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Pub for Sale - Cumbria

The Cat Inn, Egremont.
Historic Grade II Freehold Public House/B&B (free of tie)
Location : Egremont, Cumbria
Asking Price : 219,000
A rare opportunity has arisen to acquire this well-established and popular public house with letting accommodation located in the bustling market town of Egremont, Cumbria.

The business was originally established in 1789 and has been in our client s careful ownership since February 2015. The business is only being offered to the market due to our client s unfortunate health problems. The sale comprises the freehold property with estimated market value circa 200-240,000 and the business within it. The business operates 7 days per week and we are advised generates a turnover in the region of 225,000 per annum, with a gross profit of approximately 60%.

The turnover is derived from the free of tie public house, which offers a wide range of beers, lagers, spirits and soft drinks. Our client also offers 6 letting rooms, which are currently occupied on a short term basis by contractors working at Sellafield, which is only approximately 5 miles away.

The property has been maintained to a very high standard and all the letting rooms are decorated to a very high standard throughout. After our client purchased the property it was completely refurbished. The refurbishment programme finished in February 2016.

We are advised that the government recently announced that 2.5 billion will be invested in Sellafield Nuclear Station refurbishment, also a new nuclear power station will be built at the same time in the same area. Copeland Council has already started investing in new housing, a shopping centre and other additional services to the community. The project is estimated to last until the end of 2027. Therefore there has been a significant increase in property prices in the area. It is also expected that the local population will grow substantially during that time.

Net Profit: N/A

Turnover: N/A

Asking Price: 219,000

Business Location: North West

Business Type: Business for Sale

Business Sector: Hospitality & Catering

Ref: AC352



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