Freehold Period Freehouse In Finedon Northamptonshire For Sale

Business description

The particular highlights of the business are:
- An exceptional freehold investment.
- Ideally located concern offering excellent lifestyle.
- High quality period premise.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £125,000 with a net profit of £30,000 (see financial summary below).
- A business with great potential which has not been exploited because the owners wish to retire.
- An easily run operation.

History
Phoenix Business Transfer Agents are delighted to place onto the market this freehold pub and restaurant with accommodation which has been established since 1042. The business has been in the hands of the current owner since 1969 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides a free of tie pub with some food although this is limited.

Staffing
The concern employs 5 part time bar staff. All staff would stay on after a sale.

Owners Role
The owner works full time in the business.


Marketing
No marketing is done for the business.

Competition
As far as competition is concerned there is one other pub in the village.

Market
The client base consists of locals and some passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include afternoons.
• There is planning for a motel on the premises and the bedrooms could be utilized for bed and breakfast.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present turnover is £125,000 per annum with a gross profit of 60% and a net profit of £30,000. The potential turnover of the business within the next 2 years is forecast to reach £250,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Freehold

Living accommodation:

On the first floor there are 7 bed rooms over 2 floors with a lounge and a separate kitchen and bathroom.

Location:

- Situated in Village of Finedon in Northamptonshire.
- Prominent location on main arterial road.
- Spectacular period building on 1 acre including separate 3 bedroom house.
- 2 large car parks.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of affluent locals.
- Area offers exceptional lifestyle.
- Good tourist trade.
- High levels of passing trade.

Premises details:

This beautiful period property has to be viewed. It is detached and has 2 car parks. There is a lounge and further bar area with a large restaurant. The cellar is to the lower level and there is a spacious kitchen. There is also a function room.

There is a separate 3 bedroom house and a double garage.

The property has many period features.

First Floor
On the first floor there are 7 bed rooms over 2 floors with a lounge and a separate kitchen and bathroom.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include afternoons.
• There is planning for a motel on the premises and the bedrooms could be utilized for bed and breakfast.

Competition / Market:

As far as competition is concerned there is one other pub in the village.

Reasons for selling:

he now wishes to sell due to retirement.

Trading hours:

Monday to Thursday: Noon to 2.30 pm
Monday to Saturday: 5.30 pm to 11.00 pm.

Employees:

The concern employs 5 part time bar staff. All staff would stay on after a sale.

Years established:

969 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£30,000