LIFESTYLE PUBLIC HOUSE STONEHENGE WILTSHIRE
Price:
Leasehold - £125,000
Location:
Wiltshire , Stonehenge
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele with huge tourist trade.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £250,000 with a net profit of £52,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owners wish to re locate.
- An easily run operation.
- Good loyal well trained staff.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving public house which has been established since 1865. The business has been in the hands of the current owners since 2004 and they now wish to sell due to retirement.
Services
This very good business opportunity provides a traditional pub experience with quality food at good prices as well as a host of alcoholic beverages. Food accounts for 60% of all sales. There are also 7 letting rooms for a bed and breakfast service.
Staffing
The concern employs 6 staff. 3 are full time and 3 are part time. The total wage bill is £670 per week. All staff would stay on after a sale.
Owners Role
The owners’ role is very hands on and he works full time in the business
Marketing
The owner markets the business on the internet.
Competition
As far as competition is concerned the next nearest public house is 1 mile away.
Market
The client base consists of 25% locals and 75% passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• The business needs to provide more events and music and a website and more advertising.
• The local corporate market has not been approached.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is detached and is on a plot of approximately 1 acre. There is a 38 cover restaurant and a separate lounge. The kitchen is fully equipped. There are 7 letting rooms all of which are en suite. Charges vary seasonally. There are 3 family rooms 1 twin, 2 doubles and 1 single. The owners’ accommodation consists of a lounge, bedroom, bathroom and laundry.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £30,000.
External
To the front there is a large car park opposite.
Financial Details
The present turnover is £250,000 per annum with a gross profit of 60% and a net profit of £50,000. The wages are £670 per week. The present value of the stock is £5,000 and the fixtures fittings and equipment are worth £30,000.
In 2008, the turnover was £150,000. The potential turnover of the business within the next 2 years is forecast to reach £300,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
- Ideally located in quiet, rural location offering exceptional lifestyle.
- Bulford and Knark Hill army camps nearby and Amesbury is only one and a half miles away.
- Just off the main A303 arterial road
- Excellent tourist and passing trade.
The original length of the lease was 10 years with 2.5 years remaining. The rent is £52,000 pa. The rates are £4,500 pa.
Monday to Thursday: Noon until 11pm
Friday and Saturday: Noon until 2am
Sunday: Noon until 10.30pm
. There are 7 letting rooms all of which are en suite. Charges vary seasonally. There are 3 family rooms 1 twin, 2 doubles and 1 single. The owners’ accommodation consists of a lounge, bedroom, bathroom and laundry.
North Yorkshire
£ 750,000
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