Pub · Asset saleUnder offer
Freehold Country Inn with Six Letting Rooms, Gloucestershire
Cheltenham
£1.15masking
- Turnover
- £1.34m
- Tenure
- Freehold
No checks on file yet
Pubs & bars for sale
1 business listed
The tie is the first thing to establish. A tied lease constrains buying prices and therefore gross margin in ways the profit line will not explain on its own, and free-of-tie and freehold pubs trade on quite different multiples.
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Buying or selling a pub
- How much does it cost to buy a pub in the UK?
- Pubs & bars are usually priced on a multiple of adjusted profit, and businesses in the hospitality & food group typically change hands at 1.5 to 3 times that figure, on the basis of adjusted profit, leasehold. Where a freehold is included, the property value is added on top rather than multiplied. The range within a sector is wide, because the multiple reflects how much of the business depends on the current owner rather than what the business does.
- How many pubs & bars are for sale on Attainer?
- There is currently 1 business listed in this sector. The number is a live count from our database rather than a claim, and it changes as listings are published, sold or come to the end of their term.
- Why can I not see the name of a pub that is for sale?
- Most owner-managed businesses are sold confidentially, because staff, customers and suppliers who learn about a sale before it completes can damage the business being sold. Listings are published as anonymised teasers, and the name and detailed financial information are released once you have signed a non-disclosure agreement. It is a normal part of the process rather than a sign that something is being withheld.
- What should I check before buying a pub?
- The areas that most often produce a genuine problem are the lease and its unexpired term, customer concentration, whether the management accounts reconcile to the filed accounts, and how much of the trade depends on the current owner personally. Verify the adjusted profit line by line with the evidence behind each adjustment, because that figure is what the price is a multiple of.
Guides to buying a businessHow businesses are valuedValue a pub
Related sectors
Buying or selling one
- What is a pub worth?An indicative range for this sector, narrowed by the five things that move a multiple.
- How to buy a business in the UKHow to buy an established UK business: what to look for, finding one, approaching a seller, making an offer, and getting to completion.
- Business sale multiples by sector: what the data saysTypical UK profit multiples by sector for owner-managed businesses, why published averages mislead, and what moves a multiple within its range.
- Due diligence when buying a business: the checklistA due diligence checklist for buying a UK business: financial, legal, commercial, employment, property and IT enquiries, and why each matters.