| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 4,230 TIME(S)
BUSINESS REFERENCE : 1017 / RightBiz 1017: LIVELY AND POPULAR PUBLIC HOUSE, OXFORD. PRICE REDUCED | | | | | | Phoenix is delighted to place onto the market this prestigious and very profitable public house. There has been a pub on this site for over 100 years and our client has owned the business since 2005. Other business interest now enforce reluctant sale. | | | BUSINESS LOCATION: | Oxford Oxfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £89000 | ANNUAL RENT: | £50000 | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
This well known and prestigious public house is situated on the corner of Iffley Road and Magdalen Road, which is one of the main routes into the centre of Oxford.
There are numerous guest houses locally as well as a large and vibrant student population. The public house is surrounded by a densely populated residential area which brings much trade. The centre of Oxford is only 2 miles away and the Cowley Road area which is well known for its food, drink and entertainment is a 5 minute walk.
Oxford is very well linked to both London and the North via the M40 motorway
BUSINESS DETAILS
Phoenix is delighted to place onto the market this prestigious and very profitable public house. There has been a pub on this site for over 100 years and our client has owned the business since 2005. Other business interest now enforce reluctant sale.
This public house enjoys a mixed clientele and has always been a very popular venue.
The concern is run with the aide 8 staff with the owner working on a full time basis. There is a Scottish and Newcastle lease in existence with our client being tied for draft and bottled beers and cider.
The business has many local teams including a football team, pool team and cricket team. Further the pub is frequent by the Oxford university hockey team, the famous University athletics stadium being only a few minutes away.
Turnover is in excess of £500,000 with a gross profit of approximately 60%. Wet sales account for 70% of turnover and there is therefore a thriving food business. Barrelage per annum is approximately 450 – 500.
There is a 5 bedroom living accommodation above the pub which is ideal for a bed & breakfast service to be introduced.
This spacious upmarket and well known public house offers an excellent business opportunity and early viewing is highly recommended.
FINANCIAL DETAILS
Turnover: £500,000 per annum (Approx.)
Gross Profit: 60% per annum (Approx.)
OPENING HOURS:
Mon – Sun: 12.00 Noon – Midnight
PROPERTY DETAILS
Ground Floor
• This large and impressive premises is on a corner plot
• Entrance to large open plan bar (100ft X40ft approx)
• Seating and sofas
• Very relaxing and tranquil environment
To the rear
• Separate games room
• 2 Pool tables
• TV Screen
• Music system
• Large and fully equipped bar
• Main bar area for approx 98 customers
• Single bar servery
• Wooden flooring
First Floor
• 5 Bedrooms
• Lounge
• Kitchen
• Bathroom
External
• To the front small patio area
• Seating and smoking area
• Parking for 4 cars to the rear
TENURE: Leasehold.
ORIGINAL LENGTH: 20 years.
REMAINING: 17 years.
RENT: £50,000per annum. | | | | | | FOR SALE | | | | | SELLER: | PHOENIX BUSINESS AGENTS | | CONTACT: | 0844 567 5016 | | REFERENCE: | 1017 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
