Asking price: £35,000

Sales revenue: £208,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales have been instructed to offer for sale this long established public house with significant potential.

It has been in the current vendors hands for many years and is offered for sale due to retirement.

There are 2 separate bars which have been decorated in a traditional style.

The premises benefits greatly from the external seating area which has been fully decked out and gas heaters installed.

There is huge scope and potential to offer food, as the current vendor has no menu.

This public house benefits from being free of tie on all drinks except barrelled/Bottled beer and lager. Also free of tie are all gaming machines.

ref:8130CV

Trading hours: Mon – Thurs: 11.00am – midnight

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 11 years Remaining lease: 11 Years Review every: 5 years Business Rent: £21,000 per annum Accommodation rent: £5,000 per annumWe are advised that the annual business rates are currently: £580 per month & the rates for the flat are £80 per month. A new lease has just been negotiated with a fixed rent for 6 years

Living accomodation
BUSINESS PREMISES Spacious family accommodation with 2/3 bedrooms, lounge, kitchen and bathroom. Ground Floor . Main door through to 2 bars . Lounge area with entrance to toilets . Public bar area with fruit machine and sky television . Ladies & gents toilets . Outside cellar and storeroom . Access to accommodation First Floor . Spacious living accommodation . Landing to kitchen and leading into lounge . 2 large double bedrooms . Large office . Family bathroom External . Side door for access

Location
The business occupies a prominent position on a busy main road with a high volume of passing traffic. There are excellent parking facilities with a large customer car park.

Situated in Kenilworth, the business is located within a densely populated area with easy to the A46 and M69 motorway.

Financing available
Please let us know if you require finance for the purchase of this business.

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