WOULD SUITE PRIVATE ENTREPRENEUR OR MAJOR BRAND WHO WOULD (SUBJECT TO A STRONG COVENANT) BE OFFERED A NEW 50 YEAR OR ABOVE COMMERCIAL LEASE SERIOUS OFFERS INVITED
- Sales £424,988 Inc. vat £370,540 Wet £54447 Accommodation £242,453 GP
- Excess of 2000 Sq. ft. licensed Bar & separate detached Motel Block (12) + Cafe
- Capacity ground floor open plan Bar 220 currently with a Music Theme & pub games
- Flat screen TVs HD projector & screen, relaxed easy going atmosphere
- External smoking solution on raised rear patio area. - Generous owners accomm
- Private 20-year commercial lease (FOT) – will split Licenced Bar from Motel by negotiation
LOCATION (WS12 1AY) www.woodys-musicbar.co.uk
The property(s)sit at No1 Market Street of Hednesford, Cannock, the Town having undergone a £50 m regeneration programme. The Parish lies within Cannock Chase District having a population of circa 17800 within 7500 households. Known as The Chase Gateway, to 26 sq. miles of Woodlands home to a herd of 800 fallow Deer it is designated as an Area of Outstanding Beauty and a former Royal Forest. As well as attracting nature lovers with its abundance of wild life The Chase is popular with cross-country mountain bike enthusiasts. As a centre piece Hednesford is home to a huge 80,000 sq. ft. Tesco super store alongside Hednesford Park which has just received a £2.2 m refurbishment. 72% of the residents of the town work within the service industry. Transport links are excellent with a Train Station within a short walk & the M6/M6 Toll minutes away.
This 2 storey prominent corner site is constructed detached of Staffordshire Brick under pitched roofs with a modern 2 storey detached Motel block to its rear. The Music & Sports Bar is above 2000 sq. ft. to its ground floor with a capacity of 220. The floors are of hard wearing wood with mainly loose furnishings to high drinking tables & low coffee tables. TV screens are strategically placed around the bar alongside a HD projector & Screen and one end houses a pool table. A corner positioned raised stage can be viewed from all areas for live acts & entertainment. The bar benefits from large well-presented LADIES & GENTS Facilities. The central well-presented bar servery has direct access to the BEER CELLAR.
MOTEL ACCOMMODATION (JOSHUA TREE MOTEL)
This offers 12 letting guest rooms on two storeys. All en-suite. On the ground floor 2 letting rooms (one triple & a further twin). To the 1st floor there are 10 further guest rooms, (two doubles, one small family room, one larger family room, three single rooms, two twins & and further large family room.) This block also houses a separate Café.
Located above the Bar this comprises of a generous Lounge/Diner with modern fitted kitchen, three bedrooms, office & family bathroom.
The business benefits from car parking for circa 30 vehicles and has an outside facility to the Café & raised patio to the rear of the bar.
We are advised that the business has a license for dispensing Alcoholic beverages from 10am through until 1am all week. Current hours of opening are Mon- Thurs 3.30pm till 11pm, Friday 2pm till 12 midnight, Saturday 10am till 12 midnight & Sunday 12 noon till 12 midnight.
We are instructed by our private clients to offer by way of assignment of a Private 20-year commercial lease commencing April 2011. The current lease is Free of all Ties, FRI, & protected under the Landlord & Tenant act (54). Subject to a strong covernance a new lease in excess of 50 years could be considered by the Private Freeholder. The current business could separate the Bar from the Motel depending upon requirements. Rent is reviewed on a 2 yearly cycle with the current rent of the Bar at £31,200 p.a. & Motel at £36,200 p.a. The Freeholder will consider “change of use”.
We are advised that the business benefits from connected mains of electric, water, sewage & gas with central heating by Gas. Business payable are advised as Bar £8500 p.a. Motel £8,000.
Our clients are selling due to personal health reasons having operated the business since 2011.
The current position re The Motel & Café is that they are Sub-let however account to April 2015 show sales of £54,447 p.a Inc. vat. The bar shows sales of £370,540 Inc. vat Total Sales for both £424,988 pa Inc. vat with a GP of £242,453. The Bar focuses on Music & Sports & opened as a venue 2010. The Motel attracts residents ranging from visitors to Cannock Chase, mountain bike enthusiast’s users of the bar and commercial business.
IT IS OUR RECOMMENDATION TO SERIUOSLY CONSIDER THIS UNIQUE & RARE OPPORTUNITY BEFORE A COMPETITOR SNAPS IT UP.
To secure this business a deposit of £5,000 will give you exclusivity on this business giving you a lock-out agreement with no further viewings or marketing taking place.
Accounts information will be made available to interested parties after viewing.
Our panel of financial experts are here to help; call for referrals: 01530 414140.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
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