Freehold Pub In Oxfordshire With Great Potential | | Sandford on Thames Oxfordshire | | Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Pub which has been established since the 1700’s. The business has been in the hands of the current owner since 1995 and they now wish to sell due to retirement and il | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70962
ADVERT IMPRESSIONS : 7,817 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | ASKING PRICE: | £1000000 | FREEHOLD: | £1000000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in the village of Sandford-on-Thames close to Oxford.
- Prominent location on main arterial road.
- Excellent free parking facilities.
- 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 A4074, A4142, A34 and M40.
- Oxford, Abingdon and Thame all lie close by.
- 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 £130,000 pa with a net profit of £17,818 (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for a husband and wife team (especially if one of the team is an experienced Chef), The business would also be of interest to an existing pub or restaurant chain looking to expand their portfolio.
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a high street pub service with a country pub atmosphere.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Pub which has been established since the 1700’s. The business has been in the hands of the current owner since 1995 and they now wish to sell due to retirement and ill health.
Services
This very good business opportunity provides a high street pub service with a country pub atmosphere.
Staffing
The concern employs no staff and is family run.
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
There is no immediate local competition.
Market
The client base consists of local residents with good business trade from the nearby Oxford Science Park..
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.
• The 6 rooms above the pub opens up a great opportunity to offer bed & breakfast
• Increasing the services to include a lunch time and evening menu.
• 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 and is a Grade II listed public house with a four bedroom bungalow attached. The owner has advised that Planning Permission has been granted for a pair of three bedroom semi detached houses. The public house is situated in the village of Sandford-on Thames on the high street and has an extensive lounge area with original beamed ceiling, the bar area includes 2 pool tables and a darts throwing area, two ladies toilets and one gents toilets, large kitchen and accommodation upstairs comprises lounge, six bedrooms, family bathroom, outside there is ample car paring to the front and side of the Pub and a patio area to the side with gardens to the rear with views over farmland.
The detached bungalow has four bedrooms, master with an en-suite bathroom shower room, a lounge/diner, fitted kitchen and family bathroom, ample parking to the front and a rear garden.
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 £138,558 with a gross profit of £78,302 and a net profit of £17,818. The present value of the stock is £2,000.
The potential turnover of the business within the next 2 years is forecast to reach £220,000 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 Friday: 12noon – 4.00pm >7.00pm -11.30pm
Saturday to Sunday: 12.00noon - 11.30pm
Tenure
The business is freehold and the rates are £6,000 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £1,000,000
Ref: 2435 | | | | | | FOR SALE | | | | | REFERENCE: | 2435 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
