Advert Details

Advert Ref: 1287

The Star Caversham Reading Enterprise Lease For Sale

Details: Asking price:£95,000; Sales revenue:< £200k; Net profit:< £100k; Fixtures value:Undisclosed; 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.

General information: 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.