Business for Sale Overview:
Advent Business Sales is delighted to have been instructed to offer to the market this extremely well established freehold public house.
The pub was established approximately 100 years ago and has been in the hands of the current vendor for 13 years. Part of the building however, dates back to 1620; the premises are not listed but are within a conservation area.
The business is only now being reluctantly offered for sale as the vendor wishes to retire.
Trade is almost exclusively wet with a strong tradition of offering a good selection of real ales.
The pub sponsors the local rugby club and is also the home base for a pool team and darts team.
Although the business does not offer food sales, it does have a kitchen comprising of:
4 ring gas cooker with oven under;
Fridge;
Twin fryer;
Microwave;
Washing machine and tumble dryer;
Sink;
Extractor unit.
Gross turnover for the year to March 2008 was approximately £215,000 with an excellent gross profit of 63%; this coupled with the low overhead spend will ensure a consistently high net profit.
Stock at cost is approximately £3,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Business Premises:
A very attractive Cotswold stone built property within a conservation area.
Ground Floor:
The public area and private accommodation have been maintained to an extremely high standard with no expense spared, which would be very evident when viewed.
Twin access points, detached garage with roof structure, own car park with approximately 10 spaces, 3 bedroom private accommodation.
Entry from pavement into lounge area with a range of comfortable chairs and tables, plasma TV, through to bar area with very attractive efficient wood burning stove, bandit, ladies & gents w/c.
Central bar which serves both public area.
Rear pool area with darts throw, cigarette machine, quiz machine, TV and with wall seating all around.
Kitchen off one side and ground floor cellar off another.
First Floor:
Stairs off the lounge to private accommodation comprising of:
Lounge/kitchen;
Bathroom;
Master bedroom with ensuite;
2 further double bedrooms.
The property is fully insulated to the latest standard and is double glazed throughout.
Market Competition and Expansion:
Our client is content with the excellent profits earned but is aware that these could be increased considerably by:
1. Offering food sales – because of his main road location and good car parking, a lot of passing traffic calls in and inquires but leave disappointed. Many local customers have intimated that they wished he had at least bar snacks available.
2. The property next door is currently on the market, this could quite easily be turned into a very nice annexed restaurant.
This is quite clearly an exceptional opportunity which can only be fully appreciated when viewed.
Additional Details:
- The property is owned.
- The owner may be willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.