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Asking Price
£48k (reduced for quick sale)
Description
Leasehold public house with 10 guest letting rooms, professional kitchen, large beer garden, car park and out buildings. New 20 year lease. Well established business, located in Suffolk coastal resort, 10 minutes from the beach and 15 minutes from the beautiful broads. The New Globe Inn has been on this site since the 1500s and was re-built in the 1800s when the road was widened. The windows, which are original stained glass globes are to the front and side of the premises and are a feature of the bar. The customer doors are situated in a corner location and there are double doors at the rear of the bar that lead out to the smoking area, beer garden and car park. The business premises consists of a public lounge bar measuring 14.07m x 8.54m. The area is split level and has approximately 40 seats. To the rear of the premises there is a fully equipped commercial stainless steel kitchen. The business trades as a traditional leasehold public house, offering a turnover in excess of £120,000 pa. Currently the sales only include wet sales with a residue income from gaming machines. However there is huge scope and potential in the catering business, given the location and size of the premises that a significant additional income can be generated through catering to include meals and light snacks. Also there is a further potential to develop the outside buildings. The 9 -10 letting rooms, upstairs at the moment, when fully occupied can bring in an additional £500.00 a week. The occupants are contract workers (room only basis), if improved and re-decorated and could include breakfast and or meals the accommodation could potently double that. The New Globe Inn is one of the leading venues in the town for live music every Friday evening and is well known for its wide range of music, anything from irish folk, rock, pop, indie, blues and punk and our very popular disco/karaoke every Saturday. There are three pool teams. This business offers an outstanding opportunity to be taken to the next level by open minded business individuals.
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