Status: Completed
Tenure: Leasehold
Leasehold Rent: £1,600 per month
Turnover: £130,000
Canal Side Pub for Sale in WiltshireCanal Side Pub for Sale in WiltshireCanal Side Pub for Sale in WiltshireCanal Side Pub for Sale in WiltshireCanal Side Pub for Sale in Wiltshire
£165,000 + SAV

Canal Side Pub for Sale in Wiltshire

Completed
  • Reference: 1538
  • Location: Pewsey, Wiltshire
Hilton Smythe welcomes to the market The Waterfront Bar and Bistro. This traditional public house offers fine foods and real ale in the most stunning of locations. Established by our clients in 2001 the business is in a fantastic trading position taking advantage of the high volume of tourists to the area. The 28 cover bistro offers traditional English fare all served with complementary real ales and fine wines. The eatery has recently been refurbished throughout and now offers a relaxed stylish ambience to dine in. The 30 cover public bar area is stunning, opening into the roof space and with exposed beams and feature fireplace offering a cosy elegant space to unwind. There is also additional seating for approximately 60 covers in the garden. The Waterfront Bar and Bistro has a 5 star hygiene rating and has been awarded the Pub of the Month February 2013 from the Wiltshire Gazette and Herald. The garden is fantastic, a lovely space to relax, with stunning views overlooking the canal and moorings. Additionally, there is an Ice cream cabin serving award winning Marshfield Ice cream always popular on sunny days. Furthermore, the business comes with a lovely cottage style living accommodation, with conservatory and 3 bedrooms perfect for a family. This is a fantastic opportunity to purchase a fantastic profitable business, fantastic lifestyle in this beautiful part of the country. Business Established: Established by our clients in 2001 Number of Employees: The business is owner run and managed. Trading Hours: The business opens:- Monday closed, Tuesday to Sunday 12noon - 3.00pm and 6.00pm to midnight. Lease Terms: We are advised Leasehold. A new lease is currently being negotiated with proposed lease for 24 years and rent at £1600 per calendar month. The landlords are The Canal and River Trust. Furniture, fixtures and fittings are available.

TENURE

We are advised Leasehold.

A new lease is currently being negotiated with proposed lease for 24 years and rent at £1600 per calendar month.

The landlords are The Canal and River Trust.

HOURS

The business opens:-

Monday closed
Tuesday to Sunday 12noon - 3.00pm and 6.00pm to midnight.

STAFF

The business is owner run and managed.

FINANCIAL PROFILE

The business reports a healthy turnover of £130,000 per annum with reported gross profit at 47%.
Location Description: The Waterfront Bar and Bistro is set against the stunning backdrop of Pewsey Wharf. In a prime trading position alongside the towpath of the navigable Kennet and Avon Canal. This idyllic location is an extremely popular resting place with narrowboats and cruisers mooring in the vicinity. The business is located on Marlborough Road, the A345 the main thoroughfare through the centre of the large village of Pewsey, surrounding by picturesque Wiltshire countryside and around 80 miles from London. Just a short drive to Marlborough to the north and Devizes to the west. The village is south of the popular tourist attraction at Avebury Stone Circles and Stonehenge. Pewsey attracts many visitors playing host to a beer festival in July and being the start and finish point of the Devizes to Westminster canoe race. The village has a population of circa 3500 residents and boasts the oldest carnival in Wiltshire held annually for two weeks in late September. The village is also served by its own railway station, and the M4 motorway is in close proximity making Pewsey a popular location for commuters as well as the many visitors to the region.
Premises Details: Red bricked traditional building set alongside the Kennet and Avon Canal and briefly comprises:- Ground floor licensed bistro with 28 covers, recently refurbished providing a stylish eatery, bar server, under counter chiller, fridges and till. Behind the bar area is the fully functioning kitchen housing large wall mounted oven, 2 fridges, 2 electric hobs, double griller, two fryers, dishwasher, 2 upright fridges and stainless steel preparation area. There are toilet facilities also on this floor. To the first floor is the large tastefully decorated public bar area, open into the roof space, feature oak beams, tables and chairs laid for 30 covers, bar stools, fully stocked bar, spirits, beers, real ales, 2 coffee machines, under counter chiller, till, PDQ machine, feature fireplace. There is one toilet off the main bar area. Ground floor cellar outside the bistro, chilled with barrels and pipes. There is also a separate fully piped cellar for the bistro. Lovely rear garden overlooking the canal and moorings, 10 wooden bench style seating, each with parasol. Ice cream cabin, ice cream fridge, chest freezer and upright fridge. Externally there is a large pay and display car park to the front, with private parking for 2 cars, plus additional parking for 6 cars in private bay. There is the benefit of a 75m space between the slipway and culvert post for mooring. Living Accomodation: Owners Accommodation The private accommodation has separate entrance and briefly comprises:- entrance via glazed conservatory leading in the hallway, large kitchen diner with fitted cupboards, sink, wooden work surfaces and tastefully decorated throughout. To the first floor are 2 double bedrooms, a single bedroom/office and tiled bathroom with shower unit, toilet and wash basin.