Established and fully equipped events venue in the West Midlands, offering two separate function rooms suitable for weddings, private parties, celebrations and corporate events. The business benefits from an attractive interior, licensed bar, catering facilities, on-site parking and a wide range of event equipment and furnishings included in the sale. Excellent opportunity for an owner-operator or events business looking for an established venue with further growth potential.
- Asking Price:
- £99,000 Furniture / Fixtures included
- Turnover:
- £135,000
- Net Profit:
- On request
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
The premises are currently occupied under a sublease arrangement. The head lease runs until 2032. Continued occupation and/or assignment to a purchaser would be subject to the relevant landlord/head tenant approvals and agreed terms.
- Leasehold Rent:
-
£44,000 per annum
- Location:
-
Well-positioned events venue in Walsall, West Midlands, with convenient access for customers from Walsall and the wider Birmingham and West Midlands area. The venue benefits from free on-site parking and good road accessibility.
- Premises Details:
-
Fully equipped events venue comprising two separate function rooms, licensed bar, catering/kitchen facilities and ancillary areas. Both function rooms offer flexible layouts suitable for weddings, parties, private celebrations and corporate events. The premises also benefit from air conditioning, professional event furniture and equipment, and on-site parking for approximately 25 vehicles.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Significant scope to increase revenue through stronger digital marketing, increased wedding and corporate bookings, weekday events, private dining, themed events and greater utilisation of both function rooms. Further opportunities exist to develop catering packages and increase booking frequency throughout the year.
- Competition / Market:
-
The local events market is competitive, however the business is differentiated by offering two separate function rooms, flexible event options, licensed bar facilities, catering capability and on-site parking within one venue.
- Reasons for selling:
-
The owners are selling in order to focus on other business interests and new projects.
- Trading hours:
-
Operates primarily by pre-booked events, with flexible trading hours. Licensed until 1:30am on weekends and 12:30am on weekdays.
- Employees:
- 2
- Years established:
- 4
Other Information
- Support & training:
-
A reasonable handover period can be provided to assist the new owner with venue operations, existing systems and supplier introductions.
- Furniture / Fixtures value:
- £4,000 - included in the asking price
