Business for sale

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.