this large single bar public house was completely renovated and reopened in 2007. With brnad new fixtures, fittings and décor, the owner used his 20 years experience in the trade to provide a unique place to be on a busy high street in a popuolous and affluent area of north west london. Alongised refurbsihing the bar area, the rear and upper floors of the building were also completely re-modelled, with new floors and extensive building work to offer 9 rooms with shared kitchen, bathroom and shower facilites which are currently let on weekly rents and fully occupied. There is also a self-contained flat, with double bedroom, lounge, kithcen and bathroom which is currently occupied by the full-time bar manager. The public house is free of brewery ties, and a member of the “gift” buying group. This allows the owners to be very price competitive with regards to the local area, and also earn maximum margins on everything sold. The prices may be attractive, but the bar brings in customers due to the friendly service, atmoshpere and the weekly events such as live music, dj and karaoke. The pub receives regualr bookings for special events, such as birthdays, christinings and engagements, and with space for 100-150 customers at capaicty, the environment is perfect for generating a great evening. There is a small kitchen on site, which currently serves bar snacks and smaller meals such as panninis and toasted sandwiches. The kitchen equipment has the capacity to provide a full food service, which the owners are currently trialing at weekends. The business has lots of on-going trade providing a stable level of turnover and profit, the owner believes that if he was on site on a daily basis, the business could easily double levels of trade. The property presents a large freehold on a busy high street, which is always going to prove popular due to the location, with the additional rooms that are sub-let there is mutliple revenue streams available to new owners. Equipment: the bar area has a large modern bar, with 16 lines for beer and soft drinks connected to the ground floor cold room. Behind the counter are numerous fridges and drinks chillers. There is a casio touch screen till, with real-time stock control. In the public area, there are two large plasma screens for showing live sport, which are integrated with the av system and karaoke machine. There is a 7 camera c.c.t.v. System, costing over £5,000 when new, viewing all areas of the premises. The bar leases a jukebox for customers enjoyment. In the kitchen there is a double fryer, 6 burner gas hob, hotplate, large stainless steel fridge, dishwasher, and further fridge freezer in a side store room. At the rear of the property is a small management office, with desktop pc, printer and ancillaries expected to run a busy public house. Customer service: the owners of this business, currently run 3 separate public houses, and have built successful operations on their key focus to customer satisfaction. This approach is instilled in all the staff, and the friendly atmosphere provided by the staff are felt as soon as one walks through the door. The attention to customer service has resulted in high levels of repeat business, both daily customers and those coming along to the weekly events. Key strengths: the location of the premises is obviously a great asset, as is the fact that the majority of the local competition are brewery pubs, with greater overheads and stock prices to consider. The modern fixtures and fittings are a class above most bars, unique and offer a great environment to relax in. The size and design of the bar area results in a welcome atmosphere when there are fewer customers during the day which can also accommodate a larger crowd making it suitable of private functions and live music. The popularity of the business now provides an excellent level of on-going trade and with the additional revenue stream provided by the sub-let accommodation, the overall operation has a stable footing, with excellent opportunities to grow. Growth and expansion opportunities: the owners of the business have completely re-furbished the property to a very high standard, and have built a steady level of business. With 2 other public houses to run though, they have not been able to give the operation their full attention. With a more hands-on focus they believe there is every opportunity to double current levels of business. With additional marketing in the local community, and a development of the food service, the business can easily draw in more customers without much impact on overheads.
