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BUSINESS REFERENCE : 8088 / RightBiz LEASEHOLD PUBLIC HOUSE FOR SALE IN GLOUCESTERSHIRE | | | | | | Public House Cheltenham, Gloucestershire T/O: £270,000 GP: 50% Excellent opportunity | | | BUSINESS LOCATION: | Cheltenham Gloucestershire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £40000 | ANNUAL RENT: | £42000 | | | | | | | | | | | BUSINESS DETAILS: | Location
This public house is ideally located in the densely populated residential area of Warden Hill in Cheltenham. There is a strong local community atmosphere and the public house lies opposite a large parade of shops. The business is on the main bus route and is approximately 1 mile from the town centre. Cheltenham itself is situated in the Cotswolds and lies close to Gloucester and has excellent motorway links.
Business History
Bag A Business is delighted to place onto the market this superbly presented public house, which has been established since the 1950s. Our clients have run the business for the last 4« years and in that time have formed an excellent and profitable business. As well as all the amenities you would expect from a local pub there is a carvery every Wednesday & Sunday, which has proved to be very popular. The public house also runs a summer and winter skittles league, ladies' darts team and two pool teams. In addition to this the function room and skittle alley have proved popular, as well as regional poker finals. The turnover consists of 80% wet sales and 20% food sales and there is huge potential to increase the food sales revenue. The lease is with Enterprise Inns and the rental figure includes insurance and all other payments. Early discussions with Bag A Business must come highly recommended.
FINANCIAL PROFILE
T/O: £270,000 per annum
GP: 50% approx
OPENING HOURS
Mon - Thurs: 12.00pm - 11.00pm
Fri - Sat: 12.00pm - 12.00am
Sun: 12.00pm - 11.00pm
GROUND FLOOR
Entrance to lounge bar.
Large bar covering all bar areas.
Large public bar with Sky television.
Large function room with skittle alley
FIRST FLOOR
Three double bedrooms.
Fully fitted kitchen.
Bathroom.
Large lounge/diner
EXTERNAL
Large car park with space for 15-20 vehicles.
Patio beer garden.
Decking area with seating
TENURE
Leasehold
Original length: 10 years
Remaining length: 6 years
Rent: £42,000 per annum | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 8088 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
