Financial Details
Asking price: £97,950
Sales revenue: £273,900
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales is pleased to offer to the market, this extremely well established public house and restaurant which has been trading successfully since the late 1800’s.

The current vendor has been in ownership for the last 20 years and is reluctantly selling due to retirement plans.

Customers tend to be local, but there is a large draw from many of the surrounding villages and towns up to a 15mile radius.

The pub is well recognised for its offer of real Ale and always has a guest beer on pump.

There are 2 dominoes team, 2 patanque teams having its own patanque piste. This game is so popular that several of the players are of county standard, in fact, the 2 teams are among the top teams in both first and second division. Saturday night is live music in the bar.

The pub restaurant which has a fully equipped commercial kitchen offers A La Carte menu suitable for all tastes with offers available during the week.

The pub is 70/30 wet/dry split with above average gross profits due to the pub being tied only to beers, lagers and bottled beers.

The décor is excellent, with even carpeting into the W/C, well lit and tastefully presented.

The vendors are willing to provide a handover period if needed.

Planning has been granted for the development of 177 new houses to be built circa 200 yards from the pub which will increase trade further.
REF: 9388LE



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 Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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
Years established:Est 1800's
Employees:The business is staffed by 2 full time and 6 part timers as and when required.
Trading hours:Mon - Fri: 11.30am – 3.00pm & 5.30pm - late Sat-Sun: All day opening
Property:Leasehold
Lease terms:TENURE: Leasehold (vanguard lease with Punch Taverns) Original lease: 10 years rollover Rent: £40,000 pa We are advised that the annual business rates are currently: £6,500
Living accomodation:Living accommodation comprising of 2 double bedrooms, bathroom & W.C kitchen and lounge Basement Well equipped Cellar with refrigeration to maintain cool temperature
Location:Our clients business is conveniently located outside the City of Leicester in a thriving village.

It s positioning is on the main road through the village and central to the main shopping area. It occupies a very prominent position and has a large car park to thee side of the pub for excess of 25 cars.

The village has a good mix of residential dwellings. It is far enough out of the city to give it immediate access to the surrounding countryside but close enough to be on a direct bus rout into town.
Premises Details:The pub is a detached property with a main front entrance to the public bar forming a double bay.

Ground Floor
• From the public bar and to the left is a doorway out to a side yard with a covered smoking area.
• The pubic bar also has a large TV and a dart board
• To the right of the bar is a doorway into to passage leading to the W/C
• Pub entrance and lounge area
• Entrance at rear of lounge to the 34 8 cover restaurant
• Entrance to the kitchen on the right
• Rear doorway into the rear yard

Basement
• Well equipped Cellar with refrigeration to maintain cool temperature

External
• A large storeroom in the rear yard
• Side of the pub is a now a store room but was used as long alley skittle room
• Rear garden containing a patanque piste
• car park for 25 cars
• Paved to the road
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