Upmarket Berkshire Public House And 66 Cover Restaurant For Sale

Business description

HISTORY

• Originally founded over 100 years ago as a public house, the focus of the business has been developed over the last 4 years ago and now is not only the hub of the local community but also an established dining destination.
• The emphasis now quite clearly is as a dining destination with over 70% of trade now food related

REASON FOR SALE

• The vendors are only now reluctantly offering the business for sale to enable them to concentrate on their other restaurant

PRODUCTS

• Approximately 70% of turnover is food sales and approximately 30% is wet sales with a large proportion of this as wines with the meals
• The business is fully tied on beers, lagers, cider and wine

CUSTOMERS

• Customers are mostly from the local village and those surrounding it, although many travel from further afield who are attracted by its excellent reputation and geographical area.


STRENGTHS

• An extremely well established business which has been transformed into a thriving village pub by the current owners
• Excellent high visibility location in the heart of a very affluent area
• The nearest competition is over 3 miles away
• Outstanding customer reputation with a loyal and regular clientele
• Net annual sales of circa £483,000 with an average gross profit of 58%
• Good support from a reputable brewery










DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

• Leasehold
• Original Lease: 10 years
• Remaining Lease: 4 years
• Review every: 5 years
• Rent: £36,000 per annum
• Rates: £5,000 per annum

Living accommodation:

• Stairs to first floor with 4 double bedrooms, living room, bathroom with shower over bath

Location:

• The business has an unopposed location in the heart of a very affluent village in Berkshire.

Premises details:

• Front entry via lobby into the bar area
• Original wooden floor with circa 10 covers, side flagstone flooring with approximately 18 covers
• Main restaurant with a further 26 covers
• Rear male and female W/Cs
• Snug area with 12 seating area
• Side exit to garden area
• Through from restaurant to commercial kitchen, prep room, stores, cellar and laundry room
• The kitchen etc is fully fitted for purpose and includes:
• 6 ring gas burner with ovens under and extraction over
• Griddle, twin deep fat fryer
• 3 under counter fridges

• Commercial microwave,
• Commercial dish washer, range of stainless steel work units
• 2 under counter freezers
• Stainless steel hand wash sink
• Double sink with side drainers
• Storage racking
• 60 / 40 and a 50 / 50 fridge freezers
• 1 chest and 1 upright freezer
• Cellar with wine rack and barrel storage
• Stairs to first floor with 4 double bedrooms, living room and bathroom with shower over bath
• Rear garden with children’s climbing frame, slide and benches
• The premises are fully alarmed and also benefit from having its own spacious car park
• The premises are also extremely well presented throughout

Business Operation

Expansion potential:

• Developing its own web site
• Have themed event nights
• A new owner could live on site
• Opportunity to reduce many outgoings which have developed from running multiple sites.

Trading hours:

Pub
• Monday to Sunday from 12 noon to 12 midnight
• Fri & Sat: 12 midday to 1am
• Sunday: 12 midday to 11pm

Licence
• Mon – Thurs: 12 midday to 12 midnight

Restaurant
• Monday to Sunday from 12 noon to 3pm & from 6pm to 9:30pm (for last orders)

Employees:

• 3 full time chefs • 2 full time front of house, • 2 part time waitresses at approximately 20 hours per week each.

Other information

Related documents:

• 
• Sales particulars

• 
• EPC