• Combined income c£527,000 per annum
• 17th Century property
• Owners accommodation
Well establish public house and 40 cover restaurant business situated on a busy main road location in a densely populated residential area of Hampshire. Four bedroom owner’s accommodation. Combined income c£527,000 per annum . Long leasehold Ref:43305
A superb opportunity to purchase a well-known and well used 17th Century public house and restaurant on the outskirts of Waterlooville, Hampshire with the benefit of owner’s accommodation, beer garden and private car park for 20/25 cars.
The Forest of Bere occupies a commanding roadside position within the village of Denmead on a busy main road within a well populated residential area. Also behind the Pub is a new development of some 150 houses and a small block of offices which will commence later in the year, ensuring the business attracts both regular local and passing trade throughout the day.
Dating back to the 17th Century and having served the locality for many years, the business has been under the same ownership since 2004 and has forged strong relationships with the local community. The pub boasts an extensive and loyal customer base with various clubs such as Waterlooville’s Veteran Motorcycle Club and the local British Legion, using the private bar for regular meetings throughout the month.
The imposing detached property provides welcoming accommodation and a homely environment. Both the saloon and public bar are neatly presented with traditional pub furniture with the public bar area providing space for darts and a pool table, which are used throughout the week by the local pool and darts enthusiasts. There are also 2 Crib Teams.
The Forest of Bere is a profitable business and currently operates with a 60/40 split on wet sales and income from the lunch time menu. The restaurant business which is operated under separate ownership pays 15% of gross takings to our client which makes up the remainder of the 40% split.
We have been advised the business has the highest sales of Real Ale in the area at around 300 brewery barrels per annum.
In our opinion the business would ideally suit an energetic and enthusiastic hands on husband and wife team to enhance the overall profitability.
This is an excellent opportunity to purchase a long e
Summary. This is an excellent opportunity to purchase a well established and profitable public house in a popular Hampshire location. Viewing is highly recommended.
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