Freehold Pub And Detached Cottage Buckinghamshire Price Reduced | | Undisclosed Buckinghamshire | | Phoenix Business Transfer Agents are delighted to place onto the market this well run freehold public house in Buckinghamshire which has been established since the 1700’s. The business has been in the hands of the current owners since 1994. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 52440
ADVERT IMPRESSIONS : 22,816 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | ASKING PRICE: | £895,000 | FREEHOLD: | £895,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in rural village in Buckinghamshire.
- Prominent location on main arterial road through the village.
- Free on street parking.
- Surrounded by well populated residential area with schools and other local amenities.
- Some passing trade.
- The Pub is the hub in terms of activities within the community.
- An affluent village with a buoyant local community.
- Village hall opposite which holds all local events and brings in large amounts of business.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- An excellent freehold investment which includes a freehold commercial premises with accommodation as well as a detached cottage (new build).
- A free house with high levels of gross profit.
- A true lifestyle business within a very rural area.
- A well established business.
- Good loyal clientele.
- Space to extend the kitchen to provide more food.
- Turnover in excess of £200,000 with a net profit of £60,000 (see financial summary below).
- A business with great potential which has not been exploited because the owners wish to retire.
- An easily run operation.
- Good loyal well trained staff.
- An ideal purchase for a husband and wife team with a catering or pub background.
- Very low overheads.
- A niche concern with no local competition.
- Business enjoys superb local reputation.
- The concern provides a traditional pub experience with food.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well run freehold public house in Buckinghamshire which has been established since the 1700’s. The business has been in the hands of the current owners since 1994 and they now wish to sell due to retirement.
Services
This very good business opportunity provides a traditional pub experience for its mainly regular clientele. There is also some food provided but the sales are 90% wet. A bed and breakfast service is also offered.
Staffing
The concern employs casual staff when required and is family run.
Owners Role
The owners are involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition in the village.
Market
The client base consists of regulars and many societies including gun clubs, darts teams, Aunt Sally players, and two cricket teams. There are also quizzes held in the pub.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• The cottage could be used as a holiday let.
• One of the key areas to improve the business is providing a food service.
• The function room needs to be promoted for more events.
• The bed and breakfast service is not well advertised.
• More marketing needs to be done to attract more clients from outside the village.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is detached and lies on ¾ of an acre. It consists of a freehold pub which has a large bar area with a rectangular bar which also services the restaurant/ function room. There are many original features including a fireplace. The restaurant can have up to 100 covers, and the cellar is on ground level. The kitchen is to the rear with a store room.
First Floor
On the first floor there are 3 en suite bed rooms and a flat with a kitchen, a bathroom, 2 double bed rooms, and a lounge. The rent for the rooms is in the region of £35-40 per night.
External
To the front there is the main road.
To the rear there is a courtyard area leading to a detached cottage with 3 bed rooms, and an open lounge/ kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present turnover is £200,000 per annum with a gross profit of 60% and a net profit of £60,000. The wages are £0. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £400,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Sunday: Noon to 2.30 pm and 5.00 pm to 1.30 am.
Tenure
The business is Freehold and the rates are £2,952 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £975,000
Ref: 1746 | | | | | | FOR SALE | | | | | REFERENCE: | 1746 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
