The Eastern Counties office of Specialist Commercial Agents Sidney Phillips, is offering a sizeable and successful public house and restaurant for sale, situated in the Nottinghamshire town of Hucknall.
The Half Moon occupies a three-storey building of brick construction which benefits from a private owner’s garage and parking space. The property is situated in the Nottinghamshire commuter town of Hucknall with direct tram links to the Nottingham city centre, located approximately 5 miles north.
Our client has operated the Half Moon for just over 5 years and during this time has transformed and refurbished an under trading business and built the business into a popular family-friendly community public house serving a detailed British food menu. The business is the proud recipient of the Best Bar None 2016 Judges Choice Award and continues to be well reviewed. The most recent accounts look extremely healthy with a yearend gross turnover in the region of £720,000 resulting in an approximate net profit of £130,000 per annum, giving the new freeholder the opportunity to make back the marketed asking price within just over 4 years.
Zaine Lamont Regional Valuations Manager of Sidney Phillips Eastern Counties office who is responsible for bringing the property to the market commented: “The Half Moon represents a superb opportunity for both an experienced or first time operator to take the reins of a popular town centre public house and restaurant. The business is already highly profitable and there is scope to improve these profits as the business does not currently cater for live sports or entertainment events.”
The Freehold interest of The Half Moon in Hucknall is being marketed off an asking price of £550,000.
For further information about this business for sale, please contact Sidney Phillips’ Eastern office on 01522 500059 or Click here for more detail.