FREEHOLD PUB WITH DETACHED BUNGALOW IN GROUNDS
Located on main rd in affluent village
100% wet sales -full commercial kitchen Scope for food
A/T: £138,500 GP: 57%
Scope to let out rooms & build houses
9795OX / RightBiz
The pub has an excellent high visibility location on a main arterial road of an affluent village in Oxfordshire.
The pub has its own extensive car park, which can accommodate around 20 vehicles. Additional parking is available free of charge on streets in the immediate vicinity.
Advent Business Sales is pleased to offer to the market, this extremely well established community led freehold public house with detached 4 bedroom bungalow in its grounds.
The pub, which dates back to 1745, has been owned by the present vendors for over 14 years and is only now being reluctantly offered for sale as they wish to retire.
The pub is very much the focal point of the local community, with 4 pool, 8 darts, 2 crib and 2 Aunt Sally teams playing on a regular basis at the premises.
The pub has a full range of real ales, lagers, spirits and alcoholic beverages with the guest ales alternating on a regular basis. Sales are almost exclusively wet, with the annual turnover in the last financial year being circa £140,000. The vendors are running the pub on a lifestyle basis to suit their own needs.
We are advised that stock at cost is circa £3,000.
The pub has a full commercial kitchen which comprises:
5 microwaves (3 of which are commercial)
6 burner gas cooker with oven under, grill over and stainless steel extraction unit
Double deep fat fryer
Plate warming cupboard
1 chest and 4 upright freezers,
50/50 fridge freezer
1 upright fridge
Stainless steel sink with single side drainer
2 stainless steel work tables.
Mon to Sun: 12pm-4pm
The business only has the 2 vendors operating the pub, both of whom are full time.
1. Opportunity to let out some of the private bedrooms in the pub.
2. Open up to food sales as none are currently provided.
3. Planning permission exists to demolish the bungalow in the grounds and to erect in its place a detached 4 bed house, together with 2 x 2 bed semi-detached houses. The estimated sale price of the 3 houses when built is in the order of circa £1.3 million.
The pub is a Grade II listed building, which includes a centre opening door into lounge. The original beams are a distinctive feature of the lounge area. The lounge also includes a plasma TV, gas fire and juke box.
To the rear of the building there is a large games room, which includes 2 pool tables, darts throwing area, large plasma TV, ladies w/c, exit to side car park, drop down screen for ceiling mounted projector.
The rear garden includes 12 benches, barbecue area, as well as 2 ladies and 1 gents w/c.
The detached bungalow includes:
2 x double bedrooms (one is en-suite)
2 x single bedrooms
Large fitted kitchen
Spacious lounge with dining area
Bathroom + w/c and shower
Parking for around 8 cars
Gas central heating
All UPVC double glazing
Currently let at £950 per month
We have been advised by the vendor of the following:
Annual sales: £138,558
Gross Profit: 57%
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.
We are advised that the annual business rates are currently: £7,000
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).
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