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Business for sale in United Kingdom - 8853 sg hertfordshire leasehold: £110,000 public house

Asking Price: 110,000 £ Real Estate: Lease
Sales Revenue: 253,794 £
Net Profit: 0 £
Year Established: 2002
Employees: 1FT, 2PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/London Borough of Hillingdon/London Borough of Hillingdon
United Kingdom/London Borough of Hillingdon/London Borough of Hillingdon

Business types:

Accommodation & Food services

Business categories:

Bars & Taverns

Business description

Advent Business Sales is pleased to have been instructed to offer to the open market this long standing and very popular public house. Established over 45 years ago, the pub has been in the hands of the current vendor for over 6 years and is only now being reluctantly offered for sale due to her retirement plans. Currently staffed by the vendor plus 1 full time and 2 part time employees,, the public house currently operates a 100% wet sales trade, although there is a commercial kitchen on the ground floor. On football match days more staff are required to cope with the very large number of customers. The pub, which is only tied on bottled and keg beers, has been voted local Camra pub of the year for 3 years in a row, which is an excellent testament to the quality of the real ales offered. Although the pub does not have a dry trade, its kitchen is quite easily capable of achieving a good offering. It has 3 microwaves, a 4 ring electric cooker with oven under, tall fridge, tall freezer, 6 ring gas cooker with oven under and extractor over, small upright freezer, 2 fryers and a range of stainless work units. Four darts teams support the pub and it also has a pool table. Net income from the juke box, pool table and bandits was £18,004 in the last financial year. We are advised that stock at cost is approximately £6,500. This attractive and well decorated premise also benefits from good sized family living accommodation including 2 double bedrooms, kitchen/office, large lounge, bathroom with shower over, separate w/c. REF: 8853SG TRADING HOURS Mon – Sat: 12noon – 11.30pm Sun: 12noon – 3pm & 8pm – 11pm EXPANSION POTENTIAL Whilst already a successful business, this public house offers excellent potential for growth including: 1. Offering food sales and bbq’s, especially on football days/nights 2. Allowing children into the pub in the evenings, as non are allowed at present 3. A working couple who took over the pub would save considerably on wage costs FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £253,794 Gross Profit: 52% 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 A detached two storey premises decorated to a good order and briefly consisting of the following: Ground Floor • Front entrance leading to ladies and gents w/c’s • Main bar area • Pool table, darts throw area, oak flooring around pool table, tiled by the bar and carpeted by the tables • Plasma tv, games and bandit machines, piped cd player • Glass trophy cabinet • Ice machine, glass washer • Long bar • Side entrance into lounge, raised and carpeted seating area, electric fire set into very attractive original fireplace, piano, panelled ceiling The premises are currently licensed to hold up to 200. First Floor • Separate side entrance to first floor private accommodation • 2 double bedrooms • Large lounge • Kitchen/office • Bathroom with shower over • Separate w/c External • Excellent large car park with a capacity for approximately 20 vehicles • 8 garden benches with canopies over – used as a smokers area and outside seating TENURETENURE: Leasehold Original lease: 20 years Remaining lease: 11 years Review every: 3 years Rent: £38,000 We are advised that the annual business rates are currently: £8450 VIEWING Please DO NOT approach the business or its employees without a prior appointment. All appointments are to be made via our office.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: reluctantly offered for sale due to her retirement plans.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Leasehold Original lease: 20 years Remaining lease: 11 years Review every: 3 years Rent: £38,000 We are advised that the annual business rates are currently: £8450
Location: This attractive and highly visible public house occupies a large plot in a prominent location in Stevenage, Hertfordshire. The area is predominately residential but the pub benefits hugely from being close to the football stadium. The business has excellent parking facilities with a large customer car park with a capacity for approximately 20 vehicles and off road parking nearby. Nearby towns include Letchworth, Luton, Hertford and Welwyn Garden City. Access to the area is from the A1(M) off the M25.

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