Public House For Sale – Hampshire

Waterlooville, Hampshire
Price: £ 75,000
business for sale
Seller Reference: 41907
Asking Price: £45,000
Net Profit: Undisclosed
Sales Revenue: £260,000
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold

Business Summary

Well established public house with restaurant opportunity. Fantastic location, hugely impressive outdoor area with development opportunity. Advised weekly takings of �5000 per week but with scope to vastly increase. For sale due to retirement. Leasehold. Ref 41907� OFFERS INVITED OVER – Well Established public house with restaurant opportunity� Fantastic Location with large outdoor area � development opportunity� Advised weekly takings of �4000 pw with scope to increase� For sale due to retirementOFFERS INVITED OVER – Fantastic opportunity to purchase a well established public house in the highly desirable Hampshire town of Waterlooville. Situated 8 miles to the North of Portsmouth, it is believed that the town itself is actually named after a public house that stood in the centre of the town that soldiers returning from the battle of Waterloo used to celebrate their victory. The Falcon is situated in prime location on the busy B2150 Hambledon Road and has superb parking facilities.The Falcon has been successfully run by the current owners for the last 6 years, and is only now offered for sale due to ill health and their desire to retire. Although current turnover is a modest �5000 per week, there is massive scope for improvement. There is no food currently served, but there is a large operational kitchen waiting to be used. There is ample room for 30+ covers, but the property does have a separate storage room that could easily be converted to a separate dining area. There is also scope to add a conservatory style eating area which would increase the total covers to 60+. Above the public house there is a good size 3 bedroom flat that would be ideal for a small family or couple to occupy.Summary. This is an exciting opportunity to purchase a business with a bright future � excellent potential for the right buyer. Viewing is highly recommended.

Well established public house with restaurant opportunity. Fantastic location, hugely impressive outdoor area with development opportunity. Advised we...

Property Infomation

  Property: Leasehold
 
  Living Accommodation: No

Other Details

  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No