Business for Sale Overview:
THE BUSINESS: Advent Business Sales is pleased to offer to the market this extremely well used local pub, which was founded some time about 1842 and originally had its own brewery at
the back of the property. The current vendor has to reluctantly sell
due to personal reasons but over the last 3 years has built up a fantastic reputation which was reflected in the last accounts,
showing a 50% rise in sales. The pub boasts 2 darts teams, 2 football teams and a golf society; a new pool table was introduced recently and a team may be imminent. In the public bar it is not only a standard TV but also a big screen projector TV for the bigger Sky transmitted sporting events. In the winter, from October through to April, there is a quiz and curry night, which is very well attended. A karaoke has also been in use from time to
time. At this present moment the pub is only selling a wet offer including good real ales, lagers, ciders, wines and spirits but there is a well equipped commercial kitchen, which could be re started. There is definitely a call for ‘pub grub’ by its clientele. The present owner and 1 part time employee.
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:
TENURE: Leasehold - Original lease: 10 years;
Remaining lease: 3.5 years;
Review every: 5 years;
Rent: £2,000 per month;
We are advised that the annual business rates are currently: £1940 – business,
£910 - domestic.
LOCATION:
Our client is located in a highly residential area. The housing is of mixed stock, some Victorian, some new. The area is a social location with a wide age range; this is reflected in the pub clientele. The pub’s geographical point is in a very desirable town in beautiful Worcestershire. The town itself is both historic but thriving and is close to the M5 motorway. It has excellent rail links to both Birmingham and the South West.
Market Competition and Expansion:
EXPANSION POTENTIAL: A husband and wife team could open up the
pub kitchen to put on ‘pub’ food and Sunday roasts, both have been asked for.
Reason for Selling:
personal reasons
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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