Pub for sale

Tenure: Leasehold

FREE OF TIE PUBLIC HOUSE - GLOUCESTERSHIRE
Early viewing is highly recommended
Advised annual turnover of £390,000
Superb owners' accommodation
Situated in the town of Berkeley
Scope for further development
Genuine reason for sale
Free of brewery tie
LEASEHOLD


Location

This exceptional public house is located in the beautiful and highly desirable town of Berkeley which is in Gloucestershire. The property stands proud just back from the town's high street which is an excellent central point causing high amounts of passing trade. The local area has a fantastic display of upmarket residential homes and independently run commercial style businesses which all add to the charm and character of the area. The business is situated within walking distance of Berkeley Castle. This is a great tourist attraction it also hosts many weddings each year, which brings a lot of trade to the business. The vendors have also advised us of re-development being made to the area which will not only increase this business but also the whole area. Berkeley is two miles west off the Gloucester/Bristol trunk road (A38) and sits at the head of the Berkley Vale which has some of Gloucestershire's most beautiful countryside. Berkeley is rich in all sorts of history and is well known for its people, events and science. The town sits less than 10 miles away from the M5 motorway which makes visiting and commuting very easy


Business History

Meridian Business Sales are delighted to offer to the market this well established public house which has been in the careful hands of our clients since 2004. Our clients are reluctantly offering the business to the market due to their desire to concentrate on other business interests. Since our client(s) took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at £390,000 with a gross profit margin of 55% which is derived from the sale of a selection of beers, wines and spirits in addition to a popular hot and cold food menu. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.


Financial Profile

Turnover: £390,000pa
Gross profit: 55%
Stock approximately: £6,000


Tenure

Leasehold
Terms to be negotiated
Rent: £40,000pa


Opening Hours

Monday: 11:30am - 11:00pm
Tuesday: 11:30am - 11:00pm
Wednesday: 11:30am - 11:00pm
Thursday: 11:30am - 11:00pm
Friday: 11:30am - 11:30pm
Saturday: 11:30am - 12:00am
Sunday: 12:00pm - 11:00pm


Accommodation

Well presented and maintained detached freehold public house, briefly comprising of:

GROUND FLOOR
Secure entrance leading to: Open plan bar area with exposed wooden beams, feature fireplace, ample dining tables and chairs, fixed seating, bar servery with drinks fridges, optics/sprit displays and beer/ale pumps.

Dining room for 18 covers with traditional tables and chairs. Fully fitted stainless steel commercial kitchen with wash and preparation areas. Function room for up to 90 with bar and removable skittle alley.
Cellar/storage room

FIRST FLOOR
Owners' accommodation
Secure office
3x double bedrooms (one with en-suite)
Bathroom
Fully fitted kitchen
Lounge with large stone fireplace

EXTERNAL
Front area with picnic benches
Rear car park for 25+ vehicles
Private garden (could be used as pub garden)