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Businesses For Sale > Business For Sale in HERTFORDSHIRE, UNITED KINGDOM - UK (UK)

8853 SG-HERTFORDSHIRE-L\H£99950-PUBLIC HOUSE for sale in HERTFORDSHIRE, UK

HERTFORDSHIRE, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
Undisclosed Undisclosed Undisclosed

Business Summary:
Advent Business Sales is pleased to have been instructed to offer to the open market this long standing and very popular public house. Established over 45 years ago, the pub has been in the hands of the current vendor for over 6 years and is only now being reluctantly offered for sale due to her retirement plans. Currently staffed by the vendor plus 1 full time and 2 part time employees,, the public house currently operates a 100% wet sales trade, although there is a commercial kitchen on the ground floor. On football match days more staff are required to cope with the very large number of customers. The pub, which is only tied on bottled and keg beers, has been voted local Camra pub of the year for 3 years in a row, which is an excellent testament to the quality of the real ales offered. Although the pub does not have a dry trade, its kitchen is quite easily capable of achieving a good offering. It has 3 microwaves, a 4 ring electric cooker with oven under, tall fridge, tall freezer, 6 ring gas cooker with oven under and extractor over, small upright freezer, 2 fryers and a range of stainless work units. Four darts teams support the pub and it also has a pool table. Net income from the juke box, pool table and bandits was £18,004 in the last financial year. We are advised that stock at cost is approximately £6,500. This attractive and well decorated premise also benefits from good sized family living accommodation including 2 double bedrooms, kitchen/office, large lounge, bathroom with shower over, separate w/c. REF: 8853SG

 

   
Year Business was Established: 2002
   
Facilities / Terms of Lease: First Floor • Separate side entrance to first floor private accommodation • 2 double bedrooms • Large lounge • Kitchen/office • Bathroom with shower over • Separate w/c Leasehold Original lease: 20 years Remaining lease: 11 years Review every: 3 years Rent: £38,000 We are advised that the annual business rates are currently: £8450  
   
Potential Growth/Expansion: Whilst already a successful business, this public house offers excellent potential for growth including: 1. Offering food sales and bbq’s, especially on football days/nights 2. Allowing children into the pub in the evenings, as non are allowed at present 3. A working couple who took over the pub would save considerably on wage costs  
   
Reason for selling: Established over 45 years ago, the pub has been in the hands of the current vendor for over 6 years and is only now being reluctantly offered for sale due to her retirement plans.  
   
Seller Reference Number: 8853 SG
BusinessMart.com Listing Number: 44772
 

 

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For more info contact:

Niti Jashvir

Advent Business Sales
0844 8009092

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