Highwayman S&N Lease For Sale

Business description

Key Features
Located on the busy A420
Refurbishment internally & externally planned for 2008
Catering kitchen on ground floor
Skittle alley
Beer garden with smoking solution



The Highwayman is a single bar operation located on the busy A420 just outside Kingswood. The pub will benefit from an internal and external refurbishment scheme planned for 2008 and this will aim to retain the traditional pub feel. The Highwayman has a well appointed catering kitchen, which will be a key business driver once the pub is refurbished.

The living accommodation at the Highwayman has three bedrooms, lounge, kitchen, bathroom and garage.

The fair maintainable turnover of this business is estimated at £180,000 pa (exclusive of VAT), based on current trading conditions. This estimate is subject to there being no substantial future changes to the trading conditions affecting the business. Prospective lessees must satisfy themselves as to the sustainability of the trade and this should be reflected in the Business Plan.

The current rateable value of the business is £18,500 with rates payable at 44.5p in the £. Rates payable = £8,233. This does not take account of any applicable transitional relief and the figures are quoted for the purpose of business planning only.

The annual volume purchases from S&N as at December 2007

> Beer – 102 Barrels
> Cider – 38 Barrels
(1 barrel = 36 gallons)

GENERAL INFORMATION

About S & N Pub Enterprises

Scottish & Newcastle Pub Enterprises is the leased pub division of Scottish & Newcastle UK and operates over 2000 pubs in partnership with individual business people throughout the UK. S&N Pub Enterprises is recognised as being the leased pub company of choice, with a huge variety of pubs in some of the best possible locations. We manage pubs on behalf of a number of leading financial partners, all of whom leave it to us to develop the pubs in conjunction with our lessees. Our pubs are supported by capital investment of over £10m each year that sustains and grows our lessees' businesses.

Superb Brands

Scottish & Newcastle are the number one drinks business in the UK, and offer our lessees a range of brands that is second to none. This includes not just some of the best known national brands, but also regional favourites as well as winning brands from other S&N companies around the world. We are able to supply a range of beers, ciders, and soft drinks, as well as a core range of wines and spirits. Every year S&N invests heavily to build its brands and make them the brands that pub customers will want to drink. It also invests in creating new brands that can help build additional sales.

Property information

Property:

Leasehold

Living accommodation:

The living accommodation at the Highwayman has three bedrooms, lounge, kitchen, bathroom and garage.