The free house pub occupies a corner plot on Islingword Road in Hanover in Brighton, which is a densely populated area of Brighton with a mix of houses and flats in the surrounding streets. The pub has been in the current vendor’s ownership for the past 9 years, and during this time, it has created excellent goodwill and repeat business. The pub runs a popular quiz night and live music events. The pub has become a centre for the local community, is open from breakfast through the evening, and has created a very loyal customer base. They have received excellent reviews on TripAdvisor (4.5*) and Google Reviews (4.6*). The business now only comes to the market because the vendors wish to focus on other business opportunities.
- Asking Price:
- £150,000
- Turnover:
- £520,000
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Leasehold
- Leasehold Type:
- New
- Lease Terms:
-
The landlord will grant a new full repairing and insuring lease at a commencing rental of £55,000 per annum (excluding VAT). Rent reviews will take place every 5 years and there will be a tenant only break clause in year 3.
- Leasehold Rent:
-
£55,000 per annum
- Living Accommodation:
-
The pub has the benefit of a 6-bedroom HMO with separate kitchen and two bathrooms. At present the rooms are let individually, however in the past it has also been let via Air BNB. The flat currently generates an additional income of £4,500 per month.
- Location:
-
The free house pub occupies a corner plot on Islingword Road in Hanover in Brighton, which is a densely populated area of Brighton with a mix of houses and flats in the surrounding streets
- Premises Details:
-
The pub occupies a corner plot on Islingword Road in Brighton. On entering the pub there is a custom bar counter which includes several under counter fridges and a keg cooling system. The pub has seating for 80 covers inside, with a further 20 covers on the decking area to the front of the pub. The pub has a separate area which is used for live entertainment towards the rear of the pub which includes a stage area. The vendor has confirmed that all fixtures and fittings will be included in the sale. There are also separate male and female toilets located on the ground floor. The kitchen is in the basement which is fully fitted with commercial extraction and has a separate preparation, cooking and washing up areas and comes to the market in good condition. There is also a large storeroom which has several fridges and freezers and wracking for dried goods. There is a separate office which contains the monitors for the CCTV and has a separate wine store.
- Planning Consent:
-
ALCOHOL LICENCE: 1445/3/2015/05652/LAPREN
The premises licence allows for the following –
Late Night Refreshment
• 23:00:00 - 00:30:00 Friday-Saturday
• 23:00:00 - 00:00:00 Sunday-ThursdayRe live/rec music/perf of dance Times: 08:00:00 - 23:00:00 Every Day
Sale by Retail of Alcohol
Alcohol consumed:
Both on and off the premises
10:00:00 - 00:00:00 Friday-Saturday 10:00:00 - 11:00:00 Sunday-Thursday
Business Operation
- Reasons for selling:
-
other business interests.
- Trading hours:
-
Monday-Sunday 8:30am-11pm and on Friday and Saturday the opening hours are extended till midnight.
- Employees:
- 10
- Years established:
- 9
