Business for sale

Business description

Advent Business Sales have been instructed to offer for sale this well established and very profitable business which has been in the hands of he current owner for the last 6½ years. They have now decided to sell in order to take a well earned rest from the trade.

The pub enjoys a regular and healthy trade with a trade split of 65% wet and 35% food.

There is a pool team that meets regularly as well as a quiz night. There used to be a dominoes and darts team that should be meeting once again.

Our client has a beer garden which has a stage which is primarily used for 1 or 2 large events per year with live bands.

We have been informed by the vendor that takings on these days are in excess of £10,000.

We have also been informed by the vendor that the landlord is willing to pay for the cost of an outdoor patio area to the side of the property. The new owners will be responsible for any new outside furniture.

This is a genuine sale of a business with projections of sales set to increase year on year, offering good family accommodation suitable for a husband and wife team.

To fully appreciate one must view early in order to avoid disappointment.

General Information

Trading hours:7 Days a Week
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 10 years Remaining lease: 10 years Review every: 3 years Rent: £33,000 We are advised that the annual business rates are currently: £3,339
Living accomodation:BUSINESS PREMISES A grade 2 listed building dating back to the 1700’s, which briefly comprises of: Ground Floor - Entrance lobby - Open plan lounge bar split into areas: The first area has boarded floors and seats 12. The second area has a carpeted floor and a seating area for some 38 customers - Lounge bar toilets - Public bar ‘L’ shape room - Pool table - Seating for some 28 customers - Public bar toilets - Commercial catering kitchen and fridge freezer room - Beer cellar on ground floor First Floor - Modern kitchen - Spacious lounge - Office - Bedroom 1 (double) - Bedroom 2 (double) - Bedroom 3 (a small double) - Bathroom – bath, shower, w/c and wash hand basin External - Car park for 40 plus vehicles - Lawned garden area to rear with a frame, picnic benches providing seating for 50 plus customers - Stage to rear - Pedestrian bridge connecting garden area to car park.
Location:Our client is located in a prosperous and delightful Warwickshire village, lying on the B4102 Solihull to Nuneaton road and the B4098 Coventry to Tamworth road with superb open countryside views.

The M6 and the M42 motorways are accessed via junctions 4 and 7, whilst Birmingham and Coventry city centres are 12 miles and 46 miles respectively. Nuneaton is approximately 6 miles away.