Superb Public House Hertfordshire | | Bishops Stortford Hertfordshire | | SUPERB PUBLIC HOUSE - HERTFORDSHIRE Main road location in the affluent area of Sheering Good quality 3 bedroom owners accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58895
ADVERT IMPRESSIONS : 10,714 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | FREEHOLD: | £750000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB PUBLIC HOUSE - HERTFORDSHIRE
Main road location in the affluent area of Sheering
Good quality 3 bedroom owners accommodation
Turnover £150,000 pa with huge growth potential
Huge growth potential for hands on owners
Early viewing highly recommended
Possible letting rooms opportunity
Well established customer base
FREEHOLD
Location
This superb public house is located in the centre of the popular and affluent town of Sheering near Bishops Stortford. Sheering is a popular and upmarket town and is in an area renowned for its rolling countryside weekly markets and fine period properties. The business stands in a prominent position close to one of the major crossroads and is surrounded by a wealth of complimentary properties, retail outlets, Stanstead Airport, light industry and one of the major supermarkets. The business and the town enjoy strong road links to the neighbouring larger towns of Bishops Stortford and Harlow all of which can be accessed via the M11 motorway and A120 and A414 trunk roads.
Business History
Meridian Business Sales are delighted to offer to the market this well established public house with possible letting rooms. The business has been in the careful hands of our clients since 1992 and only now wish to put the business onto the market due to their desire to take a well earned retirement. Since our clients took ownership of the property they have embarked on a refurbishment program to all areas of the business culminating in a true walk-in and trade opportunity. They have continually developed and improved the business introducing new income streams which have enhanced the annual turnover which is currently running at £150,000 pa with a gross margin of 55%. This is derived from the sale of cask ales, lagers, wines, soft drinks and spirits. The restaurant has 38 covers offering a wide selection of quality locally sourced English cuisine which is popular with the local community. In addition, there is also the possibility of extending the property to introduce letting rooms as Stanstead Airport is located just a few miles to the north of the public house. Meridian Business Sales recommends early viewing so as to appreciate the quality and scope for further growth of this business.
Financial Profile
Turnover: £150,000 pa
Gross profit: 55%
Stock approximately: £4,000
Tenure
We are advised freehold
Opening Hours
Monday to Friday: 11:30am - 11:30pm
Saturday: 11:00am - 12:30am
Sunday: 11:30am - 4:00pm > 7:00pm - 11:00am
Accommodation
Well presented and maintained detached 2 storey Victorian property currently trading as a public house with 3 bedroom owners accommodation briefly consists of:-
GROUND FLOOR
Entrance leads to the main bar with feature fireplace and carpet flooring. Large bar with beer dispensers for lagers and cask ales storage shelving for glasses and back display bar. Double fronted glass bottle fridges and commercial glass washer. Large lounge area with fireplace, free standing furniture and quality carpet. Large commercial kitchen with stainless steel preperation tables, 6 burner range, deep fat fryers, salamander grill plus full extraction unit. Ladies and gents toilets. Restaurant with 38 covers, high quality furniture, beamed ceiling and quality carpet. 1 x storage room, 1 x utility area with sink and laundry, 1 x ground floor beer cellar and staircase to first floor.
FIRST FLOOR
Large landing with quality carpet and decoration.
3 x double bedrooms, two with built in wardrobes.
1 x large lounge with quality decoration and carpet.
1 x kitchen with base units and sink could be used for fourth bedroom.
1 x office and 1 x boiler cupboard.
1 x bathroom with 3 piece suite and shower
EXTERNAL
Large car park to the front of the property for 20 plus cars. Beer garden to the side of the property with furniture and children's play area. Large private garden to the rear of the property laid to lawn with mature shrubs and trees. | | | | | | FOR SALE | | | | | REFERENCE: | 2000 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
