Upmarket Public House And 66 Cover Restaurant | | Reading Berkshire | | BERKSHIRE UPMARKET RESTAURANT & PUBLIC HOUSE WITH 66 COVERS high visible Village location 30/70 wet/dry sales A/T: £430,000 GP: 58% 4 Dbl bed accommodation Excellent scope for expansion L/.H: £70,000 + SAV REF: 1159RG | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67541
ADVERT IMPRESSIONS : 8,594 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £70,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business has an unopposed location in the heart of a very affluent village in Berkshire.
HISTORY
Originally founded over 100 years ago as a public house, the focus of the business has been developed over the last 4 years ago and now is not only the hub of the local community but also an established dining destination.
The emphasis now quite clearly is as a dining destination with over 70% of trade now food related
REASON FOR SALE
The vendors are only now reluctantly offering the business for sale to enable them to concentrate on their other restaurant
PRODUCTS
Approximately 70% of turnover is food sales and approximately 30% is wet sales with a large proportion of this as wines with the meals
The business is fully tied on beers, lagers, cider and wine
CUSTOMERS
Customers are mostly from the local village and those surrounding it, although many travel from further afield who are attracted by its excellent reputation and geographical area.
STAFF
3 full time chefs
2 full time front of house,
2 part time waitresses at approximately 20 hours per week each.
TRADING HOURS
Pub
Monday to Sunday from 12 noon to 12 midnight
Fri & Sat: 12 midday to 1am
Sunday: 12 midday to 11pm
Licence
Mon Thurs: 12 midday to 12 midnight
Restaurant
Monday to Sunday from 12 noon to 3pm & from 6pm to 9:30pm (for last orders)
FINANCIALS
Annual takings £430,000 (after VAT)
Gross profit margin 58%
Net profit £75,000
Stock holding £10,000
PREMISES
Front entry via lobby into the bar area
Original wooden floor with circa 10 covers, side flagstone flooring with approximately 18 covers
Main restaurant with a further 26 covers
Rear male and female W/Cs
Snug area with 12 seating area
Side exit to garden area
Through from restaurant to commercial kitchen, prep room, stores, cellar and laundry room
The kitchen etc is fully fitted for purpose and includes:
6 ring gas burner with ovens under and extraction over
Griddle, twin deep fat fryer
3 under counter fridges
Commercial microwave,
Commercial dish washer, range of stainless steel work units
2 under counter freezers
Stainless steel hand wash sink
Double sink with side drainers
Storage racking
60 / 40 and a 50 / 50 fridge freezers
1 chest and 1 upright freezer
Cellar with wine rack and barrel storage
Stairs to first floor with 4 double bedrooms, living room and bathroom with shower over bath
Rear garden with childrens climbing frame, slide and benches
The premises are fully alarmed and also benefit from having its own spacious car park
The premises are also extremely well presented throughout
STRENGTHS
An extremely well established business which has been transformed into a thriving village pub by the current owners
Excellent high visibility location in the heart of a very affluent area
The nearest competition is over 3 miles away
Outstanding customer reputation with a loyal and regular clientele
Net annual sales of circa £483,000 with an average gross profit of 58%
Good support from a reputable brewery
SCOPE
Developing its own web site
Have themed event nights
A new owner could live on site
Opportunity to reduce many outgoings which have developed from running multiple sites
TENURE
Leasehold
Original Lease: 10 years
Remaining Lease: 4 years
Review every: 5 years
Rent: £36,000 per annum
Rates: £5,000 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1159RG / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
