Superb Leasehold Public House | | Cheltenham Gloucestershire | | SUPERB LEASEHOLD PUBLIC HOUSE - GLOUCESTERSHIRE Large public house with sizeable function/games room Early interest and viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 38746
ADVERT IMPRESSIONS : 18,541 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | LEASEHOLD: | £30,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB LEASEHOLD PUBLIC HOUSE - GLOUCESTERSHIRE
Large public house with sizeable function/games room
Early interest and viewing is highly recommended
Advised turnover £4,300 PW with good GP returns
4 bedroom private living accommodation
Sale price includes all fixtures and fittings
Ideal husband and wife opportunity
Highly visible trading location
Ideal location in Cheltenham
LEASEHOLD
Location
This superb public house has an ideal location in the beautiful town of Cheltenham, Gloucester. The property sits on one of the city's busiest access roads seeing a mass of passing motorists and public transport users on a daily basis. The local area has a good display of domestic housing, commercial shops, a supermarket and corporate businesses which all contribute to a consistent trade throughout the year. The business also benefits from having ample neighbouring communal parking which is a huge plus for all who wish to visit. Cheltenham has always been a very desirable business and residential location due to its excellent central shopping, fine housing, good schools, NHS services and beautiful open countryside. The town offers a famous racecourse, historic attractions and a welcoming and friendly community. Cheltenham also benefits from being situated less than 3 miles away from the M5 motorway which links to the M6, M40 and M4 making visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this superb public house which has a proud history dating back to the 1940s. Since 2004 it's been owned and run by our clients who are only now placing it onto the market due to their strong desire for retirement. The business achieves a very respectable advised weekly turnover of £4,000. This is derived from the sale of a good variety of beer, wines and spirits coupled with associated hot and cold beverages. The business also offers a traditional pub style food menu which has huge scope for further growth. The property offers a warm and welcoming bar lounge together with a sizeable games and function room which has a bowling lane, pool table and several darts areas. The room can then be cleared to leave a large function room with stage and can cater for approximately 80 with an additional 40 in the bar lounge. The property also offers a sizeable 4 bedroom private living accommodation which is a big plus for someone new to the area. Our clients are also very generously including all fixtures and fittings into the sale price which is a fantastic advantage to a new owner as additional funds will not need to be spent for the foreseeable future. Meridian Business Sales would like to urge early interest and viewing of this very favourable public house opportunity.
Financial Profile & Tenure
Turnover: £4,000pw, Gross profit: 60%
Stock approximately: £3,000
Leasehold
New 15 year lease
Rent: £3,000pcm
Opening Hours
Monday to Saturday: 11:00am - 11:00pm
Sunday: 12:00pm - 10:30pm
Accommodation
Large well presented property offering large bar/lounge, games/function room, external lounging and covered smoking areas, basement cellar, commercial kitchen, first floor private living accommodation with 4 bedrooms, living room, kitchen, bathroom and separate toilet.
Basement cellar with storage space
GROUND FLOOR - Front secure entrance with reception porch leading to: Bar lounge - Large L shaped open plan area with fixed seating plus tables, chairs and stools, feature fireplace, gamblers and games machines, fitted bar with pumps, chillers, rear spirit displays, glass storage and snack displays.
Kitchen - Situated behind bar large open plan kitchen briefly comprising of 3 pot bain-marie, fitted cupboards, freezer, fridge, several worktops, microwaves, hot plate, 8 ring cooker, 3 deep fat fryers, hand wash basin, kitchen basin with drainer.
Corridor accessing additional entrances and first floor living accommodation plus male and female toilets.
Function room/games room - Large open plan room with fitted bowling lane and removable stage, pool table and darts area, bar extended through with tables and chairs.
Door access to external area
FIRST FLOOR - Reception landing accessing: 2 double bedrooms, 1 single bedroom, 1 office/single bedroom, living room with fireplace, kitchen fitted with worktops, wash basin and worktops, bathroom with bath, shower over bath and wash basin and separate toilet.
EXTERNAL - Highly visible property with good front signs and sandwich board advertising. Free of charge neighbouring roadside parking, patio area with picnic benches and overhead cover (smoking area) and 2x storage outhouses. | | | | | | FOR SALE | | | | | REFERENCE: | 2158 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
