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

9079GL Community Pub REDUCED L/H £89,950 Gloucestershire for sale in Gloucestershire, UK

Gloucestershire, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 89,950 Undisclosed Undisclosed

Business Summary:
LOCATION Our client’s community public house is ideally located in the very heart of a very large affluent village in a most sought after area of the Cotswolds. The pub and the predominantly residential buildings nearby are almost exclusively constructed from very attractive Cotswold stone. The business has its own very large car park, which can accommodate approximately 40 cars free of charge on street parking, is also available all around the pub. The village is situated just off the A419, which is a feeder road for the M5 motorway. Nearby towns include Stroud (approx 4 miles), Cirencester (approx 10 miles) and Cheltenham (Approx 8 miles). THE BUSINESS Advent Business Sales are pleased to have been instructed to offer to the market this exceptionally well established community public house, which has been trading successfully since early in the 20th Century. The current vendors have been in ownership for the past 1½ years and is only now reluctantly being sold to enable them to pursue an alternative business venture. Its turnover is 100% wet and is tied on all beers, lagers and ciders both bottled and barrelled and Alco pops, but not wines & spirits. The business trades as an old style community public house and attracts custom from the surrounding affluent villages. The pub supports numerous sports teams including 3 darts teams, 2 football teams and a cricket team. They also have regular quiz, karaoke, disco and poker nights. The premises are also the base of a very popular pizzeria , which provides an annual rental income. A yearly music festival is held on August Bank holiday weekend consisting of 9 live bands on an outside stage, outside bar and BBQ. This attracts approx 500 people who pay on the gate. We are advised that stock at cost is approximately £4,500. REF: 9079GL TRADING HOURS Mon - Tues: 4.30pm – 11.00pm Wed - Thurs: 12 noon – 12 midnight Fri – Sat: 12 noon – 1.00am Sun: 12 noon– 11.00pm FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £310,000 Gross Profit: 48% 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 Ground Floor • Twin entrance into large open plan room split into 2 sections. • Public bar – also split into two. Lower section with exposed wooden floor, stone and partially wooden clad walls with seating for approximately 20. Pool table, dart board and juke box. Upper section – exposed wooden floor with good dιcor, partially wooden panelled and exposed stone walls, large open stone fireplace. Seating for approximately 25 customers. Bar servery with wood panelling on front and on canopy • Ladies and gents w/c • Lounge bar – excellent dιcor, exposed wooden floor, exposed stone and wooden panelled walls, large stone fireplace. The bar interlinks with public bar. Seats approximately 40 people with room for many more standing. Wooden panel fronted bar servery and canopy over • Ladies and gents w/c • Overhead projector with screen & 3 T.V’s. • Behind bar servery to store areas with freezer store and cellar with lockable spirits store. • Dry store First Floor • Kitchen with mix of domestic and commercial catering equipment • Catering kitchen with non slip flooring, tiled walls and selection of commercial catering equipment. Steps to takeaway with front reception area and seats 25 • Private accommodation consisting of bathroom, lounge with beamed ceiling, office/bedroom, double sized loft bedroom External • Large patio at from with 6 ‘A’ frame picnic tables and 2 ‘A’ frame tables seating 40 • Lawn with walled garden • To side large car park for approx 75 vehicles • Small delivery area • Sheltered heated smoking area.

 

   
Number of Employees: The owners run the pub fu  
   
Facilities / Terms of Lease: TENURE: Leasehold Original lease: 10 years Remaining lease: 8 years Review every: RPI based Rent: £39,000 We are advised that the annual business rates are currently: £7,900  
   
Potential Growth/Expansion: This is an excellent public house, which achieves excellent profits achieved consistently. The major area to expand the business would be to offer food sales. The very large lounge could easily be adapted to turn it into a restaurant, alternatively, remove the Indian takeaway and turn it into a restaurant upstairs.  
   
Seller Reference Number: 9079GL
BusinessMart.com Listing Number: 53737
 

 

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For more info contact:

Niti Jashvir

Advent Business Sales
0844 8009092

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