| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 4,671 TIME(S)
BUSINESS REFERENCE : 1047 / RightBiz 1047: LEASEHOLD PUBLIC HOUSE, CHEDDINGTON, BUCKS. OFFERS INVITED | | | | | | Phoenix are delighted to place onto the market this traditional public house and restaurant. The building is over 400 years old, our client having owned the business since 2002. Ill health now enforces reluctant sale. Our clients who are a husband and wife team operate the business on a full time basis. This public house was the Jewel in the Crown of a chain of 5. All the owner’s experience and know how have gone into creating a very profitable business opportunity. | | | BUSINESS LOCATION: | Leighton Buzzard Bedfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | ANNUAL RENT: | £8000 | | | | | | | | | | | BUSINESS DETAILS: | Location
This superbly presented public house and restaurant lies in the very affluent village of Cheddington near Buckingham. The population of the village is some 3,000 and it is a well known “commuter village”. It is very handily placed being 5 miles from Leighton Buzzard, 8 miles from Aylesbury and 5 miles from Tring.
The public house is very popular with residents of surrounding villages as well as locals.
Business Details
Phoenix are delighted to place onto the market this traditional public house and restaurant. The building is over 400 years old, our client having owned the business since 2002. Ill health now enforces reluctant sale.
Our clients who are a husband and wife team operate the business on a full time basis. This public house was the Jewel in the Crown of a chain of 5. All the owner’s experience and know how have gone into creating a very profitable business opportunity.
The premises have recently been renovate to a very high standard and our clients offer up market pub food which is home made and of very good quality.
The business is operated with the aide of 16 staff; there is a full time kitchen assistant, washing up employee (working approximately 20 hours), 4 part time kitchen staff and 9 part time bar staff. One of the owners is full time chef and the other operates the bar and also all paperwork.
Our clients would be available for an extended business familiarisation period if required.
The business has an excellent reputation appearing in the Good Pub Guide as well as national newspapers such as The Telegraph and The Times. There is a web site for this business www.oldswancheddington.co.uk
There is one other pub in the village which is not any competition as it a “drinkers pub”. This business provides a high quality service, especially designed for the upper end of the market.
Our clients have spent over £20,000 recently re-furbishing the whole of the premises and not only is the pub very profitable but it also comes immaculately presented.
The business operates under a Punch Tavern lease and our clients are only tied for beers.
This is an ideal opportunity to purchase an exceptionally high quality business operating very profitably.
There is potential to increase turnover and profits by promotional and theme nights which our clients are no longer able to do due to illness. In the past special events such as Jazz weekends and Chinese and Indian weekends have produced very good turnover. Further promotions during the week would further enhance turnover and profits.
Property Details
This very large detached premises is over 400 years old and has a thatched roof, and has recently been inspected for another 10 years.
Ground Floor
Upon entering the premises there is a large bar area, which consists of 22 covers and has a very relaxing atmosphere. There is a feature fireplace. There is a lounge on the lower level with wooden flooring and again a magnificent feature fireplace. The bar itself has recently been renovated. Behind the bar all the fridges are new along with a new glass washer. There are 11 pumps on the bar. The fixtures and fittings are of a very high quality. There is an area leading to the restaurant which consists of 3 different restaurants all offering a different eating experience. Firstly there is a dinning area which consists of 10 covers, a lower level restaurant with 16 covers. Both of these are traditional style restaurants and the third restaurant has 18 covers and has a modern theme. Further there are preparations being made for an al fresco dinning area.
The kitchen comes fully equipped with a walk in fridge and numerous freezers along with a full equipment list below.. There is a separate washing up area which is due to be extended shortly. There is also a spirit cupboard and a large ground level cellar. The toilets have also been recently refurbished.
First Floor
There are 2 large bedrooms on this floor, a bathroom, large lounge and a connecting room.
External
To the rear is a garden with a two sheds and garage with an upstairs level. There is also a patio area which leads to a fruit and vegetable patch and lawn area. A lot of the produce used in the public house is grown here. To the front there is a large concreted car park with a capacity for 22 cars. Further there is an extensive children’s play area with a wendy house and swings. There is also a beer garden and patio area with a wishing well and a smoking area. To the side is a patio area which is gated.
Financial Details
The turnover for the last financial year was £350,000 (approx) per annum with a gross profit of 60% (approx) per annum and the net profit is in the region of £45,000 (approx) per annum. The turnover for 2006-2007 was £330,000 per annum with 58% gross profit and net profit of around £40,000. In 2006 the turnover was £280,00 with a gross profit of 58% and net profit in the region of £30,000. The projected turnover for next year is £450,000 with G/P of 60%. This will yield a net profit of between £80 - £90,000. The wages for the business is approximately £70,000 per annum, and fixtures and fittings are valued at £30,000 (approx). Further the stock is approximately £10,000.
The barrelage is approximately 220 per annum with 50% of sales being wet sales. The business is trading under a limited company, Chiltern Country Inns Ltd.
Opening Hours
Mon – Thurs: 12.00 noon – 3.00pm and 5.00pm – 11.00pm
Fri, Sat & Sun: 12.00noon – 11.00pm
Tenure: Leasehold
Original Length 21 years.
Remaining: 16 years.
Review: Every 5 years.
Rent: £45,000 per annum.
Rates: £8,000 per annum. | | | | | | FOR SALE | | | | | SELLER: | PHOENIX BUSINESS AGENTS | | CONTACT: | 0844 567 5016 | | REFERENCE: | 1047 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
