Well Established Public House | | Peterborough Cambridgeshire | | WELL ESTABLISHED PUBLIC HOUSE - PETERBOROUGH Well established, well know and highly regarded business Advised turnover £210,000 pa with high gross margin | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 27472
ADVERT IMPRESSIONS : 27,164 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | LEASEHOLD: | £59,995 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | WELL ESTABLISHED PUBLIC HOUSE - PETERBOROUGH
Well established, well know and highly regarded business
Advised turnover £210,000 pa with high gross margin
Early viewing highly recommended to fully appreciate
Highly visible trading location on a busy main road
Superb newly refurbished owners accommodation
LEASEHOLD
Location
This superb public house is located on the main through road in the Peterborough suburb of Stanground. The public house stands on a large plot in the densely populated residential area just a few minutes drive from Peterborough city centre. Peterborough is a large city in the county of Lincolnshire and is renown as a modern and thriving city with a mixture of historic and new buildings. The town centre offers all of the major retailers, in one of the countries largest pedestrian precincts. To the Northwest via the A1 motorway is the historic market town of Stamford renowned for its stone buildings, quality shopping and restaurants. 30 minutes drive to the Northeast is the town of Kings Lynn, this is a walled town with many historic attractions and again good shopping and educational facilities. Peterborough has strong road and rail links with high speed trains to London making the city a popular commuter belt area. The city and area also has strong road links via the A1 motorway and the A47 and A16 trunk roads.
Business History
Meridian Business Sales are delighted to offer to market this superb public house which has been in the careful hands of our clients since 2006. The only reason this quality public house is being offered to market is due to our clients strong desire to take a well earned retirement. Since our clients took over the business they have continually developed the business by constantly introducing new products and encouraging the local community via special themed evenings and by offering a quality Sunday lunch menu. Our clients inform us that the current turnover is £210,000 pa with a gross margin of 53%. This is derived from the sale of real ales, lagers, wine spirits and soft drinks plus food which is currently limited to Sunday lunch giving the new owners huge scope for growth. The business enjoys a strong reputation within the local community and as such has a high level of repeat trade. The property has benefited by the landlord totally refurbishing the owner's accommodation to a very high standard with a quality kitchen, bathroom and carpets throughout. This is a superb opportunity to purchase an already thriving business with huge growth potential therefore we recommend early viewing to fully appreciate the quality and growth potential of this business.
Financial Profile
Turnover: £210,000pa
Gross profit: 53%
Stock approx: £4,500
Tenure
Leasehold
Original length: 15 years
Remaining: 12 years
Review: 5 years
Rent: £28,000pa (to be reviewed)
Opening Hours
Monday to Thursday:
11:30am - 3:30pm > 6:30pm - 12:00am
Friday & Saturday: 11:30am - 1:00am
Sunday: 12:00pm - 12:00am
Accommodation
Large detached public house standing on a large plot with fully refurbished owner's accommodation briefly comprising;
GROUND FLOOR - Main entrance leading to inner hall with original floor plus ladies & gents toilets. Large bar area with pool table, darts board & large flat screen television. Full bar with glass storage shelves, glass fronted fridges, 12 beer dispensers, glass washer and display back bar. Fixed seating and free standing tables plus bar stools and carpet to the floor, wall and ceiling lighting.
Large lounge/dining room with:- Full bar with glass storage shelving, glass fronted fridges & beer dispensers. Free standing tables and chairs for 45 plus covers, quality carpet, wall and ceiling lighting. Fully fitted commercial kitchen with separate wash up area, 6 burner range, deep fat fryers, microwaves and grill. Beer cellar with cooling system and drop. Storage area for sprits and wine plus coca cola dispenser.
FIRST FLOOR - Owners accommodation briefly consists:- Large lounge with fireplace, quality carpet and UPVC window. Large dining room with door to the office, quality carpets and UPVC window to the front elevation. Fully fitted kitchen with quality base and wall units plus built in appliances. Family bathroom with shower fully tiled and modern white suite.
3 x double bedrooms
3 x storage cupboards
1 x office and large landing
EXTERNAL - Owners private yard, large car park for 30 plus cars and a large lawned area to the front of the property
| | | | | | FOR SALE | | | | | REFERENCE: | 1892 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
