Business Summary

Falcon Commercial are delighted to offer for sale this established Public House & Restaurant which enjoys all the considerable commercial and private advantages of a fantastic trading position affording spectacular views over Portsmouth Harbour to Portchester Castle, and with excellent access to major road and motorway links (A32, A27 and M27 etc.) in the vibrant satellite town of Gosport on the Hampshire coast.

Operating from substantial detached premises of enormous charm and character, which have been sympathetically converted and modernised over the years whilst retaining a wealth of interesting original features, the business has become an important focal point of the community in the course of many years’ highly successful trading by providing all the extremely well fitted traditional bar facilities associated with an establishment of this kind and is locally renowned for its full and varied menu of classic a la carte pub meals, snacks and Sunday lunches, including an excellent choice of seafood dishes

The Jolly Roger is run by our clients with help from a dedicated team of full part time staff; it generates a turnover in the region of £750,000 per year and enjoys an overall gross profit in the region of 55%. Business could be increased by adopting a more vigorous marketing policy of its excellent existing facilities and services, particularly through its informative dedicated website, in order to improve upon the already impressive levels of turnover and profitability it is achieving in the hands of the current proprietor. This rarely available opportunity is not to be

The Premises

Fitted and presented to superb industry specifications throughout, this substantial and lovingly maintained THREESTOREY LEASEHOLD DETACHED LANDMARK CHARACTER PREMISES occupies an outstanding trading position enjoying superb harbour side views and provides excellent internal business accommodation which briefly comprises:

GROUND FLOOR

Split-level public lounge bar with feature original open working fireplace, wealth of exposed timberwork and good mix of loose and fixed furnishings, which may comfortably accommodate up to 20 covers for general dining purposes and houses a prominent, fully fitted timber-panelled licensed servery with full range of optics, chilled bottle display cabinets, draught and handpulled cask pumps and electronic till/food ordering points etc.
Conservatory-style extension with timber flooring and separate patio door access, and to the property’s main, tastefully furnished and appointed
Dedicated restaurant with a wealth of exposed original timber and brickwork, which may comfortably accommodate in excess of 80 covers
5-star hygiene rated commercial kitchen with extraction system housing ample stainless-steel work surfaces, storage units etc
Preparation/washing-up kitchen area and a full range of modern, high quality catering appliances.
Gents Toilet
Ladies/disabled cloakroom/WC
Staff cloakroom/WC,
Fully fitted and equipped trade beer cellar
FIRST FLOOR PRIVATE LIVING ACCOMMODATION which consists of a

Spacious lounge with spectacular harbour views
kitchen/breakfast room housing ample work surfaces, quality wall and base storage units, fitted sink unit and a full range of modern appliances
2 x good-sized double bedrooms
Bathroom with separate WC.

SECOND FLOOR

Is currently employed for storage purposes, but would afford excellent potential for conversion to additional accommodation with private or bed and breakfast letting options.

External

Car park with security barrier capable of accommodating approximately 20 vehicles (including a
disabled bay)
Patio terrace trading area providing additional external dining covers with harbour views
Service yard area with access for deliveries
Freezer store.

Note

The property also enjoys the benefit of gas central heating, in addition to the added security benefits of CCTV

monitoring and full fire and intruder alarm systems.

Financial Information

Current turnover in the region of £750,000 per annum, net of VAT (split approximately 60% wet sales; 40% food)

based on a barrelage consumption of approximately 350 per annum with scope to increase. GP circa 55%.

Lease

The premises are being offered with the benefit of a long secure 20-year lease issued by the Punch Taverns group

with approximately 10 years of the current term remaining and reviews every 5 years.

Rent

The current rent stands at £70,000 per annum.

Business Rates and Council Tax

We are advised that the Business Rates payable currently stand at approximately £20,000 per annum (after relief)

and the Council Tax is £1,200.

Trading Hours

Monday to Saturday 11.00am to 12 midnight

Sunday 12noon to 12 midnight

missed and early negotiations with Falcon Commercial come highly recommended.

Property Details