Summary
- Asking price:
-
< £200k
- Sales revenue:
- £200k < 500k
- Net profit:
- < £100k
- Years established:
- 300
- Employees:
- 100
Business description
Our client operates 100 pubs in glorious Devon most of which are tenanted or leased and a few others managed. Most vacant units are around the Exeter area and are well maintained offering excellent prospects for enthusiastic couples who wish to build a business with the support of a PLC. Our client will offer suitable applicants a new agreement to run the business and they are especially interested in attracting couples who have a flair for catering.
Property information
- Lease terms:
- The company has around 100 pubs and several operating agreements which can be offered according to the experience and financial status of the applicants. There may be an opportunity to introduce financial assistance to exceptional operators who do not have the necessary funds to proceed (ave. requirement 25K). There are also some vacancies for management couples in the larger outlets which are situated around Exeter some in holiday resorts.
- Living accommodation:
- All the pubs have living accommodation available
- Location:
- Pubs are community houses, village locals with restaurants and food destination units.
Other information
- Expansion potential:
- There are opportunities within most of the pubs to expand the food trade and in some cases there are letting rooms.
- Competition / Market:
- There are numerous competitors around this part of Devon but our client's pubs are exceptional
- Support & training:
- Our client offers a full training programme for suitable applicants
- Reasons for selling:
- N/A
- Trading hours:
- Variable
- Financing available:
- Our broker will be pleased to discuss funding
- Furniture / Fixtures value:
- £10,000
- Inventory / Stock value:
- £3,000