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

9152GL Grade II Community Pub L/H £110,000 for sale in Gloucestershire, UK

Gloucestershire, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 110,000 Undisclosed Undisclosed

Business Summary:
LOCATION Our clients Grade Two listed community public house is ideally located on the edge of a large affluent village in a most sought after area of the Cotswolds and has outstanding views over the valley below. The pub and the predominately residential properties nearby are almost exclusively constructed from the very attractive Cotswold stone. The business has its own large car park, which can accommodate approx 20 cars, on street free of charge parking is also available around the pub. The village is situated just off the A46, which leads via the A419 to the M5 motorway at junction 13. Nearby towns include Stroud and Cirencester. THE BUSINESS: Advent Business Sales are pleased to offer to the market this exceptionally well established community public house, which has been trading successfully for over 250 years. The current vendors have been in ownership for over 16 years and are only now reluctantly offering it for sale for family reasons. Its turnover is split 70/30% wet/dry and is tied on all beers, lagers and ciders only. The pub trades as an old style community public house and attracts very regular custom from the village with additional excellent trade in the summer from tourists who flock to see the fantastic views over the village. The pub has 2 pool teams, one darts team and has one team entered in the local quiz league. They also hold regular karaoke/disco events and even has a purpose built elevated, fully serviced outside stage. The pub has a fit for purpose commercial kitchen which includes: • 8 ring gas burner with double oven under • 2 industrial and 1 domestic microwave • A double and a single fryer • 24” griddle • 3 under counter fridges • 3 upright and 3 chest freezers The business employs 3 part timers who all work approx 20 hours per week as well as the 2 vendors full time. We are advised that stock at cost is approx £1500. REF: 9152GL TRADING HOURS: Mon-Fri: 6pm - late Sat – Sun: 12 noon - late FINANCIAL INFORMATION: We have been advised by the vendor of the following: Annual sales: £190,159 Gross Profit: £96,015 Net profit: £47,208 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: An attractive Grade Two listed building, dating back over 250 years, constructed of Cotswold stone and with outstanding views down the valley and briefly consisting of: Ground Floor • Entry from covered side door into the bar area with seating for approx 40 • Bar to the rear with back kitchen area, stores, chiller and ice cream fridge • Door to cellar • Darts throw area, bandit and large wall hung plasma tv • Down to pool table area, main kitchen with side prep area and side exit door First Floor • Private accommodation with lounge, 2 double bedrooms, large bathroom with shower over and very large attic bedroom, which could be converted into 2 bedrooms External • Large car park with approx 20 spaces • Covered smokers area with BBQ and seating for approx 10 • Patio area with 6 benches and seating for circa 20 • Children’s play area with slide, swings and climbing frame • Side garden with 5 benches • Large covered area with football games table and 5 benches • Elevated purpose built fully serviced stage for outside events • Large shed for storage • Male and female w/c’s

 

   
Facilities / Terms of Lease: TENURE: Leasehold Original lease: 10 years Remaining lease: 7 years Review every: RPI linked Rent: £13,500 P.A. We are advised that the annual business rates are currently: £2,500  
   
Potential Growth/Expansion: This is an excellent public house which achieves excellent profits on a consistent basis. It does, however, still offer huge potential to increase both sales and profits by: 1. Having themed food evening – curry/steak nights 2. applying to have a brown tourist sign erected, telling about the pub and its fantastic views 3. advertising – they do none at all at the moment 4. having poker nights 5. putting on more music evening – the current events are always well attended  
   
Seller Reference Number: 9152GL
BusinessMart.com Listing Number: 58409
 

 

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For more info contact:

Niti Jashvir

Advent Business Sales
0844 8009092

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