Pubs for sale in Poole

View the "LEASED PARTNERS OPPORTUNITY - New Inn" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
View More
Leasehold Price: Price on Application
Request Details
Business Description
OVERVIEW

The New Inn is a very large community wet led pub located in the city of Poole. It is well supported by locals and benefits from tourists that frequent the area.

TRADING AREA AND PRIVATE ACCOMMODATION

The New Inn has two separate open plan bar areas. The public bar is split into three/four different spaces, some of which are raised. The other bar is akin to a private function room that can hold sixty to eighty people. The New Inn benefits from pool tables and numerous dart boards, and the large kitchen is fully equipped. The fixtures and furniture are of pleasant contemporary style and they are in good order. The car park has the capacity for approximately sixteen vehicles. The pub has a good sized outside drinking area and with a purpose built smoking shelter. The outside areas would benefit from investment.
The large private accommodation incudes five bedrooms.

LOCAL AREA AND CUSTOMER BASE

The New Inn is surrounded by a large, residential area and is located on a busy main road that runs through the town. There are two large, popular schools close by too. There is plenty to do in Poole; it has plenty of attractions, restaurants and of the course the beautiful beach area and quay.

The pub is popular with locals and attracts tourist trade too. The New Inn has darts, pool, euchre and dominoes teams. The site has a very popular quiz night and live entertainment every weekend. The pub is the most popular place to go to watch live sports and it has several large flat TVs and a projector screen dotted around the public bar for everyone to have visibility.

BUSINESS POTENTIAL

The New Inn currently trades at around £7,000 per week with a 70/30 wet/dry split. The new operator would need to improve the food offer to accommodate more families and drive the community feel to the business and to improve its reputation. It is the best place to go to watch sport therefore the new tenants need to be sports and team orientated. With the right operator driving sales the pub has the potential to achieve sales of £10,000 per week.

Agreement
Pathway
Fully tied
Barrelage Discount £75
Fair Maintainable Turnover* £376,640.94 p.a.

Ingoing Costs****
Working Capital £5,000
Training Fee £550+VAT
Security Deposit £7,500
Stock and Glassware £3,000
Legal fees £350+VAT**

Initial Contractual Costs ***
Rent £32,000 p.a.
Service charge £1,350 p.a.
Decorating fund £2,000 p.a.
Insurance £1,200 p.a.

Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**An estimated figure and subject to completion within 8 weeks
***The ongoing contractual costs will vary in accordance with the terms of the specific agreement
****You will need to obtain independent advice from a qualified accountant, RICS qualified surveyor and a qualified solicitor at your own cost
Tenure: Leasehold

Downloadable Documents

Listed by: Marstons
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

 
MARLE142804
Seller Reference:
Bookmark and Share
You May Also Like...
loading...