Public House Restaurant In Hampshire | | Waterlooville Hampshire | | Large Public House, Waterlooville, Hampshire T/O: £300,000 GP: 54% Huge scope Large residential area New estate being built 3-bed owners' accom Prominent location | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63553
ADVERT IMPRESSIONS : 14,679 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £79,999 | ANNUAL RENT: | £43,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Falcon occupies substantial detached premises in a prominent position on a busy main road in Waterlooville, Hampshire. The business is close to a large parade of shops and benefits from a high footfall and much passing trade. There is a large residential area behind the public house and we are advised there are 600 new homes due to be built opposite, which can only increase trade. Waterlooville lies approximately 8 miles north of Portsmouth and is easily accessed with junction 3 of the A3(M) being just 2 miles from the business.
Business History
Preferred Commercial is pleased to offer for sale this popular public house, which was established in 1960 and which has been in our clients' hands since 2007. The business is only now being placed on the market due to our clients' wish to relocate. The pub generates a turnover in the region of £300,000 per annum with a gross profit of 54% derived from sales of alcohol and recently introduced food sales. The business is very much at the heart of the community and hosts two pool teams and a darts team. The premises benefit from 3-bedroom owners' accommodation and an extensive car park. There is scope for a new owner to increase turnover by promoting the food side of the business and by serving Sunday lunches. A new owner could introduce a modest web site to further advertise the business. We feel this is an ideal opportunity to acquire a thriving public house business with huge scope for future growth. Early viewing must come highly recommended.
Financial Details
T/O: £300,000 approx.
GP: 54%
Opening Hours
Mon - Sat: 11.00am - 11.00pm
Sun: 11.00am - 10.00pm
Accommodation Details
Substantial public house premises with large car park and owners' accommodation. Briefly comprising:
Ground Floor
• Bar lounge with wooden tables, chairs and bench seating, TV and bar servery
• Games bar with pool table and dartboard
• Ladies & gents WCs
• Commercial kitchen with double sink, tiled floor, dishwasher, 4-burner hob, 2 x double fryers, chest freezer, refrigerator and extraction system
• Large boiler room
• Large ground floor beer cellar and bottle store
First Floor
• Large lounge
• Large double bedroom with fitted wardrobes
• Large double bedroom
• Single bedroom
• Recently refitted kitchen with a range of fitted wall and base units, oven and hob
• Family bathroom
External
• Beer garden to rear with covered smoking area
• Large car park for approximately 30 vehicles
• Garage
Tenure
Leasehold
Original length: 21 years
Remaining: 12 years
Review: every 3 years
Rent: £43,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2456 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
