Summary
- Asking price:
-
£70,000
- Sales revenue:
- £160,000
- Net profit:
- £35,000
- Years established:
- 100+
- Employees:
- 4
Business description
This characterful pub has beams and open fires, extensive lawned trad areas, ample car parking and a comfortable 3 bedroom home. The business is very nicely presented and there is a warm ambience throughout.
Property information
- Property:
- Leasehold
- Lease terms:
- 20 year Punch Lease from August 2006, FRI, part-tied, current rent £31,000 linked to RPI and reviewed every 5 years
- Living accommodation:
- Three bedrooms, Lounge, Family Bathroom
- Location:
- The Crown Inn is a detached Grade II Listed property prominently situated on a large corner site in the centre of the affluent village of Hunsdon in Hertfordshire, on the B180 which connects Hertford with Bishop's Stortford.
Other information
- Expansion potential:
- The main opportunity is to expand the catering and this business would suit a chef and partner looking to set out on their own account. There are endless possibilities including utilising the attractive and extensive outside facilities.
- Competition / Market:
- There is one other pub in the village which is operated as a fine-dinig venue but there is room for a quality pub food operation as our clients have not developed the catering side of the business.
- Support & training:
- The lessees would help as much as required between exchange of contracts and completion
- Reasons for selling:
- Need a change of life-style
- Trading hours:
- Mon-Wed: 11am-11pm; Thurs-Sat: 11am-Midnight; Sun: 12-10.30pm
- Financing available:
- Our brokers will be pleased to discuss financing this purchase
- Inventory / Stock value:
- £3,500