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4 bedroom pub for sale

Ifield Drive, Crawley, West Sussex, RH11

Guide Price £150,000

Property Description

Commercial information

  • Business for sale

Key features

  • Public house and 32 cover cafe
  • Combined income approximately £300,000 per annum
  • Highly visible main road location
  • 4 bed owners accommodation

Full description

Tenure: Leasehold

DESCRIPTION
An excellent opportunity to purchase a well-known public house and café, which occupies a prominent trading position in Crawley, West Sussex.

Pelham Buckle occupies a commanding position on a busy main road within a densely populated area of residential and commercial dwellings. The business attracts both regular local and passing trade throughout the day, especially at breakfast and lunch times.

The business is Free of Tie.

Having served the locality for many years, and been under the same ownership since 2002, the business has forged strong relationships with the community and boasts an extensive and loyal customer base.

The substantial and imposing detached property provides welcoming accommodation and a homely environment. The bar is neatly presented with traditional pub furniture and provides an array of various sports shown on TV throughout the week.

Pelham Buckle is a profitable business and operates with a 50/50 split on wet sales and income from the café business. The cafe was started by our client a few years ago and operates with 32 covers in a side extension. The business would ideally suit an energetic and enthusiastic owner to enhance the overall profitability.

This is an excellent opportunity to purchase a long established business with genuine potential and viewing is therefore recommended.

WEEKLY SALES
Currently sales average £7,000 per week which is split as approximately £3000 per week from the café and £4000 per week from wet sales.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Cafe Hours
Monday - Friday 07:30- 14:00
Saturday 08:00 - 14:00
Sunday 09:00 - 14:00

The Bar
Has the facility to open between the hours of:
09:00 - 01:00 7 days a week.

STAFF
Managed by the owner with full and part time staff.

PROPERTY
A substantial, and highly visible detached property which occupies a prominent roadside position within a densely populated area and provides spacious, versatile living accommodation and public areas which have been extended over recent years.

RESTAURANT/BAR/AREAS
The front and side entrance lead to the welcoming bar and café area, which is neatly presented with tasteful décor and traditional furnishings. The main public house area is currently laid out with one main large screen TV providing an array of sports shown on BT Sport and Sky.

Seating can be found throughout with free standing tables and chairs along with fixed window seats and main bar along with commercial kitchen facilities.

The 32 cover café operates from a single storey side extension and operates between the hours of 08:00 until 14:00 Monday to Saturday.

RESIDENTIAL ACCOMMODATION
There is a four bedroom owner's accommodation above comprising three double and one single bedroom, living room, family bathroom and kitchen.

TENURE
We are advised that the property is held on a 45 year sub-lease which commenced in 2002. The annual rent is £31,000 exclusive (correct as advised on 21.10.14). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
This is an excellent opportunity to purchase a well known business with genuine future potential and viewing is highly recommended.


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