Public House For Sale

Business description

We are delighted to offer for sale this well established and highly successful public house that has been established since 1859, and has been in the careful ownership of our client since 2005. The public house has seen year on year growth since it was taken over, and now benefits from a high level of repeat business and a loyal local trade. The pub itself is very spacious and benefits from a small yard to the rear of the premises, this has become priceless with the new smoking ban coming into force. There is also the benefit of a two bedroom flat ideal for owners' accommodation, or as a secondary rental income. The public house enjoys an impressive turnover of approximately £8,000 per week, with a gross profit in the region of 60%. We feel these figures could be easily increased by investing further in advertising and concentrating more heavily on food sales. This is an excellent opportunity for a new owner to build upon, and early viewing is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 25 years
Remaining length: 23 years
Review every: 5 years
Rent: £43,562 per annum

Living accommodation:

Ground Floor • Spacious central bar • 13 points of dispense • 5 drinks refrigerators • Ice machine • Glass washer • Tables and seating for 80 covers • High standard of fixtures and fittings throughout • Fully fitted commercial kitchen • 3 gaming machines • Cigarette machine • Plasma television First Floor • Domestic kitchen • 2 bedroom flat External • External tables and chairs for 20 covers

Location:

This public house enjoys a prominent location in the heart of South Croydon. The area is predominantly residential and densely populated. This has a positive effect on the amount of passing and local trade. South Croydon and the surrounding areas have seen great change over the past 10 years and are now sought after areas in which to both work and live, especially amongst young professionals and families, due in part to the ease of access into central London. The business has good public transport links with a selection of bus services right outside the business and both Purley Oaks and Sanderstead Railway Station within easy walking distance. The business is also easily accessible via road lying just to the east
of the A23 and just south of the A232. The business further benefits from easy parking on the surrounding roads.

Other information

Trading hours:

7 days a week