Status: Sold STC
Tenure: Leasehold
Leasehold Rent: £35,000 per annum
Turnover: £182,000
Free of Tie Pub With Three Bed AccommodationFree of Tie Pub With Three Bed AccommodationFree of Tie Pub With Three Bed AccommodationFree of Tie Pub With Three Bed AccommodationFree of Tie Pub With Three Bed AccommodationFree of Tie Pub With Three Bed AccommodationFree of Tie Pub With Three Bed AccommodationFree of Tie Pub With Three Bed Accommodation
Free Of Tie
£36,999 + SAV

Free of Tie Pub With Three Bed Accommodation

Sold STC
  • Reference: 13890 J
  • Location: Winslow, Buckinghamshire
There has been a Public House on this site since the early 1900's and is a particular feature of the local community.

The business has been run successfully for the last eight and a half years or so by the current owner and is only reluctantly being sold due to his desire for a change of direction and to spend more time with his young family.

The business which is a popular pub is free of tie and currently 100% wet sales.

Scope for improvement
Deliver a food offering, massive potential and has a large kitchen which could be updated and adapted quite easily.
Website to extol the services and products provided.
Advertising and marketing campaign, none being done currently.
Maximise the use of social media.
Redecorate the exterior perhaps in the latest "Farrow & Ball" colours.
Update the interior and making more "hip and trendy" to encourage younger clientele.
Offer letting accommodation on the first floor.

The sale includes a large owner's accommodation. This has three bedrooms, kitchen, lounge, bathroom and WC. Could be used by the purchaser or used as letting rooms to generate an extra income.

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We are advised this is a Leasehold opportunity.

The original lease was for 33 years and there are 24 years remaining.
The rent per annum is £35,000.

There are no business rates currently payable.

We are further advised that the landlord would be happy to agree a lease on mutually acceptable terms for a new owner.

HOURS

Monday to Saturday 11am - 11pm
Sundays 12pm - 10.30pm

STAFF

The business is owner managed with the help of one full time member of staff and casuals as required.

FINANCIAL PROFILE

The business reported a turnover of approximately £182,000 in the 2016 accounts.

EXTRA NOTES

Reasons to buy
A lovely established pub with an enviable reputation and many regular customers all of whom would be sad to see it close.
Perfect trading position on a main road and with little competition locally.
Priced to sell...based on its turnover this business values much higher but current owner keen to sell.
Includes generous living accommodation if required or immediate rental income opportunity.
Massive potential to increase turnover significantly, current owner been running at a pace to suit.
Ideal first pub business for an inexperienced owner.
Current owner happy to offer a handover period to ensure the continued success of the business.
Winslow is a market town and civil parish designated as a town council in the Aylesbury Vale district of north Buckinghamshire. It has a population of just over 4,400.

The A413 road linking Buckingham and Aylesbury runs through the centre of Winslow forming the main High Street. The town formerly had its own railway station on the "Varsity Line" with a spur to Aylesbury. The track bed remains in place and when reopened, it will provide new rail connections to London, Milton Keynes, Aylesbury and Oxford. The Sustrans National Cycle Route 51 (Oxford to Colchester) goes east-west through Winslow, via Milton Keynes or Bicester. A new 5.6 mile shared use path between Buckingham and Windsor is nearing completion.

Bus services to and through Winslow include the X60 Aylesbury-Milton Keynes express, the route 60 Aylesbury-Buckingham and the route 50 Milton Keynes-Winslow. There is also a number of Winslow community bus services.

The business is prominently situated on the outskirts of the town in a main road position and is well signed and noticeable. There is free on street parking nearby as well as a free car park opposite.
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