Public House - Less Than 2 Year Payback Period
Price:
Leasehold - £47,950
Advent Business Sales is pleased to offer to the market, this exceptionally well established and profitable community led public house.
Dating back to 1860, the business has been owned by the present vendor for over four years and it is only now being reluctantly offered for sale to enable him to pursue an alternative unrelated business venture.
Trade is 100% wet and is fully tied with Marsdens.
Most customers come from the local area with many of them being regular visitors to the pub. The business has three darts teams, two dominoes teams, a crib team and has a quiz every Sunday night. These events all contribute in bringing regular custom from both the home and away teams together with their supporters.
The vendor works almost alone in the business, he has two part timers who work in total circa seven hours per week with extra worked on an as-and-when required basis. Gross turnover is circa £3,100 per week with a gross profit of 50%. Overheads are kept to a minimum, ensuring a healthy net profit.
We are advised that stock at cost is circa £2,500.
EXPANSION POTENTIAL
This is already a successful and profitable public house, it does however, still offer excellent scope to increase both sales and profits for a new owner by:
1. Introducing food sales
2. Turning the currently unused back room into a sports room with a pool table and Sky Sports
3. Let out the spare bedrooms within the private accommodation
4. This is an ideal husband and wife business, which if working together, would also save on staff costs.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
The business is very well located in the heart of a densely populated residential village suburb in an affluent area of Worcestershire.
The pub has its own car park with spaces for circa 16 cars, additional free of charge parking is available on the streets if required.
TENURE: Leasehold
Original lease: 25 years
Remaining lease: 14 years
Review every: 5 years
Rent: £18,034
We are advised that the annual business rates are currently:
Pub: £2,360
Private: £920
Mon to Thurs: 12 noon to 3.30pm &
5pm to 12 midnight
Fri to Sat 12 noon to 12.30am
Sun: 12 noo
BUSINESS PREMISES
The premises are fully alarmed and briefly comprise:
• Main entrance into lobby
• Door from the lobby leading to the private first floor accommodation which comprised of a large lounge, three double bedrooms, kitchen and bathroom with W/C
• Left from the lobby is the unused meeting room – potential for a sports room
• To the right leads into the lounge which is able to accommodate circa 75 and is very well presented with a good ambience. It has a darts throw area, quiz machine, central bar servery, plasma TV, a gas fire with attractive tiled surround
• W/C to the rear
• Rear exit to smokers area
• Boiler room and large cellar
External
• Car park with 16 spaces
• Smokers area with electric heater
North Yorkshire
£ 750,000
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