Traditional Pub/Investment Opportunity With Planning
- Asking Price: £549,995 +SAV
When the business was open, it generated a turnover in the region of £43,000 per annum, with a gross profit of approximately 60%.
- Tenure: Freehold
Hilton Smythe is delighted to welcome to the market this investment property in Hendre, just outside Mold in Flintshire. Prior to its recent closure, the business was a well-established and popular traditional public house. The business has since been closured due to the current pandemic situation. All the equipment inside is still there. The business was established in the 1700s and has been in our clients` careful ownership since 1997. Only now is this investment opportunity being offered to the market due to our clients` desire for a well-earned retirement. The business was open one afternoon and 7 evenings per week. During that time, it generated a turnover in the region of £43,000 per annum, with a gross profit of approximately 60%.
Our clients offered a wide variety of beverages including beer, ales, wine and spirits, as well as soft drinks and juices. The business had an excellent reputation within the area for the friendly and wonderful atmosphere offered, which has resulted in a very loyal client base with a vast amount of repeat trade and word of mouth referrals.
This is a wonderful investment property in a stunning location offering the opportunity to develop the premises into a guest house/bed and breakfast business as our clients already have the planning permission to do so. The plans offer new owners the option to build new living accommodation, extend the number of letting rooms to 7 and to expand the restaurant/kitchen. The plans are available upon viewing the property. We are advised that a new central heating system has been installed.
The property is set on just under 2 acres of land and includes a ¾ acre field on the land, which has the potential to be used for alternative use such as events and gatherings or an investment opportunity as a large property including land. We feel there is scope to increase the turnover by reopening, extending the opening hours, as the public house was run at a pace to suit our clients. A new owner could also introduce food sales as the business only did wet sales. The public house would benefit from a small marketing campaign to highlight the business and services that can be offered. A website for the business could also be established to promote the business. This is an excellent opportunity for a new owner to open the business again, and take it to the next level; therefore, early viewing must come highly recommended.
The business was run and managed by the owner.
The business is now closed. Prior to its closure, it was open:
Monday – Saturday: 7.00pm – 12.00am
Sunday: 12.30pm – 4.30pm and 7.00pm – 12.00am
Y Dderwen, The Oak is set in a beautiful Welsh Valley near Mold in Flintshire. Nestled within a stunning backdrop of the Welsh hills and surrounding valleys and forests. The business benefits from a large car park to the side of the property for approximately 70 vehicles. Being located just off a busy A-road, the business benefits from a large volume of passing trade. The area is an extremely popular destination for tourists with a host of walker's, ramblers and sightseers drawn by the outstanding natural beauty of the region.
The area is served by the public transport system, with a bus stop located directly outside of the public house. The nearest railway station is in Flint, approximately 9 miles away. The area is also well served by the A-roads, with the business located just of the A541, which links to the vast A-road and motorway networks. Mold is approximately 4½ miles away and Chester is 19 miles away.
Substantial two storey, detached property, briefly comprising:
- Main lounge area with:
- Tables and chairs seating approximately 40 covers.
- Pool table.
- Large screen TV.
- Feature fireplace with wood burner.
Small lounge area with table and chairs seating 20 covers.
All the interior is still there.
Ladies and gents’ WCs.
To the rear:
- Owners lounge and dining area with cloth room with toilet facilities.
- Newly fitted kitchen.
- 2 x double bedrooms.
- 2 x single bedrooms.
- Newly fitted bathroom.
- Beer garden with large smoking shelter and BBQ area.
- Large car park for approximately 70 vehicles.
- ¾ acre field
Planning permission was granted in 2004 to extend the public house, which is still in force for 7 letting bedrooms. There is a restaurant, kitchen, extension to living quarters and double garage.
We are advised Freehold.