For Sale

Lively Community Well Known Pub

Great Yarmouth, Norfolk

£199,950

Ref: B04076

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe welcomes to the market The Coachmakers Arms, which has been a public house for decades and owned by our client since 2004. Our client is now looking to move to a different area.

The Coachmakers Arms is a traditional drinking pub which is well known as a music pub, having live music 3 times a week and karaoke every night. There is also a juke box and all sports channels apart from UK racing channel are broadcast on several TV screens in the bar. There is also a small outside seating area to the front which gains the sun all afternoon.

Taking only cash, the pub has strong links to the town having regular meat raffles and raising money for different charities on a regular basis. Another attraction to the pub is Billie the in-house blue and gold Macaw.

There is lots of repeat local custom along with the extra custom that the summer months bring.

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Freehold

We are advised the business is being sold as a freehold business opportunity.

Hours

The business opening hours:
Monday - Thursday: 10am - midnight
Friday - Saturday: 10am – 2am
Sunday: noon – midnight

Staff

The business is run and managed by our client, with the help of 2 part time members of staff.

Financial Profile

The Coachmakers Arms generated an advised turnover of circa £118,000 as of the 2017 accounts.
The assets in the building are worth circa £15,000.

Location

The Coachmakers Arms is located on a prominent corner position opposite the main car park at the Market Place in Great Yarmouth, Norfolk.

There is a large pay and display car park directly in front of the pub, which his free to park after 4pm, there is also a small parking area which our client rents at £1800 per annum, paid quarterly ay £450, which gives parking for 3 cars and a trailer.

Great Yarmouth is a popular seaside destination whose population doubles in the summer months, bringing in a high footfall.

Premises

With wooden flooring, double glazed windows and doors, four tables giving seating for 16 and extra bar seating.

There is a juke box on the wall, a fruit machine, Billies cage and access to the toilets to the rear.

The main bar area has ten lager taps, 2 guest ale pumps and a cider pump. Behind the bar there are numerous optics for spirits.

There are 2 display fridges and numerous shelving for glasses etc. There is also a glass washer and a further area under the stairs for spirits.

From the bar there is a door to the flat and a door to the cellar.

The cellar is chilled and holds all the kegs for the bar, there is a door from here to the kitchen.
The kitchen has wall and base units, range cooker with extractor fan over, sink, fridge freezer and door and window to the courtyard area.

The courtyard has a gate to outside and a covered area for further storage.
The flat has a double bedroom, recently fitted kitchen with oven hob and wall and base units which gives access to the lounge. There is currently a tiled bathroom and separate WC, this is about to be changed to a combined and refitted bathroom/WC

The entire premises has Upvc double glazing which has been fitted since the EPC of November 2013.

The entire premises is heated by gas central heating via radiators.

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