Freehold Public House Headington Oxford Price Reduced | | Headington Oxfordshire | | Phoenix Business Transfer Agents are delighted to place onto the market this leasehold Indian Fusion Restaurant with accommodation which has been established since 2008. The business has been in the hands of the current owner since 2008 and he now wishes | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61178
ADVERT IMPRESSIONS : 11,631 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | ASKING PRICE: | £825,000 | FREEHOLD: | £825,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | This superb business opportunity is situated in the area of Headington, an affluent part of the city of Oxford .It is just off a main arterial road which leads to London and the motorway.. There is a well populated residential area surrounding the property and it is close to all local amenities. There is ample parking directly outside the premises.
The location is well linked with the A34 and M40 and good bus links. The business has clientele from allover Oxford. The locale offers a good lifestyle opportunity and has good local facilities including schools and hospitals nearby.
Business Details
Phoenix Business Transfer Agents are delighted to place onto the market this popular freehold free of tie public house which has been long established. The business has been in the hands of the current owners since 2000 and they now wish to sell due to other business interests.
This very good business opportunity provides a traditional local pub experience with a good selection of English foods. There are 5 darts teams, 2 pool teams, and 2 football teams. It is used mostly by the local residents and therefore benefits from a loyal customer base.
The concern employs 2 part time staff who work 18 and 17 hours respectively. They are paid at the rate of £6 per hour.
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold Indian Fusion Restaurant with accommodation which has been established since 2008. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to other business interests.
The owners’ role is very hands on and one partner works full time operating the business. The other works on a part time basis, helping out where required. The business would ideally suit a husband and wife team.
The particular highlights of the business are:
• A very sound freehold property investment.
• Situated in an affluent and popular suburb of Oxford.
• A traditional pub which is the focal point of the local community.
• A regular clientele.
• Fully trained staff that would stay after a sale.
• Good financial profile and profits.
• A free house with all the benefits of buying power from various suppliers.
The concern has huge potential. In particular the turnover and profits can be increased by:
• More marketing and a more up market facelift in order to attract more clientele.
• Extending the food menu to attract more lunchtime food trade. At present only 10% of total trade is food.
The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required
Property Details
The premises are detached and are situated on a large corner plot. It has been completely renovated to a high standard. There is a lobby to the front which leads to the main bar area which can accommodate up to 100 clients. There are 2 darts areas and a pool room. The bar is L shaped and comes fully equipped. The far end leads to a restaurant area which has 30 covers. There are ladies and gents toilets.
Equipment with sale
All equipment and fixtures and fittings are included in the sale price.
First Floor
On the first floor is a 3 bed roomed owner’s accommodation with a lounge, separate kitchen and bathroom.
External
To the front there is a large patio area and a decked front which is for smokers. There is seating outside.
To the rear there is a beer garden.
Financial Details
The turnover for 2010 was approximately £234,000 p.a, with a gross profit of 60%. The wages are £248 per week. The present value of the stock is £4,000 and the fixtures fittings and equipment are worth in excess of £50,000, and they are included in the sale.
The potential turnover of the business within the next 2 years is forecast to reach £300,000 given the changes that are required to be made to the business.
Opening Hours
The business operates from Monday to Thursday between Noon and 11pm, and Friday and Sunday Noon to midnight.
Tenure
The property is freehold.
Viewings
The owners are available for viewings at any time.
Price: £925,000 + SAV
Ref: 1274
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 1274 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
