The Old Cross Guns - BusinessesForSale.com
The Old Cross Guns - BusinessesForSale.com
The Old Cross Guns - BusinessesForSale.com
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>The</strong> <strong>Old</strong> <strong>Cross</strong> <strong>Guns</strong><br />
High Street<br />
Cowdenbeath<br />
Fife<br />
KY4 8LS<br />
A Superb Locals Pub<br />
Impressive horse shoe bar<br />
Spacious lounge/function<br />
room<br />
Attractive owners flat<br />
Beer garden<br />
Presented to a high<br />
standard<br />
Guide Price £260,000 Freehold<br />
(ref. 484)
Situation<br />
<strong>The</strong> <strong>Old</strong> <strong>Cross</strong> <strong>Guns</strong> is situated in the High Street of Cowdenbeath, Fife. Cowdenbeath is a busy <strong>com</strong>mercial hub situated<br />
in central Fife with excellent connections to the motorway network making it an ideal place to live for people working in and<br />
around Fife as well as Edinburgh and beyond.<br />
<strong>The</strong> <strong>Old</strong> <strong>Cross</strong> <strong>Guns</strong> is a prominent business located on the High Street, close to many other retail outlets, an ideal situation<br />
for a good locals pub.<br />
<strong>The</strong> Business<br />
<strong>The</strong> business has been in the current proprietors’ hands since 1997. During this time they have continually upgraded the<br />
property and built on the business, overall creating a very attractive public house which enjoys strong local trade.<br />
At lunchtime the business mainly revolves around bar meals with<br />
delicious home cooked meals available six days a week (there is no<br />
food on Sundays). Food is not offered in the evenings and this may<br />
be an opportunity for further business development as may offering<br />
meals on Sunday.<br />
<strong>The</strong> public bar is a popular meeting place for locals and a pool team,<br />
darts team and a local football team also meet at the pub. It is<br />
interesting to note that the pub does not host Sky Sports and this is<br />
another potential opportunity to increase business in the future.<br />
Entertainment is provided most weekends in the lounge/function room in the form of live bands, karaoke and singers.<br />
<strong>The</strong> Property<br />
<strong>The</strong> <strong>Old</strong> <strong>Cross</strong> <strong>Guns</strong> is a large detached property which has the public house on the ground floor and the private<br />
ac<strong>com</strong>modation on the upper floor. <strong>The</strong>re are two entrances, on to the front of the property leading to an entrance porch<br />
with access to the bar and lounge and a separate public bar entrance to the corner.<br />
<strong>The</strong> public bar is very attractive. <strong>The</strong> bar features a mix of a traditional public house with more modern decor, successfully<br />
creating a very attractive and inviting bar where locals can enjoy a quiet drink and a chat. <strong>The</strong> bar features a large<br />
horseshoe bar with varnished timber top and seating includes fitted wall seats as well as freestanding tables and chairs as<br />
well as bar stools arranged around the bar counter.<br />
To the rear, the bar opens to a large games area where a pool table is situated.<br />
<strong>The</strong> lounge bar can ac<strong>com</strong>modate up to 90 for functions. This area is used most days for lunches and there are<br />
<strong>com</strong>fortable dining height tables and chairs for this purpose. <strong>The</strong> room opens to the rear to a function area which a dance<br />
floor is situated and there is also a small DJ booth. <strong>The</strong> bar counter in the lounge bar is back to back with the public bar<br />
counter helping towards efficient control of both bars.<br />
<strong>The</strong> public areas are serviced by ladies, gents and disabled toilet facilities.<br />
Service Areas<br />
<strong>The</strong> business has an excellent small but well laid out kitchen which has a good range of professional catering equipment<br />
and a full extraction system over the main cooking area. <strong>The</strong>re is also extensive cellarage.
External<br />
To the right hand side of the pub is an attractively landscaped beer garden with exterior trestle style tables. This area can<br />
be a sun trap on sunny days and is another attraction to the business.<br />
Owners Ac<strong>com</strong>modation<br />
<strong>The</strong> owners’ flat is fully self-contained and situated on the first floor level. <strong>The</strong> flat consists of a very attractive and well<br />
presented lounge with timber fireplace and inset Living Flame fire, three bedrooms (2 doubles and 1 single), large and<br />
modern kitchen with separate living room area and luxury bathroom with corner bath and separate shower cubicle.<br />
It is interesting to note that the large attic area is floored and offers potential for expansion of the owners’ ac<strong>com</strong>modation<br />
(subject to planning approval).<br />
To the left hand side of the property is a private yard area where the owners park their car and is also used for the storage<br />
of bins etc.<br />
Tenure<br />
<strong>The</strong> property is offered on a freehold basis.<br />
Services<br />
All mains services are connected. <strong>The</strong>re is a gas fired central heating system.<br />
Trading Figures<br />
Full accounts information will be supplied to seriously interested parties after viewing. <strong>The</strong> turnover is in excess of £4,000<br />
per week and the profits are good.<br />
Summary<br />
For buyers looking for a traditional public house which has a good local following, excellent trading figures and is presented<br />
to a high standard, <strong>The</strong> <strong>Old</strong> <strong>Cross</strong> <strong>Guns</strong> will be of great interest. As well as having good function facilities and a following<br />
for food, there is real further development potential by way of opening on Sundays for food and perhaps even offering meals<br />
in the evening. New owners may also consider taking a Sky Sports package and thereby showing football matches<br />
throughout the year which is proven to be very successful in other licensed outlets.<br />
Another great benefit of <strong>The</strong> <strong>Old</strong> <strong>Cross</strong> <strong>Guns</strong> is the spacious and <strong>com</strong>fortable owners’ ac<strong>com</strong>modation.
Price<br />
<strong>The</strong> guide price is £260,000 for the heritable property, fixtures, fittings and goodwill. Stock is in addition at valuation.<br />
Inventory<br />
A list of items not included in the sale or subject to lease/rental will be made available to anyone wishing to offer.<br />
Further Information<br />
This business has been visited by Derek Burgoyne who can be contacted on 0845 123 6970 or derek@cornerstoneba.<strong>com</strong>.<br />
Viewing<br />
Strictly by appointment via the sole selling agents Cornerstone Business Agents. Phone 0845 123 6970 or email<br />
info@cornerstoneba.<strong>com</strong><br />
Offers<br />
All offers couched in Scottish legal terms should be submitted to the sole selling agents Cornerstone Business Agents,<br />
Midlothian Innovation Centre, Roslin, Edinburgh EH25 9RE<br />
Cornerstone Business Agents<br />
Midlothian Innovation Centre<br />
Roslin, Edinburgh,<br />
EH25 9RE<br />
Phone 0845 123 6970<br />
Fax 0845 123 6975<br />
E mail info@cornerstoneba.<strong>com</strong> www.cornerstoneba.<strong>com</strong><br />
Please note the information provided on these sales particulars are for guidance only and should not<br />
be relied upon by potential purchasers of this business/property.