Public House Business For Sale in Bognor Regis West Sussex

Bognor Regis, West Sussex, England

Advert Ref: 3254

Business Description

Preferred Commercial is delighted to offer for sale this popular town centre public house, which was established in 1864 and which has been in our client's careful hands since 2004. The business is only now being placed on the market due to our client's wish to retire. The pub opens seven days a week and generates a turnover in the region of £241,000 per annum with a gross profit of 53%, derived from mainly wet sales. A new owner could easily increase turnover by employing a chef and offering food, for which we believe there is a huge demand. There is also scope to embark on a modest marketing campaign and to introduce a web site to further promote the business. The pub boasts excellent reviews on various web sites, particularly for it's warm welcome and friendly staff, as well as its traditional independent pub atmosphere. The property boasts generously sized 3-bedroom owners' accommodation to the first floor. We feel this is an ideal opportunity to acquire a thriving town centre public house with immense scope for future growth. Early discussions with Preferred Commercial must come highly recommended.

Business Status

Business for sale

Property

Leasehold

Lease Terms

Original length: 20 years Remaining: 8 years Review: every 5 years Rent: £38,500 per annum

Location

The Alex is situated on a prominent high street location in the centre of the town of Bognor Regis in West Sussex. The pub is surrounded by a wealth of shops and boasts a high daily footfall. There is ample car parking in the vicinity and there are several bus stops and the railway station within easy walking distance. Bognor Regis is a busy holiday resort, popular with day trippers and holiday makers, as well as being home to a Butlin's Holiday Resort. The Esplanade and beach is less than half a mile from the pub. The area is easily accessed via the A29 and the A259. Chichester lies approximately 7 miles to the northwest, while Worthing lies 15 miles to the east.

Premises Details

2-storey town centre public house premises with 3-bedroom owners' accommodation. Briefly comprising: Ground Floor • Main bar lounge decorated in a traditional style with exposed beams and carpeted floor, 2 separate dining areas with tables and chairs for 28 covers, bar stools and further seating, main bar servery with beer pumps, optics display, bottle chiller, glass display shelving, electronic cash register, glass washer and Altro flooring • Well-equipped commercial kitchen First Floor Owners' accommodation accessed via a spiral staircase and comprising: • Lounge • Office • 3 x double bedrooms • Family bathroom External • Patio and smoking area to rear • Ladies and gents WCs • Temperature controlled cellar

Trading Hours

Mon - Thurs: 10.00am - 11.00pm Fri - Sat: 10.00am - 12.00am Sun: 10.00am - 5.00pm

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Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.