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8581LU BEDFORDSHIRE L\H£150000 PUBLIC HOUSE

Asking Price: GBP 150000
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Business Location: United Kingdom » Bedfordshire » BEDFORDSHIRE 
Category: Leisure » Bars & Nightclubs
Description:
THE BUSINESS
Advent Business Sales are delighted to have
been instructed to offer to the market this
extremely popular wet led and fully
refurbished public house.
Established in 1964 and in the hands of the
current vendors for the past 3 years, it is
only now being offered for sale as they are
planning to retire.
The pub has an excellent smoker’s enclosure
which can seat approx 20 and has its own
46” LCD TV and heating.
Although predominately wet led (95%), the
pub has a good commercial kitchen which
includes:
 Pizza oven
 4 ring Gas cooker with oven
 Salamander
 5 Lt Deep fat fryer
 2 Draw fridge & Freezer plus
counter fridge & freezers.
The pub has 3 double bed living
accommodation which has been fully
refurbished and decorated to a high
standard.
This is clearly an excellent pub whose
turnover has remained virtually unchanged
despite the smoking ban; it has an excellent
gross profit of 53% and has great potential.
We believe it an outstanding investment
which should be viewed to be fully
appreciated.
STAFF DETAILS
At present, there are 8 employees, 5 working
part timer approx 16 hours each and 3 full
time staff. In addition, the vendors work
full time to boost the compliment of staff to
10
TRADING HOURS
Mon – Thurs: 11.00am – 11.00pm
Fri -Sat: 11.00 am– 12.00 midnight
Sun: 12.00noon - 11.00pm
EXPANSION POTENTIAL
Although already a very well managed
business, this is huge scope to increase sales
and profit further by expanding the kitchen
to offer food or takeaways as there is very
little available locally.
There is space to include live music, quiz
nights & karaoke, and the outside area could
be developed to have BBQ’s.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £460,000
Gross Profit: £242,000
Net Profit: £51,000
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.
BUSINESS PREMISES
The pub has 2 distinct areas and consists of:
Area 1
 A comfortable lounge with seating
for approx 70 (licensed for 100) and
includes
 50” plasma TV Screen
 2 Fruit machines
 Golf Machine & Cash dispenser
Area 2
 A ‘Sports’ focused, it seating
for approximately 40 (licensed
for 150).
 42” Plasma Screen
 12ft wide drop down projector
screen
 2 pool tables, dartboard
 Fruit machine & Juke box
 Ladies and Gents W.C off the
entrance corridor
First Floor
Living accommodation with laminate
flooring throughout, comprising of:
 2 Double bedrooms
 Bathroom
 Separate WC
 Large office (could be used a double
bedroom)
 Lounge
 Fully fitted kitchen with built in
Appliances
External
 Garden/patio area with seating for
approx 60 on benches and tables all
around.
TENURETENURE: Leasehold
Original lease: 25 years
Remaining lease: 22 years
Review every: 5 years
Rent: £46,236
We are advised that the annual business
rates are currently: £17,088 due to be
reviewed in October 2008.
Brewery: S & N - Globe
 
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Financial Information:  
Annual gross sales: (GBP) 460000
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 51000
General Information:  
Business Area:
Year Established: 2005
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 5PT\3FT
No of trading hours: Mon – Thurs: 11.00am – 11.00pm
Reasons for selling:
 only now being offered for sale as they are planning to retire.
Market competition and expansion:
 Although already a very well managed business, this is huge scope to increase sales and profit further by expanding the kitchen to offer food or takeaways as there is very little available locally. There is space to include live music, quiz nights & karaoke, and the outside area could be developed to have BBQ’s.
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