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BUSINESS REFERENCE : 1022 / RightBiz 1022: FREE OF TIE PUBLIC HOUSE, NORTHAMPTON. PRICE REDUCED | | | | | | Phoenix Business Agents are pleased to place onto the market this popular and profitable public house which has been established for over 100 years. Our client has owned the business since 2006 and now wishes to retire. | | | BUSINESS LOCATION: | Northampton Northamptonshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £65000 | ANNUAL RENT: | £46000 | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
This popular suburban public house is situated on a corner plot virtually within the town centre of Northampton. It is surrounded by a densely populated and very vibrant community and is well know as a drinking area. As well as a mixed clientele of locals there is also a large commercial community consisting of solicitors, accountants and other small businesses which offers excellent lunch time trade.
The area is further being developed with more flats being built close by.
Northampton itself is undergoing growth and is very well linked to the country with M1 motorway.
BUSINESS DETAILS
Phoenix Business Agents are pleased to place onto the market this popular and profitable public house which has been established for over 100 years. Our client has owned the business since 2006 and now wishes to retire.
In fact he has been involved with the pub as a manager since 1975. Our client employs 1 full time and 3 part time staff and is running the business on a full time basis.
The business is free of tie and is therefore highly profitable. In fact the turnover is around £286,000 with a gross profit of £183,000. The premise comes very well equipped and is decorated to a very high standard.
The annual barrelage is in the region of 324 and there is huge scope to develop the food side of the business which is fully franchised for a rental.
The business enjoys loyal and regular clientele and offers a pool team, darts team, 2 bar billiards teams, a crib team and a Sunday football team.
Because of the size of the premises there is potential to develop a bed and breakfast business which is in high demand within the area.
FINANCIAL DETAILS
Turnover: £286,000 per annum (Approx.)
Gross Profit: £183,040 per annum (Approx.)
OPENING HOURS:
Sun – Thurs: 10.30am – 11.00pm
Fri & Sat: 10.30am – 01.00am (could be extended)
PROPERTY DETAILS
Ground Floor
• 3 separate entrances to the public house
• Entrance to l-shaped lounge
• Separate pool area
• Large shoe shaped bar
• 12 pumps
• Feature fireplace
• T.V Screen
• Capacity approximately 200
• All fruit machines and pool tables owned and included in the sale
• Kitchen to rear
First Floor
• Large lounge
• 3 Double Bedrooms
• Bathroom with shower
• Kitchen
• Storage area
• Office
External
• Large patio garden
• Covered smoking area
• Small car for customers
TENURE: Leasehold
ORIGINAL LENGTH: 20 years.
REMAINING: 6 ½ years.
RENT: £46,000per annum. | | | | | | FOR SALE | | | | | SELLER: | PHOENIX BUSINESS AGENTS | | CONTACT: | 0844 567 5016 | | REFERENCE: | 1022 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
