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BUSINESS REFERENCE : AC130 / RightBiz FULLY LICENSED INN WITH FOOD | | | | | | Fully Licensed Inn with Food Confidentially offered for sale Ref No: AC130 Location: Sandhurst, Berkshire Asking Price: £99,950 | | | BUSINESS LOCATION: | Undisclosed Berkshire UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SELLER: | Agent Sale | LEASEHOLD: | £99950 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business is a fully licensed inn with some food, which is set in a charming affluent village / town surrounded by prosperous countryside. The premises have been newly refurbished to a high standard and provide a high wet led trade for patrons that provides an excellent turnover of approximately £5,000 per week. On entering the premises you immediately sense the informal and relaxed atmosphere along with the original charm and character of this delightful village inn. Entertainment is a regular weekly feature of the pub with either live music or disco, while wi-fi is available throughout. Regular functions with buffet are also catered for.
Location:
The business is set in a very prosperous village cum small town set in Berkshire near the Hampshire border, yet it is only a few miles from two large towns with excellent shopping and leisure facilities that attracts local visitors and tourists alike. The surrounding countryside includes numerous well-to-do villages within easy travelling distance.
The local population range from the affluent, to those who commute to The City each day and to the many who work locally. The community is set around a wide High Street on the edge of which the Inn is located.
Premises:
During the last three years the Inn has changed dramatically as the vendors have carried out a total refurbishment of the bar trading area and progressed to establish the busy wet trade. The bar area has been fully modernised and refurbished while retaining the original charm and character of this traditional village pub. The bar benefits from a full EPOS till system.
There are two vestibule entrances leading to the Long L shaped oak bar and oak flooring, with slate tiles surrounding the bar itself and an open fire. To the rear is a fully equipped functional commercial kitchen, store room, ground floor cellar and rear entrance leading to a private yard / delivery area. Also from the bar you can exit to the patio beer garden with a storage shed and private garden to the rear. The garden could easily be extended into a children’s play area encouraging more family customers to use the facilities. Alongside the private yard is the private car park for approximately 13 vehicles that is in addition to the ample free parking available.
Modern ladies and gents toilet facilities are installed in the bar area.
Upstairs is the living accommodation that has also been refurbished in the last three years comprising of living room with open fire, two double bedrooms, single bedroom and bathroom.
Lease:
This is a fully renewable Punch lease currently five years, expiring late 2010, with no rent review during this period. There is a tie on all beer and cider and the rent is £35,000 per annum with rates of £4,120 being payable. Trade is 95% wet and 5% dry at this moment in time that allows great scope to increase the dry side of the business with associated profits. Due to the amount of attention and work lavished on the premises it benefits further from having no dilapidations.
Security:
There is a fully monitored ADT alarm system, complete with panic buttons, installed on the premises as well as smoke alarms throughout.
License:
Under the new Licensing Act prospective buyers will need to hold the relevant Licensing qualification. The premises itself is fully licensed.
Key Strengths:
Enjoying an eye-catching trading position the Inn is superbly set in an enviable position in this affluent town/village. Attention to detail and the friendly approach by all personnel is one of the main factors for the success of the business. The Inn has developed an excellent reputation for the standard of service provided for its customers and provides an ideal setting for customers who require a relaxing time with friends or family. It provides a range of beers, including two real ales – Breakspears and London Pride, wines, spirits and all soft drinks and beverages.
The present customer base continues to grow and with a good mix appreciating the wines, beers and spirits on offer enterprising new owners will probably wish to introduce regular lunchtime and evening food for which there would appear to be a good demand. The present, predominantly wet trade, provides a turnover of approx. £6,000 a week, including VAT.
Growth and Expansion:
Acquired by the present owner three years ago, the bar trading area has been extensively modernised, refurbished, decorated and upgraded to a high standard, while retaining its original charm and character. Food is currently only 5% of the trade and the introduction of this into the inn could increase the turnover of the business substantially.
Advertising and Marketing:
The best advert for this business is their local reputation. Further business could also be secured through effective marketing and by the creation of a website to advertise the added potential of pub lunches/dining, this would be a valuable asset to the business.
By far the most cost effective marketing at the moment is the word of mouth recommendation this business enjoys from its many satisfied customers.
Employees:
The owner works full time in the business and employs one full time member of staff with six part time members available as required.
Business Hours:
The trading hours are currently:
Monday – Thursday 12.00 – 11.00
Friday – Saturday 12.00 – 1.00
Sunday 12.00 – 10.30
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business has traded steadily in recent years and has stable profits and turnover. The current turnover is circa £255,000 per annum with good gross and net profits, with lots of potential to increase this easily.
Reason for Sale:
The owner took over a derelict pub with no business and has built it into a profitable enterprise and now wishes to repeat this in another location. | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | AC130 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
