LEASEHOLD PUBLIC HOUSE & RESTAURANT
Price:
Leasehold - £85,000
Business Type:
Food Service Businesses, Pubs
LEASEHOLD PUBLIC HOUSE & RESTAURANT
Very sizable 2 storey self contained living accommodation
Advised turnover £430,926 PA with good GP returns
All fixtures and fittings are included in the sale price
Early interest and viewing is highly recommended
Very well presented and well appointed business
Ideally situated in Laney Green, Wolverhampton
Ideal family run business opportunity
LEASEHOLD
Business History
Meridian Business Sales are delighted to offer for sale this truly exceptional leasehold public house and restaurant which has a proud history spanning back around 100 years or so. The business has been owned by our client since 2002 and they are only now placing it onto the market due to their growing commitments with other established family owned businesses. This thriving concern which is run and managed by our client with the assistance of staff achieves a very respectful advised annual turnover of £430,926. This is derived from selling a fine range of beers, wines and spirits with associated soft drinks coupled with a very popular hot and cold food menu. Our client has gone to considerable expense and effort on the business areas which have resulted in a truly well presented property which offers customers an upmarket and pleasant facility. The property also offers a very large 2 storey, 3 bedroom living accommodation with its own kitchen, living room and family style bathroom which is a big plus for someone who is new to the area and has a family to bring with. The living accommodation is in need of some light cosmetic modernisation, however, the most expensive part of the property’s refurbishment has been done by our client to an exceptional high standard. The business has always enjoyed excellent levels of repeat trade with many of the regular customers visiting for several years. The business also sees a healthy amount of new customers from good word of mouth recommendations and from the highly visible trading location situated just off a major motorway junction. It is exceptionally rare to have such a high turnover establishment on the market which is so well presented. We feel that this opportunity is an ideal family lifestyle change opportunity and we urge early interest and viewing as establishments of this quality and such high turnover rarely stay on the market for long.
This truly exceptional public house & restaurant has an ideal location just off a busy motorway junction in Laney Green, Wolverhampton, West Midlands. The property stands proud on a slip road just off junction 11 of the M6 which is a stones throw away from the M6 toll road’s entrance. The immediate local area offers beautiful wide open countryside with a select few up market large residential homes. The location is ideal as it gives very easy access to Cannock, Churchbridge, Walsall and Wolverhampton which are all a short drive away. The business attracts a mass of passing trade due to its very accessible location and with good motorway island advertising a large variety of new customers appear daily. The business is also extremely well known and cherished by the neighbouring villages, towns and cities, giving the business a very loyal local customer base within a short travelling distance. Whatever the taste or desires the neighbouring areas offer something for everyone including larg
Leasehold
Original length: 21 years
Remaining: 14 years
Currently negotiating a reduction in rent
Very large property briefly comprising of large front side and rear private parking, large children’s adventure playground, front of property external dining / drinking area with picnic benches, side smoking courtyard with weather shield umbrellas, large 80+ cover dining room with conservatory and fitted bar, fully fitted large stainless steel commercial kitchen, bar area with 2 x feature fireplaces leather seating area and pool table games room, ground floor high ceiling cellar with large storage space and 2 storey 3 bedroom private living accommodation with family sized bathroom, kitchen and living room.
GROUND FLOOR
Secure gate entrance to parking, very large open plan parking facility, beautiful fronted property with front paved area giving external seating and dining space with all weather benches, oval smoking canapé to the front, secure front entrance to property and reception porch
Restaurant/Dining Area
Large open plan dining area with conservatory extension
80 + co
North Yorkshire
£ 750,000
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Business Services that may be of Interest:
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