Very Popular Leasehold Pub In Bristol

Undisclosed, Bristol County
Price: £ 39,950
business for sale
Seller Reference: 2768
Asking Price: £39,950
Net Profit: £28,281
Sales Revenue: £326,127
Number of Staff: 6
Established For: 88  Years  0  Months
Ownership: Leasehold

Business Summary

The particular highlights of the business are:
– A well established business.
– Good loyal clientele.
– Fully equipped business with favorable lease terms (see below).
– Turnover in excess of £325,000 pa with a net profit of £28,281 pa. (See financial summary below).
– A business with great potential which has not been fully exploited because the owner is winding down towards retirement.
– An easily run operation.
– Good loyal well trained staff.
– A good first time buyers business and an ideal purchase for a husband and wife team and on-site operators.
– Low rent & rates.
– Very low overheads.
– A niche concern with very little competition.
– Business enjoys superb local reputation.
– This concern provides Drinking, darts and dining. The dining area has at least 40 covers with a further 40 covers including the lounge areas. Food sales are approx. 30% of the total trade with Sunday roasts proving to be very popular.

Superbly located and very popular leasehold pub in Bristol which has been established since 1925. The business has been in the hands of the current owner since 2007 and she now wishes to sell due to retirement. Services This very good business opportunity provides Drinking,...

Property Infomation

  Property: Leasehold
 
  Lease Terms: The original length of the lease was 10 years with 5 years remaining. The rent is £30,000 pa with a review in 2017. The lease may be renewable or negotiable for longer term if required. The rates are £14,213 pa.
 
  Current Rent: 30,000
 
  Living Accommodation: Yes
 
  Details of Accommodation: The private accommodation comprises of 3 bedrooms, lounge and a kitchen. The current leaseholder does not presently reside on the property and the three bedrooms are rented out on short term lets.
 
  Location: - Situated on the Shirehampton Road in the Sea Mills area of Bristol.
- Prominent location on main arterial road.
- Excellent free customer parking facilities.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A4, M5 and A4162 with good railway links.
- Area enjoying much growth and re-generation.
- A lifestyle area.
- Excellent local demographics for this type of area.

Other Details

  As far as competition is concerned there are other similar businesses in the area.