Public House Business in Shefford Bedfordshire For Sale

Shefford, Bedfordshire, England

Advert Ref: 3278

Business Description

Preferred Commercial is delighted to offer for sale this popular town centre public house which was established in the 1600s and which has been in our client's hands since 2009. The business is only now being placed on the market due to our client's wish to retire. The business generates a turnover in the region of £400,000 per annum with a gross profit of 52% derived from wet sales only. The Cornerstone is a popular karaoke and live entertainment venue and offers Sky Sports. There is scope for a new owner to increase turnover by offering food as there is a recently refurbished commercial kitchen which is currently unused. There is also scope to extend the opening hours as at present the pub is not open to its full licensed hours. A new owner could also embark on a modest marketing campaign and introduce a web site offering information about upcoming entertainment. Early discussions with Preferred Commercial must come highly recommended.

Business Status

Sale agreed

Property

Leasehold

Lease Terms

Original length: 10 years Remaining: 7 years Review: every 5 years Rent: £36,497 per annum

Location

The Cornerstone public house is ideally located on a prominent corner location in the heart of the town centre of Shefford in Bedfordshire. The pub is surrounded by a wealth of shops and complementary businesses, including the Post Office, banks, and local supermarkets. The Cornerstone benefits from a high footfall and is close to two large public car parks. Shefford is a delightful market town surrounded by beautiful countryside and woodland. The town lies 9 miles southeast of Bedford and 14 miles north of Milton Keynes. Junction 12 of the M1 motorway lies approximately 10 miles away, while the A1(M) lies just 5 miles to the east.

Premises Details

2-storey public house premises with 2 bedroom owners' accommodation, situated on the corner of a prominent town centre high street. Briefly comprising:

Ground Floor

• Bar lounge with seating for approximately 70 persons, 4 x TV screens with Sky Sports, raised stage and dance floor area, pool table with lighting and multiple games machines.

• Bar with 3 x single door bottle chillers, 10 x points of dispense, 4 x soft drink dispensers, 3 x wine dispensers, hot cabinet and electronic cash register.

• Utility area to the rear of the bar with 2 x glass washers, ice maker, bottle chiller, coffee machine and sink.

• Gents and Ladies W/C with hand basins and dryers.

• Cellar which is fully pumped and piped.

• Fully racked and shelved storeroom.

• Commercial kitchen which was refurbished in 2009, oven, 2 x microwave ovens, double electric hob, double fryer, stainless steel upright freezer, upright refrigerator, new griddle, 4 x stainless steel preparation tables, sink, hand wash basin, Panini grill, toaster machine, stainless steel racking unit and extraction canopy

• Store room with shelving and racking, washing machine

First Floor

• Landing area with CCTV monitor and seating area, access to balcony

• Large master bedroom

• Kitchen/diner with a range of fitted wall and base units

• Bathroom with shower over bath, WC and wash basin

• Lounge with feature fireplace

• Double bedroom

External

• Large car park to rear with space for up to 30 vehicles

• Patio area with smoking shelter and picnic benches for approximately 25 persons

• Large balcony to first floor

Trading Hours

Mon - Thurs: 12.00pm - 11.00pm Fri - Sat: 12.00pm - 1.00am Sun: 12.00pm - 10.30pm

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.