CUMBRIA – QUAYSIDE BAR AND RESTAURANT WITH STRONG NET PROFITS
Maryport, Cumbria
Ref: 47789
£299,000
Freehold
1 / 12
Key Features
Precis
Established & profitable free House in the West Cumbrian quayside town of Maryport.
Location
The Lifeboat Inn & Harbour Restaurant is located in the Cumbrian coastal town of Maryport, one of the southernmost towns on the Solway Firth. The town was the creation of the Senhouse family in the 18th century who took a small fishing village and developed it into a coal port. Notable points of local interest are Maryport Maritime Museum, Senhouse Roman Museum and Lake District Coast Aquarium. In recent years the town has been subject to much investment and development.
Carlisle lies 26 miles north, Keswick 26 miles east and Workington 6 miles south. The town is located on the A596 and accessed from junction 36 of the M6 motorway via the A66, with the latter also providing easy access to the National Park. Maryport train station operates on the Cumbrian Coastline.
The property appears to be of brick construction over two storeys with black and white elevations under a slate roof. It sits in a prime position next to the Quayside.
Carlisle lies 26 miles north, Keswick 26 miles east and Workington 6 miles south. The town is located on the A596 and accessed from junction 36 of the M6 motorway via the A66, with the latter also providing easy access to the National Park. Maryport train station operates on the Cumbrian Coastline.
The property appears to be of brick construction over two storeys with black and white elevations under a slate roof. It sits in a prime position next to the Quayside.
Property
GROUND FLOOR
L-Shaped trade area with tile floor, wood panelled L-shaped bar servery with brass rail, feature fireplace and loose and fixed seating for 20. LADIES’, GENTLEMEN’S and DISABLED TOILETS offset.
BASEMENT to CELLAR with KEG ROOM, STORE ROOM and BEER DROP.
FIRST FLOOR
Well presented and spacious first floor DINING/FUNCTION ROOM to seat approximately 50. Decorated to a high standard with exposed beams to ceiling and a carvery serving area. Well-equipped TRADE KITCHEN comprising Altro nonslip flooring and multiple wash and preparation areas. The room is of a good size with a good selection of catering equipment and effects and a separate dish wash room.
EXTERNAL
To the front there is a sheltered seating area with artificial turf and bench seating for 50, offering good views of the marina. To the rear is a trade patio with raised seating areas accommodating 36 with picnic style benches, a corrugated iron OUTBUILDING and SHED and parking for four vehicles.
There is also a modern 3 BEDROOM house which can be included for an additional £160,000.
L-Shaped trade area with tile floor, wood panelled L-shaped bar servery with brass rail, feature fireplace and loose and fixed seating for 20. LADIES’, GENTLEMEN’S and DISABLED TOILETS offset.
BASEMENT to CELLAR with KEG ROOM, STORE ROOM and BEER DROP.
FIRST FLOOR
Well presented and spacious first floor DINING/FUNCTION ROOM to seat approximately 50. Decorated to a high standard with exposed beams to ceiling and a carvery serving area. Well-equipped TRADE KITCHEN comprising Altro nonslip flooring and multiple wash and preparation areas. The room is of a good size with a good selection of catering equipment and effects and a separate dish wash room.
EXTERNAL
To the front there is a sheltered seating area with artificial turf and bench seating for 50, offering good views of the marina. To the rear is a trade patio with raised seating areas accommodating 36 with picnic style benches, a corrugated iron OUTBUILDING and SHED and parking for four vehicles.
There is also a modern 3 BEDROOM house which can be included for an additional £160,000.
The Business
The Lifeboat Inn & Harbour Restaurant has been operated by the vendors for over 20 years and is one of the most popular destinations in the Maryport area. Our clients advise the split on food and wet sales is 65% in favour of food. The business enjoys repeat trade from both locals and tourists due to the town’s coastal setting and its proximity to the National Park and the Coast to Coast cycle route.
Our client advises that the business does over 1,000 covers per week with year ending March 2022 showing turnover producing £556,937 with net profits of £180,666. There is scope for increased sales with extensive marketing or, alternatively, the first floor trade area could be developed into letting accommodation for which there is much demand locally.
Our client advises that the business does over 1,000 covers per week with year ending March 2022 showing turnover producing £556,937 with net profits of £180,666. There is scope for increased sales with extensive marketing or, alternatively, the first floor trade area could be developed into letting accommodation for which there is much demand locally.
Tenure
FREEHOLD £299,000 to include goodwill and fixtures and fittings. Stock at Valuation.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held for the retail of alcohol:
11:00 - 00:00 during the week
11:00 - 02:00 Friday/Saturday
Opening hours are 11:00 until late, 7 days a week.
11:00 - 00:00 during the week
11:00 - 02:00 Friday/Saturday
Opening hours are 11:00 until late, 7 days a week.
Services
All mains services are connected. The property benefits from CCTV and an alarm system.
Local Authority: Allerdale Borough Council, Cumberland Council, Allerdale House, Workington, Cumbria, CA14 3YJ
Tel: 0300 3733730
Rateable Value: £5,500 as at 01 April 2023
Local Authority: Allerdale Borough Council, Cumberland Council, Allerdale House, Workington, Cumbria, CA14 3YJ
Tel: 0300 3733730
Rateable Value: £5,500 as at 01 April 2023
Enquire about this listing
Dean McVay
Northern Counties
