Business for sale

Business description

Advent Business Sales is delighted to have
been instructed to offer to the market this
extremely well established freehold public
house.
The pub was established approximately 100
years ago and has been in the hands of the
current vendor for 13 years. Part of the
building however, dates back to 1620; the
premises are not listed but are within a
conservation area.
The business is only now being reluctantly
offered for sale as the vendor wishes to
retire.
Trade is almost exclusively wet with a
strong tradition of offering a good selection
of real ales.
The pub sponsors the local rugby club and is
also the home base for a pool team and darts
team.
Our client, who only works in the pub part
time, employs full time his son and two part
timers who work 27 hours per week in total.
Although the business does not offer food
sales, it does have a kitchen comprising of:
• 4 ring gas cooker with oven under
• Fridge
• Twin fryer
• Microwave
• Washing machine and tumble dryer
• Sink
• Extractor unit
Gross turnover for the year to March 2008
was approximately £215,000 with an
excellent gross profit of 63%; this coupled
with the low overhead spend will ensure a
consistently high net profit.
Stock at cost is approximately £3,000.

BUSINESS PREMISES
A very attractive Cotswold stone built property within a conservation area.

Ground Floor
The public area and private accommodation have been maintained to an extremely high standard with no expense spared, which would be very evident when viewed.

Twin access points, detached garage with roof structure, own car park with approximately 10 spaces, 3 bedroom private accommodation.

Entry from pavement into lounge area with a range of comfortable chairs and tables, plasma TV, through to bar area with very attractive efficient wood burning stove, bandit, ladies & gents w/c.

Central bar which serves both public area.

Rear pool area with darts throw, cigarette machine, quiz machine, tv and with wall seating all around.

Kitchen off one side and ground floor cellar off another.

First Floor
Stairs off the lounge to private accommodation comprising of:
Lounge/kitchen
Bathroom
Master bedroom with ensuite
2 further double bedrooms.

The property is fully insulated to the latest standard and is double glazed throughout.
EXPANSION POTENTIAL
Our client is content with the excellent profits earned but is aware that these could be increased considerably by:
1. Offering food sales – because of his main road location and good car parking, a lot of passing traffic calls in and enquires but leave disappointed. Many local customers have intimated that they wished he had at least bar snacks available.
2. The property next door is currently on the market, this could quite easily be turned into a very nice annexed restaurant.

This is quite clearly an exceptional opportunity which can only be fully appreciated when viewed.