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Established Public House/restaurant With Owners’ Accommodation for Sale

Stoke-on-Trent, Staffordshire

Leasehold : £ 195,000
Turnover : £ 12,000 p.w.

ESTABLISHED PUBLIC HOUSE/RESTAURANT WITH OWNERS’ ACCOMMODATION – STAFFORDSHIRE
Well presented 3 bedroom owners’ accommodation
Long established and highly reputed business
Early viewing essential to fully appreciate
Advised annual turnover of £624,000
New estate being built close by
Scope for further development
Genuine reason for sale
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this superb public house/restaurant which was established in 1974 and has been in the careful hands of our client for the last 3 years. Our clients are reluctantly offering the business to the market due to a desire to concentrate on other business commitments. Since our clients took ownership of the business it has been run at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at £624,000 with a gross profit margin of 52% which is derived from the provision of a selection of beers, wines and spirits in addition to soft drinks and light bar snacks, they also have a beautifully presented 75-100 cover restaurant offering a delicious and popular hot & cold food menu. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.

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65 Advert ID 44795    Sellers Ref : 3868/BSOL

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