A Well Established Community Inn For Sale

Business description

A WELL ESTABLISHED COMMUNITY INN AVAILABLE FOR THE FIRST TIME IN 12 YEARS SITUATED IN THE BUSY LOCATION OF TWO GATES, STAFFORDSHIRE




Prominent and substantial premises situated in the busy location of Two Gates, Nr Tamworth.
Inviting Lounge Bar (circa 20+), Traditional Public Bar (30+), Function Room (30+), Pool Room (10).
Good sized 2 bedroom owner's accommodation.
100% wet sales.
2 and three quarter years remaining on renewable Enterprise Inns 'Partially Tied' lease.
Current sales circa £120,000 (incl.).
Busy community inn with massive potential for fully focussed hands-on owner operators.


AN EXCELLENT OPPORTUNITY TO PURCHASE A WELL ESTABLISHED BUSINESS AND HOME OFFERING A SOLID TRADING FOUNDATION AND MASSIVE POTENTIAL.


ASKING PRICE £39,500 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This delightful inn is situated in the sought after and beautiful county of Staffordshire.

Being located in Two Gates, a busy suburb of Tamworth, this superb inn can be easily reached from junction 10 of the M42. Being situated close to Tamworth and close to Birmingham airport with easy access to the M1, M42, M69, M5 and M6 makes this bustling location an extremely popular commuter area for the major motorways and the major international airports of Birmingham and East Midlands. The inn is ideally situated to draw trade from Tamworth and also attracts a desirable clientele emanating from the nearby suburbs and villages and larger catchment areas and has an excellent level of repeat trade and is well serviced by local schools, shops, amenities and trading estates.

THE PROPERTY

Situated in the heart of this busy suburb this popular community inn is a substantial 2-storey detached property of brick construction under pitched, slate and tiled roofs.



Main entrance at the front leading into the lobby with access into the Lounge Bar and into the Public Bar.

Public Bar (circa 30+) is a good sized traditional room having a feature return bar servery with a mirrored back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with loose polished tables and chairs. Adding to the character of the bar area is the quarry tiled floor and the beamed walls. There is also a feature brick built open fireplace adding to the inviting ambience. There is also a darts throw, an AWP, a games machine and a juke box. Access to the W.C's.



Lounge Bar (circa 20+) is a cosy and atmospheric room having a return bar servery which is complimented by the fixed upholstered perimeter seating with loose polished tables and upholstered stools. Access to the Function Room.

Function Room (30+) is a good sized room with upholstered perimeter seating with loose polished tables and chairs. There is a wooden dance floor area, an open fireplace, a darts throw and a vaulted ceiling.

Pool Room (10) having a pool table with lighting over and loose polished tables and upholstered stools.

Ladies and Gents W.C's.

Lower Ground Floor Cellar with dray drop, pumps, barrel thrall, tilt racks, python and cooler. Store Room.

Catering facilities include a Kitchen with wall mounted units, base units, stainless steel sink unit, gas hob and preparation surfaces (appliances not tested).

OWNER'S ACCOMMODATION

Situated on the 1st floor and briefly comprises: 2 bedrooms, lounge, kitchen, bathroom and separate W.C.

EXTERNAL

Good sized enclosed private courtyard area and an enclosed private garden. Patron’s car parking facilities for circa 20 cars.

TRADING AND LICENSING

We are advised that the inn trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sunday - Thursday - 10.00am - Midnight

Friday - 10.00am - 01.00am

Saturday - 10.00am - 02.00am

The current trading hours are as follows:

Monday - Sunday - Midday - 11.00pm

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. Guy Simmonds hold this 1 Day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested). The business is offered for sale as a lease assignment with approximately 2 and three quarter years remaining of the original Enterprise Inns full repairing and insuring, renewable agreement. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord and Tenant Act 1954. Business rates payable are to be advised. Rent is currently £20,000 per annum reviewed in July 2010.

THE BUSINESS

Our vendor client, in situ for the past 12 years, has successfully operated this popular and well established community inn single-handedly on a full time basis with the assistance of 4 part time members of staff. After many successful years in the trade our vendor client is now looking to retire in order to pursue other non-related business ventures and to take life at a more leisurely pace, hence the instructions to sell this excellent business.

This superb inn is a successful business with the current owner having established a solid trading foundation yet still offers plenty of scope to increase upon the sales by simply introducing food; taking the business to even greater heights. Trade is currently derived from 100% wet sales.

Current sales circa £120,000 (incl.). In our opinion there is massive potential to increase the sales and would expect new fully focussed enthusiastic full time owner operators to achieve a turnover in excess of £200,000.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Leasehold