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Key Facts

[Ref: DBS070254]

Business For Sale : DETACHED LEASEHOLD PUBLIC HOUSE
Location : Essex, UK
Asking Price: 63,500

Contact: Dedman Business Sales

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Business Description

Established since 1750 and under the current ownership for just under two years this spacious detached Public House is situated in a busy location close to the town centre with the added attraction of regular markets and farmers markets. Pub lunches are served from 12.00 noon until 3.00 pm with a carvery on Sundays. The customer base is primarily local regulars which is continuing to increase since the introduction of food sales this year with two regular Dart Teams playing weekly. The lease is part tied and a smoking area has now been erected.

Finance

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.

Property

PREMISES COMPRISE: Two part glazed doors from the street leading to: LOUNGE: With tables and chairs for approximately 20 covers, shelving to alcoves, fully functional fire surround, double radiators, 'U' shaped bar with three hand pulls for real ales, six fonts for lager, refigerated wine chiller etc. PUBLIC: Again with fully functional fireplace, beamed ceiling, two double radiators, four fonts, two hand pulls on the bar, full range of optics and soft drinks dispenser. Large Screen Sky TV. LADIES WC: With two cubicle, three wash hand basin, warm air hand dryer. GENTS WC: One cubicle stainless steel urinals, wash hand basin, fully tiled walls and floor. Recently refurbished. KITCHEN: Fully fitted trade kitchen with the majority of fittings in stainless steel to include, six ring cooker with double oven beneath, two fridges, three freezers, double deep fat fryer, double bowl sink, stainless steel work surfaces, two microwaves, suspended illuminated ceiling and Ice Machine. UNDER FLOOR CELLAR: With drop from rear yard, cooler system, beer piper cleaning system, cellarboy system. Ample space for further storage, cupboards for spirits and wines etc. FIRST FLOOR ACCOMMODATION: BEDROOM ONE: Double room, windows to rear, radiator, power points. LOUNGE: Extremely spacious lounge with fully tiled fire surround, two radiators, TV point, ample power points, windows to front. OFFICE/BEDROOM TWO: Single radiator, power points and storage area. Next to this room is a large walk-in storage cupboard with potenital to use as an office or single room.

Self Contained 1 Bed Flat:

Fully furnished, bedroom with en suite, lounge/kitchen. Currently let at a rate of £480 per month.

Turnover

We are advised by the Vendor the current turnover is some £4,750 per week. We understand the overall gross profit margin is some 48%.

Legal Fees

Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.

Tenure

The premises are held on a very secure five years renewable lease with a current rental of £660 per week.

Stock

To be purchased separately at valuation.

Beer Garden

New purpose built Shelter, outside seating and tables for 30. With access to Garage, Bottle Storage and Car Park.

Conditions of these particulars are issued by Dedman for themselves and for the vendors and lessors of this property whose agents they are give notice that: These particulars do not constitute, nor consitutue any part of an offer or a contract. All statements contained within these particulars as to this property are made without responsibility on the part of Dedman, or the vendors or lessors. None of the statements contained within these particulars are to be relied upon representations of fact. Any intending purchasers or lesses must satisfy themselves by inspection or otherwise, as to the correctness of each of the statements contained in these particulars. The vendors do not make or give any person in this firms employment any authority to make or give any representations or warranty in relation to this property.

Staff

Owners plus five part time.

Reason For Sale

The vendors are reluctantly selling due to personal reasons.

Entertainment area

Fully equipped Stage & Dance Floor. Spots & DJ lighting, Smoke Machine, Karaoke Equipment with two monitors. Live music every Saturday.

 
 

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