Outstanding Public House For Sale

Business description

Advent Business Sales is delighted to have been instructed to offer to the market this extremely popular and profitable wet led public house with excellent potential.

The pub has been trading successfully for over 40 years with the current owner at the helm for 3 years and is only now being reluctantly offered for sale due to family ill health.

Although a predominantly wet led business, the pub does offer hot food at lunch times and has a good kitchen which could be utilised further in the future and includes:
- 4 ring electric cooker with oven and grill under
- Deep fat fryer
- Microwave
- Pizza oven
- Drawer fridge
- Chest freezer

The owners have built an enviable local reputation and have a loyal customer base with a good community spirit prevailing.
The pub supports two football teams and the local fishing, golf and pigeon clubs hold weekly meetings there. Poker nights are every Monday and they have DJ’s every Friday and Saturday which are very well supported and ensures a full house every week.

It achieves an excellent turnover of approximately £8,000 per week net and a gross profit of 47% and carries approximately £5,000 stock.

The pub has a Punch lease and is tied on beers, lagers and ciders. The fruit machine income is split 50/50 after the rent cost is deducted.

The premises were fully refurbished only three years ago so a new owner would be able to move in and be able to trade profitably from day one.
This is clearly an outstanding pub whose turnover has actually increased, despite the smoking ban and we believe it to be an excellent investment, which should be viewed to be fully appreciated
ref:8745B

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 10 years
Remaining lease: 7 years
Review every: 5 years
Rent: £40,000 per annum

We are advised that the annual business rates are currently: £9600

Living accommodation:

BUSINESS PREMISES The pub has a front and rear entrance which meet into a central lobby area with ladies and gents w/c off. Entry into bar with a pool table, darts throw area, bandit, juke box, projector with drop down tv screen and with its own separate bar. Will seat approximately 32. Entry to lounge from lobby, has a small dance floor and a DJ area, juke box, bandit, projector with drop down tv screen, w/c for the disabled, its own large bar, which can seat approximately 70 and a separate exit to the rear car park. To the rear of the bars, a large store area, kitchen, rear office and a large private garage. The cellar is at the lower ground level and is accessed for deliveries via the car park. To the side of the pub is a secluded smokers area with 3 benches and affords good protection from the elements. The pub is also fully double glazed, alarmed and has the benefit of CCTV (9 cameras) which are shown on 3 separate monitors around the premises. There is excellent owners accommodation to the first floor including 3 bedrooms – 2 double and 1 single, kitchen, bathroom with a separate shower, lounge and a large roof terrace.

Location:

Our client is ideally located in the centre of an upmarket residential area of Birmingham. The pub is high on entertainment, which helps to support the excellent turnover that it achieves.

It has a very large car park of approximately 35 spaces and in addition, customers are able to park all around the pub in side streets at no cost.

Other information

Expansion potential:

Although clearly a very well managed business, there is still excellent scope to increase sales and profits further by expanding the kitchen to offer a greater food selection and availability.

Advertising and installing a cash machine would generate further revenues streams

Trading hours:

Mon, Tues & Wed: 10.30am – 11pm,Thurs, Fri & Sat: 10.30am – 12, Sun: 12 noon – 11pm

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

• 
• Sales particulars