The Punchbowl at Paglesham is up for sale:
“This delightful destination inn is located just off the A127 near the coastal resort of Southend on Sea in the hamlet of Paglesham.
This quaint hamlet is located within the catchment area of many similar affluent villages and towns in addition to being situated close to Chelmsford, Billericay, Basildon, and Wickford and the coastal resorts of Clacton on Sea, Southend on Sea and Wallasea Island where the RSPB Wild Coast Project is situated, making this superb inn ideally situated to draw trade from the nearby surrounding towns and villages. The hamlet of Paglesham forms one of Essex?s? oldest fishing villages and the area was once renowned as a smuggling centre. Including being home to one of the more famous smugglers in the region, Hard Apple, who was actually the parish councillor and local constable William Blyth….”
The description is fair enough – except for the bit about Clacton. Seems odd though that they mention Wickford, instead of Rayleigh…
I am sure that their are other readers who are much better at accounting than I am but if I have interpreted the sales pitch correctly:
Advised sales for Y/E April 2011 circa £229,000 (incl. VAT) with reconstituted net profits (i.e. after adding back finance costs, depreciation and other expenses) of circa £55,000.
£55K profit does not seem much for an outlay of well over 1/2 million quid + god knows how many hours you would need to work. I am sure that two people with fairly good jobs could earn that together without all the hassle.