8745B BIRMINGHAM L\H£50000 PUBLIC HOUSE
Asking Price: GBP
50000
|
|
|
| Description: |
|
THE BUSINESS
Advent Business Sales is delighted to have
been instructed to offer to the market this
extremely popular and profitable wet led
public house with excellent potential.
The pub has been trading successfully for
over 40 years with the current owner at the
helm for 3 years and is only now being
reluctantly offered for sale due to family ill
health.
Although a predominantly wet led business,
the pub does offer hot food at lunch times
and has a good kitchen which could be
utilised further in the future and includes:
4 ring electric cooker with oven and
grill under
Deep fat fryer
Microwave
Pizza oven
Drawer fridge
Chest freezer
The owners have built an enviable local
reputation and have a loyal customer base
with a good community spirit prevailing.
The pub supports two football teams and the
local fishing, golf and pigeon clubs hold
weekly meetings there. Poker nights are
every Monday and they have DJ’s every
Friday and Saturday which are very well
supported and ensures a full house every
week.
The pub employs the vendor plus 2 full time
and 4 part time staff (16 hours per week
average) and achieves an excellent turnover
of approximately £8,000 per week net and a
gross profit of 47% and carries
approximately £5,000 stock.
The pub has a Punch lease and is tied on
beers, lagers and ciders. The fruit machine
income is split 50/50 after the rent cost is
deducted.
The premises were fully refurbished only
three years ago so a new owner would be
able to move in and be able to trade
profitably from day one.The pub has a front and rear entrance which meet into a central lobby area with ladies and gents w/c off.
Entry into bar with a pool table, darts throw area, bandit, juke box, projector with drop down TV screen and with its own separate bar. Will seat approximately 32.
Entry to lounge from lobby, has a small dance floor and a DJ area, juke box, bandit, projector with drop down TV screen, w/c for the disabled, its own large bar, which can seat approximately 70 and a separate exit to the rear car park.
To the rear of the bars, a large store area, kitchen, rear office and a large private garage.
The cellar is at the lower ground level and is accessed for deliveries via the car park.
To the side of the pub is a secluded smokers area with 3 benches and affords good protection from the elements.
The pub is also fully double glazed, alarmed and has the benefit of CCTV (9 cameras) which are shown on 3 separate monitors around the premises.
There is excellent owner’s accommodation to the first floor including 3 bedrooms – 2 double and 1 single, kitchen, bathroom with a separate shower, lounge and a large roof terrace.
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 7 years
Review every: 5 years
Rent: £41,884 per annum
We are advised that the annual business rates are currently: £9,600
Annual sales: £400,000
Gross Profit: 47% |
|
|
|
| Financial Information: |
|
|
|
| Annual gross sales: (GBP) |
400000 |
|
|
Yearly Revenue: (GBP)
Total yearly sales revenue |
N/A |
|
|
Net Profit: (GBP)
Total profit before taxes |
N/A |
|
|
| General Information: |
|
|
|
| Business Area: |
|
|
|
| Year Established: |
2005 |
|
|
Is Relocatable?:
|
No |
|
|
| Business closed or an asset sale : |
No |
|
|
| Is Home based business?: |
No |
|
|
| Real estate status: |
No |
|
|
| Number of Employees: |
2FT\4PT |
|
|
| No of trading hours: |
Mon, Tues & Wed: 10.30am –Thurs, Fri & Sat: 10.30am – 12 Sun: 12 noon – 11pm |
|
|
Reasons for selling:
|
only now being
reluctantly offered for sale due to family ill
health |
|
|
Market competition and expansion:
|
Although clearly a very well managed
business, there is still excellent scope to
increase sales and profits further by
expanding the kitchen to offer a greater food
selection and availability.
Advertising and installing a cash machine
would generate further revenues streams |
|
|
|
|
| |
|
 |
|
 |
|
 |
Featured businesses
for sale |
|
|
| |
|
 |
|
|
|
|
