Highly Profitable Town Centre Bar For Sale

Business description

WELL PRESENTED AND LOCATED, HIGHLY PROFITABLE TOWN CENTRE BAR LOCATED IN THE BUSTLING BERKSHIRE TOWN OF SLOUGH




Excellent central location in the heart of the bustling Berkshire town of Slough.
Lounge Bar (capacity 100) with tiled and wood flooring, bar servery, pool table and large plasmas.
Public Bar (capacity 50) with wood flooring, darts throw and bar servery.
Spacious 3 bedroom living accommodation with lounge, kitchen and bathroom.
This is a consistently thriving and highly profitable business.
Outstanding turnover of £462,000 (inc vat) with gross profits of £200,000 creating a highly profitable business. Trade split of 65%/35% in favour of wet.
Commercial Catering Kitchen and Patio Area.


VERY RARE OPPORTUNITY TO ACQUIRE A HIGHLY PROFITABLE TOWN CENTRE LEASEHOLD.


ASKING PRICE £135,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This unique and highly profitable town centre bar has an excellent central location on the Windsor Road, Slough, Berkshire.

Slough has a population of 120,000+, it is located some 14 miles west of Central London, 20 miles east of Reading and 5 miles of Windsor and Ascot.

Slough has a reputation for being a bustling town with one of the largest business communities in Europe along with being home of the Thames Valley University.

The town centre is currently undergoing an ambitious multimillion pound redevelopment plan, aiming to create a leading European and national focus. A huge number of new housing developments are emerging all over the town, some being within 300 yards of this property.

The road links from this business is superb with the M4 and M25 both being within 5 miles.

THE PROPERTY

This is a well presented brick built property under a tiled roof occupying a very prominent town centre location.



Lounge Bar (capacity 100) has a large and traditional bar servery, tiled and wooden flooring, feature fireplace, pool table and large plasma screens complemented by traditional wooden furnishings.

Public Bar (capacity 50) with a mix of tiled and wood flooring, bar servery, darts throw and good quality furnishings.

The trading areas are fully air conditioned and double glazed.

Ladies and Gents W.C's with disabled facilities.

Catering facilities include a very well equipped commercial Kitchen with stainless steel appliances and separate preparation room (appliances not tested).



Lower Ground Floor Cellar with barrel drop, barrel racks, pumps and cooler. Dry Bottle Store.

OWNER'S ACCOMMODATION

Situated on the first floor and briefly comprises: 1 double bedroom, 2 single bedrooms, large lounge, fully fitted kitchen, W.C and bathroom.

EXTERNAL

To the front of the property is a patio terrace ideal for the no smoking area and comprises of 8 benches offering seating for 45.

TRADING AND LICENSING

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of :

Mon - Wed Midday - Midnight

Thurs - Sat Midday - 2am

Sun Midday - 10.30pm

Current opening hours are:

Mon - Wed 11am - Midnight

Thurs 11am - 1am

Fri - Sat 11am - 2am

Sun Midday - 10.30pm

N.B. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1-day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business and property is being offered for sale as a lease assignment with approximately 25 years remaining of the Enterprise Inns full repairing, insuring and renewable agreement. We are informed that the rent is currently set at £36,000 with the next rent review not due until January 2012.

We are advised that the property benefits from mains gas, electric and water and benefits from gas central heating. Business rates are currently £12,000 PA.

THE BUSINESS

Our clients took over the business in January 2002 and has developed a very strong trading foundation over the last 5 years. Our client has consistent trading figures over the past three years and are continuing to rise year on year. This very successful business is well known for being a lively live music venue, with music every Friday and Saturday. This high quality bar is a very successful and profitable business and already having a solid trading foundation still offers new enthusiastic owner operators potential to increase turnover. Current sales are circa £462,000 (incl.) with reconstituted net profits (after adding back finance, bank charges, depreciation and managers wages) of £70,000. Trade split of 65%/35% in favour of wet. In our opinion this is an ideal opportunity for experienced owner operators to continue with this very successful business and endeavour to reap the rewards that are currently on offer. Our vendor client has established an excellent reputation which can be fully emulated by new enthusiastic operators. The asking price reflects the location and quality of fixtures and fittings.

Property information

Property:

Leasehold