Pub company for sale in Teignmouth Devon with a loyal customer base and prime locations

Description

Business name: Enlighten Inns

Business type: regional pub company

Founded: 2009

Operating area: Devon and Somerset

Portfolio guide price: £1,200,000

Portfolio

• Traditional public houses
• Community-focused venues
• High Street locations
• Wet-led trading
• Freehold and leasehold premises

Business History

The company was formed following the acquisition of former Peninsula Inns properties.

Trading history under Enlighten Inns: more than 15 years

Financial Information

Group turnover: approximately £1,382,000

Group EBITDA: approximately £341,000

Annual beer volume: approximately 1,030 brewers’ barrels

Estimated yield stated by the seller: approximately 25% against guide price and EBITDA

Operating Model

• Self-employed operators
• Profit-share arrangements
• Established local customer bases

Existing operators: may remain by agreement

Vacant possession: available as an alternative

Sale Structure

Preferred transaction: sale of the group

Individual pub sales: considered

VAT

Quoted price: exclusive of VAT

VAT, if applicable: payable by the purchaser

Possible transaction treatment: Transfer of a Going Concern

VAT position and available reliefs: subject to professional advice

Reason for Sale

Proprietor’s retirement

Confidentiality

• Sale process is confidential
• No direct contact with staff
• No direct contact with customers
• No approach to the individual pubs