Pub, Southminster, CM0

Location

The premises is situated in a fantastic trading location within a densely populated residential community, located diagonally opposite a park.

Tenure

5-year lease with approximately 4.5 years remaining at a current rent of £39,600 per annum exclusive.

Premises

Destination location with entrance to a driveway with a car park that can accommodate 30 – 40 vehicles. There is external seating that is currently set out for approximately 50 covers, however could accommodate more if required. A single glazed entrance door, leads into an entry way with further door leading into the premises which ground floor measures approximately 2,150 sq ft and is arranged as follows:

Main Pub Area

Laminate flooring, suspended ceiling, spot lighting, hanging feature lighting, TV and CCTV throughout. This area is arranged to provide a comfortable 100 covers, but could accommodate more if required. A large wraparound bar behind which is equipped with draft beer pumps, alcohol display shelving, large double display drinks fridge x 2, single display drinks fridge, under counter wine fridge x 2, triple display fridge, till system, glass washer, and stainless steel sink.

Store Rooms

One door at the rear of the bar area leads through to a store area which has ground floor CELLAR housing the kegs and various racking, STORE ROOM equipped with 2 x large upright fridge, large upright freezer, chest freezer, ice machine, washing machine, stainless steel sink, stainless steel prep table with under counter refrigeration.

Commercial Kitchen

A door from this area leads into a COMMERCIAL KITCHEN  equipped with a large COMMERCIAL EXTRACTOR SYSTEM, twin basket fryer, large oven with 5 hobs. Kebab roller grill, Lincat induction double hob, 2 x ovens, various stainless steel prep tables, heated pass through, stainless steel prep table with under counter refrigeration x 2, microwaves x 2, buffalo grill, double stainless steel sink and wash hand basin.  An opening from the kitchen leads into a small DRY STORE with racking, stainless steel prep table and chest freezer. Back in the main pub area there is a door to the right hand side of the bar which leads into separate ladies and gents WC’s. An opening from the bar area leads through to a GAMES ROOM equipped with a pool table and dart board. This area also houses a WC with baby changing facilities and a STAFF WC.

Mobile Homes

At the rear of the property are 2 MOBILE HOMES which are included within the lease, these were not inspected by the agent, these are currently occupied by staff members of the business.

Living Accommodation

There is FIRST FLOOR LIVING ACCOMMODATION that can be self-contained, which is currently occupied by the vendor and is arranged to provide a large living room, kitchen, bathroom and 3 bedrooms. This accommodation was not inspected by the agent.

Trading Hours

Sunday - Thursday 12 pm - 10 pm, Friday and Saturday 12 pm - 11 pm. During the low season of January and February, the business only opens 3 pm - 9 pm.

Staff

The business is run by the vendor with the assistance of 2 full time and 2 part time members of staff.

Turnover

We are advised the turnover from April through to December averages approximately £10,000 - £12,000 per week working to the usually high gross profit margins associated with the trade. In the low season of January through to March the turnover averages approximately £5,000 per week. The business does not offer food, so this leaves massive scope to increase the turnover, should a purchaser wish to introduce this.

Business Rates

We are advised by the vendor that there are no business rates payable, should small business rate relief apply to a purchaser.

Legal Costs

Each party to be responsible for their own, with the landlords legal costs to be split 50/50.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.