Financial Details
Asking price: £35,000
Sales revenue: £332,000
Net profit: £52,000
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales is pleased to have been instructed to offer to the market this exceptionally well established and profitable public house.

Founded originally over 100 years ago and owned by the present vendors for the last 7 years the public house is only now being offered for sale due to family ill health.

Trade is almost exclusively wet and is mainly to local residents although the numbers do swell dramatically on football match nights as the public house is only approx ½ mile from the stadium.

Although trade is almost 100% wet, the pub does have a fully equipped commercial kitchen which consists of:
• 6 ring gas burner with oven under
• Steak grill
• Meat slicer
• Twin deep fat fryer
• Potato peeler
• 2 commercial microwaves
• 6 slice toaster
• Twin stainless steel sink with side drainer
• Upright freezer
• Under counter fridge and dishwasher
• Hand wash sink
• Washing machine and tumble dryer
• Ice machine

The pub has a large loyal local customer base attracted by Sky television and regular live music. The business also has 5 en suite letting rooms with 13 beds, which have an occupancy rate of over 50% with many contractors staying on a Monday to Thursday basis.

The pub has 1 full time employee and 4 part time, who work on average 12 hours per week each. In addition, the vendor works full time. They achieved excellent net annual sales in the year to March 2009 of £332,000 with a gross profit of £164,000.

We are advised that stock at cost is approximately £7,000.
FINANCIAL INFORMATION
We have been advised by the vendor of the following:

Annual sales: £332,000
Gross Profit: £164,000
Adj. Net Profit:

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.












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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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
Trading hours:Mon-Thurs: 11am – 11pm Fri – Sat: 11am – 12 midnight Sun: 12 – 10.30pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 3 year rolling lease Remaining lease: Review every: Rent: £39,600 We are advised that the annual business rates are currently: £19,000
Living accomodation:• further 7 garden benches are in the rear enclosure • At the rear of the bar is a large office • Back kitchen • Side drinks store • Cellar • Stairs to first floor First Floor • 5 letting rooms (13 beds) – all en-suite and all with sky, ironing, fire exit and separate entry point • Private accommodation comprising: • Lounge with gas fire with surround, 3 double bedrooms, kitchen with modern wall and base units, separate w/c, bathroom with shower • The premises are fully double glazed, are alarmed and has a 12 camera CCTV system with 1 month computer back up
Location:The public house has an excellent high visibility corner location situated on a main arterial road of a mixed residential/commercial area of Swindon in Wiltshire.

Other local business include a betting shop, hairdressers and take away. The train and bus stations and the town football stadium are all within a 5 minute walk from the premises.

The pub has its own car park which has approximately 16 spaces. Additional free of charge on street is also available all around the premises.
Premises Details:Large and spacious premises arranged over first and second floors and briefly comprising:

Ground Floor
• 3 separate entrances into the public house. Side entrance by small stage area, main entry directly into the bar area and door into the pool table area
• The premises were fully renovated only 5 years ago to a high standard, which has been maintained.
• Bar area consists of pool table area, open fire with stone built chimney breast and stone hearth.
• Ladies and gents w/cs
• 2 bandits, juke box, cigarette machine, cash ATM, darts throw area, large plasma tv, plus an additional 4 tv’s, originally ceiling beams
• Rear exit to smoking area under gazebo with wood burner, patio heater and 3 garden benches. A
Expansion potential:Although clearly a successful business, the public house still offers excellent scope to increase both turnover and profits by: 1. Converting the huge loft space into more letting rooms to take advantage of the high Monday to Thursday demand for low cost lettings 2. Advertising – the business does non whatsoever at the moment 3. Encourage more sports teams – the pub only has one football team at present, when it has facilities for both darts and pool. 4. Make use of the commercial kitchen and offer food sales
Related documents:PDF document iconSales Particulars

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