Thriving Pub/Restaurant With Excellent Reputation
Milton Keynes, Buckinghamshire
- Asking Price: £104,000 +SAV
The business generates a turnover in the region of £250,000 per annum with a gross profit of approximately 60%.
- Tenure: Leasehold
Hilton Smythe would like to welcome to the market this thriving and profitable public house and restaurant in Little Brickhill, Buckinghamshire. The business was established in the 1930`s and has been in our clients ownership since 2007.Only now is the business being offered to the market due to our client`s other business interests.
The business trades for 48 weeks a year and is closed on Mondays, as well as being closed for 3 weeks in August and 1 week at Christmas for family holidays; therefore offering massive scope to increase the turnover.
The business generates a turnover in the region of £250,000 per annum with a gross profit of approximately 60%. Our client offers freshly prepared food as well as a wide range of beers, wines and spirits. The business has an excellent reputation within the local area and further afield, which results in a loyal customer base with a vast amount of repeat trade.
The business has been completely refurbished by our client which includes the redecorating of the front of the property, the interior has been redecorated with paint and new designer wallpaper. The business benefits from four guest bedrooms all of which now have en-suites with new electric showers. A new CCTV system with 8 cameras and internet access has been installed at a cost of £8,000.
The business has an excellent website in place to advertise the restaurant side of the business and the food offered. La Collina @ The George Inn is well known as an establishment that consistently delivers on the promise of high quality. The restaurant boasts two dining areas with a combined 95 covers. The Commercial kitchen has been redecorated and tiled with new fire doors added and has gone from one star to four star by the local Environmental Health Office since our client purchased the business.
In the next few months the business has at least 15 large functions which range from birthdays and weddings to the village quiz. The business also has regular groups that hold monthly meetings, which have all booked Christmas parties at the property. The business has excellent reviews on trip advisor. We feel there is scope to increase the turnover by maybe applying for a wedding licence, as there is ample space in the rear garden for a marquee. This is an excellent opportunity for a new owner to take this very profitable and thriving business to the next level; therefore early viewing must come highly recommended.
The business is owner run and managed with 2 x full time and 4/5 part time staff members.
The business is open:
Monday and Sunday: Closed
Tuesday – Saturday: 12.00pm – 3.00pm and 6.00pm – 11.00pm
The George Inn occupies substantial two storey premises, ideally located on Watling Street within the picturesque village of Little Brickhill, Buckinghamshire. The premises boast a large private car park and are easily accessible via public transport.
The business benefits from a good traffic flow and is surrounded by mainly residential properties from which it draws much of its trade. Little Brickhill is a village in the Borough of Milton Keynes. At the 2011 census the village had a population of 407. The village, being located on a major route to London, was a staging post for mail and passenger stagecoaches.
The area has good public transport links with bus stops within easy walking distance of the property. The nearest railway station is approximately 2½ miles away. The area is well served by the A-roads with the A5 being in close proximity to the business, which links to the vast A-road and motorway networks. Bletchley is approximately 6 miles away and Milton Keynes is 8 miles away.
Substantial two storey premises, briefly comprising:
Bar area with:
20 plus covers.
2 x log burners.
Tables and chairs to suit trade.
Bar servery with 7 points of dispense, optics display, three door drinks chiller, sink, glasswasher (new), coffee machine, coffee grinder and upright chiller unit.
Garden room with 30 x covers and 2 x open fires.
Conservatory restaurant with 65 x covers, air conditioning unit and waitress table.
Ladies and gents WCs.
Commercial kitchen with:
10 x ring double oven range, microwave oven, 3 x refrigerator counters, undercounter refrigerator, dishwasher, fly zapper, double electric pizza oven, free standing electric deep fat fryer, undercounter freezer, free standing refrigerator, 2 x single basin stainless steel sink units and various shelving.
Outhouse with 2 x refrigerator/freezers.
First floor with:
4 x double bedroom with en-suite facilities and electric showers.
Large car park to front for approximately 30 vehicles.
Rear covered patio area with seating for 20 plus covers.
Benches on lawned area.
Storage shed and garage.
We are advised Leasehold:
Original lease length: 30 years.
Remaining lease length: 4 years
Review every: 5 years.
Rent: £28,500 per annum.