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BUSINESS REFERENCE : 1004 / RightBiz 1004: PUBLIC HOUSE OXFORDSHIRE PRICE REDUCED | | | | | | Phoenix is delighted to offer this traditional public house onto the market. This public house was established in the 19th Century and with our client operating the concern since 1998. Our clients offer a traditional service with almost entirely wet sales. The business employs 4 part time members of staff as well as the owners who are a husband and wife team working on a full time basis. This public house is a “Games Pub” with pool, aunt sally, darts and bar billiards teams. Lunch is offered from Tuesday to Friday and the business attracts a strong local clientele from the area. It is the only public house in the village. The owners have an old Moreland lease which is fully assignable and are only tied for beers. The turnover of the business is in the region of £220,000 with gross profits in the region of 50%. The rent is very reasonable at only £25,000 per annum. There is potential to increase turnover and profits with the introduction of food in the evenings and also to establish a bed and breakfast service as there are 5 bedrooms available on the first floor for this purpose. Our clients now wish to retire hence reluctant sale. | | | BUSINESS LOCATION: | Oxford Oxfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £110000 | ANNUAL RENT: | £25000 | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
This traditional public house is situated in a small village in a very tranquil and peaceful setting. The premises overlook open fields and offer a lifestyle business. The village is ideally located with Didcot only 2 miles away, Abingdon 6 miles away and Newbury and Oxford 12 miles away. The A34 and M4 are easily accessible.
BUSINESS DETAILS
Phoenix is delighted to offer this traditional public house onto the market. This public house was established in the 19th Century and with our client operating the concern since 1998.
Our clients offer a traditional service with almost entirely wet sales. The business employs 4 part time members of staff as well as the owners who are a husband and wife team working on a full time basis.
This public house is a “Games Pub” with pool, aunt sally, darts and bar billiards teams.
Lunch is offered from Tuesday to Friday and the business attracts a strong local clientele from the area. It is the only public house in the village.
The owners have an old Moreland lease which is fully assignable and are only tied for beers.
The turnover of the business is in the region of £220,000 with gross profits in the region of 50%. The rent is very reasonable at only £25,000 per annum. There is potential to increase turnover and profits with the introduction of food in the evenings and also to establish a bed and breakfast service as there are 5 bedrooms available on the first floor for this purpose.
Our clients now wish to retire hence reluctant sale.
FINANCIAL DETAILS
Turnover: £220,000 per annum (Approx.)
Gross Profit: 50% per annum (Approx.)
OPENING HOURS:
Mon – Sat: 11.00am – 11.00pm
Sun: 12.00pm – 11.00pm
PROPERTY DETAILS
This very large detached public house consists of:
Ground Floor
Entrance to large bar area divided into 2 sections
Bar has 4 hand pumps 2 tea bars and 10 other pumps
2 feature fireplaces
Toilets
To the rear
Pool room with duke-box
Large fully equipped kitchen
Storage area
First Floor
5 Bedrooms
Bathroom
Toilet
External
Large storage area in detached building
Spacious car park
Beer garden with approx 20 covers
Children’s play area
Aunt Sally
Smoking area
Crazy golf course
Large building housing the local Pigeon club who visit twice weekly
TENURE: Leasehold.
ORIGINAL LENGTH: 21 years.
REMAINING: 4 years.
RENT: £25,000per annum. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | PHOENIX BUSINESS AGENTS | | CONTACT: | 0844 567 5016 | | REFERENCE: | 1004 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
