Leasehold Public House Located In Atherstone
Free of Tie Community Pub
Three Bedroom Accommodation Above
This respected Public House is located in the historic town of Atherstone in Warwickshire. Position within a prominent and highly visible trading location on Long Street which is one of the main roads into the one way accessed town centre. The town offers an array large Blue Chip retailers along with niche independent retailers. Atherstone’s economy has expanded rapidly since the 1980s, with several major companies such as TNT(1987), ALDI, and 3M (1990s) setting up their head office operations and/or national distribution centres in the town. The town is situated 6 miles (9.7 km) northwest of Nuneaton, 9.5 miles (15.3 km) southeast of Tamworth and 15 miles (24 km) north of the nearest major city, Coventry.
Asking Price: £39,950
New 5 year (Rolling) lease to be granted
Rent: £22,000 inclusive of VAT pa
Business rates: £8,000 pa
Council tax: £950 pa
Monday – Friday – 1.00pm – 11.00pm
Saturday & Sunday – midday – 11.00pm
(Licensed until 2am Friday & Saturday)
Veritas Business Sales are delighted to offer for sale this respected Public House which is located in Atherstone town centre. The property has been a watering hole for circa 100 years and has been in the careful hands of my clients for the past 9 ½ years and is now reluctantly be offered for sale so that they can enjoy a well deserved retirement. Since ownership they have invested in various fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Hat & Beaver is very much owner operated and employs the help of just 3 part time members of staff and has annual turnover of circa £180,000. Turnover comes from 100% wet sales where they have the benefit of being totally free of tie. They are a well known bass house, are in Camra’s Good Beer Guide and serve a fine range of cask ales, beers, ciders, wines, spirits and soft drinks. This is a regulars pub with a good early doors trade, is the first pub on the way into the town centre and benefits from a free car park opposite. They also have a good following for football & horse racing due to them showing Sky Sports. We believe that there is further potential to increase trade should you wish too by extending upon the current opening times and maybe introducing food sales. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with passers by. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Entrance door leading to hallway.
Bar with bar servery, single door bottle fridge, shelving for glass storage, cash register, TV and seating for (14).
Lounge with bar servery, wash basin, single door bottle fridge, shelving for glass storage, ice machine, 2 x TV’s and seating for (24).
Hallway with 2 x storerooms.
Ladies 2 x W/C, wash basin and wall mounted hand dryer.
Gents W/C, urinals, wash basin and access to a storeroom.
Cellar (Below ground)
One main beer cellar with beer drop, cooling systems, bottle storage area and 7 x keg tilts.
Fully fitted kitchen
2 x Double bedroom
Rear beer garden with smoking shelter with TV, decking, table & chairs.
Driveway with 3 x picnic tables
Brick built store room
Lean to storeroom area with bin area
Detached brick built storeroom
Parking for (6) with rear gated entrance
The property benefits from double glazing and gas fired central heating.