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

AC204 -Hatfield, Hertfordshire- Ł 195,000-Well Located Public House with Sports Bar for sale in Hatfield, Hertfordshire, UK

Hatfield, Hertfordshire, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 195,000	Undisclosed	Undisclosed

Business Summary:
Well Located Public House with Sports Bar Ref.AC204 Location Hatfield, Hertfordshire Asking Price Ł 195,000 All Reasonable Offers Considered This well known and respected public house was established in the 1950’s and purchased by the current 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, family oriented gardens, sports bar and wide choice of beers. Because of this it has a wide ranging and loyal clientele, both young and old. The business operates on an Enterprise lease and trades with weekly sales averaging Ł10,200, 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 limited food. The garden has also recently been refurbished and has the opportunity of a garden bar and food service area. This property is in excellent order throughout having been extensively refurbished recently. In our opinion this is a popular and well liked pub that represents a real opportunity for any potential investor or new enthusiastic owner operator to make good profits from this already well established business.

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 Ł20,000 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 bathroom. To the rear is an enclosed and secure garden area with a two tier decked and patio’d area, grass garden, children’s play area, sandwich bar, shed, 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. Key Opportunities:

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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