Business Summary:
LOCATION
Our clients business is conveniently located in a small historic market town in South East Warwickshire. It is centrally situated on the main road through the town and stands on a commanding corner site, leading into the central shopping area.
The town is close to the Cotswolds and Stratford on Avon and often provides accommodation for people going to watch both motor and horse racing, as well as exploring the wonderful historic locations within easy reach by car.
THE BUSINESS:
Advent Business Sales are pleased to offer to the market this extremely well established public house and bed and breakfast, which was originally a coaching house as well as the customs and excise house and post office and has been trading successfully since the mid 1700s.
The current vendor has been in ownership for the last 5½ years and is reluctantly selling due to family health reasons.
The pub offers wet sales and five bedroom B & B with en-suite facilities. There is a commercial kitchen, which is franchised to a Chinese company which offers take away and in pub Chinese food. A small proportion of the cooking equipment belongs to the Chinese company, although the pub supplies breakfasts for their guests and food for pub games teams out of this facility.
This is an extremely well loved and attended pub which has in recent years become a family pub, putting on many events and pub games such as:
Two darts teams
Dominoes team
Sunday poker night
Karaoke
Occasional live bands
Quiz night
Two large TVs with Sky reception
We have been informed that the five double bedrooms have an approximate 70% occupancy and are filled by repeat customers via two websites both booking.com and late rooms.
The pub has a welcoming real coal fire, is very well equipped and decorated and has allowed much of the
Timber framing and beams to be exposed. All the flooring in the bar area has been recently replaced with antique French oak and has matured well into the general ambience.
We are advised that stock at cost is approximately £6,000.
This is a fantastic business with massive scope and potential.
The owner wishes to achieve a quick sale.
REF: 9137CV
STAFF DETAILS
1 full time and 4 part time employees as well as the owner staff the business. It is noted that a full time employee is trusted enough to look after the pub on a stay on premises basis, to cover for annual holidays and the occasional weekend away by the licensee.
TRADING HOURS:
Mon-Sun: 11.00am 11.00pm
FINANCIAL INFORMATION:
We have been advised by the vendor of the following:
Annual sales: £280,147
Gross Profit: 52.86%
Rent from kitchen: £10,000 per annum
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:
There is both a front and side door to this three storey Georgian corner building and briefly consists:
Ground Floor
Front door leads into a U shaped open bar area split into 3 areas these have 2 televisions with sky reception, darts area and family area with comfortable seating all round
The bar is supplied with all the sales equipment required
Behind the bar is a hallway leading to ladies and gents w/c's, cellar which is split into a storage area, spirit store, used barrel/bottle store and a beer cellar with automatic tilting cradles for the real ale
Kitchen which contains: Falcon 6 burner cooker with oven, Falcon grill, 2 pan deep fat fryer with over extraction, 2 large fridges, 2 large freezers, hand wash, wash up sink, microwave and various stainless steel work stations
Belonging to the Chinese franchisee: 6 wok cooker, rice steamer, ordering computer
Off the passage is a small side office/store room
First Floor
Laundry cupboard
5 double bedrooms all en-suite. 3 with shower, 2 with baths. All with trouser press, hair dryers and TVs
Second Floor
Leads to the private quarters which consist of a double bedroom with en-suite, 2 double bedrooms, large lounge, kitchen and bathroom
Office/store room
External
Paved to roadway on two sides
5 space car park on the third side
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