Financial Details
Asking price: £139,950
Sales revenue: £208,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
HISTORY

• Licensed premises for over 30 years
• Purchased by vendor 5 years ago
• Significant investment in infrastructure undertaken
• Entertainments license acquired
• Food sales significantly developed

REASON FOR SALE

• Alternative business priorities

PRODUCTS

• Full range of alcoholic beverages with 3 lagers regularly on tap
• Wines and spirits
• Soft drinks and non alcoholic beverages
• Traditional English pub food
• Sandwiches and baguettes
• Sunday roasts
• Regular live music
• Karaoke evenings held
• Thriving games teams
• Jukebox and gaming machines on site
• Barbecues

CUSTOMERS

• Good mix of locals and visitors
• Large volumes of trade from hotels locally
• Contractors
• Wet/dry split approximately 80%/20%
• Food sales increasing with Sunday roasts especially popular

SUPPLIERS

• Free of tie
• Beers wines and spirits sourced competitively from a variety of sources
• Food sourced locally

STRENGTHS

• Superb location combining regular trade with that from 2 large airport hotels
• No immediate investment required
• Interior and exterior seating
• Well known licensed venue
• Reputation for karaoke and live entertainment with full licences held
• Free of tie

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Employees:• Run by vendor on day to day basis • Part time assistance from his wife and daughter • One employed part time staff member
Trading hours:• Mon to Sat: Noon to Midnight • Sun: Noon to 11pm Entertainments licence: • Mon to Thurs: 6pm to 11pm • Fri and Sat: Noon to Midnight
Property:Leasehold
Lease terms:• Leasehold • Original Lease: 20 years • Lease Remaining: 14 years • Rent: £16,000 per annum • Rates: £135 per month
Location:• Prominently sited close to two large hotels serving London Heathrow airport
• Positioned within densely populated London suburb
• Patio seating to front
• Near to proposed site of Terminal 3 extension
Premises Details:• An established lock up licensed premises with electric shutters
• Bar area with flexible seating for up to 60
• Bar counter with Mediterranean theme
• Kitchen
• Ladies and gents WCs
• Cellar and store
• Games machine
• Fruit machine
• Jukebox
• 6 televisions with Sky Sports
• 2 fridges
• 2 freezers
• 6 burner hob
• 4 drinks fridges
• CCTV with monitor and hard drive
• Alarmed bar with steel shutters
• Pavement seating to front with awning
Expansion potential:• Development of food sales • Introduction of new menu possibly with themed evenings • Business from contractors during the Terminal 3 development • Business development activity with local advertising
Related documents:PDF document iconDocument

Advert Options