Business for sale

Business description

We are pleased to have been instructed to offer to the market this extremely well established public house, which dates back to the 1650’s.

The business has been in the hands of the current vendors for the past 3 years and is now being reluctantly offered for sale due to ill health.

The pub is staffed by our vendor together with the assistance of 1 full time and 2 part time staff.

Turnover is split 60% dry and 40% wet with net sales currently approximately £130,000 per annum with a gross profit of approximately 47% and is tied only on beers and ciders.

The local business park ensures regular and busy lunch time trade.

General Information

Trading hours:Mon – Sun: 12noon – 3pm ,& 5pm – 11pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 10 years Remaining lease: 2 years Review every: 5 years Rent: £23,000 P.A. We are advised that the annual business rates are currently: £3,800
Living accomodation:BUSINESS PREMISES The pub operates in 2 areas, the restaurant has approximately 34 covers with an attractive electric fire, central wood burner and many exposed beams. The bar will seat approximately 30, with 2 settles, darts throw area (has 3 teams), projector, ‘drop down’ tv screen. They also have a fruit machine, quiz machine which contribute on average £100 per week. The restaurant has a commercial kitchen which includes:

• 2 deep fat fryers
• 1 griddle
• 1 x 6 ring gas cooker with double oven under
• 3 x commercial microwaves
• 1 x bain marie
• 2 x upright 6’ fridges
• 1 x freezer
• stainless steel work surfaces
• 1 extractor with stainless steel filters.

There is excellent family sized first floor accommodation including:
• double bedrooms,
• lounge,
• kitchen,
• office External
• Spacious car park with approx 34 bays
• A great kids play area with frames etc
• Good beer garden with benches.
• Smokers area which doubles as an outside barbeque.

Location:The public house is situated on a very busy main road running on the A413 from Gloucester to Monmouth which has the largest volumes of passing traffic.

Locally there is one good primary school and two very good secondary schools.

Nearby is a local business park which ensures a regular and busy lunch time trade.

Expansion potential:The pub operates excellent potential for growth in both turnover and profits by: 1. Letting out some of the 5 first floor bedrooms 2. Converting the outside barn into 4 letting rooms 3. Because of the busy main road and the size of the plot, the pub would make an excellent ‘Berni inn’ or equivalent.
Financing available:Please let us know if you require finance for the purchase of a business.