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Popular Pub For Sale in Hampshire

Southampton, Hampshire

£39,950 +SAV

Ref: 2407 I

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Description

Hilton Smythe is delighted to welcome to the market this well-established and popular country pub, which is surrounded by residential properties and beautiful countryside views in Hampshire. The old established business has been in our clients careful ownership for the past 20 years, and is only now being offered to the market due to our clients desire for a well-deserved retirement. The business operates 7 days per week and generates a turnover in the region of £156,000 per annum, with a gross profit of approximately 42%. The business currently offers a wide range of beers, wines and spirits, as well as soft drinks. Our client has built up an enviable reputation within the area and boasts a loyal customer base, benefiting from word of mouth referrals and a vast amount of repeat trade. The property has been extremely well maintained and decorated to a very high standard. Furthermore the property boasts one bedroom owners accommodation to the first floor. We believe there is scope to increase the turnover by extending the opening hours of the business, as well as introducing hot and cold food. A new owner could also embark on a marketing campaign to highlight the business. A website could also be launched to promote the business. This is an excellent opportunity for a new owner, perhaps a husband and wife team, to take this business to the next level; therefore early viewing must come highly recommended.

Tenure

Leasehold

We are advised Leasehold: Original lease length: 15 yearsRemaining lease length: 7 yearsRent: £12,669 per annum

Hours

The business is open: Monday – Friday: 1.00pm – 10.00pmSaturday – Sunday: 12.00pm – 11.00pm

Staff

The business is owner run and managed with a few part time staff members.

Financial Profile

The business generates a turnover in the region of £156,000 per annum, with a gross profit of approximately 42%.

Location

The Pear Tree Inn is ideally located close to the village of Boltley in Hampshire. The public house is situated on the busy Winchester Road and benefits from a vast amount of passing trade. The property boasts a large car park to the side for approximately 40 vehicles. Botley is a historic village in Hampshire that obtained a charter for a market from Henry III in 1267. The fine market hall, which was built in 1848, and the old coaching inns can be found on the High Street, together with many interesting houses. The area of the business is served by public transport, with a bus stop just a minutes walk away from the property. The nearest railway station is at Hedge End, approximately 2 miles away. The area is also well served by the A-roads, with the A334 within easy driving distance, which links to the enormous A-road and motorway networks. Southampton is approximately 8 miles away, Winchester is 10½ miles away and Portsmouth is 15½ miles away.

Premises

Substantial two-storey premises in a prime trading location, briefly comprising: Ground floor: Main bar area with: Three sided wooden serve over bar with 14 x points of dispense, mixer dispenser, glass fronted cooling unit, glass washer, ice machine, electronic cash register and optics display.Purpose built wooden structure above bar.Approximately 5 x high top stools.Bench style upholstered seating.Several upholstered chairs.Several tables. Small snug area with bench style seating and tables. Large screen TV. Dart room with side seating areas. Ladies and gents WCs. Owners accommodation: Ground floor: Small kitchen with cooker, duel deep fat fryer and refrigerator/freezer. First floor: Two bedrooms.Lounge.Bathroom. External with: Small parking area to left, used by owner and family.Covered smoking area to left.Large car park to right for approximately 40 vehicles.Large grassed play area with children`s play equipment.Seating area with 2 x bench seats and brick built barbeque area.Garden shed to left of property.Free standing brick built function room, also used by owner for skittle evenings.

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