Public House In Wolverhampton For Sale

Business description

Preferred Commercial is delighted to offer to the market this well established traditional cask ale pub, which has been in our client's' hands since 2002 and is only now being offered for sale due to their wish to retire. The pub achieves a turnover in the region of £218,000 per annum with a gross profit of 44%, this is derived from mainly wet sales. The pub has been included in the Good Beer Guide 1999-2009, was awarded Mild Pub of the Year 2008 and has received the Cask Marque Accreditation, making this a popular destination for beer enthusiasts. The business benefits from darts, dominoes and crib teams and boasts being the only pub named The Pyle Cock Inn in the country. There is scope to increase turnover by extending the opening times as the premises are licensed from 10.00am to 1.00am seven days a week. There is also the potential to offer food, either bar meals or creating a small restaurant. We feel this is an ideal opportunity for anyone looking to acquire and established business with huge scope for the future. Early viewing is highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 21 years
Remaining: 14 years
Rent: £44,000 per annum

Leasehold rent:

£44,000 per annum

Location:

The Pyle Cock Inn is located on the busy Rookery Street, which is one of the main arterial roads leading into Wolverhampton. There is a new shopping centre opposite and a new community centre and library being built. The business is situated on a main bus route, close to the hospital and approximately 3 miles from Wolverhampton town centre. The area is easily accessible via the M6 or M54 motorway.

Premises details:

Traditional detached public house on a main road location. Briefly comprising:

Ground Floor
• Main entrance to hall way
• Tap room with fixed bench seating, table and chairs
• Bar with 11 points of dispense, spirits display and 2 x drinks chillers
• IT box
• 'Smoke Room' with fixed bench seating, table and chairs and feature original fireplace
• Large lounge to rear with fixed bench seating, table and chairs, games machine and organ
• Ladies WC
• Gents WC
• Private lounge, accessed from rear of bar
• Private galley style kitchen

Lower Ground Floor
• Compact keg cellar

First Floor
• 2 double bedrooms
• Single bedroom
• Office
• Bathroom with 3 piece suite

External
• Patio area to side and front
• Covered smoking shelter
• Private parking for 2 vehicles
• Store (former garage)

Other information

Trading hours:

Mon - Thurs: 10.30am - 11.00pm
Fri - Sat: 10.30am - 11.30pm
Sun: 11.00am - 11.00pm