Excellent Leasehold Public House | | Tamworth Staffordshire | | EXCELLENT LEASEHOLD PUBLIC HOUSE - STAFFORDSHIRE 4 bedroom self contained private living accommodation Advised turnover £6,500 pw with good profit returns | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67127
ADVERT IMPRESSIONS : 11,621 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £40000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | EXCELLENT LEASEHOLD PUBLIC HOUSE - STAFFORDSHIRE
4 bedroom self contained private living accommodation
Advised turnover £6,500 pw with good profit returns
Situated in a popular residential area in Tamworth
Ideal lifestyle change opportunity business
Early viewing essential to fully appreciate
Very well presented throughout
Scope for further development
Reduced for quick sale
LEASEHOLD
Location
The public house has an ideal location in the beautiful town of Tamworth, Staffordshire. The business stands proud on a main through road with a fine display of neighbouring residential homes. There is also some neighbouring commercial businesses which draws shoppers and visitors to the location throughout the year. The business also benefits from being situated in a densely populated area and enjoys the local customers who have been regularly visiting for many years. Tamworth is a very popular business and residential town due to its fine housing, good schools, NHS services, excellent central shopping facilities and many attractions. The location offers easy access to Birmingham International Airport, The NEC, The Belfry golf course and Birmingham city centre. There are also a wealth of tourist sites, historic buildings and county parks within a short travelling distance. The location also benefits from being situated less than 7 miles away from the M42 motorway making visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this exceptional public house which has a proud history dating back to 1975. Since 2008 the business has been owned by our clients who are only now placing it onto the market due to their interests in other business ventures. The business which is run and managed by our clients with the assistance of staff achieves a very respectful advised weekly turnover of £6,500 which is derived from the sale of a fine selection of beers, wines, spirits and associated hot and cold beverages. The business is a good old fashioned drinkers place with approximately 10% of the turnover being from dry sales which could be increased by a new owner if so desired. The business has always enjoyed excellent levels of repeat trade with many of the customers being regulars and visiting for many years. The public house also sees a healthy amount of new customers from good word of mouth recommendation from happy visitors. The property is very well presented throughout and offers 4 bedroom self contained living accommodation which is a huge advantage for someone who does not currently live locally. Our clients are also including all fixtures and fittings in the sale price which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future. We feel that this business offers a new owner an excellent base to build upon and we urge early interest in this charming public house.
Financial Profile & Tenure
Turnover: £6,500pw, Gross profit: 62%
Stock approximately: £3,000
Leasehold - Original length: 9 years
Remaining: 8 years, Rent: £45,000pa
Opening Hours
Monday to Thursday: 12:00pm - 11:00pm
Friday & Saturday: 12:00pm - 12:00pm
Sunday: 12:00pm - 11:00pm
Accommodation
Very well presented large public house offering large bar, lounge with seating for 40 covers, fully fitted stainless steel commercial kitchen, beer garden, and 4 bedroom private living accommodation.
GROUND FLOOR
Entrance from car park leading to open plan lounge area comprising of fitted bar with pumps, drinks chillers, rear spirit displays and glass storage. Dining areas one being slightly raised offering 40 covers with tables, chairs and fixed seating, large bay window plus male & female toilets.
Bar - Own entrance from car park comprising of open plan bar with pumps, rear spirit displays, glass storage, drinks chillers, fitted seating with tables and chairs, 25-30 covers, darts table, pool table and projector with projector screen.
Behind bar area - Wash and preparation area, glass washer, wash sink and hand wash basin, sound system and coffee machine.
Kitchen - Fully fitted commercial kitchen, stainless steel worktops and wash basin, large extraction unit, storage shelving, 4 ring hob, griddle, double fat fryer, 2x microwaves, hand wash basin, toilet with wash basin, door access to private living accommodation, large cellar with open plan high ceiling and large door access. Storage room 1 very large and open plan. Storage room 2 very large and open plan. Garage (currently used for storage).
FIRST FLOOR
Reception landing accessing, cloak room, large living room with dining space, toilet, bathroom with bath and wash basin, fitted kitchen with worktops, wash basins and cupboards, 3 double bedrooms plus 1 single bedroom.
EXTERNAL
Front of property, picnic style benches, beer garden with lawn area and picnic benches, perimeter fencing and large off road parking facilities. | | | | | | FOR SALE | | | | | REFERENCE: | 1983 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
