Business for sale

Business description

THE BUSINESS
Advent Business Sales have been
instructed to offer for sale this superb
Public House. It has excellent
restaurant facilities.
The business has been in the hands of
the current owners since 2005.
In this time, the owners have superbly
refurbished the premises and living
accommodation to a very high
standard, incorporating a fully
operational commercial kitchen.
The business is staffed by the vendors,
full and part time staff, including 3
chefs.
The two restaurant areas can cater for
120 covers, giving customer’s choice
from a carefully selected and prepared
menu including breakfast, lunchtime
and evening.
At peak trade, 450 covers have been
achieved in one single day.
There is a large menu with extensive
vegetarian catering.
The pub is popular for private parties
from wakes to weddings.
The sheer size of the property has
offered vast opportunity for the
vendors to explore business ideas.
The wet/dry split is currently at 40% to
60% with increasing food sales. The
pub is totally free of tie.
To complement the pub/restaurants,
attached is a spacious 9 bedroom bed
and breakfast which is virtually at full
occupancy throughout the year.
The business has felt resurgence with
tremendous passing trade and with
Donnington Park race track nearby,
business remains buoyant throughout
the year.
There are fantastic patio and garden
areas to enjoy, making the pub an
overall pleasant destination.
EXPANSION POTENTIAL
There is scope to extend the property
to incorporate more rooms.
Subject to application, weddings and
civil partnerships could be catered for.
With a fully operational web site and
advertising to target audiences, the
profits could further grow.
With the Formula One coming to
Donnington Park in 2010, this will
most certainly benefit the business in
increase footfall and revenue.
TRADING HOURS
Mon – Sun: 10am – 1.00pm
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Annual sales: £426,000
Gross Profit: 67%
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
A substantial property briefly
consisting of:
Ground Floor

Two restaurant areas 76 and 44
covers

2 bar areas

Fully commercial catering kitchen

Access and facility to comply with
disability legislation

Ladies and gents toilets

Office and ancillary area
First Floor

8 letting bedrooms

2 single rooms

3 double rooms

3 twin rooms

1 suite

all en-suite
External

Patio areas

Beer gardens

Car park for 75 cars
TENURE: Leasehold
Original lease: 20 years
Remaining lease: 18 years
Review every: 3 years
Rent: £52,000 PA
We are advised that the annual
business rates are currently: TBC
VIEWING
Please DO NOT approach the business
or its employees without a prior
appointment.
All appointments are to be made via
our office.