Busy Berkshire Leasehold Pub For Sale

Business description

Large busy pub in affluent town of Sandhurst for sale with 16 years remaining on fully tied lease.
Trade split - 70% Wet, 25% Food, 5% Accommodation

Property information

Property:

Leasehold

Lease terms:

Fully tied for all Drinks. Full repairing and insuring.
Rent review every 5 years.
Lease conditions include decorating inside every 3 years and outside every 5 years

Leasehold rent:

£80,000 per annum

Living accommodation:

Living accommodation has 3 bedrooms, Lounge, Kitchen, Bathroom with separate toilet. The pub office is located in the flat, but separately locked and alarmed.

Location:

Centre of small Berkshire town, with large population.
Easy access to Reading, London and M3/M4.
Diverse customer base from Families to business people, Groups of Drinkers & Diners from 18-80!!

Premises details:

Large pub with 2 Bars, one mainly for drinks, with TV and Darts, other Bar more for eating with approx 50 covers.
Huge outside decking area with seating for approx 120, with heated umbrellas. Additional seating for around 30 on garden area.
Six en-suite letting rooms in a converted stable block.
Ground level cellar and storage. Well equipped catering kitchen, with walk-in fridge & freezer. Large outside storage unit.
The premises are fully alarmed with CCTV installed.

Other information

Expansion potential:

Great potential to increase food offering and service times.
Opening hours could be increased to fully use licensed hours and apply for more temporary event notices.
Letting bedrooms could be better advertised and set up on-line booking.
New owners could take on a more hands on role to cut staff wage costs.

Planning consent:

Planning consent was achieved in 2000 to complete the letting accommodation, and in 2003 to build the decked area.

Competition / Market:

Five other pubs in a 2 mile radius. All with very different offerings, from a large chain food house to smaller managed premises or tenancies.

Support & training:

The current owners will be happy to provide support and Training. The Pub company who own the Building do have an extensive training programme, but they would expect any prospective buyer to have a personal licence an experience in the trade.

Reasons for selling:

Current owners are relocating to follow other business interests

Trading hours:

Mon- Thurs- 11am- 11pm Food served- 12-2.45-6-8.45pm
Fri-Sat- Bank holidays-11am- 11.30 pm Food served- 12-8.45pm
Sunday- 10am- 10.30pm Food served-10-6pm
Breakfast is served Daily to room guests when required and from 10am on Saturday & Sunday to all customers.

Furniture / Fixtures value:

£40,000 (included in the asking price)

Website:

www.thewellingtonarms.co.uk