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Substantial Sized Pub With Separate Café Ifield For Lease

Crawley, West Sussex
Asking Price:
£99,995
Sales Revenue:
£234,502
Cash Flow:
Available on request

Business
Hilton Smythe are delighted to present to the market The Pelham Buckle, owned by our client since 2002 and now offered for sale due to his wish to concentrate on other business interests.

The business is renowned for both its traditional pub services as well as its busy cafe operation run from a separate room within the pub. Our client advises us there is a spilt of 50% wet and 50% food trade.

The cafe comes with its own entrance and customer toilets and only operates for breakfast and lunchtime meals with a minimum of 36 covers; however, due to the closure of the 2 pubs in the area, we feel by extending the hours and adding an evening menu the purchaser could easily double the current food sales.

The main bar lounge room is very popular with locals wanting to hold parties, christenings and wedding functions and can easily accommodate sit down covers of 80, adding the cafe area, covers could be increased to 120.

The external areas include a side garden able to accommodate 100 people, outside terrace 40, pavement area potential for a further 60 covers and rear garden 140. In the summer our client offers BBQs in the rear decked garden area, which is able to accommodate 140 people.

The business would suit an experienced food led couple wanting to drive the food side including any local outside catering events.

Currently the bar is run to suit and operates on members only entry basis. There are 3 darts teams, 2 pool teams and 1 football team; allowing for a repeat customer base.

Our client offers weekly entertainment including karaoke, singers and bands. Majority sold on a ticket only basis and occasionally includes an evening buffet.

The pub operates on a free of tie basis which allows greater freedom on purchasing. Currently the pub sales are split 80% beer, 10% spirits and 10% wine sales.

Location
The Pelham Buckle occupies a large trading position on Ifield drive in Ifield, Crawley, West Sussex.

The popular public house sits at the top of a busy parade of community shops and is set in the heart of a large residential estate on the outskirts of Crawley. There is a new housing development of 282 new homes under construction directly in front of the pub which undoubtedly increases footfall to both the pub and local shops.

Ifield is a former village and close neighbour to the town of Crawley and popular with commuters to the town, Brighton which is 22 miles south and London which is 32 miles north.

There is a busy bus stop on the same side of the business and mail line station only 2 minutes away.

A large carpark for 20-25 cars is located to the left of the pub, with 5 extra designated spaces for staff.

Premises
Main bar –
Central bar servery with 11 points of dispense, glass fronted display chillers, shelving, till point, optics and an ice machine. Licenced for 100 but previously 170. Selection of low tables and stools, fixed budget seating, raised tables and bar stools.

Separate ladies and gent’s toilets.

Pool room with owned pool table, stools and tables.

Entrance onto the rear decked garden and BBQ area.

Cafe –
Separate entrance, 36 covers with solid wood tables and chairs, toaster and glass fronted drinks chiller.

Ladies and gent’s toilets.

Entrance onto the side terrace.

Kitchen –
6 x freezers, gas oven, electric hob, microwaves, large extraction unit, stainless steel preparation tables, fryers, fridges and storage shelving.

Additional preparation room –
Insulated garage space includes 4 freezers, stainless steel storage racking, 2 8foot preparation tables.

Cellar –
Same level cellar room with 11 points of dispense.

First floor –
2 x double bedroom.
2 x single bedrooms.
Large sitting room.
Bathroom.
Separate toilet.

External –
Large rear decked garden, side terrace, pavement area and side garden.

Tenure
The business is being sold as a Leasehold opportunity.

Renewable rolling lease.
3/1 years remaining.

Rent paying £58,300 per annum.

Hours
Café
Monday to Friday: 7.30am – 2pm
Saturday: 8am - 2pm
Sunday: 8am – 2pm

Bar
Monday to Thursday: 12pm – 11pm
Friday and Saturday: 11am – 12am
Sunday: 12pm - 10pm

There is a licence in place to serve alcohol 9am - 1am 7 days a week; if any new buyer would like to extend the current opening hours.

A 24 hour licence is available for New Year’s Eve and New Year's Day.

Staff
Owner and partner run, with help from 5 fixed contracts staff doing 16 hours each.

Financial Profile
As of 2016 accounts, turnover was circa £235,000, with a gross profit of 64%.

Property Information

Property:

Leasehold

Contact Information

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