FREE OF TIE
Hilton Smythe is delighted to welcome to the market King William. The business was first taken over by our client in 2010. The owner is now looking to sell the business due to the desire to focus on other business commitments.
This is a free of tie pub that offers a great selection of world wines, beers, spirits and soft drinks. This is a local pub to many and our client sees many regular faces. The business also offers food for fantastic prices.
The current turnover for the business is an advised £200,000 per annum with a gross profit of 50%. This is a great turnover however we feel this could be increased. Our client currently runs the business at a steady pace, however with a hard working determined new owner this business could thrive further.
The pub currently promotes Sky News and BT sports. This is great for sales, football games and other sporting events attract large crowds. The new owner should look to advertise the services on free social media sites such as Facebook.
There are many arms for this business including the fish and chip shop that is attached to the side of the property. The chippy is included in the sale, however, it hasn’t been trading for over two years. We are advised that the chippy comes with a fully fitted kitchen and is ready to reopen. This could be a great earner for the owner, and should be something the purchaser looks into.
The pub boasts a large function room, which is great for private parties, funerals and weddings. This venue is well known to the locals, and hosts many functions.
This is a fantastic opportunity for any purchaser looking to run a successful pub with huge potential to increase income. There is an owner’s accommodation above the pub, which is perfect for an owner who is looking to relocate to this area. Hilton Smythe highly advise early viewing to avoid disappointment.
King William is located in Wigan, Greater Manchester.
The business is situated on a busy road in Platt Bridge. This area is approximately 6 miles from the centre of Wigan. There are several businesses around the vicinity. Across the road there is a bakery, McDonalds, fish and chip shop, convenience store and several more businesses. The area is currently benefiting from development.
The main road on which the business is located runs to the A577 which is the arterial road that heads directly into Wigan town centre. Wigan is a busy town that receives heavy amounts of footfall daily. In the area are great road connections and public transport links. There is a bus stop just outside the business and a train station just a short drive away.
The business boasts a large corner premise. The property is well signed, clear to passing trade. At the front of the property is a seating area for customers.
Inside the pub there is a large bar and lounge area. The premise is well-presented complete with leather seating. There are many separate seating areas which gives the pub a relaxed feel. Through to the rear of the premise is a fully fitted stainless steel kitchen.
There is a Chinese/fish and chip shop, attached to the side of the premise that hasn’t been trading for two years, but is still fully functional. The chippy is fully fitted with a stainless steel kitchen.
The basement is currently used as storage, this area also has the beer lines fitted.
Bar fixtures and fittings
On the first floor of the premise there is a large function room and a separate kitchen. There is also an owner’s accommodation with two double bedrooms and one single. There is also a large lounge, bathroom and access to the rear yard area. The barrel drop is in the yard.
The premise is secured with a HD CCTV with 24 cameras and a burglar alarm. The premise currently has Sky Sports and BT Sports.
We are advised the business is Freehold.
The business is open-
Monday - Thursday: 12pm – 12am
Friday: 12pm – 1am
Saturday: 11:30am – 1am
Sunday: 12pm – 11pm
The business is run and managed by our client with the help of 8 part time members of staff.
The business generates a turnover in the region of £200,000 per annum.
With a gross profit of around 50%
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