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

8983OX OXFORDSHIRE LEASEHOLD: £215,000 PUBLIC HOUSE for sale in OXFORDSHIRE, UK

OXFORDSHIRE, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
Undisclosed Undisclosed Undisclosed

Business Summary:
Advent Business Sales are delighted to have been instructed to offer to the market this Grade II listed public house, which is free of tie and enjoys an unopposed village location. The pub, which dates back to 1577, has been in the careful ownership of our client for 16 years and is only now being reluctantly offered for sale as he plans to retire. The business has a 34 cover restaurant, which offers a traditional style extensive menu, which is very realistically priced. Sales overall have a 60/40 split wet/dry with annual sales of approximately £285,000 and a gross profit of circa £125,000. The business also has 3 letting rooms, which are currently charged out for £30 per person for any night of the week. The pub has 3 darts teams, 1 crib team and an Aunt Sally team. In addition, the lions and army vehicle association meet once a month and the folk club meets every Wednesday night. As the pub has such a huge garden, they have a bouncy castle on permanent hire during the summer to attract the children. Once a year also a folk festival is held, which brings customers from all around the country. The pub employs 5 part time staff, who each work approximately 20 hours per week, one full time staff member and our client and his wife also work full time. We are advised that stock at cost is approximately £3,000. REF: 8983OX TRADING HOURS Mon-Sat: 11am – 11pm Sun: 12 - 10.30pm EXPANSION POTENTIAL Our clients have an excellent and successful business, which we believe would benefit by changing the emphasis of the restaurant to have a more upmarket theme to suit the nature of the majority of people within the village. Greater use of the huge garden could be achieved by putting in more benches and organising more outdoor functions. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £285,000 Gross Profit: £125,000 Net Profit: £64,000 PA 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 Arranged over 3 floors the premises briefly comprise of the following: Ground Floor • Public bar, family room are all accessed from the front of the pub, all other rooms are predominately entered from the rear • Public bar with quarry tiled floor, working open fireplace an centre bar servery • TV, family room with darts throw area, 20 covers with loose tables and chairs, open fireplace and wood panelled walls • Lounge bar with central bar, 20 covers, working wood burner • Dining room/restaurant with approximately 34 covers • Ladies and gents w/c • The restaurant is fully equipped kitchen with: 4 industrial microwaves, twin fryer floor standing gas fryer, 6 ring burner with oven under, stainless 3 door fridge, 2 upright fridge and 5 freezers, a chest freezers, small fridges, tumble dryer, washing machine and a sit on mower is kept in the outside storeroom. • The beer cellar is at ground level Upper Floors • 3 letting room, which all have tea/coffee making facilities, vanity sink and television. There is a communal bathroom and separate w/c • The owners accommodation is on the first and second floors and comprises of: 2 lounges, 3 bedrooms (all doubles) an office and a bathroom External • Pebbled car park for approximately 30 cars • Caravan park for 5 vehicles A licence to apply for. • Numerous outbuildings for storage or parking • Enclosed child play area with garden benches, slide, climbing frame and swings • Extensive gardens leading down to the River Thames with mooring TENURE: Leasehold Original lease: 40 years Remaining lease: 20 years Review every: 5 years Rent: £30,000 P.A. We are advised that the annual business rates are currently: £6,000 VIEWING Please DO NOT approach the business or its employees without a prior appointment. All appointments are to be made via our office.

 

   
Year Business was Established: 1992
   
Number of Employees: 05PT  
   
Facilities / Terms of Lease: Arranged over 3 floors the premises briefly comprise of the following: Ground Floor • Public bar, family room are all accessed from the front of the pub, all other rooms are predominately entered from the rear • Public bar with quarry tiled floor, working open fireplace an centre bar servery • TV, family room with darts throw area, 20 covers with loose tables and chairs, open fireplace and wood panelled walls • Lounge bar with central bar, 20 covers, working wood burner • Dining room/restaurant with approximately 34 covers • Ladies and gents w/c • The restaurant is fully equipped kitchen with: 4 industrial microwaves, twin fryer floor standing gas fryer, 6 ring burner with oven under, stainless 3 door fridge, 2 upright fridge and 5 freezers, a chest freezers, small fridges, tumble dryer, washing machine and a sit on mower is kept in the outside storeroom. • The beer cellar is at ground level Upper Floors • 3 letting room, which all have tea/coffee making facilities, vanity sink and television. There is a communal bathroom and separate w/c • The owners accommodation is on the first and second floors and comprises of: 2 lounges, 3 bedrooms (all doubles) an office and a bathroom External • Pebbled car park for approximately 30 cars • Caravan park for 5 vehicles A licence to apply for. • Numerous outbuildings for storage or parking • Enclosed child play area with garden benches, slide, climbing frame and swings • Extensive gardens leading down to the River Thames with mooring TENURETENURE: Leasehold Original lease: 40 years Remaining lease: 20 years Review every: 5 years Rent: £30,000 P.A. We are advised that the annual business rates are currently: £6,000  
   
Potential Growth/Expansion: Our clients have an excellent and successful business, which we believe would benefit by changing the emphasis of the restaurant to have a more upmarket theme to suit the nature of the majority of people within the village. Greater use of the huge garden could be achieved by putting in more benches and organising more outdoor functions.  
   
Reason for selling: now being reluctantly offered for sale as he plans to retire.  
   
Seller Reference Number: 8983OX
BusinessMart.com Listing Number: 48832
 

 

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For more info contact:

Niti Jashvir

Advent Business Sales
0844 8009092

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