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9136ST F/H Community Pub £290,000 Staffs
Asking Price:
GBP 290000
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Business Location:
United Kingdom » Staffordshire » Undisclosed
Category:
Leisure
»
Bars & Nightclubs
Description:
THE BUSINESS:
Advent Business Sales are pleased to offer to the market this extremely well established local town centre community pub, which has been trading successfully since the mid 1800’s.
The pub’s history extends back to the days when it was a coaching house.
The current vendor has been happily in ownership for the last 23 years and is reluctantly selling due to a desire to retire.
The pub is 100% wet sales with public and lounge bars and also a covered smoking area at the rear. It is supported by 2 darts teams and a football team. It was noted on both our visits to be well attended by local customers and it also allows supervised children with adults to be allowed in the lounge area up to 7pm.
The pub is warm and inviting with good décor and fixtures and fittings. The outside smoking area is quite spectacular with aluminium seats and tables and remote controlled awning, heaters and lights, the awning can be rolled back during warm and dry weather, giving an added dimension to the pub.
There are door ways from both the front and rear of the building. Off the bar area is a small commercial kitchen area, which might give an excellent opportunity to provide hot/cold bar snacks.
Sales are increasing year on year at a healthy GP, producing healthy net profits in excess of £53,000 per annum.
We are advised that stock at cost is approximately £2,000 - £2,500.
This is an ideal family pub with excellent accommodation and fantastic potential.
REF: 9136ST
FINANCIAL INFORMATION:
We have been advised by the vendor of the following:
Annual sales: £198,783
Gross Profit: 51.7%
Net Profit: £53,681 pa
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 pub has both width and depth which extends through to the rear street and briefly consists of:
Ground Floor
• Door at front (to right hand) leads to the front bar area with dart board and open doorway leading to lounge bar area
• Second dart board and wide passage area to ladies and gents toilets and back lobby to rear of pub and rear door
• Side of lounge bar is small kitchen area which could be opened out to supply bar snacks
• Doorway leading to cool under cellar
• Behind bar is a doorway to stairs to private apartment
First Floor
• Beautifully appointed apartment, consisting of:
• 2 bedrooms
• Office
• Large lounge
• Bathroom
• Kitchen/dining area
• From the landing there are stairs leading to second floor
Second Floor
• Consists of a second lounge with beams, windows on one side and skylight and another beautiful double bedroom
External
• The front is paved to roadway
• At the back there is a garden/smoking area
• Rear exit to small car park and the back street
TENURE: Freehold – free of tie
We are advised that the annual business rates are currently: £3091
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Financial Information:
Annual gross sales: (GBP)
198783
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
53681
General Information:
Business Area:
Our client’s public house is conveniently located in a town in the Stoke on Trent. It is situated on the main town high street, which is the main shopping area. It has its own small car park at the rear of the building, although there is adequate car parking close by, the area is a good mix of commercial and domestic buildings. The M6 motorway and the A50 trunk road provide access to other areas.
Year Established:
1985
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
Yes
Number of Employees
:
Four part time employees together with the owner staff the business
No of trading hours:
Mon-Sun: 10am – 10.45pm
Contact Seller Now
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