A Most Impressive Family Friendly Pub For Sale

Business description

A MOST IMPRESSIVE HIGH INCOME FAMILY FRIENDLY PUB AT THE COMMUNITY HEART OF BLETCHLEY BUCKINGHAMSHIRE

Property Details
> High sales foundation of £534,838 inc vat 91% Wet Driven with growing food sales – 51% Wet GP with huge Net Profit potential
> Main Lounge Bar ( 60+) with games area – Family room with fitted professional kids play area ( 30+)
> Located close to rail station amongst quality housing, traditional shops and modern stores
> Generous 3 bed owners home – excellent local schools and amenities
> Secure beer garden (100) with family play equipment and large car park (60)
> Fully renewable PARTIALLY TIED LEASE of 10 years 7.5% rent ratio

A GOOD FRIENDLY FAMILY & LOCALS PUB OFFERED AT A MOST REALISTIC ASKING PRICE OF £139,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.
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LOCATION (MK3 5JB)
This most exceptional business holds a strong position at the cross roads of Buckingham Road and Shenley Road B4034 close to Bletchley Rail Station opposite a busy Tesco Express with traditional retailers and a mix of mature and new build quality residential housing. The history of Bletchley carries back over 1,000 years however is best known for the WW11 “STATION X” , Bletchley Park codes and cipher centre ,home of The Enigma Machine and Churchill’s Secret Intelligence H/Q. The town has a multitude of leisure activity with the likes of the Blue Lagoon Nature Reserve, canals , rivers, leisure centres etc. Lying to the southern edge of MILTON KEYNES and close to J’s 13 & 14 of the M1 with Luton Airport close by makes this a superb location for commuting to the City of London and the Home Counties.

PROPERTY DESCRIPTION
The property is completely detached and of brick construction under pitched roofs. The business trades as a family friendly locals pub with an element of “destination” trade within a modern environment with bright airy public areas having a low profile sporting theme. MAIN LOUNGE BAR (60+ standing) has a mixture of fitted perimeter seating and matching chairs to polished tables which are well suited for dinners. The floor has part carpeting with stripped timber floors used for entertainment. There are TV screens around the bar along with some fitted DJ equipment. A raised area provides the facility of a pool table and other pub games such as darts is encouraged. The overall sporting theme follows through with the pub being a favoured meeting place for the “DONS FOOTBALL CLUB” and the away teams. CHILDRENS ROOM ( 30+) has professionally fitted play frames etc for family use and also leads straight out onto the pubs garden area. The area has its own TOILETS with further LADIES, GENTS & DISABLED facilities available in the main bar. BEER CELLAR is “roll in” on the ground floor. CATERING KITCHEN is fitted with commercial units.


OWNERS ACCOMMODATION
Located to the 1st floor comprises of 3 good bedrooms, living room, kitchen and family bathroom.


EXTERNALS
The business has parking available for circa 60 vehicles. The PUB BEER GARDEN (100) is grassed and has family play equipment installed. This is a real boon to the business and a very popular and well used feature.

PREMISES LICENSES
We are advised that the business currently trades on hours of 11am till 12 midnight all week. A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses

TENURE
We are instructed to offer this business as a LEASE ASSIGNMENT of 10 years commencing 2006 from Enterprise Inns and has full Landlord & Tenant Act protection being fully renewable at its end at no further cost. The lease is PARTIALLY TIED with the freedom to buy all Wines, Spirits and Minerals from any supplier. Current rent payable is an affordable £34,000 and set until 2011.

SERVICES
We are advised that the business benefits from connected mains, and central heating by GAS. Business rates payable are £10,000 p.a.

THE BUSINESS
The business has been owned by our clients for around 2 years however due to consolidation of their business interests have decided to offer the business for assignment. The business was originally operated under management however our clients have taken over the day to day running and developed sales up to (and growing) £534,838 inc vat being 91% Wet driven. Food has recently been introduced to the business and developing in line with other sales. Wet GP shows 51% and you would expect a yield to sales of around 20% for this style of business in this location. The profitability of the business can be measured by deducting reasonable expenses from the Gross Profit generated i.e. £227,325 which could easily be close to £100,000 dependent on how a new operator chooses to run the business.

THIS IS A RARE OPPORTUNITY TO ACQUIRE A HIGHLY DESIRABLE BUSINESS AND HOME WITHIN A HIGHLY REGARDED LOCALE – A MUST FOR A VIEWING EARLY