Free Of Tie Public House In West Midlands | | West Bromwich West Midlands | | T/O: £300,000 GP: 65% 3-bed owners' accom Spacious premises Close to town centre | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 45576
ADVERT IMPRESSIONS : 15,137 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | FREEHOLD: | £374,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Halfway House is situated in a prominent corner location on Old Meeting Street, a busy main road in West Bromwich. The business is surrounded by a densely populated residential area from which it draws much trade. There is ample on-street parking available in the vicinity. The business lies approximately 1 mile from the town centre and junction 1 of the M5 motorway lies within 2 miles of the public house. West Bromwich lies approximately 5 mile from Birmingham on the A41.
Business History
Preferred Commercial is pleased to offer for sale this popular public house, which was established in 1920 and which has been in our clients' hands since 2006. The business is only now being placed on the market due to our clients' wish to retire. The public house generates a turnover in the region of £300,000 per annum with a gross profit of 65% derived from wet sales only, There is scope for a new owner to increase turnover by offering a food menu. The business benefits from self-contained 3-bedroom owners' accommodation above. This traditional English public house is very popular and boasts a loyal clientele. There is scope to convert to a guest house or perhaps bedsits, subject to the appropriate planning permission. We feel this represents an ideal opportunity to acquire a spacious freehold, free-of-tie public house with immense future potential. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £300,000 approx.
GP: 65%
Opening Hours
Mon - Sun: 11.00am - 12.00am
Accommodation Details
Substantial detached public house premises in a prominent corner position. Briefly comprising:
Ground Floor
• Main entrance
• Snug area with tables and chairs, log fire and perimeter seating
• Main bar area with separate entrance, log burner, 4 tables and chairs, perimeter seating, bar with 19 points of dispense, 2 x bottle chillers, optics and electronic cash register
• Lounge area with 8 tables and chairs, perimeter seating, bar with 24 points of dispense, karaoke machine
• Conservatory/games room with pool table and 4 electronic gaming machines
• Kitchen with a range of fitted wall and base units and double stainless steel sink
• Cellar area fitted to suit trade
• Ladies WC
• Gents WC
First Floor
• Bathroom with corner bath, towel rail, WC and wash basin
• Kitchen with a range of fitted wall and base units, sink and dishwasher
• Conservatory
• 3 x large double bedrooms
• Lounge
External
• On-road parking in the vicinity
• Seating areas/smoking area
• Garage
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 1665 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
