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WE ARE INFORMED the turnover averages £7,000 p.w. (including catering in the region of £400/£500 p.w), in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx. We are further advised that the sales year ending 31st December, 2007 showed £298,560.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £29,500 or near offer plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Front pavement area providing space for 3 tables with benches.
GROUND FLOOR SPACIOUS BAR, wooden floor, partly carpeted. Tables, chairs plus bar stools providing seating for 40 persons (including mezzanine floor). Bar with 4 hand pumps, 2 double door glass fronted counter fridges, 2 electronic cash register, glass washer.
Level kitchen with mainly stainless steel equipment. The equipment includes 4-burner gas cooker, double deep fryer, 1 upright single door fridge, 1 2-door counter fridge, 1 stainless steel upright deep freeze, 1 additional upright deep freeze etc.
Beer Cellar
First floor ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 3 urinals, w.c. and wash hand basin
Staff
The business is at present operated under management. Staff employed 1 full time manager plus 6 part time staff. Wages paid £1,000/£1,200 p.w. approx.
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchenette
Tenure
We understand the premises are held on a secure renewable Brewery Lease having approximately 2½ years unexpired at a current rental of £45,209 p.a. exclusive of rates. We further understand that the rental increase is tied to the Retail Price Index each year.
We further understand that the Brewery will consider a longer lease, if required.
