Quality Leasehold Pub Walsall West Midlands Plus Sav | | Walsall West Midlands | | Phoenix Business Agents are delighted to place onto the market this well operated public house in Walsall which has been established since 1914. The business has been in the hands of the current owner since 2001 and he now wishes to sell. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64433
ADVERT IMPRESSIONS : 13,031 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | ASKING PRICE: | £85000 | LEASEHOLD: | £85000 | ANNUAL RENT: | £26000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Brownhills area of Walsall in West Midlands.
- Prominent location on main arterial road.
- Excellent parking facilities in car park.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Area enjoying much growth and re generation.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £182,000 pa with a net profit of £30,000. (See financial summary below).
- A business with great potential which has not been exploited because the owners wish to have a family life.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a partnership or husband and wife team.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides traditional ales and food.
- The annual barrelage is 175, with 6 pumps. The food sales account for 25% of revenue.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well operated public house in Walsall which has been established since 1914. The business has been in the hands of the current owner since 2001 and he now wishes to sell due to family commitments.
Services
This very good business opportunity provides a traditional pub experience along with guest ales and food.
Staffing
The concern employs one full time member of staff who is paid £10,000 pa approx.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there are 2 other local pubs but they do not provide the same quality ales.
Market
The client base consists of locals, regulars and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include later closing times week ends.
• Increasing the product line to include more food products and more ales.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Refurbishing the front of the building and making more use of the passing trade.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property detached with a large L shaped lounge area and a bar. The public bar is to the rear with a large fully equipped kitchen and the cellar. There is also a beer garden, a children’s play area and a large car park to the front.
First Floor
On the first floor there are 3 bed rooms, an office, a lounge, a kitchen and a toilet and bathroom.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £30,000.
Financial Details
The present annual turnover is £182,000 with a gross profit of 43% and a net profit of £30,000. The wages are £10,000 pa. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Wednesday: Noon – 11 pm
Thursday to Saturday: Noon to Midnight
Sunday: 11 am to 11 pm
Tenure
The original length of the lease was 14 years with 4 years remaining. The rent is £26,000 pa with a review in 4 years. The lease may be renewable or negotiable for longer term if required. The rates are £6,000 pa.
It is a Punch lease and the landlord is tied for beers only.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £85,000 plus sav
Ref: 2196
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2196 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
