Community Public House In Cambridgeshire | | Undisclosed Cambridgeshire | | Public House Peterborough, Cambridgeshire T/O: £185,000 GP: 40% Scope to increase turnover Town centre location Loyal customer base Spacious owners' accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 54527
ADVERT IMPRESSIONS : 21,370 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £59,950 | ANNUAL RENT: | £19000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
This popular public house occupies a substantial property, ideally located in the centre of a thriving market town on the outskirts of Peterborough, Cambridgeshire. The property is situated on a busy street in the town and is surrounded by a wide range of complimentary shops and business. The premises have an extensive private car park to the rear and the local bus route and railway station are both within easy walking distance. There is easy access to Peterborough, with junction 17 of the A1 (M) less than 10 miles distant.
Business History
Preferred Commercial is pleased to offer for sale this popular and successful public house, which was established in 1630 and has been in our clients' careful hands since 1994. The business is only now presented to the market due to our clients' wish to retire. The property boasts large bar areas, a commercial kitchen and sizeable 4-bedroom owners' accommodation and has recently had the smoke alarms, fire alarms and emergency lighting renewed. The public house is based in the heart of the community and benefits from a loyal customer base. Our clients have established an active darts team, a pool team and fishing club. The business currently trades in wet sales only, which generates an approximate annual turnover of £185,000, with a gross profit of 40%. We feel turnover could be further improved by re-establishing food sales and the new owner could also expand the business by introducing evening entertainment. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £185,000 approx.
GP: 40%
Opening Hours
Mon - Sat: 12.00pm to 11.00pm
Sun: 12.00pm to 10.00pm
Accommodation Details
Substantial 3-storey property with owner's accommodation and large car park situated in a town centre location. Briefly comprising:
Ground Floor
• Games room with tables and chairs for approximately 40-covers, bar servery with 10 points of dispense, display optics, chiller, 2 x darts boards and pool table
• Lounge bar with tables and chairs for approximately 50 covers, bar stools, 2 x drinks chillers, bar servery with 10 points of dispense, display optics, wine chiller, new glass washer, darts board and 2 x open fireplaces
• Ladies and gents WCs
• Stainless steel commercial kitchen with 2 x coffee machines, hot cupboard, 2 x preparation tables, 4-pot Bain Marie, new griddle, 2-ring electric plate with 2-pot Bain Marie, double fryer, 6-burner gas hob, meat slicer, double bowl sink unit, dishwasher, chest freezer and extraction system.
First Floor
Owners' accommodation
• Bathroom
• WC
• Double bedroom
• Double bedroom
• Lounge
• Kitchen
• Dining room
Second Floor
• Double bedroom
• Double bedroom
External
• Prominent frontage onto main road
• Large car park to rear with bin storage
Tenure
Leasehold
Original length: 20 years
Remaining: 13 years
Review: every 5 years
Rent: £19,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2007 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
