Leasehold Popular Village Pub In South Buckinghamshire Price Reduced | | Iver Buckinghamshire | | Phoenix Business Agents are delighted to place onto the market this Popular Village Pub which has been established since the early 1900’s. The business has been in the hands of the current owner since 2010 and he now wishes to sell. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64661
ADVERT IMPRESSIONS : 11,193 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | ASKING PRICE: | £69,950 | LEASEHOLD: | £69,950 | ANNUAL RENT: | £48,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the Thorney Park area of Iver in South Buckinghamshire.
- Prominent location on main arterial road.
- Excellent free parking facilities for up to 50 vehicles on 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 A4, M4, M25 and A408.
- Heathrow Airport, Thorney Park Golf Club, Richings Park, Stockley Park and Iver Heath 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 £450,000 pa with a net profit of £28,000 (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.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a Traditional English Village Pub.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Popular Village Pub which has been established since the early 1900’s. The business has been in the hands of the current owner since 2010 and he now wishes to sell due to relocation.
Services
This very good business opportunity provides a Traditional English Village Pub.
Staffing
The concern employs 3 full-time and 5 part-time (Casuals).
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in Yell.com.
Competition
As far as competition is concerned there are 3 other similar businesses 1 mile away.
Market
The client base consists of local, passing trade and golfers.
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 tremendous scope to develop the restaurant side of this business
• 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 a detached pub premises with car park. Briefly comprising: Ground Floor • Bar area with large bar with 9 points of dispense, 2 x fruit machines, window seats and tables, 9 tables and 30 chairs, 2 x electronic cash registers, coffee machine, 5 glass fronted refrigerators, optics gallery, flat screen TV and sweet machine • Pool room with 2 x tables, 8 x stools, large TV, pool table, dart board, juke box, • Ladies & gents WCs with wash hand basins Kitchen with 2 x deep fat fryers, microwave ovens, grill, hot plate, weighing scales, sink unit First Floor • Function room with bar, tables and chairs for up to 40 covers • 3 x double bedrooms • Bathroom • Lounge External • Large car park with spaces for up to 60 cars • Beer garden with children's play area • Covered smoking area
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £25,000.
Financial Details
The present annual turnover is £480,000 with a gross profit of 50% and a net profit of £28,000. The present value of the stock is £2,500.
The potential turnover of the business within the next 2 years is forecast to reach £600,000 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: 11am - 11pm
Friday to Saturday: 11am – 12am
Sunday: 12noon – 11pm
Tenure
The original length of the lease was 25 years with 22 years remaining. The rent is £48,000pa with a review in 2014. 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: £85,000
Ref: 2197
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: | 2197 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
