| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 9,251 TIME(S)
BUSINESS REFERENCE : 8581LU / RightBiz 8581LU PUBLIC HOUSE LEASEHOLD: £180,000 +SAV BEDFORDSHIRE | | | | | | 8581LU PUBLIC HOUSE LEASEHOLD: £180,000 +SAV BEDFORDSHIRE | | | BUSINESS LOCATION: | Undisclosed Bedfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £180000 | | | | | | | | | | | BUSINESS DETAILS: | Advent Business Sales are delighted to have
been instructed to offer to the market this
extremely popular wet led and fully
refurbished public house.
Established in 1964 and in the hands of the
current vendors for the past 3 years, it is
only now being offered for sale as they are
planning to retire.
The pub has an excellent smoker’s enclosure
which can seat approx 20 and has its own
46” LCD TV and heating.
Although predominately wet led (95%), the
pub has a good commercial kitchen which
includes:
Pizza oven
4 ring Gas cooker with oven
Salamander
5 Lt Deep fat fryer
2 Draw fridge & Freezer plus
counter fridge & freezers.
The pub has 3 double bed living
accommodation which has been fully
refurbished and decorated to a high
standard.
This is clearly an excellent pub whose
turnover has remained virtually unchanged
despite the smoking ban; it has an excellent
gross profit of 53% and has great potential.
We believe it an outstanding investment
which should be viewed to be fully
appreciated.
STAFF DETAILS
At present, there are 8 employees, 5 working
part timer approx 16 hours each and 3 full
time staff. In addition, the vendors work
full time to boost the compliment of staff to
10
TRADING HOURS
Mon – Thurs: 11.00am – 11.00pm
Fri -Sat: 11.00 am– 12.00 midnight
Sun: 12.00noon - 11.00pm
EXPANSION POTENTIAL
Although already a very well managed
business, this is huge scope to increase sales
and profit further by expanding the kitchen
to offer food or takeaways as there is very
little available locally.
There is space to include live music, quiz
nights & karaoke, and the outside area could
be developed to have BBQ’s.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £460,000
Gross Profit: £242,000
Net Profit: £51,000
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The pub has 2 distinct areas and consists of:
Area 1
A comfortable lounge with seating
for approx 70 (licensed for 100) and
includes
50” plasma TV Screen
2 Fruit machines
Golf Machine & Cash dispenser
Area 2
A ‘Sports’ focused, it seating
for approximately 40 (licensed
for 150).
42” Plasma Screen
12ft wide drop down projector
screen
2 pool tables, dartboard
Fruit machine & Juke box
Ladies and Gents W.C off the
entrance corridor
First Floor
Living accommodation with laminate
flooring throughout, comprising of:
2 Double bedrooms
Bathroom
Separate WC
Large office (could be used a double
bedroom)
Lounge
Fully fitted kitchen with built in
Appliances
External
Garden/patio area with seating for
approx 60 on benches and tables all
around.
TENURE: Leasehold
Original lease: 25 years
Remaining lease: 22 years
Review every: 5 years
Rent: £46,236
We are advised that the annual business
rates are currently: £17,088 due to be
reviewed in October 2008.
Brewery: S & N - Globe | | | | | | FOR SALE | | | | | SELLER: | ADVENT BUSINESS SALES | | CONTACT: | 0844 8009092 | | REFERENCE: | 8581LU / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
