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8882CV WEST MIDLANDS LEASEHOLD£95,000PUBLIC HOUSE

Asking Price: GBP 95000
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Business Location: United Kingdom » Birmingham » WEST MIDLANDS 
Category: Leisure » Bars & Nightclubs
Description:
Advent Business Sales is pleased to have
been instructed to offer to the market this
extremely well established public house with
excellent future potential.
Founded over 30 years ago and in the proud
ownership of the current owner for over 9
years, this large pub is only now being
reluctantly offered for sale due to his ill
health.
The pub has a healthy wet trade of
approximately £6,000 per week and as a
good commercial kitchen, which is currently
let out as a Chinese restaurant with an
income of £270 per week.
Stock at cost, we are advised is
approximately £3,000.
The pub has 3 separate trading areas:
• The lounge, which is licensed for
100
• The bar which can take 50
• The games/function room which can
hold 40.
The lounge has 2 raised seating areas, one of
which is used predominantly by the
restaurant. It also has an allocated space
from which live music or karaoke’s can be
played. Entry to the lounge is from the beer
garden or from the car park.
The bar has 2 entrances both from the car
park. A games machine, jukebox, pool table,
bandit and cigarette machine, it has also
been recently redecorated.
Leading from the bar is the games/function
room with a football table, TV and darts
throw area.
The pub has a covered outside decked
smokers area.
Externally there is an extremely attractive
and large fully enclosed beer garden with a
children’s slide and garden benches and a
separate seating area with tables and chairs,
so the parents are able to see that the
children are safe.
Financial Information:  
Annual gross sales: (GBP) 359450
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 19999
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: The pub employs 9 part time staff,
No of trading hours: Mon: 11.00am – 11.00pm Tues, Wed & Thurs: 12noon – 11.00pm Fri, Sat & Sun: 11.00am – 11.00pm
Reasons for selling:
reluctantly offered for sale due to his ill health.
Market competition and expansion:
Due to the vendor’s ill health, he has been unable to optimise fully the very large premises but is aware that a new purchaser with the right drive and ambition would reap the rewards in the future. The beer garden would benefit hugely with swings, climbing frames and a bouncy castle and many more benches, The games/function room could be turned into children’s area. Both these changes would attract families into the pub from the many residential properties, which surround the pub. If the new purchaser were a husband and wife team, they would be able to substantially reduce the staff numbers and hence the wages cut.
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