Established Public House/restaurant With Owners’ Accommodation for Sale
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
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.