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Exceptional And Unique Bar Restaurant And Leisure Venue For Sale

Undisclosed, West Midlands
Freehold Price:
£1,500,000
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Status
FOR SALE
Advert ID
226964
Reference
4604 / Rightbiz

Details

EXCEPTIONAL BUSINESS & LEISURE ENTERTAINMENT VENUE  - WEST MIDLANDS
HIGH STREET LOCATION 
Good reputation with regular and repeat trade
Genuine reason for sale due to retirement
Owners will assist in transitional period
Situated in the busy town of Bearwood
Potential venue capacity of 1800 
Ideal partnership opportunity
Walk in condition
FREEHOLD

Business History

Meridian Business Sales are privileged to offer to the market this leisure business which was established in 1930 and has been in the careful hands of our client for the past 35 years. The only reason this rare business is being offered to the market is due to our clients desire to take well deserved retirement. Since our client took over the business they have invested time and money in the business and premises, meaning it is in full walk in condition. They have continually added new lines and income streams which have enhanced the business massively. Our client informs us that the annual income currently generates a highly respectable turnover & gross profit, which is derived from serving lunch and evening meals, in licensed 60 cover premises, serving a variety of foods including English, Spanish and Indian together with providing the perfect back drop for events and evenings out. The current owners have had some success operating as a Live Band and Entertainment venue although this area has not been exploited to its true potential, with the space on offer this market would prove to be lucrative. There is daytime entertainment with live acts in the evenings together with themed nights such as curry and chilli nights. There is an additional function room providing 80 covers for private functions. There is a fully equipped bar and a games room with 15 snooker tables. Our client has a very strong reputation within the community and, as such, sees a high level of regular and repeat trade together with word of mouth recommendation. The development opportunity is massive; there is potential for multi use leisure/hotel/restaurant/casino or development into houses or flats, STPP, which may increase income. The business is currently owner operated and our client is happy to assist during the transition period. The business may benefit from the creation of a professional website which would advertise the business further afield. This is a superb opportunity to purchase a well established business which is a great base to build upon and as such early viewing is strongly recommended. Viewing is highly recommended to fully appreciate the capacity and space on offer

Seller Details
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Listing Details
Freehold Price: £1,500,000
Tenure: Freehold
Sector: Theatres, Accommodation Businesses, Recreation Businesses
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