Business for Sale Overview:
The Business:
Advent Business Sales are pleased to have been instructed to offer to the market this exceptionally well established community public house, which has been trading successfully since early in the 20th Century.
The current vendors have been in ownership for the past 1½ years and is only now reluctantly being sold to enable them to pursue an alternative business venture.
Its turnover is 100% wet and is tied on all beers, lagers and ciders both bottled and barreled and Alco pops, but not wines & spirits.
The business trades as an old style community public house and attracts custom from the surrounding affluent villages.
The pub supports numerous sports teams including 3 darts teams, 2 football teams and a cricket team. They also have regular quiz, karaoke, disco and poker nights.
The premises are also the base of a very popular Indian takeaway, which provides an annual rental income.
A yearly music festival is held on August Bank holiday weekend consisting of 9 live bands on an outside stage, outside bar and BBQ. This attracts approximately 500 people who pay on the gate.
We are advised that stock at cost is approximately £4,500.
Ref: 9079GL
Financial Information:
We have been advised by the vendor of the following:
Annual sales: £310,000.
Gross Profit: 48%.
Accounts will be made available to interested parties after a viewing has taken place.
Tenure: Leasehold
Original lease: 10 years
Remaining lease: 8 years
Review every: RPI based
Rent: £39,000.
We are advised that the annual business rates are currently: £7,900.
Please let us know if you require finance for the purchase of a business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Ground Floor:
Twin entrance into large open plan room split into 2 sections.
Public bar – also split into two. Lower section with exposed wooden floor, stone and partially wooden clad walls with seating for approximately 20. Pool table, dart board and juke box. Upper section – exposed wooden floor with good decor, partially wooden paneled and exposed stone walls, large open stone fireplace. Seating for approximately 25 customers. Bar servery with wood paneling on front and on canopy.
Ladies and gents w/c.
Lounge bar – excellent decor, exposed wooden floor, exposed stone and wooden paneled walls, large stone fireplace. The bar interlinks with public bar. Seats approximately 40 people with room for many more standing. Wooden panel fronted bar servery and canopy over.
Ladies and gents w/c.
Overhead projector with screen & 3 T.V’s.
Behind bar servery to store areas with freezer store and cellar with lockable spirits store.
Dry store.
First Floor:
Kitchen with mix of domestic and commercial catering equipment.
Catering kitchen with non slip flooring, tiled walls and selection of commercial catering equipment. Steps to takeaway with front reception area and seats 25.
Private accommodation consisting of bathroom, lounge with beamed ceiling, office/bedroom, double sized loft bedroom.
External:
Large patio at from with 6 ‘A’ frame picnic tables and 2 ‘A’ frame tables seating 40.
Lawn with walled garden.
To side large car park for approximately 75 vehicles.
Small delivery area.
Sheltered heated smoking area.
Market Competition and Expansion:
Expansion Potential:
This is an excellent public house, which achieves excellent profits achieved consistently. The major area to expand the business would be to offer food sales.
The very large lounge could easily be adapted to turn it into a restaurant, alternatively, remove the Indian takeaway and turn it into a restaurant upstairs.
Additional Details:
- The property is leased.
- 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.
Resources: