3 bedroom pub for sale

Tenure: Freehold

Location
The Quarry Gate occupies substantial detached premises, ideally located in the residential area of Headington, Oxfordshire. The premises benefit from ample on-street parking and are surrounded by a variety of complementary shops and businesses. There are a number of bus routes serving the area and Oxford Brookes University is close by. The business boasts easy access to the A-road network which provides good access to Oxford city centre some 3 miles away. Headington is a popular and affluent residential area of Oxford. The M40 motorway is less than 5 miles away and Reading is approximately 25 miles to the south.

Business History
Preferred Commercial is delighted to offer for sale this thriving public house, which was established in 1930 and has been in our client's careful hands since 2000. The business is only now offered to the market due to a change in our client's circumstances. The premises are well-equipped to suit the trade with a large bar area, restaurant area, commercial kitchen and beer garden. The business has an excellent reputation and enjoys much repeat trade. The premises boast 3-bedroom owner's accommodation with lounge and bathroom. Our client offers a wide range of beverages along with a selection of high quality food at the weekends and the business is free of tie. The public house currently hosts 2 cribbage teams, 3 dart teams and a pool team. The business is currently run at a pace to suit our client and trades all year round, which generates a turnover in the region of £234,000 with a gross profit of 60%. We feel this could be further increased by offering food 7 days a week. This is an ideal opportunity to acquire an already thriving public house with 3-bedroom owner's accommodation and huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.

Financial Details
T/O: £234,000 approx.
GP: 60%

Opening Hours
Mon - Thurs: 12:00pm to 11:00pm
Fri - Sun: 12:00pm to 12:00am

Accommodation Details
Substantial detached public house premises with 3-bedroom owner's accommodation. Briefly comprising:

Ground Floor
• Large open plan bar area with feature fireplace, tables and chairs, 3 x large screen TVs, electronic games machine, cigarette machine, digital jukebox, large wooden bar with 10 points of dispense, 2 electronic cash registers, 3 x refrigerators and optics displays
• Restaurant area with tables and chairs
• Commercial kitchen with double sink unit, double fryer, griddle, 6-burner hob, 2 x pizza ovens, 2 x microwave ovens, 2 x freezers, refrigerator, grill and 3 x stainless steel refrigerators
• Store room to rear with 3 x freezers
• Store room
• Ladies and gents WCs with wash hand basins

Lower Ground Floor
• Beer cellar with 2 pint pull, bottle storage and shelving

First Floor
• 2 x double bedrooms
• Single bedroom
• Lounge
• Bathroom with bath, shower, WC and wash hand basin

External
• Large forecourt
• Covered smoking shelter and beer garden to the rear

Tenure
Advised freehold