Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Milton Keynes Community Pub For Sale

Milton Keynes, Buckinghamshire, UK
Asking Price:
Under £50K Furniture / Fixtures included
Turnover:
£200K - £500K
Net Profit:
Undisclosed

This business occupies the lease for a pub that dedicates itself to being the heart of the local community.

Over the past 12 months the business has turned around this pubs reputation, particularly for serving great food, achieving around 150x 5-star reviews on Google over the past year.

Business is running fully equipped with furnishings, equipment and staff. Seating can cover 50 internally with large front garden in addition to this. The lease stipulates the purchase of alcohol from the tied Brewery.

Turnover for previous 12 months:
In excess of £250,000
Cost of sale: £158,000
Gross: in excess of £100,000

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

1.5 years remaining on the lease with extension possible for negotiation.
Service charges included in rental figure.

Leasehold Rent:

£36,000 per annum

Living Accommodation:

2x separate dwellings on the property:

Upstairs 2x bedroom dwelling occupied by manager on site.

Downstairs 1x bedroom dwelling unoccupied.

Location:

Village location with loyal local community.

Premises Details:

Listed building. Approx 1.5 years left on the lease with extension negotiable.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Refurbishment of property could double turnover under the right hands, whilst continuing to deliver quality food.

Competition / Market:

One competitor locally.

Reasons for selling:

Current owner is absent and has other family priorities. The business needs a present owner.

Trading hours:

Typically 12:00-22:00
Monday-Wednesday currently slightly reduced hours.

Employees:
9
Years established:
1.5 years

Other Information

Furniture / Fixtures value:
£10,000 - included in the asking price
Inventory / Stock value:
£5,000
Home based:
This business can be run from home