Quayside bar & restaurant with strong net profits for sale

Quayside bar & restaurant with strong net profits for sale

Licensed property specialists, Sidney Phillips, are marketing the freehold sale of The Lifeboat, Maryport. The established bar and restaurant is located in the pretty harbour town of Maryport which has striking views out into the Solway Firth and across to Scotland. The town is within easy reach of Carlise and The Lake District National Park and located on the A596 with links to the A66 and M6 motorway.

The property offers harbour views and comprises of ground floor trade area for 20 covers with a second trade area to the first floor (50) and well equipped trade kitchen. A trade patio to the rear of the building offering seating for 36 with sheltered seating area to the front of the property to accommodate 50 and parking for 4 vehicles.

Our clients have operated the business for over 20 years and it is well established and very popular with tourists visiting. The restaurant covers 1000 customers per week with accounts for the year ending March 2022 showing turnover producing £556,937 with net profits of £180,666.

The Lifeboat is for sale at a freehold asking price of £299,000. To enquire, please call our North West office on 01512 204879 or email northwest@sidneyphillips.co.uk.

(9th April 2024)

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