Freehold Leasehold Public House For Sale

Business description

Advent Business Sales are pleased to have been instructed to offer for sale this extremely well established and profitable freehold public house, with excellent future potential.

Originally purchased by its current owner 19 years ago, it is now reluctantly being offered to the market as the vendor is planning to emigrate.

This public house currently operates 100% wet sales trade, although there is a good sized kitchen to the rear of the premises.

This attractive and well decorated premises also benefits from spacious family living accommodation including 3 bedrooms (2 double and 1 single), shower room, lounge and roof terrace.

ref:8472RG

Property information

Property:

Freehold

Lease terms:

TENURE: Freehold/Leasehold
Lease to be negotiated
Rent: £30,000
Leasehold Price £125,000 + SAV
We are advised that the annual business rates are currently: £6,870

Living accommodation:

BUSINESS PREMISES A detached two storey premises, decorated to a high standard and consisting of the following: Ground Floor - Central bar area with seating and tables - Pool table area, access from front of premises plus side door leading to large decked patio seating area with parasols - Commercial kitchen with fridge, freezer, 6 ring gas cooker, dishwasher, deep fat fryer, grill and hot plate - Door at rear of bar to stairs to first floor First Floor - Family living accommodation with 3 bedrooms (2 double and 1 single), shower room with w/c, lounge and large roof terrace External - Car park with space for up to 12 cars

Location:

Situated in the picturesque village of Mortimer, which is located just a few miles from Reading in Berkshire. The area benefits from low unemployment and high average wages due to the large number of employers locally attractive by the excellent road links along the M4 corridor.

Reading itself has a main line rail service to central London and a journey time of approximately 30 minutes, which therefore supports a sizeable commuting population.

Business Operation

Expansion potential:

While already a successful business, this public house offers excellent potential for growth by utilising the good commercial kitchen and turning part of the public house into a restaurant, which should be popular as the village is a very affluent area.

Entertainment is at present only two or three times a year, there must be good scope to increase trade by putting it on more frequently.

Trading hours:

Mon – Thurs: 12.00pm – Midnight, Fri – Sat: 12.00 – 1.00pm, Sun: 12.00 – 11.00pm

Employees:

The business is currently staffed by the vendors plus 1 full time and 2 part time staff.

Years established:

19 years

Other information

Financing available:

Please let us know if you require finance for the purchase of a business.

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