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

9147NG Pub L/H £149,950 for sale in NOTTINGHAMSHIRE,UK, UK

NOTTINGHAMSHIRE,UK, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 149,950	Undisclosed	Undisclosed

Business Summary:
LOCATION Our client’s public house is conveniently located in the centre of the thriving, multi racial vibrant city of Nottingham. It is close to the Theatre Royal, practically opposite the Victoria Centre shopping mall and is sited on one of the busiest streets in the city. Nottingham is one of the three most important cities in the East Midlands. It has major rail links to the capital; it is close to the M1 motorway and shares an ever growing airport with its two neighbouring cities. THE BUSINESS: Advent Business Sales are pleased to offer to the market this extremely well established public house, which has been trading successfully for the past 300/400 years. The current vendor has been in ownership for the last 9 years and is reluctantly selling due to ill health. The pub is almost a 99% wet sales pub, although it is equipped with a full commercial kitchen. It has the quality cask master mark and offers at least two real ales at a time. During the day the majority of its customers are local but in the evening it becomes part of the local night life, offering soul music/1960’s disco on Wednesday, Friday, Saturday and Sunday. The pub has an active number of darts players and also offers games machines, although there is no garden with the pub, the business offers a first floor patio for those who smoke. The site of the pub is a prime location and according to ‘Punch Taverns’ is the most productive per square foot on beer sales. At present the wages bill is in excess of £20,000 excess, due to the owners ill health .It is recognised that a husband and wife team living at the pub would bring this figure down to a level more commensurate with the business. It is also felt that the food offer needs to be re examined as prior to the owner’s ill health a greater quantity was being sold. We are advised that stock at cost is approximately £6,000. The premises have a 12 camera CCTV system and have security alarms. This business would ideally suit a young go getting husband and wife team with some experience in the trade. REF: 9147NG TRADING HOURS: Mon – Tues& Thurs: 10am – 11pm Wed, Fri – Sat: 10am – 1am Sun: 12 noon – 1am FINANCIAL INFORMATION: We have been advised by the vendor of the following: Annual sales: £436,886 Gross Profit: 55.75% 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: Single fronted semi detached building of three floors with front door to right hand side and comprising of: Ground Floor • Door leads into long single room split into different levels, bar on right hand side and a dumb waiter from upstairs kitchen • Darts area • Stairway to first floor First Floor • W/c’s • Outside patio area, partially covered with a light/heater for smokers • Commercial kitchen • Doorway opposite kitchen leads to stairway to second floor Second Floor • Accommodation which briefly consists of lounge with kitchenette, bathroom and w/c Third Floor • Two Double Bedrooms • Attic Space with plumbing External • Side entrance to right hand of building • Paved to roadway at front Kitchen Equipment includes • 5 microwave cookers • Falcon grill • Double deep fat fryer • 5 burner cooker and ovens • Freezers and fridges • Handwash • Single sink and drainer (veg prep) • Single sink and drainer and wash off • Stainless steel work units • Dishwasher • 4 slice toaster • Extraction

Number of Employees: Two full time employees (

Facilities / Terms of Lease: TENURE: Leasehold Original lease: 16 years Remaining lease: 7 years Review every: 3 years Rent: £62,790 P.A. We are advised that the annual business rates are currently: £11,900

Seller Reference Number: 9147NG
BusinessMart.com Listing Number: 56944

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