Business for sale

Business description

Advent Business Sales is pleased to offer to
the market this extremely well established
‘drinkers’ pub.
It has a trading history spanning over a
century, with a loyal following producing a
healthy net profit.
The current vendor has been in ownership for
the last 5 years. The decision to sell has been
taken with retirement in mind.
The owner resides nearby and has informed
us that he is willing to conduct a detailed
hand over period to ensure the successful
continuity for a new owner, after which he
will still be on hand if needed.
The business is a genuine sale due to
retirement, which has created a superb
opportunity for a new publican.
The pub is wet led and is known as a
‘drinkers’ pub.
Many teams have chosen the pub as their
main point of meeting, these include:
• Pool team on Monday nights
• Darts team on Tuesday nights
• Quiz team on Wednesday nights
• Poker occasionally on a Thursday
night
• Golf Society meeting – once a
month
• Deep sea fishing – once a month
• Football team on Wednesday nights
and Sunday afternoon
Sandwiches are provided for the meetings on
Monday, Tuesday and Wednesdays.
In addition, a charity function is conducted
once a year. Outdoor barbecues take place 4
– 5 times per year.
Our client has built upon and maintained
the excellent local reputation.
The business is run by one part time cleaner,
1 part timer and on a part time basis by the
two owners.
The public house has a capacity for 250
people.
REF: 8903S
TRADING HOURS
Mon – Sun: 12 noon – 1am
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £282,333 (2008)
Gross Profit: £135,346
Net Profit: £57,026
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The public house briefly consists of:
Ground Floor
• Main bar – well maintained
• Comfortable seating area
• W/c’s
• Pool room
First Floor
• The living accommodation is of a
good standard
• Lounge/diner
• Two double bedrooms
• Wc and shower
• Kitchen area
External
• Outdoor smokers area
• 5 benches and tables – patio area
• 7 – 8 parking spaces
TENURE: Leasehold
Original lease: 20 years
Remaining lease: 15 years
Review every: TBC
Rent: £25,000 P.A.
Brewery: Avebury Taverns
We are advised that the annual business
rates are currently: £6,000
We have copies of the 2008 and 2007
accounts as well as the lease.
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.