Thriving Village Pub With Living Accommodation | | Crowborough East Sussex | | Phoenix Business Agents are delighted to place onto the market this thriving Pub which has been established since 1741. The business has been in the hands of the current owner since 2006 and now wishes to sell due to spending time with family. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65505
ADVERT IMPRESSIONS : 10,732 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | ASKING PRICE: | £95,000 | LEASEHOLD: | £95,000 | ANNUAL RENT: | £27560 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the busy area of the High Street in Rotherfield.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Surrounded by 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 towns of Crowbrough and Tunbridgewells.
- Crowbrough Railway Station is close by with links to Central London.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent 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 £260,000 pa with a net profit of £48,000 (see financial summary below).
- A business with great potential to increase turnover.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- Very much a tourist haven.
- The concern provides traditional pub food and drink, light meals. They provide live music.
- Has regular events.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving Pub which has been established since 1741. The business has been in the hands of the current owner since 2006 and now wishes to sell due to spending time with family.
Services
This very good business opportunity provides traditional pub food and drink together with many pub teams and live music. The business is very much a tourist haven with walkers and cyclists as regular clients.
Staffing
The concern employs 4 people and the wages are £20,176 pa.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
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 ¼ miles away.
Market
The client base consists of locals and clients from villages and towns close by. It also attracts tourist walkers and cyclists.
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 trading.
• Increasing the product line to include outside bars.
• 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 a garden area that has been granted planning permission to use as a beer garden.
• It may be possible to use part of the accommodation as a B&B.
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 semi detached. The main customer service area is very well presented and is very conveniently laid out.
The restaurant has 20 covers. There are customer toilets.
To the rear is a store room and a fully fitted commercial kitchen.
There is large cellar.
First Floor
On the first floor there are 3 double bedrooms, living room, bathroom and toilet.
Loft Floor
There is a very large loft area that could be used as a living room/office. There are stairs to the loft.
External
To the rear is a garden area, a double garage and a large outhouse which is the same size as the double garage.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present annual turnover is £260,000 with a gross profit of £104,000 and a net profit of £48,000. The wages are £20,176. The present value of the stock is £3,500.
The potential turnover of the business within the next 2 years is forecast to reach £325,000 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: 12.00pm to 3.00pm and 6.00pm to 12am
Friday and Saturday: 12.00pm to 1.00am
Sunday: 12.00pm to 12.00am
Tenure
The original length of the lease was 15 years with 10 years remaining. The rent is £27,560 pa. The lease may be renewable or negotiable for longer term if required. The rates are £2,000.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £95,000
Ref: 2239
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: | 2239 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
