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SUPERBLY APPOINTED PROFITABLE FREEHOLD LICENSED GUEST HOUSE AND RESTAURANT FOR SALE, IN TWEEDMOUTH IN THE COASTAL TOWN OF BERWICK UPON TWEED, NORTHUMBERLAND WITH STUNNING VIEWS ACROSS THE RIVER TWEED

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  • Stunning coastal location close to large population centres.
  • Stylish Bar, separate Snug/Games room.
  • Well-presented 30 cover Restaurant
  • 5 double Letting Rooms, all en-suite
  • 3 bedroom owners' accommodation
  • Sun Terrace off first floor with well-presented rear garden.
  • Advised turnover circa £80,000 (excl.VAT) year-end Feb 2016
  • Trade split is approx. 90% accommodation, 10% food.
A TRULY SUPERB PROFITABLE BUSINESS IN AN IDYLLIC LOCATION

ASKING PRICE £399,950 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

The business is located in the Northumberland town of Berwick Upon Tweed in the locality of Tweedmouth, less than 2 miles from Berwick Upon Tweed Town Centre.

The property commands excellent views across the River Tweed towards the North Sea.

The area benefits from a good level of tourism due to the attractive Northumberland countryside and coast.

The property is easily accessible from the A1.

THE PROPERTY

This lovely Guest House has been awarded AA 4 Star status. It is located on the Dock Road and is an attractive double fronted property.

Entrance through the front door to a hall.

The Bar/Restaurant is a well-presented area extending the length of the property and carpeted throughout. The Bar Area has causal seating. The Restaurant Area is again, well presented with attractive décor and furnishings, seating for 30 covers.

There are well presented ladies and gents' toilets accessible from the restaurant.

There is a separate Snug/Games Room, currently housing a pool table and seating around.

A well-equipped Catering Kitchen (equipment not tested) includes stainless steel work areas, 6 ring gas hob and oven with a separate twin sink washing up area and walk in refrigerator.

A functional desk area is located between the kitchen and bar/restaurant.

OWNERS ACCOMMODATION

Located on the first floor to the front of the property comprising of 3 double bedrooms, a spacious lounge and private bathroom. All well presented in keeping with the rest of the property.

LETTING ACCOMMODATION

The 5 double letting rooms with en-suites are located to the rear of the property on the first floor. Each room is decorated and presented to a high standard. A door from the landing leads to a lovely raised decking area, with capacity to comfortably seat 6 people, which is popular with paying guests. All rooms offer TV, Tea and Coffee making facilities, clocks and hairdryers.

EXTERNAL

The property benefits from unrestricted roadside parking.

The rear garden is well presented with lawn area and well stocked borders.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon-Thurs 10am to 12 midnight

Fri, Sat 10am to 1am

Sunday 10am to 11pm

The business is currently being run as a guest house although all facilities are in place to operate the bar/restaurant. NB. Important. Prospective purchasers wishing to continue to operate the licensed business should ensure that they gain the APLH Qualification in readiness for their intended operation of the business.

GENERAL REMARKS

The property and business is being offered for sale freehold (although we have not had sight of the title deeds).

All mains services are connected, with gas central heating (no services tested). We are advised that business rates are assessed as being £2000 per annum although not currently payable.

THE BUSINESS

The current owners purchased the business in 2007 and have invested heavily to bring the property to its current well-presented condition. We are advised that accounts declare takings of circa £80,000 (excl. vat) in the year ending February 2016 generating an average reconstituted net profit of £33,000 over the last 2 trading years.

We are advised that the business benefits from high occupancy levels and healthy forward bookings.

The business is currently run by 4 family members and presents an excellent opportunity for the new owners to run as a guest house and/or develop the bar and restaurant facilities.

The business represents a turn key proposition to the new owners with all fixtures and fixtures included within the sale.

Accounting information will be made available to interested parties after viewing.

The property was viewed by Lee Davy who would be delighted to discuss further details and can be contacted on 07496 849424.

ADDITIONAL IMAGES

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