Business for Sale Overview:
This is an almost unique opportunity to acquire one of the regions leading carvery and entertainment venues that has built itself a fantastic reputation for providing quality food and drink in excellent surroundings. Its claim to fame, and the key reason for it success is that it provides a broad range of top quality cabaret acts on a daily basis to appreciative audiences who travel for many miles to enjoy the experience provided by the professional and experienced hosts.
This business really buzzes and not only offers live entertainment four nights a week but also at lunchtimes. Its packed operating schedule includes an early lunchtime carvery, afternoon showtime, early evening carvery followed by the evening performance. It is an extremely popular venue for coach parties from all over the Midlands and South West catering for company functions and pensioners outings alike.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The premises enjoy a fantastic location being within a mile of the M5 motorway and within two miles of the city center. Originally a farmhouse the property now boasts a large car park suitable for coaches with a covered Gazebo for warmer evenings and to cater for the smokers. There is a small lounge area, comfortable bar, restaurant and stage. A fully fitted professional kitchen that has new Lainox Combi ovens supports the facilities. There is also a three bed-roomed self-contained flat that is presently used as office space. There are seven years left of a twenty one year lease at a cost of forty thousand pounds per annum.
Market Competition and Expansion:
The marketing activity is split into two key areas. Firstly, lunchtime and afternoon clients. The business holds a database of around one thousand six hundred coach firms, group tour operators, residential and nursing homes. These receive regular mail shots with updates on promotions and new shows. This activity drives the daytime marketplace and ensures that the business maximizes its opening hours to the full. Bookings are accompanied by a five pound deposit per person with the balance being paid a week before the event. The evening clientele comes from small groups and couples looking for a different night out. The operation has built a database from existing and previous customers, web based inquiries and leads from advertising in local and regional newspapers. These customers provide e-mail addresses and receive e shots on a regular basis. Bookings are only taken with the full ticket cost being paid up front with an average price being circa sixteen pounds.
Reason for Selling:
wish to spend more time abroad.
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.