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Spacious Detached Public House

Undisclosed West Midlands
City centre, WEST MIDLANDS
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 63225
ADVERT IMPRESSIONS : 20,341 TIME(S)

 
BUSINESS SECTOR: Hotels / Pubs / Accom
TRADE TYPE: Public Houses
SALE: Agent Sale

LEASEHOLD:

£97500
 

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BUSINESS DETAILS:

Features : SPACIOUS BAR with extensive internal brickwork. Bar area with tiled floor plus seating area carpeted, ceiling and wall lighting. Attractive bar with wooden servery, optics, 2 touchscreen tills, 4 glass fronted counter fridges, 11 hand pumps. Spacious seating area with tables and chairs for up to 80/90 persons plus ample standing.

Disabled cloakroom with w.c. and wash hand basin
Ladies' cloakroom with 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with 3 urinals, w.c. 2 wash hand basins

COMMERCIAL KITCHEN with non-slip floor, stainless steel extractor unit, 6-burner gas cooker, double deep fryer, 1 stainless steel deep freeze, fridge.

Storage area with 2 chest deep freezes, 1 deep freeze

Large Beer Cellar

PLEASE NOTE AT PRESENT THE TABLES AND CHAIRS PLUS FRIDGES ARE ON A RENTAL AGREEMENT FROM THE BREWERY, WHICH WE UNDERSTAND IS APPROXIMATELY £7 P.W. THIS CAN BE CONTINUED OR INDEED WE UNDERSTAND A PRICE CAN BE AGREED IN ORDER THAT THEY CAN BE PURCHASED OUTRIGHT.

Location : City centre, WEST MIDLANDS

Opening Hours : Monday & Tuesday - 10 a.m. - 8 p.m.
Wednesday & Thursday - 10 a.m. - 11 p.m.
Friday & Saturday - 10 a.m. - 1 a.m.
Sunday opening - 12 noon - 11 p.m.

Turnover : WE ARE INFORMED the turnover averages £7,000 p.w. (mainly wet sales), included in the turnover is we understand approximately £600/£700 p.w. in respect of food sales. We further understand that no food is served on a Sunday. Gross profit in the region of 50%.

Tenure : We understand the premises are held on a secure renewable Brewery Lease, having approximately 22 years unexpired at a rental of £35,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £12,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £97,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Accommodation : The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, wash hand basin
Separate w.c.
Lounge
Private Kitchen

Outside : Adjoining secure paved patio area with tables and bench seating for approximately 30/32 persons.
Private parking for 3/4 cars

Staff : The business is at present operated by the vendor on a part time basis with the assistance of his wife on a full time basis plus 7 part time staff.
   
  FOR SALE
   

REFERENCE:

H7803 / RightBiz
   
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