Hilton Smythe is delighted to welcome to the market The Eagle. This large pub is long established; Originally this pub was established in 1958, but was taken over by or client in 1988. Our client is now looking to sell the business due to the desire to take a well-deserved retirement.
The current turnover for the business is an advised £80,000 with a gross profit of 71% as per 2016 accounts. The pub is currently run on the sale of alcohol and therefore we feel if the new owner was to look into serving food, there could be a high increase in regular custom, boosting income massively. A Sunday lunch should be something the buyer certainly looks into as this is always a great seller.
This pub is a fantastic size with so much potential. The function room could be promoted further afield, this would boost the amount of parties and functions held at this venue. There is a large room which is currently just used as a function room. There is potential to utilise this space throughout quieter times. The car park is a fantastic size and would be great for hosting parties with bouncy castles and other outside activities.
This is a great community pub, and there is a generous amount of repeat custom. The pub would be a fantastic opportunity for a purchaser with experience in this trade.
The business is tied to Admiral Taverns, this means that all beer is through them. However spirits, ciders and alcopops are all free of tie.
There are several gaming equipment which are owned by our client. We are advised this is a great source of income. There is a games area with a pool table and darts board. This would be a perfect pub for regular darts matches and pool tournaments it would also bring in large amounts of sales.
The property comes with a large 3 bedroomed owners living accommodation, perfect for a family.
This could be a fantastic opportunity for a purchaser interested in this type of property, we highly advise early viewing to admire the huge scope this business has.
The Eagle is located in Berwick Hills, Middlesbrough, North Yorkshire.
The business is run from a substantial sized property directly facing a retail parade of complimentary stores such as a take away, newsagents, off licence and also the housing office. This is a large residential housing estate which highly benefits the business. The pub has a large carpark to the back and there is also free on street parking.
The business is situated in a great location and is close by to many major a-roads. The A66 that runs through Stockton-On-Tees through to Darlington and connects to the national motorway networks is close by. Middlesbrough is just a short 10 minute drive from the property. There is also great public transport in the area that allows for an easy commute to outside towns. There are bus stops just a short walk away, there is also a train station close by.
The business is situated in a substantial sized premise which is perfect for the trade. This multi fronted detached property is well signed and is clear to passing trade.
Through the entrance you are welcomed by the large bar area with a capacity for 120 people. There is a fantastic amount of seating areas, which would be perfect for serving food. The central bar area has the darts, pool table and separate male and female toilets.
There is also a separate smaller bar which is a snug lounge area, this has a capacity for 60. Through here is access to the large function room. The function room has a capacity of 150, this space has a stage area with a computerised karaoke machine.
The owner’s accommodation is on the first floor to the back of the premise. There are 3 large double bedrooms a dining room, living room, kitchen/diner and bathroom. The flat has both internal and external access.
Equipment included in the sale is as follows-
Fruit machines - leased
Pool table – leased
Juke box - Leased
Gaming equipment – client owns
Computerised karaoke machine – client owns
2 x New bottle fridges which are yet to be installed
Fixtures and fittings
The pub comes fully equipped and all cellar and bar equipment are owned by the brewery.
The outside of the property comes with a large car park which is located to the rear of the premise. There is also a great sized purpose built smoking shelter with seating and picnic tables.
The property is well secured with CCTV fitted around, there are 3 bar cameras and 7 external, and there is also one in each public room. There are also shutters on the windows.
We are advised the business is Leasehold.
Original lease length: 6 years
Rent: £1,000 per month
However the lease is owned by Vaux brewery, it is a 6 year lease which is automatically renewed.
The business is open-
Monday - Sunday: 11am -1am
Full late licence.
The business is run and managed by our client with the help of 2 part time members of staff and cleaners.
The business generates a turnover in the region of £80,000 and has a gross profit of 71% as per 2016 accounts.