The Riverside Inn occupies substantial detached premises, ideally located in a prominent trading position on the River Wye, in the town of Ross-on-Wye, Herefordshire. The premises benefit from ample private parking and are surrounded by picturesque countryside with views over the river. There is a variety of complementary independent shops and businesses close by and there are a number of bus stops, within easy walking distance. The business boasts easy access to the A-road network and the M50 is less than 2 miles away. Ross-on-Wye was the birthplace of the British tourist industry in the 18th century and is still a popular tourist destination today. Hereford is approximately 14 miles to the north and Gloucester lies 16 miles to the east.
Preferred Commercial is delighted to offer for sale this village public house and restaurant, which was established in 1970 and which has been in our client’s careful hands since 2008. The pub is only now offered to the market due to a change in our client’s family circumstance. The business is currently run at a pace to suit our client and trades all year round. The pub has a wet/dry split of 50/50 and is free of tie. The Riverside Inn offers a wide selection of food, fine wines and beers and boasts 3 x en-suite letting rooms. There is the opportunity for a new owner, to increase turnover by running the restaurant to full capacity. The turnover could also be increased by embarking on a modest marketing campaign and introducing a website. The business has an excellent reputation and enjoys much repeat trade. The 3 x en-suite letting bedrooms have recently been refurbished and finished to a high standard. The premises are well-equipped to suit the trade with a spacious dining area with tables and chairs for up to 28 covers and an extensive outside seating area with tables and chairs for over 400 covers. There is extensive owners’ accommodation to the first floor, with 3 x en-suite double bedrooms, 1 x single bedroom, linen store and bathroom. There is potential to convert the linen store to a lounge/kitchen. This is an ideal opportunity to acquire an already popular public house, in such a desireable location and with scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
T/O: TBA
GP: 58%
Mon – Sun: 11:00am to 11:00pm
Substantial detached 2-storey public house premises with restaurant and letting rooms. Briefly comprising:
• Bar area with 12 points of dispense, 2 x chillers, optics display, coffee machine, glass washer, electronic cash register, exposed brickwork and beams, seating, log burner, large TV and music system
• Restaurant with exposed beams, log burner and wooden table and chairs for up to 28 covers
• Commercial kitchen with 6-burner range, double fryer, single fryer, 2 x microwave ovens, grill, work areas and extraction unit
• Preparation area with 5 x fridgefreezers, double commercial sink unit, dishwasher and wash hand basin
• Ladies and gents WCs with wash hand basins
• Beer cellar
Letting accommodation:
• 2 x family bedrooms with en-suite shower, WC and wash hand basin
• Double bedroom with en-suite shower, WC and wash hand basin.
Owners’ accommodation:
• 3 x double bedrooms with en-suite facilities
• Single bedroom
• Linen store, suitable for conversion to lounge/kitchen.
• Extensive decked area with wooden tables and chairs for over 400 covers and outside music system
• Ice cream kiosk to rear
Leasehold
Original length: 12 years
Remaining: 8 years
Review: every 5 years
Rent: £20,000 per annum
To view this business please contact Rod Burney at Preferred Commercial or a member of the sales team on Tel:08448 711484 and quote Ref:2586 at an asking price of £99,950 Leasehold.
An ideal opportunity for a business adventure in a beautiful part of the UK