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BUSINESS REFERENCE : 1002 / RightBiz PUBLIC HOUSE IN OXFORDSHIRE | | | | | | Phoenix is delighted to introduce this award winning public house on to the market. The business has also been featured in the Good Year Guide for the past 2 years. There has been a public house on this site since the 15th Century and the business is shrouded with history.This is a traditional public house which our client took over and has improved immensely. The introduction of traditional “Pub Grub” has proved very successful and along with the recent refurbishment it has become a very successful concern, with one of the features attracting a high level of customers the large well furnished children’s play area as this is the only one available in the area. The turnover is rapidly increasing month on month.The public house is in fact a Free House and there is no tie at all which produces a gross profit in the region of 65%. Barrelage usage is above 130 per annum.The turnover is in excess of £200,000 wet sales accounting for over 70% of turnover as the superbly presented restaurant has also proved very successful. There is excellent potential to increase turnover and profits further which are naturally increasing with the changes in any case. Pool teams could be re introduced and there are plans afoot to convert one of the areas into a small wine bar which our client believes would be very popular. Despite the current opening hours our client is actually licensed to open until midnight Sun – Thurs and 1.00am Friday and Saturdays.Our client is available for a business familiarisation period if required. The business is run by the owner with part time staff. | | | BUSINESS LOCATION: | Oxford Oxfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SELLER: | Agent Sale | LEASEHOLD: | £135000 | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
This superbly presented and extremely spacious premises represent an excellent opportunity to purchase a lifestyle business which is situated in a quite village with loyal and local customers.
This peaceful and tranquil setting is 5 mile from Bicester, and there are at least 5 other surrounding villages which do not have a public house. The village lies just off the main route to Aylesbury which is also close by and Oxford is only 12 miles away. The area is well served with the M40 motorway which provides access to London and the North.
BUSINESS DETAILS
Phoenix is delighted to introduce this award winning public house on to the market. The business has also been featured in the Good Year Guide for the past 2 years. There has been a public house on this site since the 15th Century and the business is shrouded with history.This is a traditional public house which our client took over and has improved immensely. The introduction of traditional “Pub Grub” has proved very successful and along with the recent refurbishment it has become a very successful concern, with one of the features attracting a high level of customers the large well furnished children’s play area as this is the only one available in the area. The turnover is rapidly increasing month on month.
The public house is in fact a Free House and there is no tie at all which produces a gross profit in the region of 65%. Barrelage usage is above 130 per annum.
The turnover is in excess of £200,000 wet sales accounting for over 70% of turnover as the superbly presented restaurant has also proved very successful. There is excellent potential to increase turnover and profits further which are naturally increasing with the changes in any case. Pool teams could be re introduced and there are plans afoot to convert one of the areas into a small wine bar which our client believes would be very popular. Despite the current opening hours our client is actually licensed to open until midnight Sun – Thurs and 1.00am Friday and Saturdays.
Our client is available for a business familiarisation period if required.
The business is run by the owner with part time staff.
FINANCIAL DETAILS
Turnover: £200,000 per annum (Approx.)
Gross Profit: 65% per annum (Approx.)
OPENING HOURS:
Oct - April:
Mon – Sun: 4.00pm –11.00pm
May – Sept:
Mon - Sun: 12.00 noon – 11.00pm
PROPERTY DETAILS
This grade II listed building consists of:
Ground Floor
• 2 Separate entrances to building
• Main entrance to lobby area leading to large public bar
• Seating for over 50
• Fully equipped bar
• Refrigerators
• 12 Pumps behind bar
• Large open plan area leading to separate pool room/ darts, TV screens, pool table, duke box and cigarette machine all owned by our client
• Further small bar area with large open fireplace with seating for up to 20
• Separate restaurant stunningly presented with between 26 – 36 covers fully refurbished with wooden flooring
First Floor
• 4 Large double bedrooms
• Living room
• Bathroom
External
• Front faces main arterial road through the village
• To the rear
• Large garden
• Play area for children
• Outbuildings
• Covered storage area
• Very spacious car park to the side of premises.
TENURE: Leasehold
ORIGINAL LENGTH: 23 ½ years.
REMAINING: 20 years.
REVIEW: Every 05 years.
RENT: £25,000 per annum. | | | | | CONTACT: | PHOENIX BUSINESS AGENTS | | TELEPHONE: | 0844 567 5016 | | REFERENCE: | 1002 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
