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Business for sale in United Kingdom - 8794wr worcestershire £30,000 leasehold public house

Asking Price: 30,000 £ Real Estate: Lease
Business for sale – 8794wr worcestershire £30,000 leasehold public house
Sales Revenue: 146,143 £
Net Profit: 0 £
Year Established: 2005
Employees: 1PT
# of family members employed: 1FT
Location criteria:
United Kingdom/County of Worcestershire/Worcester

Business types:

Accommodation & Food services

Business categories:

Bars & Taverns

Business description

Advent Business Sales is pleased to offer to the market this extremely well used local pub, which was founded some time about 1842 and originally had its own brewery at the back of the property. The current vendor has to reluctantly sell due to personal reasons but over the last 3 years has built up a fantastic reputation which was reflected in the last accounts, showing a 50% rise in sales. The pub boasts 2 darts teams, 2 football teams and a golf society; a new pool table was introduced recently and a team may be imminent. In the public bar it is not only a standard TV but also a big screen projector TV for the bigger Sky transmitted sporting events. In the winter, from October through to April, there is a quiz and curry night, which is very well attended. A karaoke has also been in use from time to time. At this present moment the pub is only selling a wet offer including good real ales, lagers, ciders, wines and spirits but there is a well equipped commercial kitchen, which could be re started. There is definitely a call for ‘pub grub’ by its clientele. The present owner and 1 part time employee staff the business. Stock at present is kept at approximately £2,500 and from 27/12/06 – 27/12/07 the barrellage was 714 barrels. A fantastic ‘local’, well respected ‘with no trouble’ with a cosy and comfortable ‘Victorian look’, clean, well decorated and looked after – this pub has been priced, for a quick sale. TRADING HOURS Mon – Thurs: 4.30pm – 11.30pm Fri – Sun: 12 - 12 EXPANSION POTENTIAL A husband and wife team could open up the pub kitchen to put on ‘pub’ food and Sunday roasts, both have been asked for. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £146,143 Gross Profit: 48% 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 Door is placed toward the left hand side, leading to a lobby to the right is a long public bar with projected tv. Darts and bar, there is a door leading to the w/c’s. From the lobby to the left is a lounge with bar leading to a further room with a pool table, this also leads to the pub kitchen, the rear patio and w/c. The pub has a large cellar space, one room ambient storage, the second chilled for beers with dray drop. The third bigger than the first two, again ambient. Above is a good mixed family accommodation with dining room, 2 double bedrooms, fitted kitchen, bathroom with separate bath, shower and w/c and a living room. On this floor there is also a room some 24 x 24ft approx, which was at one time a function room with two open fireplaces. The kitchen equipment includes: • Double sink, double drainer • Cooker • 2 fryers • Slow cooker • Griddle • Deep freeze • Large fridge To the rear is a well used patio area and the bottling shed. At the front is a large seating area across the pub width, walled. Beyond is a pavement onto the roadway. TENURE: Leasehold Original lease: 10 years Remaining lease: 3.5 years Review every: 5 years Rent: £2,000 per month We are advised that the annual business rates are currently: £1940 – business, £910 - domestic

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: NOT DISCLOSED
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Leasehold Original lease: 10 years Remaining lease: 3.5 years Review every: 5 years Rent: £2,000 per month We are advised that the annual business rates are currently: £1940 – business, £910 - domestic
Location: LOCATION Our client is located in a highly residential area. The housing is of mixed stock, some Victorian, some new. The area is a social location with a wide age range; this is reflected in the pub clientele. The pub’s geographical point is in a very desirable town in beautiful Worcestershire. The town itself is both historic but thriving and is close to the M5 motorway. It has excellent rail links to both Birmingham and the South West.

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