Immaculately Presented And Decievingly Spacious Inn For Sale

Business description

IMMACULATELY PRESENTED AND DECIEVINGLY SPACIOUS INN SITUATED WITHIN THE THRIVING SUBURB OF ST GEORGE, BRISTOL




Well located close to all the amenities within St George in the vibrant city of Bristol.
Traditional and well presented lounge bar (circa 35) with bar servery and tiled flooring.
Recently refurbished dining area (circa 40) with a bar servery, carpets and new furnishings.
Mature beer garden and heated terrace area for approx 50 with smoking solution.
Superb 2 bedroom living accommodation with fitted kitchen, lounge and bathroom.
Turnover for year ending 03/08 is £150,000(inc) with split of 75/25 in favour of wet.
3 years remaining on renewable Enterprise Inns Lease with a favourable rent of only £22,000.


GOOD QUALITY COMMUNITY LED BUSINESS IN EXCELLENT CONDITION OFFERING FURTHER SCOPE.


ASKING PRICE £47,500 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This immaculately presented property is located on Pile Marsh, St George, Bristol within close vicinity of all the main amenities.

The St George district of Bristol was originally outside the city boundary but is now a busy suburb of the city with many new houses and apartments being developed, along with good schooling and local amenities.

Bristol City Centre has become a vibrant and buzzing city with the huge development around the docks and marina, the international airport and superb road links to London (M4), Birmingham (M5) and the South West (M5).

THE PROPERTY

This substantial inn is an attractive and impressive 2-storey property of brick construction under a pitched, tiled roof occupying a superb prominent location.



The Lounge Bar (circa 35) is a well presented and very traditional bar with tiled flooring, lovely bar servery, wood panelling, wooden furnishings and a t.v. This area has recently been redecorated to a high standard and is being offered in excellent condition. This bar is home to 2 darts teams and a crib team.

The Dining Area (circa 40) is a pleasant room offering a warm and friendly feel. The area benefits from a bar servery, carpeted flooring and new furnishings throughout.

Ladies and Gents W.C's.

Lower Ground Floor Cellar accessed from behind the bar with pumps, racks, python system and coolers and lockable bottle store.



Fully equipped and spacious Commercial Kitchen with stainless steel appliances (not tested) and further freezer rooms and access to storage sheds to the rear.

OWNERS ACCOMMODATION

Situated on the first floor and briefly comprises: 2 double bedrooms, lounge, fully fitted kitchen and bathroom all in very good decorative condition.

EXTERNAL

To the rear of the property is a terrace/patio area offering a smoking area and seating for approximately 20.

Furthermore to the rear is a mature beer garden offering seating for a further 30.

TRADING AND LICENSING

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun - Thurs 10.00am - 11.30pm

Fri - Sat 10.00am - Midnight

Current opening hours:

Mon - Sat Midday - 11.00pm

Sunday Midday - 10.30pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 3 years remaining of the original Enterprise Inns full repairing and insuring, renewable agreement. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord and Tenant Act 1954.

We are informed that the rent is currently a very favourable £22k per annum with the next rent review due in 2011. We are informed that the business is tied for all wet products. We are advised that the inn benefits from all mains services and gas central heating (no services seen or tested). Business rates are advised as currently being £1,000 per annum.

THE BUSINESS

The current owners took over this well established business in 2005 as a family concern. The vendor client is offering this business in excellent order throughout and have decided after a successful and enjoyable period to enjoy semi retirement.

This offers a good opportunity for owner operators to continue with the current reputation along with introducing further food, which can increase turnover and gross profit.

Current sales are circa £150,000 (inc vat) with a trade split of 75% wet and 25% food.

The price reflects the current trading trend and is an ideal opportunity to increase the value.

We calculate the reconstituted net profits (i.e adding back managers costs, finance costs, depreciation and other expenses) of a circa £25,000.

The asking price reflects the location and the current trading foundation.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Leasehold