Financial Details
Asking price: £130,000
Sales revenue: £180,000
Net profit: Undisclosed
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 extremely well established and profitable free of tie public house.

Founded over 20 years ago by the present vendor, the business is only now being reluctantly offered for sale due to his plans to retire and immigrate to Spain.

The pub has a thriving 100% wet trade and achieved excellent net sales of £179,830 in the financial year to August 2008 with a 65% gross profit, net profit was circa £37,000.

The business has expanded since these accounts and is currently achieving average net sales of approximately £220,000 per annum with margins unchanged.

The pub is renowned for its great atmosphere, beers and entertainment and its karaoke nights are infamous locally.

There are three double letting rooms which each command a weekly rent of £75, they are all centrally heated with shared facilities of kitchen, shower room and wc and have a separate access from the pub.

The business has 1 full time staff member and 5 part time, who work on average 16 hours per week each, the vendor works 2 days a week.

We are advised that stock at cost is approximately £5,000.
REF: 9478NN




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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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: 12.00 – 11pm Fri – Sat: 12.00 – 2.00am Sun: 12.00 – 11pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 10 years Remaining lease: 10 years Review every: 1 year Rent: £26,200 We are advised that the annual business rates are currently: £6,750
Location:The pub is ideally located just off the main high street of a popular market town in Northamptonshire. Nearby towns include Kettering, Rushden and Wellingborough.

Parking is free of charge on street outside the pub.

Major roads include the A6, A14 and A45, which give excellent access to the nearby counties and beyond via the M1 motorway.
Premises Details:Entry into lobby with separate site access to the letting rooms into the main bar area which has recently been refurbished and briefly comprises:

Ground Floor
• Attractive bar servery, pool table, 2 x plasma tv’s, cigarette machine, juke box and bandit
• The premises have an added advantage of being air conditioned, having partial double glazing and of being alarmed and with a 7 camera CCTV system
• Private accommodation is accessed via the bar and consists of a large double bedroom, lounge, bathroom with wc and shower over bath. It has gas central heating
• 3 self contained letting rooms which are all doubles and are all centrally heated
Expansion potential:This is clearly already a successful public house, it does however, offer excellent potential to increase both sales and profits in the short term by: 1. Having a full time working owner to save on the cost of employing staff 2. Put in Sky TV to encourage sports fans 3. Use the basement kitchen to offer food sales 4. Increase the low prices charged 5. Space has been offered in the shop next door, which could increase bar capacity 6. Convert the flat room on the first floor into a roof terrace or beer garden with a smoking area
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