Town Centre Public House In Dudley West Midlands | | Dudley West Midlands | | Public house Dudley, West Midlands T/O: £312,000 GP: 50% Scope for future growth Well-equipped High footfall Loyal customer base | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68104
ADVERT IMPRESSIONS : 9,986 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £39,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Old Priory Inn occupies substantial 2-storey premises, ideally located in the heart of Dudley town centre, West Midlands. The premises boast a prominent trading position in a sought after area of the town and are surrounded by a variety of complementary shops, businesses and amenities. The town's main shopping centre and bus station are situated at the end of the road, ensuring a daily high footfall. The business boasts easy access to the A-road network and the M5 is 4 miles away. Dudley is a large town, popular with tourists and boasting attractions such as Dudley Castle and the Living Museum. West Bromwich lies 4 miles away, while Birmingham city centre is approximately 10 miles away.
Business History
Preferred Commercial is delighted to offer for sale this busy town centre public house, which was established in 1900 and which has been in our clients' careful hands since 2006. The pub is only now offered to the market due to our clients' wish for a change of career. The business trades 7 days a week and generates a turnover in the region of £312,000 per annum with a gross profit of 50%. The pub has a wet/dry split of 95/5%. The Old Priory Inn offers a wide range of ales, fine wines and spirits, along with a selection of food. We feel there is scope to increase the restaurant side of the business by embarking on a modest marketing campaign. There is also the potential to increase turnover by establishing entertainment nights, such as a karaoke night. The pub is popular with the local community and tourists alike and enjoys much repeat trade. The premises boast a spacious lounge area with a range of seating and a commercial kitchen. There is also 3-bedroom owners' accommodation with kitchen lounge and bathroom. This is an ideal lifestyle change opportunity to acquire an already busy public house with huge scope for development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £312,000 approx.
GP: 50%
Opening Hours
Mon - Sat: 11:00am to 11:00pm
Sun: 12:00pm to 10:30pm
Accommodation Details
Substantial 2-storey public house premises with 3-bedroom owners' accommodation. Briefly comprising:
Ground Floor
• Open plan lounge area with feature fireplace and seating to perimeter walls
• Large wooden bar servery with 14 points of dispense, electronic cash register, optics display, 3 x double chillers, dartboard and glass washer
• Ladies and gents WCs with wash hand basins
• Commercial kitchen with fitted units, double fryer, gas oven, double sink unit, 2 x microwave ovens and fridge-freezer
Lower Ground Floor
• Beer cellar
First Floor
• Kitchen with a range of units and wood flooring
• Double bedroom
• 2 x single bedrooms
• Utility room
• Store room
External
• Enclosed rear yard
• Shed with 2 x freezers
Tenure
Leasehold
Original length: 10 years
Remaining: 5 years
Review: every 5 years
Rent: £1,000 per week | | | | | | FOR SALE | | | | | REFERENCE: | 2731 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
