Profitable Leasehold Pub In An Affluent Surrey Location For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £320,000 pa with a net profit of £30,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- An ideal purchase for a husband and wife team, ideally with one member of the team being a chef
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a local pub service in a recently renovated and relaxing atmosphere. A service split by 90% wet and 10% dry.

History
Agents are delighted to place onto the market this profitable leasehold pub which has been established since 1896. The business has been in the hands of the current owners since 2010, who have renovated and regenerated this pub to a well established local.

Services
This very good business opportunity provides a local pub service in a recently renovated and relaxing atmosphere. A service split by 90% wet and 10% dry.

Staffing
The concern employs 1 full-time and 2 part-time staff. The wages are £7.00 ph.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business via Facebook.

Competition
As far as competition is concerned there is another similar business one mile away.

Market
The client base consists of local residents with good volumes of 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.
• There is massive potential for a husband and wife team, one being a qualified chef, to develop the food side of this business for both lunch time and evening service.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Financial Details
The present annual turnover is £329,000 with a gross profit of £172,000 and a net profit of £30,000. The wages are £7.00 ph.
The potential turnover of the business within the next 2 years is forecast to reach £450,000 pa 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 we 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. We 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 us 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:

Leasehold

Lease terms:

The original length of the lease was 25 years with 12 years remaining. The rent is £32,000 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £1,666.

Leasehold rent:

£32,000 per annum

Living accommodation:

On the first and second floors there is a spacious 3 bedroom apartment including living room, kitchen, bathroom and a 4th single bedroom currently used as an office.

Location:

- Situated in the Shottermill area of Haslemere in Surrey.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A287, A286 and the A3.
- Hindhead, Liphook and Godalming all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is detached. The front is branded with an attractive presentation. There is a new CCTV system. The main customer service area is wooden. It is very well presented and is very conveniently laid out, with 2 Televisions, and Sky Sports.

The pub has 40 to 50 covers internally and an additional 30 covers in the rear garden. The customer service point is to the rear. There are customer toilets.

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.
• There is massive potential for a husband and wife team, one being a qualified chef, to develop the food side of this business for both lunch time and evening service.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there is another similar business one mile away.

Reasons for selling:

they now wish to sell due to other business interests.

Trading hours:

Monday to Thursday: 12noon – 11pm
Friday to Saturday: 12noon – 12am
Sunday: 12noon – 10pm

Employees:

The concern employs 1 full-time and 2 part-time staff. The wages are £7.00 ph.

Years established:

established since 1896

Other information

Furniture / Fixtures value:

£30,000 (included in the asking price)