Advert Details

Public House in Gwent Free Of Tie For Sale

Details: Asking price:£90,000; Sales revenue:£230,000; Net profit:Undisclosed; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: Bag a Business Ltd is delighted to offer for sale this extremely popular public house situated on the high street in the town of Brynmawr in South Wales. The business was established by our clients in November 2005 and was decorated and equipped to an exceptionally high level. Our clients are only placing the business onto the market due to their wish to emigrate. Legends presents a prospective buyer with an impressive annual turnover of £230,000 accompanied by a gross profit of 66%. The high gross profit is due to Legends' fairly unique feature of being a leasehold pub that is free of tie, therefore allowing the existing, and future owners, to obtain the best deal for any stock that they are buying in. Legends has developed an enviable reputation within Brynmawr and the surrounding villages for a welcoming pub and is renowned for its themed 60's, 70's and 80's nights. In addition to this there is a comprehensive list of sporting teams that frequent the pub including a football team, pool team and several darts teams. We feel that this is an excellent base for a new owner to build upon by possibly extending opening hours, introducing bar snacks/meals and pro-active marketing.

General information: Trading hours: Mon - Thurs: 10:00am - 12:00pm Fri - Sat: 11:00am - 1:00am Sun: 12:00pm - 1:00am; Property:Leasehold; Lease terms:Leasehold Original lease length: 10 years Remaining lease length 7 years Rent: £23,400 per annum Free of tie; Living accomodation:Two-storey building of brick construction situated underneath a pitched tile roof. Briefly comprising: GROUND FLOOR Good sized main bar area Bar with 8 points of dispense Widescreen television Toilets Access to the smokers' area Cellar FIRST FLOOR Large function room Darts alley Pool table Big screen television Bar with 7 points of dispense EXTERNAL Covered smoking area; Location:The business is ideally located in a prominent position at the head of the high street in the busy Welsh town of Brynmawr. The position benefits from ample parking within the near vicinity, with a free car park located just a few minutes walk from the public house. The premises boast a wide and attractive frontage to two sides making Legends clearly visible to passing trade running both into and out of the town centre. The area offers a natural customer footfall due to the local Police Station, Legion as well complementary shops and businesses along the high street. Brynmawr is a thriving market town and is often regarded as the highest town in Wales. There are excellent local transport links with the M4 just a short drive away in addition to the busy arterial route the A465.