Business Summary:
LOCATION
The public house/restaurant is conveniently located in a large village on the banks of the Oxford canal in North Warwickshire. It is situated on the main road and is highly visible to all.
The village itself is close to two major industrialised towns of note, which is a major aid to promoting the nine en-suite bedrooms. Both towns have major rail links to the capital and can be accessed via both the M1 and M6 motorways.
The area is also served by two airports, one major and one minor. Needless to say that much trade is derived by the canal upon which the pub stands.
THE BUSINESS:
Advent Business Sales are pleased to offer to the market this extremely well established public house/restaurant who’s history does back to the mid 1800’s, trading success is without doubt.
The current vendor has been in ownership for one year, during which time much refurbishment has taken place.
The owner is reluctantly selling due to the fact of owning a second pub and family reasons, which are now pressing.
The pub is both an excellent local with Northampton skittle team, pool team, two darts teams with associated football team and golf society and also a very handsome 62 cover restaurant, part of which is housed in a beautiful conservatory (we have been informed by the vendor that this can be extended to 75 covers if needed).
Beer consumption is 300 barrels per annum and wet to dry sales split is approximately 70/30%.
They hold a very successful ‘old folk’ sing a long on Sunday evenings with live piano and Wednesday night is curry night.
Quite often they set the dining room out to celebrate christenings, weddings and funerals, the church only being over the road.
Spring, Summer and Autumn brings in many customers from the canal and it has been known for barges to have been tied up 2 abreast to get to the pub.
There is a delightful patio to the rear, terracing down to the pub garden, which has a large ‘childrens play area’ fitted out with swings etc.
The pub also has 9 bedrooms to rent, which can be on a B & B basis, all en-suite (3 singles, 2 doubles and 4 twin) on a 5 day week 70% occupancy they realise over £58,000 per annum.
Although tied to Punch, they have a so called ‘grandfather’ lease which ties them only for beers.
The pub has a website, it is also on Yell.com and advertises both in the local railway station and leisure centre.
The pub also holds a ‘gold award’ for hygiene
REF: 9130CV
STAFF DETAILS
Summertime:
2 x full time, 8 x part time (as required)
Winter:
Weekday: 2 x full time, 4 x part time (as required)
Weekends: 2 x full time, 7 x part time
Three members are at present doing NVQ’s at level 2.
TRADING HOURS:
Mon-Sat: 11am – 11pm
Sun: 12 – 11pm
FINANCIAL INFORMATION:
We have been advised by the vendor of the following:
Annual sales: TBC
Gross Profit:
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:
The pub is a large 2 storey building with some areas extended to 3 stories and briefly comprising:
Ground Floor
• Front door roughly central to the building and leads into a lobby
• To the right is the public bar with 2 rooms off – one is the rear pool room leading to ladies and gents w/c’s. The second is the skittle and darts room with tv
• Lounge bar which continues through to dining room
• Off the dining room is a stair way to private flat and guest bedrooms
• Further doorway leads to cellar and kitchen, also laundry room
• The kitchen is both light, well laid out and equipped with the following: dishwasher, scrub off sink, single sink, heated pass, 3 burner griddle, Lincat 2 and 1 basket fryers, 6 burner falcon cooker with oven, Lincat salamander, over extractor, 6 pot dry bain marie, 5 microwaves, ice cream conservator, small freezer, 2 upright fridges
• Behind the kitchen is a storeroom with a walk in fridge, one upright freezer and a chest freezer as well as shelving
• Passage way to cellar is a second ladies and gents w/c
• Within the cellar is a new coca cola machine, steel lock up for spirits and plentiful shelving
• Second room with ice machine and Crypto potato peeler and storage
First Floor
• Contains the private flat, which is a large lounge, office, spare room and kitchen
Second Floor
• Private flat containing a box room, large double bedroom, single bedroom and bathroom including separate shower
• Also on this floor but from separate staircases are the 9 rooms to let with en-suite
External
• The pub has a large car park which links up to the canal and extends from front to back
It is worth noting that the bar area has been refurbished with a new T bar, lager and pressured beer servers, new pythons, new lights/fans and linked electronic tills to master computer.
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