Traditional community public house
Prominent corner plot position in well populated area
Established c. 1722
Huge potential to expand food sales
***OFFERS IN EXCESS OF £120,000***
This is an excellent opportunity to purchase a well known, traditional Public House which occupies a prominent corner plot trading position in popular East London area, close to Canary Wharf and has been established since c. 1722.
The Ferry House occupies a commanding side road position adjacent to a busy main road within a densely populated area of residential and commercial dwellings ensuring the business attracts regular throughout the day.
Having served the locality since c. 1722 and been under the same ownership since 2011 the business has forged strong relationships with the community and the pub therefore boasts an extensive and loyal customer base which the current owners have further developed by operating a ‘bistro’ style pub on the first floor.
The substantial and imposing property provides welcoming accommodation and a homely environment. The lounge bar is neatly presented with a timber servery, traditional pub furniture and fitments. There is also a separate public bar with traditional seating.
The business has undergone a substantial refurbishment programme which has been mainly funded by the current owners along with heavy investment from Enterprise Inns which includes a complete new roof as of January 2014.
The property is presented in good condition throughout and there is further room to develop the restaurant side by making more use of the private dining facilities on the first floor.
The Ferry House is a profitable business yet operates on limited trading hours and is almost entirely a wet sales business. The business would therefore ideally suit an energetic and enthusiastic husband and wife team who can extend the opening times whilst also introducing full lunchtime and evening menu which will undoubtedly increase the turnover and ultimately enhance overall profitability.
This is an excellent opportunity to purchase a long established business with genuine potential and viewing is therefore recommended.