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8749NG NOTTINGHAM L\H£100000 PUBLIC HOUSE

Asking Price: GBP 100000

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Business Location:	United Kingdom » Nottingham » NOTTINGHAM

Category:	Leisure » Bars & Nightclubs

Description:

THE BUSINESS
Advent Business Sales are delighted to offer
to the open market this superb busy public
house, which is extremely popular and has
been trading successfully as a community
pub for over 80 years.
In the hands of the current owners since
2005, it is now reluctantly offered for sale
due to the vendor’s personal and family
commitments.
The business prides itself as being part of the
local community as it hosts 2 pool teams,
mens and womens darts teams, a football
team and is a regular meeting point each
week for a divers club. The pub is also the
designated headquarters for the St. George
Society, to which many people travel from
afar to view this spectacular event.
The business is themed as a traditional pub
with a good 80% wet to 20% dry sales split
and is tied to keg and cask beer and real ale
only.
The pub is open 7 days a week, enjoying a
healthy trade both at lunchtime and evening.
There are several offices and financial
institutes nearby who frequent regularly for
afternoon bonding with colleagues.
The main bar capacity is 120 seating with a
further snug area.
Our client has successfully introduced a new
fully equipped commercial kitchen within the
past few months which is now starting to
reap benefits.
A good quality Sunday lunch is offered
which has proved to be very popular.
To further complement the business, the pub
also has a private function room with a pool
table and a separate bar, which can be
accessed independently, this is located on the
first floor but the real focal point to the pub
is the vast area to the rear which boasts a
fantastic children’s play area with a bouncy
castle, with seating for over 100 people.
There is a popular barbeque area. In
addition, a skittle alley room is also situated
to the rear of the pub, as well as a
gymnasium which can be accessed from the
rear beer garden.
The pub attracts regular media and
television coverage through its growing
reputation and its association with St.
George’s Society. In addition, the pub has
been awarded by being recognised as a
friendly pub on a national level.
The business is staffed by the vendor on a
full time basis, there are also 6 part time
employees who work a variation of shifts.
The vendor is willing to assist in a short
hand over period to ensure continuity.
TRADING HOURS
Mon – Thurs: 12noon – 12midnight
Fri – Sat: 12noon – 1.00am
Sun: 12noon – 10.30pm
EXPANSION POTENTIAL
The business offers excellent potential for
further growth by offering a good selection
of bar food and pub menu’s on a daily basis
to further utilise the new kitchen.
The function room/skittle alley and gym
areas offer further scope in increasing
turnover with advertising.
.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £178,000
Gross Profit: 41%
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
This exceptionally spacious pub close to
Nottingham city centre which boasts a
community spirits and consisting of:
Ground Floor
2 entrances leading into main lounge
Fully stocked bar
Seating with capacity for 120
Fruit machine, quiz machine and dart
board
Projector and pull down screen, 1 flat
screen TV, 2 televisions
Ladies and gents w/c
Snug room with 25 capacity
Fully fitted commercial kitchen
Stairs to basement cellar
Stairs to first floor living
accommodation
Rear exit leading to beer garden and
play area
First Floor
2 x double en-suite bedrooms
Living room
Dining/kitchen
Office
Living accommodation can be accessed
independently.
Private function room with separate
access
Stairs to first floor
60 cover capacity equipped with tables
and chairs
Private bar
Pool table
dance floor – entertainment system
Gymnasium with own access to the rear
of the pub. Large area can be converted
into alternative area
Children’s play area
External
Large walled beer garden to the rear
with an additional side entrance
12 tables and chairs
BBQ area
Children’s play and activity area
Skittle alley
Paved to front
Street parking to front
TENURE: Leasehold
Original lease: 30 years - rolling
Remaining lease: 30 years
Review every: 3 years
Rent: £46,440 per
annum
We are advised that the annual business
rates are currently: £5000

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Financial Information:

Annual gross sales: (GBP)	178000

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

Number of Employees:	6PT

No of trading hours:	Mon – Thurs: 12noon – 12midnight Fri – Sat: 12noon – 1.00am

Reasons for selling:	now reluctantly offered for sale due to the vendor’s personal and family commitments.

Market competition and expansion:	The business offers excellent potential for further growth by offering a good selection of bar food and pub menu’s on a daily basis to further utilise the new kitchen. The function room/skittle alley and gym areas offer further scope in increasing turnover with advertising.

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