FOR SALE

By Private Treaty Leashold Interest:
'THE RED CAT'
Crank

Nr. St. Helens

‘Subsequent upon our clients’ purchase of a rural freehold Public House in Northumberland we are pleased to offer the opportunity of acquiring the Leasehold interest in this well known and popular destination Public House which occupies a prime position with open aspects (to farmlands) at the front.  The premises have, at considerable expense, been extensively refurbished by our clients and potential purchasers will, therefore, be able to operate immediately without any such expenditure.  The business has also been transformed by the vendors such that it now affords a profitable, food led, opportunity with an excellent turnover

 

ACCOMMODATION
Ground Floor
PUBLIC BAR.  TAP ROOM
2 DINING LOUNGES. (with a capacity for up to 60 persons)
BAR SERVERY.
Well equipped CATERING KITCHEN/WASH UP AREA. LADIES AND GENTLEMAN'S TOILETS

Sub Floor
BEER AND STORE CELLARS

First Floor
SEPARATE WELL APPOINTED LIVING ACCOMMODATION

Briefly Comprising:

2-3 Bedrooms. Lounge. Dining Room. Office. Modern fully fitted Kitchen. Tiled Bathroom with full suite and over bath shower

External
Enclosed rear yard area. Outside Store Room. Cold Store Room (former garage)
Extensive Car Park

Services
The property has mains Water, Electricity and Drainage. Full gas fired Central Heating. Intruder alarm and Close Circuit Television security system

Trading Levels
Our clients trading accounts indicate a turnover in excess of £370,000 per annum producing a Gross Profit Margin of some 55%.  Trade is split 60/40 (Food/Wet)

Typical prices at June 2007 are :-
Bitter - £2.30 per pint
Guest Bitters - £2.30/2.60 per pint
Carling Lager - £2.55 per pint
Premium Lager (Stella/Kronnenbourg) - £2.74 per pint
Guinness - £2.65 per pint
Cider - £2.65 per pint
Bottles (Becks, Budwieser, WKD, Corona etc) range from £2.10 to £2.40
Minerals - £1.10
Standard Spirit - £1.40 for 25ml measure
House Doubles are available at £1.99 for 50ml measure
Brandy - £1.65 for 25ml measure
Liqueurs - £2.00 for 25ml measure
Wine  -  £2.40 for 175ml measure £3.3 for 250ml measure
An excellent range of wines ranging from £12 to £19.00 per bottle
(Champagne £35.00 per bottle) are also available

Present Opening Hours are:-
Monday/Tuesday/Wednesday -
- Noon to 23.00 (food served Noon - 14.00 17.30 to 21.30)

Thursday/Friday/Saturday
- Noon to  Midnight (food served Noon - 14.00 17.30 to 21.30)

Sunday
- Noon to 23.30 p.m. (food served Noon to 20.00)

A good varied range of quality food is offered with an average of 60 covers per day producing an average of £10.00 per cover
 
Access will be given to our clients trading accounts only to genuinely interested parties in due course

Tenure
The property is held on a ten year Franchise Agreement from Messrs. Inn Partnership Ltd. (now Punch Taverns) The agreement commenced early in 2001 and contains review breaks at 3 year rests. The rental of £57,000 per annum was recently agreed.
A favourable purchasing discount from the standard trade price list, commencing at £35.00 per barrel, forms part of the agreement. 

Purchase Price
Including all trade fixtures and fittings (many of which have been renewed within the past 12 months) a price of £150,000 is sought.
A full inventory of the Fixtures & Fittings will be made available to interested parties in due course.

Assessment
THE RATEABLE VALUE IS £32000

Unified Business Rate 44.4 pence in the pound (2007/2008)

Viewing Arrangements
Which is highly recommended is strictly by appointment which can be made via our office.