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8015NG NOTTINGHAMSHIRE L/H£60000 PUBLIC HOUSE

Asking Price: GBP 60000
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Business Location: United Kingdom » Nottinghamshire » NOTTINGHAMSHIRE 
Category: Food » Cafes & Restaurants
Description:
Advent Business Sales have been
instructed to offer for sale this long
established business in the ownership of
the vendor since March 2005, it is now
reluctantly offered for sale due to the
vendor’s future business plans.
The pub currently operates 100% wet
sales although the premise has stainless
steel industrial kitchen equipment.
This is a good size premises with
spacious family living accommodation
with lots of unused and under utilized
space ripe for exploitation and
development with the added advantage
of unusually low rent.
EXPANSION POTENTIAL
80+ capacity function room currently
under utilized with potential as food
sales area.
The enclosed yard has potential as a
smoking area.
The two storey outbuilding has potential
for letting rooms.
TRADING HOURS
Mon – Sat: 12 noon – 12.00pm
Sun: 12 noon – 11.00pm
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Annual Sales: £196,000
Gross Profit: 43%
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
Detached 3 storey premises decorated
in a traditional public house style and
consisting of the following:
Ground Floor
? Large bar area with pool table
? Snug
? Ladies and gents w/c’s
? Access to enclosed yard
? Access to very large cellar an
storage area below ground
? Stairway to first floor
First Floor
? Large function room with bar,
occupancy 80+
? Industrial kitchen
? Lounge
? Toilet
? Family bathroom
? 2 x large double bedrooms
Second Floor
? 2 x double bedrooms
? Unused area in eaves
External
? Out building with scope to convert
to letting rooms, subject to planning
? Outside courtyard which could be
used as a covered smoking area
? Open area with seating.
TENURE: Tennancy
Current Lease: 2 years
Lease Remaining: 2 years
Review every: 3 years
Annual Rent: £18,500
We are advised that the annual business
rates are currently: TBC
 
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Financial Information:  
Annual gross sales: (GBP) 196000
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area:
Year Established: 2005
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Mon – Sat: 12 noon – 12.00pm
Reasons for selling:
 reluctantly offered for sale due to the vendor’s future business plans.
Market competition and expansion:
 80+ capacity function room currently under utilized with potential as food sales area. The enclosed yard has potential as a smoking area. The two storey outbuilding has potential for letting rooms.
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