Business for Sale Overview:
Advent Business Sales have been instructed to offer for sale this popular pub. Established almost 50 years ago and in the hands of the current vendor for the past three years, it is now reluctantly offered for sale due to the vendor’s personal commitments. The public house is split into two main areas, one of which is a restaurant/bar area which can easily seat 50+ people. The other
area is more of an entertainment area with a pool table, darts boards and plasma screens for sporting events. The pub has darts, pool and domino’s teams (men’s and women), which has proved extremely popular and ever increasing. The sales split is currently 80% wet 20% dry. We have been advised that the turnover has increased significantly and the trend has not buckled as the vendor is forecasting growth in the coming year.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This large detached premise is situated on a main road near Halesowen in the West Midlands. There are excellent transport links to and around the area within easy reach and good commuter distance to Birmingham. There are excellent parking facilities with a large customer car park to the side of the premises.
TENURE: Leasehold;
LEASE: 21 years;
TERM REMAINING: 19 years;
REVIEW EVERY: 5 years;
RENT: £52,000 per annum;
We are advised that the annual business rates are currently: £5,300.
Market Competition and Expansion:
Although already a well managed business, there is further scope in increasing sales by offering more choice and value in the restaurant area, which will increase the food sales percentage considerably.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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