 | Local Community Pub For Sale Tipton, West Midlands, United Kingdom Advert ref: 1419JMH FINANCIAL DETAILS | Asking price: £25,000 Sales revenue: £286,000 Net profit: Undisclosed Fixtures value: £15,000 Stock value: £3,000 |
BUSINESS DESCRIPTION | The Business Partnership is pleased to be of for sale this long established and well known ‘local' with most of its trade coming from the densely populated surrounding housing estates, and is within easy walking distance of most of the area.
The current owners do not offer fully prepared food on the premises although there are 2 kitchen/utility areas within the property, which could be converted (at little cost in our opinion) to offer suitable facilities for food preparation.
The Sportsman is tied to Marstons for its supplies and enjoys an excellent working relationship with one of the top Midland brewers; an example of this strong relationship is that The Sportsman hosts the final of the Bankss League Darts Final. The pub also hosts several darts and pool teams as well as bingo evenings in the very spacious function room, which also has many private booking throughout the whole of 2008.
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GENERAL INFORMATION | Property: Leasehold
Lease terms
A renewable 21 year lease commencing August 2006 at a current rental of £23,000pa, and subject to 5 year reviews.
Living accomodation
Upstairs provides excellent 3 double bedrooms, kitchen, washer room and bathroom, all off a large landing area. A terraced area has recently been created through patio doors of the landing and utilising the roof area above the function room.
Location
Situated within a very large housing conurbation close to Tipton Town Centre.
Expansion potential
The business offers huge potential for the right person, especially with regard to food.
Support & training
Excellent handover and training available
Financing available
This business should readily support loan finance, subject to status. For further information, please contact our office.
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The Business Partnership - Birmingham, West Midlands, Hereford & Worcester | | | |
