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

AC204 -Hatfield, Hertfordshire-Ł175,000-Well Located Public House with Lots to Offer for sale in Hatfield, Hertfordshire, UK

Hatfield, Hertfordshire, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 175,000	Undisclosed	Undisclosed

Business Summary:
Well Located Public House with Lots to Offer Confidentially offered for sale Ref No: AC204 Location: Hatfield, Hertfordshire Enterprise Inns Lease Asking price: Ł175,000 This well known and respected public house was established in the 1950’s and purchased by the current owner in December 2006. Since then he has substantially refurbished the premises at a cost of approximately Ł80,000. The pub is well known locally and has a reputation for its friendly service. There is a large and secure family oriented garden with a large children’s play area. There is decking area with seating and the garden has been well maintained. The pub shows all sporting events and there is wide choice of beers on offer. Because of this the pub is very popular with a wide range of loyal clientele, both young and old. The business operates on an Enterprise Inns lease with weekly sales averaging Ł8,200, this being a 90/10 split on wet and dry. In our opinion there is a huge opportunity to develop the food business further as the owners have only recently started offering a limited food service. The kitchen is fully equipped with commercial catering equipment which was installed just over 1 year ago and has been kept to an impeccable standard, receiving top scores from environmental health.

Year Business was Established: 1950

Facilities / Terms of Lease: Operating on a renewable 10 year Enterprise lease which expires in 2012, the rental paid is just Ł30,000 per annum. This comprises of a large bar area, commercial kitchen, office and domestic kitchen on the ground floor, with a basement cellar including beer drop, dry store and garden bar. On the first floor is the living accommodation of large living room, 3 double bedrooms and a newly fitted bathroom. To the rear is an enclosed and secure garden area with a two tiered decking and patio area with a barbeque, well maintained grass garden, children’s play area with a large commercial climbing frame, sandwich/seafood bar (subject to planning), 2 large storage sheds, a large commercial bouncy castle, marquee and smoking area, with external stairs leading to the main bar area. The whole of the premises has been fully refurbished over the last two years to a high standard at a cost of approximately Ł80,000.

Potential Growth/Expansion: This business offers an excellent opportunity for the successful buyer who is seeking a well-established business with the capacity to increase turnover, possibly expanding further into dry sales, functions and developing the outside summer trade. There is a large and well decorated living quarters with the benefit of a private kitchen. There is also a large walk in loft which, subject to planning could be turned into further rooms/bedrooms. With local businesses and the university in close proximity the pub could also offer bed and breakfast.

Competition: Much of the business\'s revenue is a result of word of mouth recommendation and location, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently no advertising the owner is aware that a more active sales and marketing campaign, including producing a website, would certainly improve sales and profitability and will increase its market exposure and revenues.

Owner willing to train: The owner will provide a handover period and is happy to provide ongoing support thereafter.

Reason for selling: The owner has decided to sell the business due to his family commitments, with young children and his other business taking up increasing amounts of his time.

Seller Reference Number: AC204
BusinessMart.com Listing Number: 63326

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