The Star Caversham Reading Enterprise Lease For Sale - Caversham, Berkshire, United Kingdom

Asking price: £95,000

Inventory value: £3,000

Business description: Substantial, well-established community pub in prominent location in Caversham RG4 5BB. Very large bar with games areas. Trade garden and ample parking. 4 bed owners accommodation newly refurbished.

Years established: 80

Employees: 5

Trading hours: Sun-Thurs: 12-11pm; Fri-Sat: 12-Midnight

Property : Leasehold

Lease terms: 20 year Enterprise Inns FRI Lease with 14 years to run, current rent £28,000 pa part-tied.

Living accomodation: 4 bedrooms, living room, kitchen, bathroom, separate WC, office. All in prestine condition.

Location: The Star is prominently positioned in Southey Avenue which is on the main radial route into Reading. The pub is brick-built and in good order throughout.

Expansion potential: The current lessee has decided to leave for personal reasons and has not operated the business to its true potential. There is an opportunity for an energetic hands-on lessee to establish him/herself as the focal point of the community and to take the pub back to its previous trading levels of 300K and beyond.

Competition / Market: There are plenty of pubs in the area but the Star offers more than most with its open plan bar providing multiple sporting facilities.

Support & training: The lesee will give as much help as required between exchange of contracts and completion

Reasons for selling: Personal reasons

Financing available? Our brokers will be pleased to discuss funding this pubco lease acquisition.