Traditional Historic Public House With 48 Cover Restaurant | | Undisclosed Suffolk | | DELIGHTFUL/TRAD HISTORIC PUB-48 COVER REST,affluent village location,close to Snoasis development,Large bar area with sep games room & conservatory rest, W/T: £5,000 GP: Over 56%,Large beer garden with children's & 5 aside ftbll court, Additional outside bar income L/H: £100,000 +SAV REF: 9640IP | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 49597
ADVERT IMPRESSIONS : 24,154 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £100,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Prominently positioned in affluent Suffolk village close to Ipswich
Very near to Snoasis development scheduled for completion in 2011
Ample off road car parking
Ideally sited for local and visiting trade
HISTORY
Building dates back to 1604
Traditional roadside public house for many years, originally on Ipswich to Bury St Edmunds stagecoach route
Current vendors in situ for 25 years with favourable Punch Taverns lease
Various improvements during vendors tenure including conservatory restaurant and play area
£60,000 redevelopment recently completed
REASON FOR SALE
Retirement owing to ill health
PRODUCTS
Full range of traditional real ales, wines, spirits and lagers
Guest ale
Non alcoholic beverages, teas and coffees
Range of traditional meals with an English theme
Full restaurant meals as well as bar snacks
Pool table
2 gaming machines
Petanque court
CUSTOMERS
Very mixed demographic including locals and passing trade
A destination pub for a large number of Ipswich residents
Significant number of functions catered for including weddings, anniversaries and funerals
Licence held for bar facilities at village hall
SUPPLIERS
Tied to Punch Taverns for beers and ciders only
Traditional wholesalers supply wines and spirits
Food sourced locally and through wholesalers
STAFF
Owned and managed by vendors, a husband and wife team
Capable team of 11 part time staff built up over past 25 years covering kitchen, bar, cleaning and outside bar events
TRADING HOURS
Tue to Thurs: 11.30am to 11.00pm
Fri to Sat: 11.30am to 12 Midnight
Sun: 12 Noon to 10.30pm
Licence held until 12 Midnight during the week and 1am Friday and Saturday
FINANCIALS
Turnover currently £242,000 per annum
Overall gross profit margin 56.49%
Wet dry split approximately 55/45
PREMISES
A delightful and tradition wayside inn, with large restaurant, beer garden, childrens play area and owners accommodation
Car parking for approximately 40 vehicles
Conservatory restaurant with 48 covers
Bar area with further 26 covers
Large screen TV
Traditional bar
Sunken games bar with pool table
Refurbished ladies and gents WCs
Well equipped commercial kitchen
Beer garden with 5 a side football pitch to rear
Childrens play area with climbing frame
Petanque court
Owners accommodation with 2 double bedrooms, family bathroom, private WC, living room and extensive storage area
STRENGTHS
Location
Snoasis development nearby
Recent refurbishment costing £60,000 covering childrens play area, petanque court, new WCs, exterior and interior redecoration, air conditioning for conservatory and new cellar coolers
Consistently profitable with solid financials
Advantageous terms with Punch Taverns
Sizeable premises with traditional ambience, including wooden beams
Family beer garden
SCOPE
Entertainments licence
Outside catering
Business development activities and promotions generally
Introduction of new menus with potential to increase margins
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9640IP / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
