Award winning wet led Freehouse for sale
- £650,000
Overview
- Business, Public Houses, Pubs
Description
A long established and popular ale house known for it’s wide range of changing cask ales and beers and has become an institution within the town of Faversham it offers a rare opportunity for the purchaser to take on a tried, tested and proven successful business being in the same hand for 20+ years.
The Elephant occupies a prominent place situated on the main road entrance to Faversham just off the A2 and M2 motorway, an eye catching building within a densely populated residential area, a grade 11 listed building originally consisting of two terraced buildings and extended in 1890 and 1918, the property date from 1852 and has been well maintained and invested in resulting in a high standard of presentation.
Trade area is entered from the Mall directly into the bar, split into two levels the bar provides seating for 30 plus and bar stools for 9 persons, a wood built bar with five real ale handpumps with six permanent keg lagers high ceilings and a stripped wood floor, the back bar was rebuilt during Covid and features a large advertising mirror for Flint & Sons, air conditioning was added two years ago an open fire which is double sided so heats both sides of the bar area, to the rear is the entrance to the Ladies and Gents toilets they are well maintained and kept scrupulously clean.
To the rear of the bar is a trade kitchen with fridge and freezer, three door bottle cooler, a six burner trade cooker and extractor fan, fitted kitchen units with double sink.
The rear of the property boasts a large enclosed, well kept beer garden with many established plants and fauna, seating for approx 60.
A function room which was rebuilt and remodeled 4 years ago and incorporating an oak conservatory, this seats around 40 people, it has an stripped pine floor a log burner and air conditioning, known as the ‘Delirium room’.
The trade cellar has a cool room for cask ales and kegs an office and wine / spirit store, the cooling system was upgraded around 4 years ago and is well maintained.
A full premises licence is held, on and off sales,
The owners accommodation consists of a well maintained 2 bedroom flat on the first floor above the pub, a kitchen with a range cooker and fully fitted cupboards and storage, large sitting / dining room and bathroom including shower / bath /basin and toilet,
The business known as The Elephant Faversham Ltd is transferable on completion of sale.
Stock at valuation and all goodwill.
Details
Updated on February 16, 2025 at 7:49 pm-
Price £650,000
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Property Type Business, Public Houses, Pubs
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Property Status For Sale
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Tagline Public Houses
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Annual Net Profit £89,000
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Annual Turnover £290,000
Find out more about this business opportunity
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