8983OX OXFORDSHIRE LEASEHOLD: £215,000 PUBLIC UBLIC HOUSE
Asking Price: GBP
215000
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| Description: |
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Advent Business Sales are delighted to have
been instructed to offer to the market this
Grade II listed public house, which is free of
tie and enjoys an unopposed village location.
The pub, which dates back to 1577, has been
in the careful ownership of our client for 16
years and is only now being reluctantly
offered for sale as he plans to retire.
The business has a 34 cover restaurant,
which offers a traditional style extensive
menu, which is very realistically priced. Sales
overall have a 60/40 split wet/dry with
annual sales of approximately £285,000 and
a gross profit of circa £125,000.
The business also has 3 letting rooms, which
are currently charged out for £30 per person
for any night of the week.
The pub has 3 darts teams, 1 crib team and
an Aunt Sally team. In addition, the lions
and army vehicle association meet once a
month and the folk club meets every
Wednesday night. As the pub has such a
huge garden, they have a bouncy castle on
permanent hire during the summer to attract
the children. Once a year also a folk festival
is held, which brings customers from all
around the country.
The pub employs 5 part time staff, who each
work approximately 20 hours per week, one
full time staff member and our client and his
wife also work full time.
We are advised that stock at cost is
approximately £3,000.
REF: 8983OX
TRADING HOURS
Mon-Sat: 11am – 11pm
Sun: 12 - 10.30pm
EXPANSION POTENTIAL
Our clients have an excellent and successful
business, which we believe would benefit by
changing the emphasis of the restaurant to
have a more upmarket theme to suit the
nature of the majority of people within the
village. Greater use of the huge garden could
be achieved by putting in more benches and
organising more outdoor functions.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £285,000
Gross Profit: £125,000
Net Profit: £64,000 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
Arranged over 3 floors the premises briefly
comprise of the following:
Ground Floor
• Public bar, family room are all
accessed from the front of the pub,
all other rooms are predominately
entered from the rear
• Public bar with quarry tiled floor,
working open fireplace an centre bar
servery
• TV, family room with darts throw
area, 20 covers with loose tables and
chairs, open fireplace and wood
panelled walls
• Lounge bar with central bar, 20
covers, working wood burner
• Dining room/restaurant with
approximately 34 covers
• Ladies and gents w/c
• The restaurant is fully equipped
kitchen with: 4 industrial
microwaves, twin fryer floor
standing gas fryer, 6 ring burner
with oven under, stainless 3 door
fridge, 2 upright fridge and 5
freezers, a chest freezers, small
fridges, tumble dryer, washing
machine and a sit on mower is kept
in the outside storeroom.
• The beer cellar is at ground level
Upper Floors
• 3 letting room, which all have
tea/coffee making facilities, vanity
sink and television. There is a
communal bathroom and separate
w/c
• The owners accommodation is on
the first and second floors and
comprises of: 2 lounges, 3 bedrooms
(all doubles) an office and a
bathroom
External
• Pebbled car park for approximately
30 cars
• Caravan park for 5 vehicles A
licence to apply for.
• Numerous outbuildings for storage
or parking
• Enclosed child play area with
garden benches, slide, climbing
frame and swings
• Extensive gardens leading down to
the River Thames with mooring
TENURETENURE: Leasehold
Original lease: 40 years
Remaining lease: 20 years
Review every: 5 years
Rent: £30,000 P.A.
We are advised that the annual business
rates are currently: £6,000
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office. |
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| Financial Information: |
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| Annual gross sales: (GBP) |
285000 |
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Yearly Revenue: (GBP)
Total yearly sales revenue |
N/A |
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Net Profit: (GBP)
Total profit before taxes |
64000 |
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| General Information: |
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| Business Area: |
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| Year Established: |
1992 |
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Is Relocatable?:
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No |
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| Business closed or an asset sale : |
No |
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| Is Home based business?: |
No |
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| Real estate status: |
No |
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| Number of Employees: |
05PT |
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| No of trading hours: |
Mon-Sat: 11am – 11pm Sun: 12 - 10.30pm |
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Reasons for selling:
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offered for sale as he plans to retire. |
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Market competition and expansion:
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Our clients have an excellent and successful
business, which we believe would benefit by
changing the emphasis of the restaurant to
have a more upmarket theme to suit the
nature of the majority of people within the
village. Greater use of the huge garden could
be achieved by putting in more benches and
organising more outdoor functions. |
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