8893CV WARWICKSHIRE FREEHOLD: £525,000 FREEHOLD PUBLIC HOUSE
Asking Price: GBP
525000
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| Description: |
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Advent Business Sales are delighted to have
been instructed to offer to the market this
extremely well established freehold public
house.
The pub, which was founded over 100 years
ago has been in the hands of the current
vendor for over 15 years and is only now
being reluctantly offered for sale to enable
him to pursue another alternative unrelated
business venture.
The pub has a thriving 100% wet trade and
achieved excellent net sales of £189,427 in
the last financial year with a gross profit of
£108,013.
The pub has 2 football teams, a pool team
and 2 darts teams.
Although the business does not offer food
sales, it does have a good kitchen on the first
floor which comprises of:
• 6 ring gas burner with oven under
• 3 microwaves
• Deep fat fryer
• Burger grill
• Upright fridge
• Hot cupboard
• Dishwasher
We are advised that stock at cost is
approximately £5,000.
The business subscribes to Sky sports with a
splitter box to enable separate channels to be
viewed on different televisions.
STAFF DETAILS
The business, which is run totally on
management, employs 3 full time members of
staff together with 2 part timers who only
work approximately 7.5 hours per week each.
TRADING HOURS
Mon – Sun: 12noon – 3.30pm and
6.00pm - close
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.
EXPANSION POTENTIAL
Although the business achieves excellent
profits, there is still considerable scope to
increase sales and profits by:
1. Convert the large first floor function
rooms back into a restaurant and then
make full use of the existing
commercial kitchen
2. A husband and wife team working
together in the pub would then
greatly reduce or almost eliminate the
wages cost
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £189,427
Gross Profit: £108,013
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
A very well presented and recently
redecorated lounge bar with upholstered
perimeter seating, loose tables and chairs,
attractive fireplace, large plasma TV.
Through to the public bar with 3 darts
throw areas, working fireplace, 2 games
machines, pool table, jukebox, cigarette
machine, rear w/c’s.
Bar servery with wall hung TV.
Outside disabled w/c, terraced area with
tables and chairs
Storage shed and a privately enclosed beer
garden
First floor function room with kitchen off
Private accommodation on the first and
second floors comprising of 2 double
bedrooms (1 with a bath), shower room,
office/bedroom, separate w/c, lounge
The premises have the added security of
being alarmed and having CCTV with 6
cameras fitted
TENURE: Freehold
We are advised that the annual business
rates are currently: £4,500 |
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| Financial Information: |
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| Annual gross sales: (GBP) |
189427 |
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Yearly Revenue: (GBP)
Total yearly sales revenue |
N/A |
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Net Profit: (GBP)
Total profit before taxes |
N/A |
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| General Information: |
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| Business Area: |
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| Year Established: |
1993 |
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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: |
Yes |
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| Number of Employees: |
3 full time/2 part timers |
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| No of trading hours: |
Mon – Sun: 12noon – 3.30pm and 6.00pm - close |
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Reasons for selling:
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being reluctantly offered for sale to enable
him to pursue another alternative unrelated
business venture. |
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Market competition and expansion:
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Although the business achieves excellent
profits, there is still considerable scope to
increase sales and profits by:
1. Convert the large first floor function
rooms back into a restaurant and then
make full use of the existing
commercial kitchen
2. A husband and wife team working
together in the pub would then
greatly reduce or almost eliminate the
wages cost |
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