Advent Business Sales - Free Of Tie Upmarket Pub & Restaurant For Sale

Financial Details: Asking price: £350,000; Sales revenue: £586,400; Net profit: Undisclosed; Fixtures value: Undisclosed; Stock value: Undisclosed

Business Description: Advent Business Sales are delighted to offer to the market this exceptionally well established and profitable public house which is free of tie.

The pub, which dates back to 1850, has been in the hands of our vendors for over 3 years and is only now being reluctantly offered for sale as they wish to pursue a less busy alternative business venture.

The business has an 85 cover restaurant and offers an extensive menu, which reflects the exclusive location of its premises.

Net turnover is approximately £13,000 per week with a 75% / 25% split dry/wet. Included within the sales is approx £1,500 per week letting income from the 9 en-suite rooms available. Prices range from £50 for a single to £70 for a double and £110 for a family room. Gross profit averages almost 60%.

We are advised that stock at cost is approx £10,000.
REF: 9266RG

General Information: Employees:The business employs 5 full time staff including the 2 vendors and 3 part time. In addition, they have another 7 part time they can call upon if they are needed; Trading hours:Mon-Sat: 12 – 3pm & 5.30 – 11pm Sun: 12 – 6pm – closed evenings; Property:Leasehold; Lease terms:TENURE: Leasehold Original lease: 20 years Remaining lease: 17 years Review every: 3 years Rent: £50,000 P.A. We are advised that the annual business rates are currently: £13,000; Living accomodation:Ground Floor with private accommodation • Lounge • Kitchen • Bathroom • Dining room • Double bedroom • Manager’s bedroom which is en-uite; Location:The public house and restaurant are ideally located on the very busy A4, which is a feeder road to the A40 and M4 motorway.

The area is predominately residential and is considered to be very affluent and upmarket. Nearby towns include Henley on Thames, Maidenhead, Windsor, Ascot and Marlow.

The business has its own large car park, which has approximately 50 spaces.; Expansion potential:Although our clients clearly have a successful and profitable public house, there is still excellent further potential including: 1. Advertising – they do none at the moment 2. Open all day and on a Sunday evening – this clearly offers huge scope, particularly on Sunday evenings 3. There is scope to increase the living accommodation if required if purchased by a family; Related documents:Document

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