Flagship Turnkey Pub in Wrexham £1.5m Annual Turnover

Turnkey Pub Opportunity – The Midland, Wrexham

Overview

An exceptional opportunity has emerged to acquire a thriving, fully fitted, and beautifully refurbished pub located in the heart of Wrexham city centre. The Midland, previously operating as a Wetherspoon’s, underwent a meticulous transformation by Ansloos Leisure Ltd, with a substantial investment of £250,000 in late 2023. Since its reopening in December 2023, The Midland has quickly established itself as one of Wrexham’s premier hospitality venues.

Financial Highlights

This high-performing establishment boasts an impressive annual turnover of £1.5 million for the year ending 2024. After accounting for exceptional costs, the net profit stands at approximately £253,000. The business primarily generates revenue through wet sales, which account for about 80% of total revenue with a healthy gross margin of 60%. Food sales contribute 20% of revenue with a gross margin of 40%. Additionally, machine revenue averages around £2,500 per week.

Lease and Terms

The asking price for this turnkey business is £300,000, which includes a lease assignment with nine years remaining at a monthly rent of £2,500. This represents a rare chance to step into a well-established, profitable venue with an extensive customer base.

Facilities and Equipment

The sale includes all fixtures, fittings, and systems necessary for operation, such as a £30,000 advanced AV system, a Python/smart beer dispense system, a kitchen fit-out worth over £50,000, and a full inventory of furniture, fixtures, and equipment (FF&E) along with a POS system.

Location and Growth Potential

Situated on one of the busiest streets in Wrexham city centre, The Midland is surrounded by national retailers, banks, and transport links, ensuring high visibility and foot traffic. The location presents significant growth potential through:

• Extended food offerings
• Late-night trading opportunities
• Increased machine revenue
• Private hire and event options

Acquisition Details

The transaction includes a lease assignment, a £7,500 lease deposit, goodwill, all fixtures, fittings, and systems, as well as assignable contracts for utilities, rates, EPOS, and supplier accounts. The seller provides a full handover and operational training to ensure a smooth transition for the new owners.

About Ansloos Leisure Ltd

Ansloos Leisure Ltd specializes in acquiring underperforming venues, transforming them, and selling them as established, profitable businesses. The company has successfully scaled and sold four venues, with four others currently in operation.

Opportunities for Buyers

This is an ideal investment for operators, investors, pub companies, or multi-site hospitality buyers looking to capitalize on a well-established, high-turnover public house.

Contact Information

For more detailed financial information, brochures, and viewing arrangements, please get in touch today.