Thriving Leasehold Pub With Established Bed And Breakfast | | Rainham Essex | | Phoenix Business Agents are delighted to place onto the market this busy Pub which has been established since 1900. The business has been in the hands of the current owner since 2001 and now wishes to sell due to focusing on other businesses. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63711
ADVERT IMPRESSIONS : 15,542 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | ASKING PRICE: | £175000 | LEASEHOLD: | £175000 | ANNUAL RENT: | £32000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in busy area of Rainham in Essex.
- Prominent location on main arterial road.
- Excellent parking facilities with very large car park.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the central London by both Road and Rail.
- Rainham Main line rail station and A13 road all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £220,000 pa with a gross profit of £129,800. (See financial summary below).
- A business with great potential which has planning permission to extend by a further 10 rooms.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for partnership or couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Bed and breakfast and is a fully licensed Pub and restaurant.
History
Phoenix Business Transfer Agents are delighted to place onto the market this busy Pub which has been established since 1900. The business has been in the hands of the current owner since 2001 and now wishes to sell due to focusing on other businesses.
Services
This very good business opportunity provides economy Bed and Breakfast, Pub and Restaurant.
Staffing
The concern employs 2 full time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in local websites and has a website.
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business some Ό miles away.
Market
The client base consists of locals and commercial contracts.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Increasing the opening hours to include all day.
Becoming more efficient with staffing levels.
Working more hands on hours and saving on wages.
With the introduction of a website and e-commerce.
With an enhanced website.
There is planning permission to extend by 10 on suite rooms.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is detached with a large car park to the rear. There is a large decked garden area to the side and a large decked seating area to the front. It is well presented and is very conveniently laid out.
There is a Bar area and a restaurant area with 20 covers.
There are customer toilets.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
There is a large basement and further storage.
FIRST FLOOR
On the first floor there are 6 letting rooms shower rooms and toilets.
SECOND FLOOR
On the second floor there is an owners flat with 2 bedrooms, bathroom, toilet and a living room.
EXTERNAL
To the front there is a decked seating area.
To the rear a deck garden area with room for up to 3 caravans.
There is also a large car park area.
EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £30,000.
FINANCIAL DETAILS
The present annual turnover is £220,000 with a gross profit of 58%. The wages are £400 PW. The present value of the stock is £5000.
The potential turnover of the business within the next 2 years is forecast to reach £350,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
TRADING HOURS
Monday to Thursday 11.00am to 11.00pm
Friday Saturday Sunday 11.00am to 12.00am
TENURE
The original length of the lease was 20 years with 14 years remaining. The rent is £32,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £10,000.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £175,000
Ref: 2159
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: | 2159 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
