Free of Tie Public House in Southport, Merseyside for Sale

PR9 0DF Southport


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This business is marketed by

Hilton Smythe View more business for sale by this agent

BUSINESS
Hilton Smythe is delighted to welcome to the market this Irish themed free of tie public house in Southport, Merseyside. The business was established in 1995 and has been in our clients careful hands since 1998.
 
The business is only now being offered to the market due to our clients desire to take a well-deserved retirement. The business is open 7 days a week and generates a superb turnover in the region of £194,000 per annum with a gross profit of approximately 54%, as of the 2015 accounts.
 
O’Learys Bar Ltd is a popular free of tie public house with an Irish theme. The business has a lot of repeat clientele and an excellent reputation for its live music, which is on 3 days a week.
 
We feel the business has huge potential to improve, currently the business is run at a pace to suit the owner and could benefit greatly from a more hands on owner. The public house currently does not offer food, and could profit significantly by introducing foods.
 
This is an excellent opportunity for a new owner to take this well-established business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.


LOCATION
O’Learys Bar Ltd is located in Southport, Merseyside.
 
Situated just off the main busy high street, the business has an excellent footfall from passing shoppers and local residents. The business benefits from being short 5 minute walk away from Southport Train Station.
 
Southport is a large seaside town in the Borough of Sefton, Merseyside. The town is reported as having a population of circa 92,000.  The town is situated approximately 17 miles to the north of the City of Liverpool and 15 miles  southwest of the City of Preston
 
The town is one of the most popular seaside resorts in the UK. It hosts various events including an annual air show on and over the beach, and the largest independent flower show in the UK in Victoria Park. The town is at the centre of England's Golf Coast and has hosted The Open Championship at the Royal Birkdale Golf Club.

PREMISES
Eye catching double fronted parade premises, briefly summarising:-
 
O’Learys Bar Ltd is an Irish themed public house, with a red and green colouring throughout the premises. The premises is fitted to high standard and is presented superbly.
 
Basement:
The basement is currently used as a storage area and an area for the beer lines. The basement is accessed through the main bar.
 
Ground floor:
The ground floor consists of the main bar area, the area is fitted with wooden tables, bench seating and standing tables with stools with cover for 30. A large wooden bar is in place with a preparation area behind the bar.
 
Toilet facilities are in place near the bar.
 
First floor:
The first floor contains further seating with cover for up to 20, a red pool table and a balcony area.
 
First floor kitchen:
The kitchen is fitted with a fridge freezer, microwave and sink area.
 
Equipment:
High quality wooden tables and chairs.
1 x 40 inch Samsung flat screen TV.
1 x quiz machine.
2 x fruit machines
1 x pool table on a 60/40 split with supplier (60% for landlord).
 
Security:
The premises is fitted with a CCTV system.

TENURE
We are advised Leasehold. Original lease length: 5 years Remaining lease length: 5 years Reviewed every: 3 years Rent: £15,600 per annum
HOURS
The business is open: Monday - Saturday: 11am till 12am Sudnay: 12pm till 12am
STAFF
The business is owner run and managed with the assistance of 3 staff members.
FINANCIAL PROFILE
We are advised the business generates a superb turnover in the region of £194,000 per annum and a gross profit of approximately 54% as of the 2015 accounts.



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business information

Sale price: Price on application
Tenure : Leasehold
Status: Available
Sectors:
Pubs and Hotel Property
Pubs Businesses
Pubs
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