For Sale
Well Established Pub For Sale
Rushden, Northamptonshire
- Asking Price: £64,999 +SAV
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Turnover:
We are advised the business generated a turnover of circa £290,000 as of 2019, further financial information can be made available upon request.
Please quote reference B06662
- Tenure: Leasehold
***FOOD CAN'T BE SOLD***
Please quote reference B06662
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Joes Bar which is a well-established Pub / Bar / with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
There has been a public house at this location for many years and the current owner has run it for the last 11 years or so as Joes Bar during which time it has prospered accruing an impressive number of regular customers along with a great reputation. This business can truly be said to be at the heart of the local area and is well supported. The business has been a real labour of love for the owner who is a respected and well-liked member of the local community.
The business is now being sold, albeit reluctantly and with a heavy heart only due to the vendors wish to pursue a change of direction, he is keen to see his beloved Pub pass to an ambitious and entrepreneurial new owner who can continue his good work and take this already thriving business to the next level.
Joes Bar as the name might suggest is a welcoming public house that is 100% wet and free of tie. The business benefits from an alcohol licence and a club licence and has hosted many live music experiences etc. Additionally the business hosts frequent quiz nights and has live sports on numerous Wide Screen TVs throughout the premises. Customers are offered free Wi-Fi and a fantastic range of drinks including lagers, ales, ciders, spirits, wines and cocktails
The business has disabled access and customers can enjoy a generous outside seating area and a covered and heated smoking area.
The sale will include the company Facebook and Instagram pages and the business enjoys great visibility on the internet via sites such as whatpub.com, band finder.uk, & heybars.co.uk.
Joes Bar enjoys great reviews such as:
“Exceptionally friendly staff and locals and beer at decent prices”
“Very clean and well-kept compliments to the management”
“Loved it! Brilliant atmosphere“
“ Great place, brilliant service, good choice of drinks, brilliant band on, very clean and well maintained “
Reasons to Buy
- A well established business with an enviable reputation and many existing customers
- Prime trading position on a busy main road with free parking
- All fixtures and fittings included making this a real Turnkey business opportunity
- Current owner happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business
- Priced to sell
This lovely pub business is likely to attract considerable interest.
The business is owner run and managed with the help of 7 part time members of staff.
The business trading hours are as followed:
Monday to Friday - 14:00pm - 23:00pm
Saturday - 12:00pm - 01:00am
Sunday - 12:00pm- 23:30pm
Joes Bar is located in Higham Ferrers.
Higham Ferrers is a market town and civil parish in the Nene Valley in North Northamptonshire, close to the Cambridgeshire and Bedfordshire borders. It forms a single built up are with Rushden to the south and has an estimated population of 7,145. The town centre contains many historic buildings around the Market Square and College Street.
Joes Bar occupies a prominent position on a busy main road and thus benefits from high levels of footfall and passing trade along with regular custom. The business is nicely presented and maintained with clear visible signage and distinctive livery.
There is a generous car park to the rear of the premises.
Joes Bar occupies generous premises that are beautifully presented and fastidiously maintained with high ceilings and a wealth of original features. The business occupies two floors and briefly comprises:
Ground Floor
Bar
A lovely bright room , dual aspect with windows to two sides creating a light airy interior which is furthered enhanced by the high ceilings, wood effect, expensive looking flooring, feature balustrades, raised seating area with good quality tables and chairs, mood lighting, 2 wall mounted, widescreen TVs breakfast bar with stools, DJ booth, bespoke curbed bar with timber counter, illuminated spirit display, pot wash, ice machine, glass fronted drinks chillers etc
Snug
An inviting and cosy room with twin windows to front, carpet flooring, dado rail, leather effect sofas and tables and chairs, wall mounted widescreen TV, freestanding light with shade.
Cellar
Generous cellar with all beer equipment and barrel storage etc.
First Floor
Four double bedrooms, all a generous size and presented in nice decorative order, one of the rooms is currently being used for storage
Lounge
A lovely bright room and generously proportioned with high ceilings, windows to front, dado rail, dining area and two TV points
Kitchen
With window to rear, vinyl flooring, a range of light oak/ beech base and wall units with complimentary black worktop, tiled splash back in a mosaic effect, stainless steel, 4 burner gas hob, twin built in electric ovens, extractor with stainless steel canopy, stainless sink and drainer, space for washing machine and dishwasher etc.
Family Bathroom
Larger than average, recently refitted with white sanitary ware, tiled floor, P-Bath with electric shower and glass screen.
Generous hallway with storage potential.
Externally
There is a large, secure car park to the rear.
Covered seating area
With pergola type shelter, tables and chairs and wicker seating, steps leading to
Outside area
Secure with tables and chairs, AstroTurf and attractive picket fencing and ideal for Al fresco drinking during the warmer months.
Tenure
We are advised the business is being sold on a Leasehold basis with 4.5 years remaining on the Lease, the rent is £29,000 per annum.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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