Location
The Crown occupies substantial detached 2-storey premises, ideally located in the town of Didcot, Oxfordshire. The business is situated in a densely populated residential area and enjoys a high footfall and much passing trade. The local amenities are nearby, including schools and a hospital. The town centre is a short distance away and has a range of complementary shops and businesses. The area is well-served by public transport with numerous bus stops and a railway station. Didcot is a highly desirable place in which to live and work and is also surrounded by picturesque countryside. The premises boast easy access to the A-road network, including the A34. Abingdon lies 6 miles to the north, while Oxford lies 12 miles away and Reading is 17 miles to the south east.
Business History
Preferred Commercial is delighted to offer for sale this popular public house and restaurant, which was established in 1950 and which has been in our clients’ careful hands since 2002. The pub is only now being offered to the market due to our clients’ wish for a change in career. The business trades 7 days a week and generates a turnover in the region of £234,000 per annum with a gross profit of 57%. Our clients offer a wide range of alcohol, including real ales, fine wines and spirits. The restaurant is let out and run as an Indian restaurant generating a rental income £150 per week. A new owner could, if desired, run the restaurant and change the cuisine. There is also scope to embark on a modest marketing campaign and perhaps establish a website. The pub is well-supported by the local community and is home to pool, darts, dominoes and crib teams. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout. The property boasts 3-bedroom owners’ accommodation to the first floor. This is an ideal opportunity to acquire an already busy pub with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £234,000 approx.
GP: 57%
Opening Hours
Mon – Sun: 11:30am to 11:00pm
Accommodation
Substantial detached 2-storey public house premises with restaurant and 3-bedroom owners’ accommodation. Briefly comprising:
Ground Floor
• Bar with perimeter seating, Pool table dart oard, 3 x electronic games machines, projector screen, ATM, feature fireplace, wooden bar servery with 8 points of dispense, optics display, 2 x chillers and juke box
• Lounge/restaurant with brick fireplace, log burner, stage, karaoke system, TV, electronic games machine, jukebox, bar servery with 11 points of dispense, electronic cash register and optics display
• Ladies and gents WCs with wash hand basin
• Commercial kitchen with stainless steel work surfaces, sink unit, refrigerator, freezer, 6-burner range, double fryer, microwave oven and clay oven
Lower Ground Floor
• Beer cellar
First Floor
• 3 x bedrooms
• Lounge
• Bathroom
External
• Covered smoking area to rear
• Beer garden
• Aunt Sally pitch
• Large parking area to front
Tenure
Leasehold
Original length: 5 years
Remaining: 3 years
Review: every 5 years
Rent: £25,000 per annum
To view this business please contact Rod Burney at Preferred Commercial or a member of the sales team on Tel:08448 711484 and quote Ref:3223 at an asking price of £85,000 Leasehold.