 | Family Pub In East Shropshire For Sale Telford Area, Shropshire, United Kingdom Advert ref: C1106 FINANCIAL DETAILS | Asking price: £45,000 Sales revenue: £338,000 Net profit: < £100k Fixtures value: £25,000 Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer this superb family pub with a reputation for good food and a variety of entertainment.
Located on a main road through a highly residential suburb of Telford, the pub has ample parking and is adjacent to other local amenities. It is a Marstons tied house but also stocks a large selection of popular guest beers.
A new covered decking area provides shelter for smokers whilst plans are in place for a new conservatory to increase the number of table covers (currently 47 covers).
Since the opening of the carvery in Feb 08, the popularity of the food has far outstripped expectations. Turnover has increased from around £5k per week to £6.5k per week.
Accommodation to the first floor comprises of 3 bedrooms, lounge, dining room, kitchen, office, family bathroom & toilet. The whole of the accommodation has been redecorated since July 07.
On a long lease with 3 yearly intervals, rent is £600 p.w with rates around £327 p.w. FREEHOLD MAY ALSO BE AVAILABLE by separate negotiation with the landlord.
Turnover £6,500 per week and growing rapidly
Gross Profit £36,000 for 6 months to Dec 07 before food service began
Gross Margin 43%.
Fixtures & Fittings valued at £25,000
Please ask for full details.
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GENERAL INFORMATION | Employees: 6
Trading hours: Mon, 5pm - 11pm; Tues-Sat, 12noon - 12midnight; Sun, 12noon - 11:30pm
Property: Leasehold
Lease terms
On a long lease expiring 2026 but with 3 yearly reviews. Rent is £600 p.w with rates around £327 p.w.
Freehold may also be available by separate negotiation with the landlords.
Living accomodation
First floor accommodation comprises of 3 bedrooms, lounge, dining room, kitchen, office, family bathroom & toilet. The kitchen was recently refitted and all accommodation has been redecorated since 2007.
Location
On a main road running through a highly residential town just outside Telford. Other local amenities are close by.
Expansion potential
Plans to increase covers with a new conservatory will extend business further. An excellent foundation has been laid for a new owner to capitalise on.
Competition / Market
This is the only family pub in the area serving food.
Support & training
A full handover can be arranged.
Reasons for selling
A desire to spend more time with family.
Financing available
Yes, please ask for details.
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The Business Partnership - Shropshire, Staffordshire, South Cheshire and Mid-Wales | | | |
