Entertainment Venue with Carvery and Restaurant

Price:

Leasehold - £250,000

Turnover:

Seller Ref:

CO104

Location:

West Midlands

Business Type:

Corporate Businesses, Entertainment & Leisure businesses, Food Service Businesses

See Other:

Restaurants for sale in West Midlands
Other entertainment & leisure businesses for sale in West Midlands
Leisure businesses for sale in West Midlands
Food service businesses for sale in West Midlands
Entertainment & leisure businesses for sale in West Midlands
Corporate businesses for sale in West Midlands

Description:

THE BUSINESS:

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. In addition to which it is a sort after venue for private parties and weddings. Such is its popularity that bookings are three months in advance and it consistently caters for between three and four hundred covers a day.The fully licensed business has a restaurant with one hundred and thirty covers and includes a stage show floor that can also be used as a dance area for weddings and other functions.

Location Details:

The premises enjoy a fantastic location being within a mile of the M5 motorway and within two miles of the city centre. 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.