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BUSINESS REFERENCE : 1548 / RightBiz FREE OF TIE LEASEHOLD PUBLIC HOUSE | | | | | | FREE OF TIE LEASEHOLD PUBLIC HOUSE - WEST BROMWICH Excellent price for leasehold free of tie opportunity Densely populated residential area in Birmingham | | | BUSINESS LOCATION: | West Bromwich West Midlands UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SELLER: | Agent Sale | LEASEHOLD: | £35000 | | | | | | | | | | | BUSINESS DETAILS: | FREE OF TIE LEASEHOLD PUBLIC HOUSE - WEST BROMWICH
Excellent price for leasehold free of tie opportunity
Densely populated residential area in Birmingham
Turnover £3,000pw with huge growth potential
Large self contained living accommodation
Sizable Bar / lounge and function room
Early viewing essential
LEASEHOLD
Location
The public house benefits from having a prime, highly visible trading location in West Bromwich, Birmingham. The public house is surrounded by good quality residential properties and a small selection of commercial businesses. There are many residences within walking distance which supply a consistent flow of customers throughout the year. West Bromwich is a very popular business and residential area due to its fine housing, excellent central shopping facilities, good schools and NHS services, historic attractions and easy motorway access. The public house is less than 3 miles away from the M5 motorway making visiting and commuting very easy.
Business History
Meridian Business Sales are truly delighted to offer for sale this very rare free of tie public house which has a trading history dating back to 1940's. Since 2007, the business has been owned by our client who is only now placing it onto the market due to his strong desires for a change in lifestyle. The business which is run and managed by our client with the assistance of staff achieves an average weekly turnover of £3,000 derived from the sale of beers, wines and spirits to a wide range of customers.
The public house is completely free of brewery tie meaning that the owner has the ability to purchase goods from the best priced wholesalers assuring that the highest profit margins are achieved throughout the year. The public house has always enjoyed excellent levels of repeat trade and new customers appear from good word of mouth recommendations. The property also offers first floor sizable private living accommodation which is a huge advantage to a new owner. This is a truly rare opportunity and we recommend early viewing.
Financial Profile
Turnover: 3,000pw
Gross profit: 49%
Stock: 1,500 (approximately)
Tenure
Leasehold
Original length: 5 years & 6 months
Remaining: 4 years & 6 months
Rent: £2,856 pcm
Opening Hours
Monday - 3.00pm - 12.00am
Tuesday - 3.00pm - 12.00am
Wednesday - 3.00pm - 12.00am
Thursday - 3.00pm - 12.00am
Friday - 12.00pm - 12.00am
Saturday - 12.00pm - 12.00am
Sunday - 12.00pm - 12.00am
Accommodation
Well presented two story detached property featuring open plan bar / lounge, sizable function room, 3 double bedroom living accommodation, beer garden and large private parking, briefly comprising:
GROUND FLOOR
Main front entrance
Bar / Lounge featuring fitted bar with 6 pumps
Rear spirit displays
Glass storage, drinks fridges
Fitted seating with additional tables and chairs
Pool table with surrounded fitted seating
Toilets, Male and Female
Function room, featuring large open plan space
Fitted seating with additional tables and chairs
Fitted bar with 2 pumps
Rear spirit displays
Glass storage and fridges
Cellar, large with sizable storage space
Storage areas
FIRST FLOOR
Private living accommodation (self contained)
Landing corridor accessing:
Kitchen, fitted cupboards
Work surfaces and wash facilities
Living room
3 x double bedrooms (large)
Bathroom, family sized with toilet bath and wash basin
EXTERNAL
Car park, sizable front and side of property
Beer garden, private sectioned off area (sizable with benches)
Barbeque area
Patio area with bench seating | | | | | CONTACT: | MERIDIAN BUSINESS SALES | | TELEPHONE: | 0845 222 0508 | | REFERENCE: | 1548 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
