Old Country Inn For Sale Bristol, Somerset, United Kingdom Advert ref: PB480A Business description
The Old Inn is a traditional pub, incorporating six quality en-suite letting bedrooms, situated in the quiet east end side of Clevedon, North Somerset.
Recently refurbished, it offers a range of comfortable rooms available for bed and breakfast coupled with traditional home cooked food and speciality ales, beers and ciders. It has ample parking and a large enclosed, children’s play area and garden.
Main Bar Area
Three sections make up this area which was recently re-carpeted throughout and has attractive lighting, and the capacity to cater for a total of 80 covers while leaving plenty of space for standing customers. There are good toilet facilities, ample storage,and a good cellar.
The large bar servery was recently fitted and offers a wide range of beers, real ales, wines and spirits.
The main bar area has high beamed ceilings, an open working fireplace, window seats and is furnished with high tables and chairs, polished tables and upholstered seating.
The dining room at one end is well furnished with a selection of tables and chairs.
Behind the servery is a small but fully fitted and equipped kitchen which has enabled The Old Inn to establish a good reputation for quality food at reasonable prices.
On the first floor are six quality letting bedrooms all of which are en-suite with showers, toilets and wash hand basins. Four are Family Rooms, one double, and one single all of which are equipped with TVs and Compliments Trays. The tariff, which includes breakfast, is £50 to £75 and last years figures show an income of £55,000 at an occupancy rate of approximately 70%.
Employees: At present run by the lady owner with a bar staff wage bill of £76,000 which could be greatly reduced if a couple ran the establishment.
Property: Leasehold
Lease terms
A 30 year lease was granted in 1999, with 3 yearly rent reviews. The vendor informs us that the current rent is £69,000 p.a. and the lease is Full Repairing and Full insuring with a tie for beers and ciders.
Living accomodation
The owners’ accommodation adjoins the letting rooms and consists of a lounge, double bedroom, single room (office), and bathroom. Should the new owners require additional living space it would be simple to take over some of the letting rooms.
Location
The Old Inn is a traditional pub, incorporating six quality en-suite letting bedrooms, situated in the quiet east end side of Clevedon, North Somerset.
It is situated just half a mile from the M5 and is just 20 minutes from Bristol. It is the ideal stop-off point being close to Wales and the gateway to Devon and Cornwall.
Financing available
This business should readily support loan finance, subject to status. For further information, please contact Lakey & Co.
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| | Financial details Asking price: £149,950
Sales revenue: £538,580
Net profit: £71,000
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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