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Public House Located In Plymouth For Sale

Plymouth, Devon
Asking Price:
£169,999
Sales Revenue:
£260,000
Cash Flow:
Available on request

• Popular Plymouth Public House
• located in the sought after Barbican area of the city
• Overlooks the harbour
• Well-presented throughout
• 3 bedroom owner’s living accommodation
• Additional 2 bed apartment
• Healthy turnover and profits just on wet sales
• Enormous scope to improve profits by offering food
• Excellent local reputation
• Desirable highly visible trading position
• Good mix of complementary businesses nearby

Falcon Commercial is delighted to offer for sale this well-presented Public House which occupies a prime trading position in the Barbiacan area of Plymouth just a few steps from Harbour.
The Maritime Inn benefits from good sized 3/4 bedroom owners accommodation with private kitchen. It has been under the proud ownership of our clients since 2004 and is now reluctantly being placed on the market as the owner wishes to retire.
During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, selection of Gins and friendly service.

This extremely well presented turnkey Public House enjoys a highly visible trading position on one of the most well-known and popular trading streets in Plymouth. The location is extremely popular with both locals and visitors to the area who travel to Plymouth from all over the world. This thriving business is operated as a wet led Public House with additional income being generated from the 3rd floor apartment which is rented out as a holiday let.
The business is run by our client with help from a dedicated team of full and part time staff and generates a turnover in the region of £260,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover and profits by introducing food sales

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended

Business Details

Opening Hours
• 11.30am – 11.00pm Monday – Thursday
• 11.30am – Midnight Friday
• 11.30am – 1.00am Saturday
• Midday – 11.00pm Sunday

Turnover
• £260,000 Per year
• Turnover spilt - Wet 100%


Business Rates
Business rates payable: Nil
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website

Stock
The business stock value is: £2,500

Staff
The business is run by the proprietor with help from a dedicated team of full and part time staff who work on an agreed rota basis.

EPC
Commercial Energy Performance rating: TBC

Tenure
• Leasehold
• We are advised that the lease is for 3 years and has 1 years remaining. The current annual rent payable is £33,000.


Legal Costs
Each party to bear their own legal costs incurred in the transaction. This may not include the landlord’s costs.

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP

Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou

Property information

Property:

Leasehold

Leasehold Type:
Existing
Leasehold Rent:

£33,000 per annum

Location:

Plymouth has seen some massive changes over the last few years and presents itself as a thriving shopping and dining mecca, with a £27m budget to further improve over the next 5 years.
A stroll through the cobbled streets of the Barbican will allow you to learn about some of Plymouths rich history; from the Pilgrim Fathers who set sail aboard the Mayflower Ship in 1620, to the Plymouth Gin Distillery which has been in operation since 1793 and the Elizabethan House - a rare surviving example of its time. A short walk away, Plymouth Waterfront and The Hoe boasts some of the most spectacular views the south west coastline has to offer.
There are many tourist attractions in and around Plymouth to include; various museum and art galleries, the National Marine Aquarium and various boat trips to Mount Batten, Drakes Island and nearby points of interest.
Plymouths surrounding areas provide plenty of countryside to revel in some outside fun, with the stunning Dartmoor National Park just a short drive north of the City and Cornwall just the other side of the river Tamar, enjoying some beautiful beaches and picturesque villages.
The transport links are easily accessible to reach further afield, be it by ferry, rail, bus or coach. London Paddington is just 3 hours away by rail and the ferry to Roscoff, France takes only 6 hours with up to 2 services a day.

Premises Details:

Substantial and well maintained leasehold building, benefiting from being in a highly visible position on Southside Street. The area contains an excellent mix of complimentary independent owned and multiple businesses.
The premises have been well maintained and are fitted and presented to high trade specifications throughout. These charming premises provide outstanding and highly functional internal business accommodation.
The premises briefly comprise:

Ground Floor
• Open plan bar area with main wooden faced servery and second smaller servery. 45 covers mainly at wooden tables and chairs.
• Cellar

First Floor
• Ladies Toilets
• Gents Toilets
• Commercial catering kitchen with extraction and dumb waiter
• Office
• Meeting room with kitchenette
• Store/workshop
• Staff cloakroom

Second Floor owner’s accommodation
• 3 x Double bedrooms
• Boiler room
• Kitchen
• Lounge
• Bathroom

Third Floor apartment
• 2 x Double bedrooms
• Lounge
• Kitchen
• Bathroom

External
• Seating for 18 customers under an awning overlooking the Parade

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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