GLOUCESTER CITY- HIGH TRADING FREEHOUSE
Gloucester, Gloucestershire
Ref: 2377
Freehold £550,000
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Key Features
Precis
A well established community freehouse located in the heart of the city in a residential area. It has a high level of trade, well established over the 30 years of our clients ownership.
Location
The city of Gloucester stands on the banks of the River Severn on the edge of the Cotswolds. It is renowned for its 11th century cathedral and has an expanding population of 133,000 attracted by the cities beauty but also by it’s strategic location, standing alongside the M5 motorway from which it is accessed by three junctions being not far from the intersections with both the M50 and the M4 motorways.
The subject property, One Eyed Jacks, is a well established community freehouse located in the heart of the city in a residential area. It has a high level of trade, well established over the 30 years of our clients ownership. It is one of the highest trading freehouses within the city. It offers easy to operate bar areas, owners accommodation, good external areas and a high level of trade based purely on wet sales with its annual barrelage of 500. It is well presented and maintained, and is briefly described as follows:
The subject property, One Eyed Jacks, is a well established community freehouse located in the heart of the city in a residential area. It has a high level of trade, well established over the 30 years of our clients ownership. It is one of the highest trading freehouses within the city. It offers easy to operate bar areas, owners accommodation, good external areas and a high level of trade based purely on wet sales with its annual barrelage of 500. It is well presented and maintained, and is briefly described as follows:
Property
TRADE AREAS
Entrance vestibule provides access into MAIN BAR area which has boarded floors throughout and split levels, the trading areas are around a central bar servery which has featured bowed boarded frontage giving a traditional beer barrel effect to the counter. The room has a fixed ribbed draylon upholstered seating, traditional chairs and tables currently to accommodate seated 40+ customers. Rear LOUNGE with counter to central servery having ladderback chairs and some fixed seating for 36 or so customers and standing space for more. Feature fireplace with real effect gas fire installed. To the rear is a GAMES AREA with skittle alley, with woodsprung alley and are turn shoot and further seating for 18 or so customers, and a run of gaming machines. Double door access onto rear TRADE GARDEN. Set of ladies, gentlemen’s and disabled CUSTOMER TOILETS.
At basement level is a two section BEER CELLAR. Delivery access is from the side of the premises.
OWNERS ACCOMMODATION
At first floor is the owners accommodation comprising of three BEDROOMS, two double and one single (used as an OFFICE), private LOUNGE, domestic KITCHEN with fitted units and separate SHOWER ROOM.
EXTERNAL
To the rear of the property is an L-shaped TRADE GARDEN, covered in two sections and providing seating for 60 or so customers. There is a lined tarmacadem CAR PARK with space for 7 vehicles and also a raised bike rack.
Entrance vestibule provides access into MAIN BAR area which has boarded floors throughout and split levels, the trading areas are around a central bar servery which has featured bowed boarded frontage giving a traditional beer barrel effect to the counter. The room has a fixed ribbed draylon upholstered seating, traditional chairs and tables currently to accommodate seated 40+ customers. Rear LOUNGE with counter to central servery having ladderback chairs and some fixed seating for 36 or so customers and standing space for more. Feature fireplace with real effect gas fire installed. To the rear is a GAMES AREA with skittle alley, with woodsprung alley and are turn shoot and further seating for 18 or so customers, and a run of gaming machines. Double door access onto rear TRADE GARDEN. Set of ladies, gentlemen’s and disabled CUSTOMER TOILETS.
At basement level is a two section BEER CELLAR. Delivery access is from the side of the premises.
OWNERS ACCOMMODATION
At first floor is the owners accommodation comprising of three BEDROOMS, two double and one single (used as an OFFICE), private LOUNGE, domestic KITCHEN with fitted units and separate SHOWER ROOM.
EXTERNAL
To the rear of the property is an L-shaped TRADE GARDEN, covered in two sections and providing seating for 60 or so customers. There is a lined tarmacadem CAR PARK with space for 7 vehicles and also a raised bike rack.
The Business
Our client has operated the business for 30 years and One Eyed Jacks is without doubt one of the best established highest trading freehouses in the city of Gloucester.
Accounts for year ended 30 September 2024 show takings net of VAT of £566,523. A gross profit of 64% is achieved and this trade is almost derived purely from wet sales, although there is a healthy amount or machine income.
The strength of the wet sales/local custom is highlighted by the annual barrelage figures that exceed 500 per annum. This would make the property of particular interest to pub companies, multiple operators and both local and regional brewers.
Accounts for year ended 30 September 2024 show takings net of VAT of £566,523. A gross profit of 64% is achieved and this trade is almost derived purely from wet sales, although there is a healthy amount or machine income.
The strength of the wet sales/local custom is highlighted by the annual barrelage figures that exceed 500 per annum. This would make the property of particular interest to pub companies, multiple operators and both local and regional brewers.
Tenure
FREEHOLD £550,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held. Permitted to retail between the hours of 07:00—00:00 7 days per week.
Enquire about this listing
Robin Mence
Midlands
Ref: 2377
