Highly profitable city centre pub priced for quick sale, Wiltshire
Turnover £221,682 per annum (y/e 31.07.14), genuine growth potential
26 cover dedicated dining room plus 60 covers bar area plus beer garden
Excellent reputation, leasehold at a good rental, tied only to beers, viewing recommended
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Reference - 44137 Description
This is an extremely rare opportunity to acquire a stunning leasehold pub which offers “a little piece of the countryside within the city centre” located right in the centre of Salisbury, Wiltshire.
The Royal George is ideally situated on the Bedwin Road just minutes walk from Salisbury city centre. The Royal George benefits over its rivals in the fact it has a delightful secluded beer garden, finished to a very high standard, a car park and owners accommodation.
The Salisbury area is renown for its affluence and military presence with some of the most stunning of the Wiltshire countryside upon its doorstep, a point which literally attracts thousands of day trippers throughout the year, who visit to take in the stunning natural scenery and beauty of this Cathedral City.
The Royal George is a traditional 15th century pub with additions made in the 18th century and was acquired by the present owners in 2004. During that time the business has earned an excellent reputation for offering a warm welcome, with well appointed facilities which ensures the business enjoys good reviews for its food, as well as frequent referrals and recommendations.
The vendor has developed the business including an overhaul and renovation of the property, which leaves a standard to be envied.
The Royal George has a compliment of well trained and motivated staff members, which is another major factor of the businesses success and reputation.
Within the kitchen, the vendors offer an excellence in food. Food sales are growing annually and with a capacity to serve over 80 clients within the dining room and bar areas, offering exceptional scope for a new person to continue the growth and success.
Since the business was established, the property has been sympathetically renovated, taking great care to preserve and enhance the historic character of the existing building.
The Royal George now offers a 26 cover dedicated dining room, 60 additional covers within the Turnover
Current turnover 2015 £246,142 Accounts
Available accounts are to year end 31st July and are summarised below: 2014 - Sales £221,682 gp £153,474 ebitda £53,866
Operated daily by the owner with 1 full time and 1 part time member of staff and casual labour when required.
Building External The impressive and highly visible detached 15th century brick and Slate roof building, has been sympathetically updated and extended in the 18th century, maintaining many of its original features.
A secluded beer garden is located to the rear. The beer garden offers a terraced and decked area, a covered section for smokers and mature lawns and plants. The beer garden is not overlooked and cannot be seen from the front of the pub, therefore is also void of road noise, A small car park is located to the left with additional car parks nearby. Building internal
The Royal George has a welcoming ground floor public bar and a separate 26 cover dining room, which is also used to cater for private functions. The bar area is traditional with the original beamed ceilings still in place, which support the traditional brassware found normally in country pubs. The whole place oozes character and traditionality.
There is a comprehensively appointed commercial kitchen with an extensive range of excellent quality, valuable catering equipment that has been well maintained.
To the first floor is the owners accommodation.
Externally there is a small private car park with additional parking nearby.
The general feel of the place is a countryside pub yet located in the heart of Salisbury. Residential accommodation
The Royal George comes complete with a 3 bedroom (2 Doubles) owner’s accommodation located on the first floor and also has a separate entrance from the pub or it can be accessed via the pub kitchen. In addition, the accommodation boasts a lounge area and a bathroom. The vendors use the downstairs kitchen, therefore offering a third single bedroom. This could be reverted to a kitchen again if required. Tenure
We are advised that the property is leasehold and the landlord is Enterprise.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification. Summary
This well known and highly regarded business has been successfully operated by the present owners for many years and is only now being offered for sale due to retirement.
Due to all the scope available with this sale and the excellent profitability, it represents a first class opportunity for an enthusiastic husband and wife team. Viewing is highly recommended.
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