Wiltshire Lifestyle Campsite & Public House For Sale

Business description

• Ideally located concern offering exceptional lifestyle.
• Many original features in the building and stunning views.
• Many revenue streams including campsite.
• Very busy pub in the summer and can do up to 200 covers in one day.
• Live music offered every week with a license for 3 annual music festivals which can take up to £6,000 each.
• A well established business which is very well known locally and attracts customers worldwide.
• Good loyal clientele as well as tourists and walkers.
• Fully equipped business with favorable lease terms and rental (see below).
• Turnover in excess of £350,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owners wish to retire.
• An easily run operation.
• Good loyal well trained staff including a live in manager.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this lifestyle public house which has been established since 1810.The business has been in the hands of the current owners since 1993 they now wish to sell due to retirement.

This very good business opportunity provides a traditional pub experience with good food and a variety of alcoholic drinks including beers and ales. There is a traditional food menu which is very popular. There is also a large campsite which has up to 10 tourist pitches and the Owners charge £5 per night.

The concern employs 1 full time bar manager who lives in and is paid £290 per week. There are many part time staff hired casually and seasonally (between 4 and 30) who are paid £6 per hour. The manager would be prepared to stay on with the business.

The Owner and his wife work full time in the business with the wife taking the role of Chef at the moment.

The owner markets the business on various camping websites and there is a website.

As far as competition is concerned the nearest pub is over3.5 miles away.

The client base consists of locals, tourists, many walkers who enjoy the local towpath, canoeists, and those wanting a tranquil beauty spot.

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• The end of the credit crunch will create more turnover and profits.
• Providing a bed and breakfast service.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The turnover for 2008 was approximately £350,000 with a gross profit of 51%. The present value of the stock is £5,000 and the fixtures fittings and equipment are worth £35,000.
The potential turnover of the business within the next 2 years is forecast to reach £450,000 plus given the changes that are required to be made to the business. A full business plan and cash projections are available upon request after viewings.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 11 years remaining. The rent is £34,000 with a review in 2010. The rates are £14,000.

Leasehold rent:

£34,000 per annum

Living accommodation:

First Floor On the first floor there are 6 bedrooms including a large lounge with a kitchenette and bathroom which is used by the manager. Second Floor On the second floor there are 3 further large rooms in need of renovation including an old winch room used by the barges.

Location:

This superb business opportunity is situated in a very tranquil and rural location outside the village of Pewsey in the County of Wiltshire. It has a stunning location, being on a canal and offers an exceptional lifestyle opportunity. There are stunning views all around this popular local beauty spot which attracts many tourists as well as locals and walkers. It is very remotely located but there is good access to major road networks.

Premises details:

Property Details
This property is superbly set in the countryside alongside a canal. It is a detached property built in the 1800’s. The entrance leads to the main bar with a rectangular, fully equipped bar with 12 pumps. It has a very traditional appearance. To the rear is another bar with a pool table and darts.
The lower floor contains a fully and spacious kitchen with a wash up area and a freezer room and dry storage. The toilets and cellar are also on this floor.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £35,000.


External
To the front there is a very large car park and lots of covers on the canal offering a lovely view. There is also an outside bar.
To the rear there is a very large campsite with a toilet and shower block. There is an old detached barn which is listed and is used for storage. There is also a private owner’s garden with a 2sheds and a greenhouse.

Other information

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling:

sale due to retirement.

Trading hours:

The business operates all week from 11.30am t midnight.

Furniture / Fixtures value:

£35,000 (included in the asking price)