Restaurants in Piercebridge available for sale
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Restaurants for Sale near the Piercebridge, UK

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Restaurants for Sale Within 10 miles of the Piercebridge, UK

More details for 1 Saxon Green, Escomb - Retail for Sale

The Saxon Inn - 1 Saxon Green

Escomb, DL14 7SY

  • Retail for Sale
  • £475,000
  • 8,000 sq ft
  • Air Conditioning
  • Security System
  • 24 Hour Access

Escomb Retail for Sale

Blacks Business Brokers are proud to bring to the market this freehold pub and restaurant located in the much sought after area of Escomb, Bishop Auckland. In addition to the pub, there is now a 3 Bedroom Adjacent Property included in the sale. INTRODUCTION The Saxon Inn has been in operation for over 400 years here on Saxon Green and over that time it has firmly established itself within the local community. Our client has been in ownership here since 2000 and has enjoyed this exceptionally popular pub, with loyal customer base and great reputation. LOCATION Escomb is a village on the River Wear close to Bishop Auckland. The area is well populated and very much sought after. This business is situated in the heart of the village, within an affluent residential area. REASON FOR SALE The business is only being offered for sale due to retirement, opening up an exciting opportunity for a new owner to enjoy this busy and popular pub. LEASE This is a freehold sale. No lease details applicable. BUILDING LAYOUT AND DESIGN The business is housed within a beautiful, centuries old property, with manicured and pretty surroundings. This elevated corner location gives the building a real feel of grandeur before even seeing inside. The position within a historic village means that the business benefits from both local trade and tourism. To the rear of the building is a large, private car park for patron use. Inside, the pub area is cosy and welcoming with a traditional feel and bar. The restaurant area is more modern, with spotlights, colour themed décor and matching accessories – the business offers seating for 72, 40 of which are in the restaurant and 32 in the lounge diner. The building also benefits from a beer cellar and garage. All areas are well presented. The property expanded the building in November 2018 adding in a bed and breakfast, with 9 brand new double en suite bedrooms. STAFF The business currently has eleven members of staff in place on PAYE contracts. FINANCIAL DETAILS Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. Annual Accounts Available 31 March 2022, Annual Turnover £392,933 Annual Gross Profit £266,150. Additional Refurbishment in 2020, resulting in increasing turnover with B&B (9 Double En-Suite Bedrooms). In addition to this, there has previously been investment of over £300,000 in 2018. Most customers are from the local area as one would expect, with additional passing trade from visitors and tourists to the area. SUMMARY This freehold business offers a solid income stream, with much scope to develop the business further through some changes to this impressive and sizeable building. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Contact:

Blacks Business Brokers

Property Subtype:

Restaurant

Date on Market:

21/12/2022
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FAQs about Restaurants For Sale in Piercebridge

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How many Restaurant listings are available for sale in Piercebridge?
There are currently 0 Restaurants available for sale near Piercebridge. These Piercebridge Restaurant listings have an average size of. The largest available listing in Piercebridge is. The thriving commercial centre and excellent transport links in Piercebridge make it an ideal location for businesses to find suitable Restaurant for sale.
How much does it cost to buy a Restaurant in Piercebridge?
The average price/SF for Restaurant for sale in Piercebridge is about. The cost per sq ft for Restaurant in Piercebridge ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Restaurants in Piercebridge?
Several factors can impact the price of Restaurants, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot.
What is the largest Restaurant available for sale in Piercebridge?
Currently, the largest Restaurant available to buy is and the smallest is. The average size of Restaurant available for sale in Piercebridge is approximately.

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