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Leasehold Sports Bar/ Entertainment Venue In Tamworth For Sale

Tamworth, Staffordshire
Asking Price:
£99,950 Furniture / Fixtures included
Turnover:
£331,704
Net Profit:
£50K - £100K

Veritas Business Sales are delighted to offer for sale this respected Sports Bar which is located in Tamworth. The premises has been a watering hole since circa 1980 and has been in the carful hands of our clients for the past 13½ years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Tamworth Sports Bar is owner operated and requires the help of 1 full time and 10 part time members of staff and has an annual turnover of £331,704 net of vat with a gross profit of (60%). The split is approximately 70% bar sales, 22% snooker & pool income and the remaining 8% from food sales. This is a quality free house that offers a wide range of sporting and entertainment facilities to include beers, wines, spirits, soft drinks, bar snacks, room function hire (for all occasions), tribute acts, sky sports, darts and poker nights on a Thursday evening. They also have snooker & pool tables where they operate a membership system which currently stands at circa 3,000 members. We believe that there is further potential to increase trade should any new purchaser wish to by expanding upon the current food menu, introducing more entertainment nights and maybe offering the function rooms for business meetings during the daytime. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting guests. This is a superb opportunity to purchase an established business and as such early viewing is highly recommended as this business is not to be missed.

Property information

Property:

Leasehold

Location:

This outstanding Sports Bar is located on the edge of the town centre in Tamworth. The property is detached with a large car park and positioned within a highly visible and prominent trading location. Tamworth is a large market town in Staffordshire, according to the 2011 census has a population of 76,900 and lies 14 miles northeast of Birmingham, bordering Warwickshire to the South and East, and Lichfield to the North and West.

Premises Details:

Ground Floor
Entrance door with vestibule
Bar/function room comprising: bar servery with 11 beer taps, 2 x 2 door bottle fridges, CCTV monitor, 2 x cash registers (Sam4s), snooker monitor/timer, 3 x darts boards, gaming machines (on lease), 8 x pool tables (on lease), juke box (on lease), 9 x wall mounted TV's, 2 projector screens, music system, under stairs snooker cue cupboard, wall inserted lockable snooker cue cases, tables, chairs and bar stools to seat (102).


Kitchen comprising: stainless steel double sink drainer, griddle, dual deep fat fryer (Lincat), griddle (Prolite), grill (Roller grill), microwave (Sharp), extraction hood, hand wash basin, stainless steel work tops, worktops, toaster (Delonghi), 2 x sandwich toasters (Waping), glass washer, upright drinks fridge, 4 ring electric hob/oven (Zanussi), under counter fridge (Fridgemaster), under counter fridge (Indesit), 2 x upright fridges, upright fridge/freezer (Indesit) and 2 x freezers (Frigidaire).
Gents W/C x 2 and 3 x urinals
Hallway with hand wash basin
Ladies 2 x W/C with 2 x hand wash basins


First floor
Hallway with fire exit
Office/store room
W/C with wash hand basin
Snooker room with 13 full size tables and fire exit


Basement
Function room (100 capacity) with bar servery with 6 x beer taps, cash register (Sam4s), shelving, juke box (on lease), wall mounted TV, stage, projector screen, stage area and fire exit.

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Thursday – midday – 11.30pm
Friday & Saturday – midday – midnight
Sunday – Midday – 10.30pm

Employees:
1 full time & 10 part time
Years established:
50 years

Other Information

Inventory / Stock value:
£5,000
Website:
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Contact Information

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  1. What will I happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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