Business Summary:
Advent Business Sales is pleased to have
been instructed to offer to the market this
extremely well established public house with
excellent future potential.
Founded over 30 years ago and in the proud
ownership of the current owner for over 9
years, this large pub is only now being
reluctantly offered for sale due to his ill
health.
The pub has a healthy wet trade of
approximately £6,000 per week and as a
good commercial kitchen, which is currently
let out as a Chinese restaurant with an
income of £270 per week.
Stock at cost, we are advised is
approximately £3,000.
The pub has 3 separate trading areas:
• The lounge, which is licensed for
100
• The bar which can take 50
• The games/function room which can
hold 40.
The lounge has 2 raised seating areas, one of
which is used predominantly by the
restaurant. It also has an allocated space
from which live music or karaoke’s can be
played. Entry to the lounge is from the beer
garden or from the car park.
The bar has 2 entrances both from the car
park. A games machine, jukebox, pool table,
bandit and cigarette machine, it has also
been recently redecorated.
Leading from the bar is the games/function
room with a football table, TV and darts
throw area.
The pub has a covered outside decked
smokers area.
Externally there is an extremely attractive
and large fully enclosed beer garden with a
children’s slide and garden benches and a
separate seating area with tables and chairs,
so the parents are able to see that the
children are safe.
|
|
|
| Facilities / Terms of Lease:
Large prominent premises which is fully
double-glazed throughout and benefits from
being alarmed and having CCTV with 8
independent cameras. It briefly consists of:
• Lounge with long bar with plasma
TV behind the bar.
• Separate exits to the garden and to
the kitchen.
• Karaoke area.
• Cellar
• Long bar with pool table, jukebox,
bandit, games and cigarette
machines,
• Ladies and gents w/c’s.
• Games/function room with football
table, TV, darts throw area.
• Side exit to decked and covered
smoker’s area.
.
LIVINLIVING ACCOMMODATION
• 3 double bedrooms
• Lounge
• Kitchen
• Bathroom with shower
• Separate w/c.
OUTSIDE
Large beer garden with children’s slide and
benches
TENURE: Leasehold
Original lease: 15 years
Remaining lease: 13 years
Review every: 5 years
Rent: £25,300 P.A.
We are advised that the annual business
rates are currently: £9720 |
|
| Potential
Growth/Expansion:
Due to the vendor’s ill health, he has been
unable to optimise fully the very large
premises but is aware that a new purchaser
with the right drive and ambition would
reap the rewards in the future.
The beer garden would benefit hugely with
swings, climbing frames and a bouncy castle
and many more benches,
The games/function room could be turned
into children’s area.
Both these changes would attract families
into the pub from the many residential
properties, which surround the pub.
If the new purchaser were a husband and
wife team, they would be able to
substantially reduce the staff numbers and
hence the wages cut. |
|
