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

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