Popular Public House In The West Midlands | | Halesowen West Midlands | | Pub, Halesowen, West Midlands T/O: £156,000 GP: 40% Scope to increase turnover Loyal customer base Well-equipped Established business 3-bedroom owners' accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60965
ADVERT IMPRESSIONS : 8,137 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £34,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Vine Inn occupies substantial detached premises ideally located in the centre of a large residential area in Halesowen, West Midlands. The premises benefit from ample on-street parking and are surrounded by a variety of complementary shops and businesses. There are regular buses running through the area and the railway station is approximately half a mile away. The business boasts easy access to the A-road network and the town centre is less than 3 miles away. Halesowen is a mainly residential town that lies less than 5 miles from Dudley and Birmingham is approximately 10 miles away.
Business History
Preferred Commercial is delighted to offer for sale this popular public house, which was established in 1925 and has been in our clients' careful hands since 1999. The business is only now offered to the market due to our clients' wish to retire. The premises are well-equipped to suit the trade with a large bar area with tables and chairs, lounge with perimeter seating and beer garden to side. The business benefits from being situated in the centre of a large residential area, and enjoys a high footfall and much passing traffic. The pub has an excellent reputation and enjoys much repeat trade and word of mouth recommendations. The premises boast 3-bedroom owners' accommodation with lounge and kitchen. The pub trades all year round and generates a turnover in the region of £156,000 with a gross profit of 40%. We feel this could be further increased by offering food and serving a lunch time menu. The new owner could, if desired, establish a simple marketing campaign to generate more trade. This is an ideal opportunity to acquire an already popular public house with 3-bedroom owners' accommodation and huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £156,000 approx.
GP: 40%
Opening Hours
Mon - Thurs: 4:00pm to 11:00pm
Fri - Sat: 12:30pm to 11:00pm
Sun: 12:00pm to 10:30pm
Licensed from 7.30am - 1.00am 7 days a week
Accommodation Details
Substantial detached pub premises with 3-bedroom owners' accommodation. Briefly comprising:
Ground Floor
• Bar area with wooden bar with 10 points of dispense, glass washer, electronic cash register, optics display, refrigerator, perimeter seating, 3 x TVs, 2 x gaming machines and dart board
• Lounge area with feature exposed beams, large screen TV, perimeter seating with wooden tables, wooden bar with 6 points of dispense, optics display, wine cooler and coffee machine
• Ladies and gents WCs with wash hand basins
• Store room
Lower Ground Floor
• Cellar with cooling system and store room
First Floor
• Lounge with electric fire
• Kitchen with a range of fitted units and an gas cooker
• 2 x double bedrooms, one with built-in wardrobes
• Single bedroom
• Bathroom with bath, shower and WC with wash hand basin
• Store room
External
• Covered smoking shelter with tables and chairs, heater, side curtains and TV point
• Patio area with wooden benches and summer house
• Large car park for approximately 20 vehicles
Tenure
Leasehold
Original length: 21 years
Remaining: 3 years
Review: every 5 years
Rent: £21,000 per annum
| | | | | | FOR SALE | | | | | REFERENCE: | 2312 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
