Village Pub in Royston Hertfordshire for Sale with 10-Year Lease and Thriving Business
Royston, Hertfordshire
- Status
FOR SALE
- Date Submitted:
30/03/23
- Advert ID
510932
- Leasehold: £60,000 (Stock at valuation)
- Rent: £17,500
- Turnover: £150,000 (£2,885 Per week)
- Net Profit: On request
Key Features
- Accounts Available
- Established Business
- Offers Invited
- Prime Location
- Unique Business
- With Car Park
- Free of Tie Leasehold
- Trade Gardens Available
- Attractive Business
- New Lease
- Split Level Trading Area
- Central Position in Affluent Village
- Fully Fitted
Business Details
Village Pub for sale
Free of tie lease from private landlord for sale.
9 years and 5 months out of a 10 years lease.
Well fitted turnkey operation.
Competitive passing rent c £17,500 Pax per annum.
Dedicated parking - 25 cars plus additional overflow unrestricted street parking at the rear of the property.
Cca £150.000 - £350.000 turnover per year.
40-50 internal covers.
Cca 150-200 outdoor seats.
Affluent and desirable Hertfordshire village.
Generous domestic accommodation comprising 3 double bedrooms, lounge and bathroom - all fully furnished.
Rateable value - £2000 (2023-2024) - nothing to pay.
All fittings included in the sale.
Ground floor spacious cellar.
Private back garden with storage garden sheds.
Well equipped commercial kitchen.
Further land is available as way of licence (currently used as a petanque pitch - available at a peppercorn rent).
Band A council tax ( £1457 per annum).
Band D energy certificate.
3 miles south east of Royston and 12 miles from Cambridge.
Trade split equally between wet and dry sales.
Thriving business supported by the village residents, surrounding villages, local community groups, sports teams.
Offers are invited in the region of £60.000 for the benefit of the remaining lease (almost 10 years), comprehensive trade inventory, IP and goodwill. Stock will be payable in addition, at valuation.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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