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Preferred Commercial is pleased to offer for sale a leading and most popular music venue, which was established in 1950 and has been in our client's careful hands since 1997. The business has only now been placed on the market due to our client's wish to retire. The venue is currently run at a pace that suits our client, opening just 2 nights per week, hosting the best tribute bands in the UK. There is currently a website in place containing information on location, facilities and forthcoming gigs. The business generates a turnover in the region of £156,000 per annum with a gross profit of 65%. We feel that turnover could be increased by extending the business hours and, if desired, there is scope to expand the live bands or introduce a comedy club. There is potential to offer cycle rental which could be made available on the forecourt for visitors to Cannock Chase. The premises come free of tie and the leasehold is available. The premises are also suitable for change of use subject to planning regulations and would be ideal for use as a spacious restaurant, set in a large catchment area, on the 'Gateway to Cannock Chase'. Early negotiations with Preferred Commercial come highly recommended.
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