Business for Sale in Hereford, Herefordshire - FREE OF TIE TRADITIONAL VILLAGE DINING PUB – HEREFORD - Leasehold: £75,000

Key Information

Ref
V33772K
Type
Pubs Businesses: Pubs
Location
England: Herefordshire
Tenure
Leasehold
Status
For Sale
Annual Sales
£240,663 Ex Vat
Accomodation
3 Bedrooms
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In a Charming Herefordshire Village

Recently Extensively Renovated and Improved

No Immediate Trading Competitors

With Comfortable 3-Bedroom Living Accommodation

Annual Sales £240,663

Trade Split approximately 40% Dry and 60% Wet Sales

Leasehold Price £75,000

This desirable Public House occupies a prominent corner trading location and is the only pub in the village. It has been in the present owner’s hands since 2017. During this time it has been greatly refurbished and has seen trade increase dramatically under the new ownership. The design and layout of the trading premises means it is easily manageable with minimal staff assistance required.

The owner benefits from comfortable living accommodation on the upper floor, and there is a large car park and lawned beer garden and BBQ area to the rear of the premises.

It has earned an enviable local reputation for serving high quality food in comfortable surroundings.

As well as reasonably priced traditional home cooked popular dishes and the ever popular Sunday lunch the business attracts much local custom by offering speciality themed evenings with varied menus, and a Friday ‘takeaway’ night where customers can eat in or take away Pizzas, Fish & Chips, which has proved to be very popular.

A monthly themed ‘taster menu’ has also proved to be very well-received.

Under current ownership there has been recent considerable investment in the property which boasts bar, lounge bar, kitchen and cloakrooms whilst owners benefit from spacious 3-bedroom accommodation.

The Kitchen has also been fully refurbished to a high standard and has all necessary equipment for the trade.

Outside:

To the rear of the premises is a lawned Beer Garden and spacious car park.

There are two Barns to the side of the Premises used as dry storage rooms.

Accommodation:

Owner’s accommodation comprises on the upper floor: large Lounge; Three Double-sized Bedrooms; Kitchen; Shower Room with w.c. Spacious Loft Storage space.

The living accommodation is centrally heated and double glazed.

Comments:

Here is an opportunity to acquire a superb traditional village pub in a prominent and highly visible trading position in a desirable Herefordshire village.

The business enjoys regular local trade and visitor trade; sales continue to increase but at the same time further opportunities exist for new owners.

Viewing is Highly Recommended.

Our Client Informs Us That:

Takings and Profitability:

Accounting information provided confirms a sound business; in respect of the financial year ended 31st March 2018 Sales amounted to £240,663 ex Vat returning a Gross Profit of £132,531 equating to 55%.

The trade split is approximately 60% wet sales and 40% dry sales.

Trading Hours:

The Business opens for trade at 4.00pm on Monday & Tuesday, and at 12.00 midday Thursday to Sunday.

Staff:

The Business is operated by the owner with the help of one head chef, one sous chef, two part-time assistants and cleaner.

Tenure:

The premises are held on a lease from 2012. Present rent payable is £10,000 per annum with annual incremental increases of £12,000, £15,000 and £18,000.

Rates:

Currently ‘Nil’ after rate relief.

EPC:

Energy Performance rating is F.

Price:

£75,000 plus stock at valuation for the Lease, Business, Fixtures, Fittings and Equipment (subject to inventory)

Copyright © EM & F Group Limited 2019 - Company No: 03035561 - VAT: 631 4000 02