Sidney Phillips have announced the sale of the New Dawn Inn in Gloucestershire, an exciting high turnover pub and restaurant business.
The New Dawn Inn sits on the edge of the pleasant Gloucestershire village of Newton, just a few miles north of the cathedral City of Gloucester. It is a very sought after and attractive location with convenient access to the Gloucester ring road and the M4 and M50 motorways.
The property itself is an attractive cottage style pub much improved over recent years. It offers three section trade areas with seating for over 100 customers, spacious owners accommodation, superb catering service rooms and is set in a large plot with three garden areas to front and rear providing seating for approximately 50. It is without doubt one of the areas highest trading public houses renowned for the quality of its cuisine and good service with annual gross turnover in excess of £1 million and certified net profit of over £100,000, offering a purchaser a high return on their investment.
The New Dawn Inn is held on a favourable free-of-tie lease, allowing the owner to purchaser their wet products at a competitive price despite rising inflation and costs of goods.
Sidney Phillips have sold the leasehold interest off an asking price of £145,000 to an experienced operator who will be continuing this thriving business in the same successful manner that it has become well known locally for.
For further information about bars, clubs and pubs for sale or to let or how to sell your business, please contact Sidney Phillips on 01981 250333 or please take a look at our Buyer’s Guide.
(February 2022)