Asking price: £145,000

Sales revenue: £200k < 500k

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
- This is a very well known & very busy destination local pub.
- High sales. 6 bedroom accommodation available. 10 year Punch Growth Lease.
- A great opportunity to grow this business even further.
- Beer Discounts Available

Price Reduced to £145,000 for a quick sale due to new business commitments.
The John Gregory is situated just over a mile to the north west of Weymouth town centre in the Southill area very close to Weymouth football club. Where the B3157, Granby Way, meets the A354 take the turning for Field Barn Drive which will then lead onto Radipole Lane. Although situated in a residential area there is also a large, fast expanding industrial park nearby.

TRADING AREAS:
- Restaurant/Lounge; A large dining area with an existing 92 covers. The room can also be arranged to take private functions.
- Bar; Good sized bar area, 4 darts teams, 1 crib team, karaoke band every six weeks.
- Conservatory can also be used for private functions.
- Kitchen; Well equipped and good sized commercial kitchen.
- Cellar; Good sized well equipped ground floor cellar.
- External; Trading areas to front and side of the property with picnic tables. Under cover smoking area.
- Plenty of local parking.
- Private; 6 bedrooms, lounge, kitchen, office

CURRENT TRADE:
Sales for 2006 in excess of £430k excluding vat. Awaiting 2007 accounts.

ESTIMATED INGOING:
- Lease & Goodwill £145,000 or sensible Offer + Stock at Valuation
- Price Reduced due to new Business Commitments

TYPE OF AGREEMENT:
- 10 year Punch Growth lease, commenced 2003. Landlord tenant protected, renewable.
- Rent advised at £49,396k per annum. 5 year reviews
- Beer discounts
- Free of tie wines, spirits, soft drinks.

SUMMARY:
This is a great opportunity to take this business to its next stage. It already benefits from very high sales and has the potential to grow even more. There is a large investment going into the area with a significant growth expected in the immediate customer base. Although not investigated properly there may be an opportunity for letting bedrooms.

Property: Leasehold

Lease terms
10 year Punch Growth lease, commenced 2003. Landlord tenant protected, renewable. 5 year reviews Beer discounts Free of tie wines, spirits, soft drinks.

Living accomodation
6 bedrooms, lounge, kitchen, office

Location
The John Gregory is situated just over a mile to the north west of Weymouth town centre in the Southill area very close to Weymouth football club. Where the B3157, Granby Way, meets the A354 take the turning for Field Barn Drive which will then lead onto Radipole Lane. Although situated in a residential area there is also a large, fast expanding industrial park nearby.

Related documents

		John Gregory Sales Details

		Zipfile with Photos and Sales Details