Leasehold Gloucestershire Public House For Sale

Business description

The particular highlights of the business are:
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
•Turnover in excess of £260,000 with a net profit of £60,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because of workload and time constraints. .
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Agents are delighted to place onto the market this public house which has been established for over 10 years. The business has been in the hands of the current owner for 10 minths and she now wish to sell due to personal reasons.

This very good business opportunity provides food, drinks and snacks to its clientèle.

The concern employs two full-time members of staff as well as three part-time members.

The owners’ role is very hands on and she works full time.

The owner markets the business in local publications such as The Citizen and MCN etc and has a website.
As far as competition is concerned there are a few other public houses in the area but some DO NOT allow children, dogs, workers etc.

The client base consists of all ages above 18 years as well as all types and backgrounds.

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.
• With an enhanced website.
• Potential to extend the property to the rear.
• Increase opening hours.
• Rent out accommodation.
• Host business meals as well as conferences.
• Run a training centre for the brewery.
• Operate a taxi service from the large car park on-site.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The turnover for 2008 was £260,000 with a net profit of £60,000.The potential turnover of the business within the next 2 years is forecast to reach £300,000+ 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 Phoenix 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. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 10 years with 9 years remaining. The rent is £23,000 with a review in the 5th year. There are currently no business rates to be paid for the business.

Living accommodation:

First Floor On the first floor there is a flat with three bedrooms and a large bathroom. External To the front there is a main arterial road enjoying much traffic flow. To the rear and the side are external seating area's backing onto open fields

Location:

This superb business opportunity is situated in the village of Red Marley in the County of Gloucestershire .It is on a main arterial road and enjoys much traffic flow. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.

The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers nearby.

The location is well linked with the A417 providing links to the M50 and M5. The business has clientele from a 30 mile radius. The locale offers a good lifestyle opportunity.

Premises details:

The property is a large detached property with large concrete parking area adjacent. The front has rendered elevations with a small seating area. The main customer service area is carpeted with a wrap around style bar in the middle of the sales area and seating/tables located around the edges and against the walls. It is very well presented and is very conveniently laid out.

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.
• With an enhanced website.
• Potential to extend the property to the rear.
• Increase opening hours.
• Rent out accommodation.
• Host business meals as well as conferences.
• Run a training centre for the brewery.
• Operate a taxi service from the large car park on-site.

Competition / Market:

As far as competition is concerned there are a few other public houses in the area but some DO NOT allow children, dogs, workers etc.

Reasons for selling:

Owner wishes to sell due to personal reasons.

Trading hours:

The business operates on Monday from 4:00pm – 10:30pm, Tuesday to Thursday between 11:30am – 2:30pm & 4:30pm – 10:30pm, Friday and Saturdays 11:30am – 11:30pm and Sundays 11:30am – 10:30pm.

Employees:

The concern employs two full-time members of staff as well as three part-time members.

Years established:

Over 10 years

Other information

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.