Hilton Smythe welcomes to the market The Globe Inn. This 18th century public house and restaurant has been under the careful ownership of our clients for the last six years, resulting in year on year growth to the profitable business it is today. Currently the business reports a yearly turnover in the region of £555,000 with gross profit at 56%.
The Globe Inn is renowned for being family friendly benefitting greatly from the many camp sites and caravan parks in the area. The business is also well supported by the local community and often hosts special occasion parties for residents. The Globe Inn also has an excellent reputation as a destination eatery with a team of friendly and professional staff. The restaurant can cater for up to 72 covers, and serves quality pub food at very reasonable prices, alongside a wide selection of guest ales and extensive wine list, with a 55/45 wet/dry split.
This former coaching house is charming, very well maintained throughout with original features including lovely exposed beams and décor in keeping with the style of the premise and good quality furnishings.
Above the business is a superb and substantial owner's accommodation with four double bedrooms, making this a fantastic opportunity for perhaps a family looking for a lifestyle change in this lovely location.
TENUREWe are advised Leasehold.
A new 10 year lease is available.
Rent is currently £50,000 per annum.
HOURSThe business opens:-
Monday to Thursday 12.00pm - 11.00pm
Friday and Saturday 12.00pm - 12.00am
Sunday 12.00pm - 11.00pm
STAFFThe business is owner run and managed with the assistance of 17 members of staff.
FINANCIAL PROFILEThe business reports a turnover of £555,000 per annum with reported gross profit at 56%.
This charming 18th century public house and restaurant nestles within approximately a 1/3 acre site with large parking facilities in the coastal town of Porthcawl.
Porthcawl lies on the south west coast of Wales around 25 miles from the City of Cardiff and around 19 miles from Swansea. The town is a popular tourist resort, home to Trecco Bay, a large caravan park. The business is close to the many tourist attractions including many family friendly sandy beaches, Porthcawl promenade, the Grand Pavilion, Coney Beach funfair, a museum and 3 golf courses.
The town is accessible from the A4229 linking to junction 37 of the M4 motorway.
Large corner premise set in around 1/3 acre of land.
The front bar has seating to perimeter walls to suit trade, exposed beams, projector tv, electronic games machines, bar servery with 13 dispense points plus 4 ale pulls, 2 chillers, optics, epos till system and ladies and gentlemen's toilet facilities.
The rear bar/restaurant has quality carpeted flooring, exposed beams, bar servery with 4 dispense points, epos system, 2 chillers, optics display, 72 cover restaurant and ladies and gentlemen's toilet facilities and disabled facilities.
Good sized commercial kitchen with stainless steel work area, stainless steel extraction system, 6 burner range, double fryer, fridge/freezers, double sink, grill and griddle.
Additional store room.
On the first floor is the owner's accommodation briefly comprising 4 large double bedrooms, kitchen, lounge, dining room and bathroom.
There is disabled access to all levels.
Externally the business benefits from a large rear car park, seating area, wood store, cellar and store room.