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

8940S L/H: £65,000 FREE OF TIE PUBLIC HOUSE for sale in NOTTINGHAMSHIRE, UK

NOTTINGHAMSHIRE, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 65,000 Undisclosed Undisclosed

Business Summary:
Advent Business Sales are pleased to offer to the market this extremely well established public house, which has been a place of entertainment and social activity since the turn of the 20th Century. The current vendor has been in ownership for the last 4½ years. The owner is reluctantly selling due to the ownership of a second freehold public house, which is their home. The venue has achieved an enviable local reputation for being a night spot over the weekend, with music as well as pool, darts and dominoes.

 

   
Year Business was Established: 2003
   
Number of Employees: 01FT/01PT  
   
Facilities / Terms of Lease: The property is a two storey detached building in a residential cu-de-sac and briefly comprises of: Ground Floor • Door and lobby area with doorway to stairs to first floor • Main entrance • Games area with pool on a raised floor • Fire exit and general darts and dominoes room • Bar extends across the building to the dance/DJ area • To right of lobby is a seating area • At end of bar is the dance floor and DJ area with lighting and full electronic music centre • Behind bar is a small kitchenette • To the rear are the ladies and gents toilets First Floor • 2 double bedrooms – one with ensuite bathroom • 1 single bedroom • kitchenette • large lounge • office • additional w/c’s External • Side entrance • Owner car parking • Paved to road The following have recently been replaced: • Boiler for heating • Cellar cooler • TV • Tills • New pool table • Lighting • Electronic music centre • Big screen projector TV TENURETENURE: Leasehold Original lease: 10 years (roll on) Remaining lease: 5.5 years Review every: 2 years Rent: £1030 per month We are advised that the annual business rates are currently: £3,250  
   
Potential Growth/Expansion: 1. Additional hours 2. Make even more of Saturday private functions 3. Make more of pub’s sporting teams  
   
Reason for selling: The owner is reluctantly selling due to the ownership of a second freehold public house, which is their home.  
   
Seller Reference Number: 8940S
BusinessMart.com Listing Number: 47495
 

 

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For more info contact:

Niti Jashvir

Advent Business Sales
0844 8009092

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