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8940S NOTTINGHAMSHIRE LEASEHOLD: £84,500FREE OF TIE PUBLIC HOUSE

Asking Price: GBP 84500
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Business Location: United Kingdom » Nottinghamshire » NOTTINGHAMSHIRE 
Category: Leisure » Bars & Nightclubs
Description:
Advent Business Sales are pleased to offer to
the market this extremely well established
public house, which has been a place of
entertainment and social activity since the
turn of the 20th Century.
The current vendor has been in ownership for
the last 4½ years. The owner is reluctantly
selling due to the ownership of a second
freehold public house, which is their home.
The venue has achieved an enviable local
reputation for being a night spot over the
weekend, with music as well as pool, darts
and dominoes.
Sales are 100% wet. The premises has a
projector tv with large screen for special
occasions. On the weekend of September 5th
through to 7th it took £2500 at a 62% GP.
Saturday’s have now been given over to
private functions and forward bookings are
regular.
There is excellent street parking and the pub
can apply for a small cinema licence, this
would add to the possible entertainment
value on offer.
The main parts of the pub has very recently
been refurbished and offers a large open bar
with dance area, DJ area, games area and an
easy chair chill out area.
The pub has no ties so buys its beer at best
prices, therefore allowing it to sell a pint of
Carling at the lowest price in the area.
Annual barrelage is at 180 and growing.
One full time employee together with 1 part
time employee staff the business.
We are advised that stock at cost is
approximately £2000.
Advertising takes place at present in a local
magazine for private functions.
The owner is keeping day by day till receipts
for any potential buyer to examine, to prove
takings week by week.
The landlord has given owner of business
option to be first to buy freehold when he
decided to put it on the market.
REF: 8940S
 
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Financial Information:  
Annual gross sales: (GBP) 143806
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area:
Year Established: 2003
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 01 full time and 01 part timer.
No of trading hours: Mon-Weds: closed Thurs-Fri 3pm – 3am Sat: Private functions onlySun: 2pm – 10.30pm
Reasons for selling:
 selling due to the ownership of a second freehold public house, which is their home.
Market competition and expansion:
 1. Additional hours 2. Make even more of Saturday private functions 3. Make more of pub’s sporting teams
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