Description

Parker Barras are delighted to offer following highly successful and popular licensed premises on Stockton High St. The Riverbank has been trading for 3 years but was previously traded as The ClockTower for the 8 years prior.

The pub which is mostly staff ran, it currently trades as follows.

Tuesday - 12pm - 10pm

Wednesday 12pm-12am

Friday - Saturday 12pm - 3am

Trading at around £9,000 - £10,000 per week. There is huge scope for further increased sales with increased opening hours.

Currently Licensed as follows..

Opening hours

9am - 2am Sunday - Thursday

9am - 3am Friday - Saturday

Hours for supply of alcohol sales

10am - 1:30am Monday - Thursday

10am - 2:30am Friday and Saturday

12pm-1:30am Sunday

The property it occupies is held on a lease with 9 years remaining and 1 remaining break clause in 2029. The rent is £24,000 + VAT per annum.

Comprised of a ground floor seating/bar area with some exterior seating at the front of the property for 6 tables and 18 chairs. There is raised level on this floor for dancing. The further 2 floors are a 1 bedroom flat and a 3 bedroom flat on the top floor. The full property is £24,000 Per Annum + VAT and the lease is to be assigned.

A dumbwaiter is installed form the ground floor to the first floor which could enable potential for a kitchen conversion and a further offering of food alongside the already successful drink products.

Accounts are availble upon request.

An overall great pub in a popular town centre location trading successfully with further scope to increase offerings and opening hours to increase takings.

For Sale - £80,000