| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 1,499 TIME(S)
BUSINESS REFERENCE : 1006 / RightBiz RAILWAY THEMED PUBLIC HOUSE | | | | | | Phoenix are delighted to place onto the market The Morning Star which is a superbly presented themed railway public house. It was established in 1789 and our clients have owned the business since 2005. This is a retirement sale. The premise has an air of charm and tradition. All of the areas of the public house have themed names including the “Engine Room” and the “Pullman Room”. The whole property is filled with memorabilia.Since our clients purchased the business they have made huge changes and fully refurbished the premises and there is now a very classy restaurant with a conservatory and in fact food has now increased to 50% of turnover.There are darts, cribbage, dominos and a football team who are catered for by our clients.Although the pub has a Greene King lease, it is an old Moreland lease and therefore our clients are tied for beers only. | | | BUSINESS LOCATION: | Wallingford Oxfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SELLER: | Agent Sale | LEASEHOLD: | £135000 | ANNUAL RENT: | £27000 | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
This superbly presented business is situated in the village of Cholsey, which is a very affluent and well populated village. There is a building yard close by which attracts lots of construction workers who use the pub for beverages and food.
The town of Wallingford is only 2 miles away and Didcot is only 5 miles. Didcot houses the railway museum and is also a mainline station.
Cholsey is very much a commuter village and is famous for the local steam line which is still in operation.
BUSINESS DETAILS
Phoenix are delighted to place onto the market The Morning Star which is a superbly presented themed railway public house. It was established in 1789 and our clients have owned the business since 2005. This is a retirement sale.
The premise has an air of charm and tradition. All of the areas of the public house have themed names including the “Engine Room” and the “Pullman Room”. The whole property is filled with memorabilia.
Since our clients purchased the business they have made huge changes and fully refurbished the premises and there is now a very classy restaurant with a conservatory and in fact food has now increased to 50% of turnover.
There are darts, cribbage, dominos and a football team who are catered for by our clients.
Although the pub has a Greene King lease, it is an old Moreland lease and therefore our clients are tied for beers only.The business is run with the aide of 1 full time and 2 casual staff and as well as a traditional pub our clients also offer home made food and a take away service for locals.
Our clients would be available for a business familiarisation period if required. This public house would suit a railway enthusiast. There is potential in improving the business by using the empty function room to the rear of the premises and by more advertising.
FINANCIAL DETAILS
Turnover: £210,000 per annum (Approx)
Gross Profit: 56% per annum (Approx)
OPENING HOURS:
Mon – Sat: 12.00pm – 12.00pm
Fri: 12.00pm – 02.00am
PROPERTY DETAILS
Ground Floor
Large detached period building
Entrance to lobby and porch area with seating
Entrance to main lounge with fully equipped bar
To the left, lounge area with sofa’s, dart board and TV
Large open fireplace
Main bar area with 25 covers
Many original features
Bar has 11 pumps, refrigeration unit, sink, ice machine, glass washer
Wine Bar Area
4 Pumps
Large wine chillers
To the rear restaurant area
36 covers
Wooden flooring
Superbly presented, recently refurbished open plan leading to conservatory dining area with 18 covers
External
Smoking area
Fully secured children’s play area
Beer garden with 32 covers
Car park
To the rear
large storage room with chiller, freezer and loft area which could possibly be converted into a function room
To the front
Main arterial road
Smoking area
Private drive
Garage
TENURE: Leasehold
ORIGINAL LENGTH: 09 years.
REMAINING: 06 years.
RENT: £27,000per annum. | | | | | CONTACT: | PHOENIX BUSINESS AGENTS | | TELEPHONE: | 0844 567 5016 | | REFERENCE: | 1006 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
