VAT with 62 percent gross profit Approximate net profit £90,000 Currently operating reduced hours of four and a half days per week Previous turnover £529,000 when operating six days per week Freehold £625,000 including goodwill, fixtures and fittings Stock at valuation in addition Premises licence permits alcohol sales from 10 am to 11 pm Monday to Saturday and 12 noon to 10.30 pm Sunday

Details

Real Estate: Real Estate Included
Asking price: 625 000 gbp
Turnover (per year): 529 000 gbp
Net profit (per year): 29 000 gbp

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