Traditional Pub in Middlesex For Sale

Situated in a Parade, busy road, residential, office and commercial area, MIDDLESEX

Turnover £ 8,000
Price £155,000

Features

Old Established Pub

BENCH SEATING FOR 8 PEOPLE

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS AND CANOPY. Bar with 12 TAPS, EPOS till, 4 under counter drinks display fridge (glass fronted upright double-door). Tables and chairs providing seating for 40 People.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.
Additonal Disabled Toilet

Kitchen (NOT UTILISED), stainless steel extractor unit, Cooker, microwave, double sink and drainer, washing machine, fridge, freezer.

Cool Cellar for stock.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. (WET SALES ONLY) with a Gross profit of 68% approx.

Staff

The business is at present operated by the Manager with the assistance of 3 part time staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY 10am - 11pm
FRIDAY & SATURDAY 10am - 1am

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £65,000 p.a. for the first 4 years.

Business Rates from April 2024 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW, GOODWILL, FIXTURES & FITTINGS £155,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 77,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote