Leasehold Public House
Location England
Asking Price Range < $250K
Gross Revenues $196000
Net Profit / Cash Flow $84280
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description LEASEHOLD PUBLIC HOUSE FOR SALE. ASKING FOR œ60,000. Advent Business Sales have been instructed to offer for sale this long established business in the ownership of the vendor since March 2005, it is now reluctantly offered for sale due to the vendor's future business plans.
The pub currently operates 100% wet sales although the premise has stainless steel industrial kitchen equipment. This is a good size premises with spacious family living accommodation with lots of unused and under utilized space ripe for exploitation and development with the added advantage of unusually low rent. Ground Floor: Large bar area with pool table, snug, ladies and gents w/c's, access to enclosed yard, access to very large cellar and storage area below ground. Stairway to first floor. First Floor: Large function room with bar, occupancy 80+. Industrial kitchen, lounge, toilet, family bathroom and 2 x large double bedrooms. Second Floor: 2 x double bedrooms and unused area in eaves. External: Out building with scope to convert to letting rooms, subject to planning. Outside courtyard which could be used as a covered smoking area. Open area with seating.
TENURE - Tennancy. Current Lease - 2 years. Lease Remaining - 2 years. Review every - 3 years. Annual Rent - œ18,500. We are advised that the annual business rates are currently TBC.
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