Busy Leasehold Community/family Pub In Bedfordshire | | Leighton Buzzard Bedfordshire | | Phoenix Business Agents are delighted to place onto the market this Leasehold Community/Family Pub which has been established for over 300 years. The business has been in the hands of the current owner since 2006 and she now wishes to sell. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64557
ADVERT IMPRESSIONS : 11,114 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | ASKING PRICE: | £145000 | LEASEHOLD: | £145000 | ANNUAL RENT: | £33000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated close to the town centre area of Leighton Buzzard in Bedfordshire.
- Prominent location on main arterial road.
- Excellent free parking facilities to the back and side of the premises.
- Industrial estates nearby.
- Surrounded by a densely 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 A4012, A505, A4146 and A418.
- Luton, Milton Keynes, Dunstable and Bedford all lie close by.
- Area enjoying much growth and regeneration.
- 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 favourable lease terms (see below).
- Turnover in excess of £195,000 pa with a net profit of £25,000(see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Community/Family Pub which has been established for over 300 years. The business has been in the hands of the current owner since 2006 and she now wishes to sell and relocate.
Services
This very good business opportunity provides a traditional community/family pub service with many activities designed to engage the local community and increase footfall.
Staffing
The concern employs 3 part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business through various internet pub and entertainment guides.
Competition
As far as competition is concerned there are other similar businesses within the town.
Market
The client base consists of local residents with high levels of passing trade.
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.
• There is an area to the rear where an annex of up to 12 guest rooms can be constructed.
• There is massive scope to develop the food side of the business, serving breakfast, lunch and evening meals.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
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. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled/carpeted/wooden with a middle aisle and shelving to the walls. It is very well presented and is very conveniently laid out.
The Pub has up to 120 covers internally plus up to another 120 outside where there are two patio areas, one in front of the pub, the other is situated to one side, there is also a very large beer garden at the rear. The customer service point is to the back. There are customer toilets.
With THREE bar areas, lots of parking and a massive outside area/beer garden, this pub caters for individuals, couples, groups, large or small and can also easily accommodate private functions.
In the summer, just one of the features of the garden is a bouncy castle where the kids can happily play for hours while Mum & Dad have some well earned 'rest & relaxation'
There is also a heated, outdoor smoking area.
Accommodation
On the first floor there is a spacious 3 bedroom flat with living room, kitchen and bathroom. One of the bedrooms is currently used as an office.
External
To the front there is a seated patio area and to the side of the building is a heated smoking area.
To the rear is a large car park and beer garden.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £8,000.
Financial Details
The present annual turnover is £197,600 with a gross profit of £49,400 and a net profit of £25,000. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 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 11.30am - 11.30pm
Friday to Saturday 11.30am – 2am
Sunday 12noon – 10.30pm
Tenure
The original length of the lease was 25 years with 20 years remaining. The rent is £33,000 pa with a review in 2016. The lease may be renewable or negotiable for longer term if required. The rates are £12,000.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £145,000
Ref: 2178
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: | 2178 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
