B West Midlands £110,000 Public House | | Undisclosed West Midlands | | PUBLIC HOUSE WEST MIDLANDS REF: 8555 B ASKING PRICE: £110,000 LEASEHOLD + SAV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 14327
ADVERT IMPRESSIONS : 32,113 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | LEASEHOLD: | £110000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Advent Business Sales have been instructed
to offer for sale this popular pub.
Established almost 50 years ago and in the
hands of the current vendor for the past
three years, it is now reluctantly offered for
sale due to the vendor’s personal
commitments.
The public house is split into two main
areas, one of which is a restaurant/bar area
which can easily seat 50+ people. The other
area is more of an entertainment area with a
pool table, darts boards and plasma screens
for sporting events.
The pub has darts, pool and domino’s teams
(men’s and women), which has proved
extremely popular and ever increasing.
The sales split is currently 80% wet 20% dry.
We have been advised that the turnover has
increased significantly and the trend has not
buckled as the vendor is forecasting growth
in the coming year.
At present there are 9 employees, 4 working
20 – 25 hours per week and 5 covering
approximately 16 hours each. In addition,
the vendor and his partner work full time to
boost the complement of staff to 13.
A new smoker’s enclosure has recently been
built to the side of the building.
There is a large beer terrace and children’s
play area making this an excellent family
pub.
EXPANSION POTENTIAL
Although already a well managed business,
there is further scope in increasing sales by
offering more choice and value in the
restaurant area, which will increase the food
sales percentage considerably.
OPENING HOURS
Mon – Sat: 12noon – 12 am
Sun: 12 noon – 11pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual Sales: £420,000
Gross Profit: 50%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES:
This immaculately presented public house
has undergone major refurbishment and has
benefited from new décor and rewiring
throughout and briefly consists of:
Ground Floor:
Main lounge/restaurant (seating for
50+)
Carving area
Bar
Entertainment – sports bar (capacity
approximately 100)
2 x plasma screens, 1 x multimedia
screen
3 x darts boards
1 x pool table
karaoke/live music area
Commercial kitchen fully equipped with
6 burner gas oven, grill 2 x twin fryers,
range of fridge/freezers, microwave,
sinks and drainers
First Floor:
Family lounge
4 large double bedrooms
family bathroom (with additional
shower)
separate w/c
fully fitted kitchen
External:
Large basement, storage and cellar areas
TENURETENURE: Leasehold
LEASE: 21 years
TERM REMAINING: 19 years
REVIEW EVERY: 5 years
RENT: £52,000 per
annum
We are advised that the annual business
rates are currently: £5,300
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office. | | | | | | FOR SALE | | | | | REFERENCE: | 8555 B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
