THEY DON?T MAKE THEM LIKE THIS ANYMORE, A SPORTSMANS OASIS

Price:

Leasehold - £49,500

Seller Ref:

G4698L

Location:

Hertfordshire

Business Type:

Pubs

See Other:

Public houses for sale in Hertfordshire
Pubs for sale in Hertfordshire

Description:

THE BUSINESS:

Sustainable sales of £376,000 inc vat 95% Wet good profits Well kept Locals Bar (36+) comfy Lounge (50+) separate long skittles alley Sun trap patio yard with timber benches (40+) smokers solution- C/P (40) Generous 3 bed owners accommodation with private access. Strong local support just open the doors and make money 15 year landlord and tenant protected lease fully renewable at no further cost Part Tied sensible rent LOCATION ( LE2 5DP ) Forming part of the City of Leicesters urban area, Oadby lies 3 ½ miles South East of the city on the main A6 with the pub sitting on London Road (formally Turnpike Lane). The Borough has a population of circa 56,000 and a history going back to 550AD when it was an Anglian Settlement and myths have it that the area is said to be the site of at least one of King Alfred the Greats, battles. In the late 19th Century it was renowned as a fashionable suburb for factory owners with great houses which are now used as student accommodation for Leicester University and H/Qs of International Businesss which along with major retailers and supermarket chains provide a sustainable income for its residents. The township is also the location of Leicester Race Course, Beauchamp College , University Botanical Gardens and the training grounds of Rugby Leagues Leicester Tigers at Oval Park on Wigston Road. As well as local employment the locale is popular with families due to Beauchamp College and the excellent local family facilities. PROPERTY DESCRIPTION The pub started its history off as a Wheel-right in 1870 and is of brick construction under mainly pitched slate roofs. Everyone is welcome at this hostelry and it has been described as, like walking back into a rural time warp , I dont know so much about that but it does have a most excellent and welcoming atmosphere. You can enter from the pubs car park or directly from London Road into the LOCALS BAR ( 36+ standing) is fully carpeted and furnished with perimeter seating, some on horse shoes, along with stools to lady head tables. Sporting bric a brac is displayed throughout, along with records of the large charity events that the pub is famous for. LOUNGE BAR (50+ standing) is of similar fitting again with sporting and charitable paraphernalia. SKITTLES ALLEY, located separately from the bars is a traditional characterful long alley which can be used for private functions. CATERING KITCHEN is equipped with a mix of commercial and domestic units (currently only light snacks are provided along with the many functions in the skittle alley) . CENTRAL BAR SERVERY with canopy above has a bank of REAL ALE WICKETS and the pub has won awards from CAMRA including Leicestershire Pub of the Month. (good real ale and sports mix rather well together). TOILET facilities are to a good standard. OWNERS ACCOMMODATION The owners accommodation comprises of 3 bedrooms, large lounge, family bathroom, and kitchen area. There is private access to the flat. EXTERNALS To the rear is a courtyard style patio come beer garden with garden furniture and planting tubs, an oasis for alfresco moments. Car parking is available for circa 20/25 vehicles. PREMISES LICENSES The premises currently open for business from 12.00hrs until Close all week. The premises license allows openings from 11.00hrs till 01.00hrs all week with Sunday 12.00hrs till 22.30hrs. A personal licence will be required and our training associates would be only too pleased to assist in this matter. TENURE We are instructed by our clients to offer the business for sale by way of assignment of a 15 year lease commencing 2004 from PUNCH TAVERNS, fully protected by the Landlord & Tenant Act and fully renewable at no further cost current rent is an affordable and realistic £36,791 and is Free of Tie for Wines, Spirits & Minerals . SERVICES We are advised that the pub benefits from all main services electric, water, mains sewage and has GAS central heating. The business rates payable are £8,000 per annum. THE BUSINESS Our client has been running the business since 2004 single handed as his partner has had other outside interests. The business has a strong reputation for supporting charities and the passion of its clients for all things sporting. These range through Tug o War, Golf Society, Cricket, Clay Pigeon Shooting courtesy of a local farmer customer, Fishing, Poker, Skittles, traditional pub games such as Darts, Dominoes and Crib and has Football teams and a strong affiliation to local, national and international Rugby. Up to date sales (09) show £376,000 inc vat 95% Wet driven with a Reconstructed Net Profit (after adding back depreciation, personal expenses and an allowance for extra wages occurred due to the single nature of the operator) of £42,000. We believe that this could be further enhanced with a traditional couple running the business which would reduce the wage bill along with encouraging extra sales. WE SUGGEST LOOKING AT THIS BUSINESS AS EARLY AS POSSIBLE DUE TO ITS PROFITABILITY AND STRENGTH OF RETURN ON INVESTMENT Accounts information will be made available to interested parties after viewing. Our panel of financial experts are here to help; call for referrals: 01530 414140. The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251208. Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.