Excellent Public House For Sale

Business description

EXCELLENT PUBLIC HOUSE - WOLVERHAMPTON
Self contained 3 bedroom living accommodation
Very well presented and well equipped throughout
Affluent location in Featherstone, Wolverhampton
Turnover 8,500 p/w with good profit returns
Early viewing is highly recommended
Scope for further development
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this very successful public house which has a proud history dating back to 1936. Since 2006 the business has been owned by our clients who are only now placing it onto the market due to their strong desire for semi retirement. The business which is run and managed by our clients with the assistance of staff achieves a very respectful weekly turnover of £8,500 derived from the sale of a fine selection of beers, wines and spirits to a wide range of customers throughout the year. The business has a very favourable brewery tie with Enterprise Inns who work with the owners to assure quality of product and service. The business enjoys excellent levels of repeated trade with many of the regulars being loyal customers for several years. This thriving concern also sees a healthy amount of new visitors provided by good word of mouth recommendation and from the highly visible trading location. The current owners have spent several thousands on modernisation and equipment which is all being left for the new owners. The business also has a full operational commercial kitchen which could be used to offer the customers a Pub style menu adding to the turnover. The property also has its own 3 double bedroom private living accommodation which is a huge advantage for a new owner. We feel that this opportunity provides a new owner with an excellent base to build upon and we urge early viewing of this very busy public house.


Accommodation

Well presented and well equipped public house offering, large Bar/lounge area, function games area with pool table, commercial kitchen being stainless steel, basement cellar, large parking, beer garden with children's climbing frame, 3 large double bedroom private living accommodation

GROUND FLOOR
Secure front entrance
Lounge area being open plan, feature fireplace, fitted seating with tables and chairs, large projector and good sound system, beautiful large bay window, fitted bar with 12 pumps rear spirit displays, drinks chillers and glass storage, ladies and gents toilets, access to basement cellar

Bar area L shaped featuring fitted bar with 12 pumps, rear spirit displays, drinks chillers and glass storage, access to private living accommodation, disabled toilets and side access door, fitted seating with tables and chairs, pool table, toilets, rear access door

Commercial kitchen featuring mostly stainless steel, 3 bin deep fat fryer, hot plate, 6 ring hob, double wash sink, 2 x commercial microwaves, rear preparation and storage area

FIRST FLOOR
Private living accommodation, large reception landing accessing large kitchen with fitted cupboards, worktops and wash sink, dining space, family bathroom with toilet, bath, shower and wash basin, 3 x large double bedrooms, living room with fireplace

EXTERNAL
Ample front and side private parking
Front of property, picnic benches

Rear of property large decked area with smoking canapé, dinning/drinking/smoking outdoor area with picnic benches
beer garden lawn area with impressive children's climbing frame, all secure with gated access to car parking

Property information

Property:

Leasehold

Lease terms:

Leasehold - Original length: 17 years
Remaining: 15 years, Review: 5 years
Rent: £38,000pa

Location:

The public house benefits from having a highly visible location in the beautiful area of Featherstone, Wolverhampton. The business is situated on a main through road which is used by visitors and commuters throughout the year giving the business a very good footfall. The area of Featherstone offers some of the most desirable and well presented residential properties which gives the business a high amount of customers living within a short distance. Featherstone is a highly desirable business and residential location due to its fine housing, good schools, beautiful neighbouring countryside and welcoming community. There are many popular areas within a short distance away including Wolverhampton city centre, Telford, Cannock and Birmingham to name a few. Featherstone also benefits from situated just off the M54 which links to the M6 motorway making commuting and travelling very easy.

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