Leasehold Restaurant / Public House
Location United Kingdom
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1900
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Description L/H RESTAURANT/PUBLIC HOUSE 45,000 + SAV. The public house, which in part dates back to 1390 has been in the hands of our client for 11A years and is only now being reluctantly offered for sale to enable the owner to move nearer to his family on the South coast. The business is restaurant based with a strong 75% dry and 25% wet sales split and is tied on beers, lagers and ciders with Enterprise Inns. The owner however, offers one guest ale at any one time. The restaurant for sale specialises in home prepared food and has an excellent mouth watering menu selection.
The restaurant, which has approximately 70, covers, opens 7 days a week and enjoys a very healthy trade at lunchtimes and in the evenings. The whole premise has an excellent ambiance helped in part by the exposed beams and open fire place. The business employs 1 full time member of staff, 3 part timers who work on average 16 hours per week and our client full time. Our client has an excellent commercial kitchen.
FINANCIAL INFORMATION: We have been advised by the vendor of the following:
Annual sales: 180,000
Gross Profit: 63%.
BUSINESS PREMISES: The premises are fully alarmed and have CCTV with 2 cameras, briefly comprises of the following:
- Exposed beams throughout, 2 separate entrances, 1 directly into the bar/lounge area with approximately 22 covers and an open fireplace.
- Through to the bar with 8 waiting seats/extra dining seats with open fireplace.
Main restaurant with approximately 40 covers depending on table configuration
- Ladies wc
- Commercial kitchen to rear of bar, side shelved storage area
- Gent w/c by other entrance lobby
First Floor
- private accommodation (over 2 floors) with 6 bedrooms (4 double, 2 single)
- Large lounge, 2 bathroom/shower rooms with w/c.
External
- Separate kitchen outside - 9 garden benches, smoking area. Large detached dry stores building
- Large car park with approximately 40 spaces.
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