|
8815GL FREEHOLD PUBLIC HOUSE £525,000 GLOUCESTERSHIRE
For Sale
|
|
|
Description : |
THE BUSINESS
Advent Business Sales is delighted to have
been instructed to offer to the market this
extremely well established freehold public
house.
The pub was established approximately 100
years ago and has been in the hands of the
current vendor for 13 years. Part of the
building however, dates back to 1620; the
premises are not listed but are within a
conservation area.
The business is only now being reluctantly
offered for sale as the vendor wishes to
retire.
Trade is almost exclusively wet with a
strong tradition of offering a good selection
of real ales.
The pub sponsors the local rugby club and is
also the home base for a pool team and darts
team.
Our client, who only works in the pub part
time, employs full time his son and two part
timers who work 27 hours per week in total.
Although the business does not offer food
sales, it does have a kitchen comprising of:
• 4 ring gas cooker with oven under
• Fridge
• Twin fryer
• Microwave
• Washing machine and tumble dryer
• Sink
• Extractor unit
Gross turnover for the year to March 2008
was approximately £215,000 with an
excellent gross profit of 63%; this coupled
with the low overhead spend will ensure a
consistently high net profit.
Stock at cost is approximately £3,000.
TRADING HOURS
Mon – Thurs: 12 – 3pm
5pm – 11.30pm
Fri – Sat: 12 – 2am -
5pm – 1pm
Sun: 12 – 3am -
5pm – 11.30pm
EXPANSION POTENTIAL
Our client is content with the excellent
profits earned but is aware that these could
be increased considerably by:
1. Offering food sales – because of his
main road location and good car
parking, a lot of passing traffic calls
in and enquires but leave
disappointed. Many local customers
have intimated that they wished he
had at least bar snacks available.
2. The property next door is currently on
the market, this could quite easily be
turned into a very nice annexed
restaurant.
This is quite clearly an exceptional
opportunity which can only be fully
appreciated when viewed.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £177,276
Gross Profit: £111,095
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
A very attractive Cotswold stone built
property within a conservation area.
Ground Floor
The public area and private accommodation
have been maintained to an extremely high
standard with no expense spared, which
would be very evident when viewed.
Twin access points, detached garage with
roof structure, own car park with
approximately 10 spaces, 3 bedroom private
accommodation.
Entry from pavement into lounge area with
a range of comfortable chairs and tables,
plasma tv, through to bar area with very
attractive efficient wood burning stove,
bandit, ladies & gents w/c.
Central bar which serves both public area.
Rear pool area with darts throw, cigarette
machine, quiz machine, tv and with wall
seating all around.
Kitchen off one side and ground floor cellar
off another.
First Floor
Stairs off the lounge to private
accommodation comprising of:
Lounge/kitchen
Bathroom
Master bedroom with ensuite
2 further double bedrooms.
The property is fully insulated to the latest
standard and is double glazed throughout.
TENURE: Freehold
We are advised that the annual business
rates are currently: £9000
. |
| |
|
|
Trading Hours : |
TRADING HOURS
Mon – Thurs: 12 – 3pm
5pm – 11.30pm
Fri – Sat: 12 – 2am -
5pm – 1pm
Sun: 12 – 3am -
5pm – 11.30pm |
| |
|
|
Staffing : |
2PT |
| |
|
|
Accommodation : |
3 bedroom private |
| |
|
|
Tenure : |
Freehold
We are advised that the annual business
rates are currently: £9000 |
Request more information on this business for sale:
|
New To Business
Sales Online? |
|
|
|
|
|
|
Other Searches:
Public Houses For Sale
> Other Leisure pubs and hotels For Sale
> Gloucestershire
> Public Houses For Sale in Gloucestershire
> Other Leisure pubs and hotels For Sale in Gloucestershire
|
