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Well Presented Public House In Worcester For Sale

Worcester, Worcestershire
Asking Price:
£595,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

WELL PRESENTED PUBLIC HOUSE
Well established and highly reputed business
High amount of regular and repeat trade
Scope to further develop the business
Development opportunity
Genuine reason for sale
Walk in condition
FREEHOLD

Business History
Meridian Business Sales are delighted to offer to the market this brilliant public house which has been established since 1900 and in the careful hands of our clients since 2003. The only reason this ideal business is being offered to the market is due to our clients desire to take a well deserved retirement.
Since our clients took ownership of the business they have built up a strong reputation within the local community and beyond and as such have a high level of regular and repeat trade.
Our clients advise us that they currently generate a respectable annual turnover which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks.
Our clients have run the business at a pace to suit their lifestyle, meaning that there is massive scope for a future purchaser to further develop the business by introducing longer opening hours. There is also scope for a new hands on owner operator to further develop the business by introducing a restaurant or to have quiz nights and live music etc.
The premises could be developed into flats as the council are currently looking to change the surrounding factories into flats. The premises would convert into 6-8 flats or 14 student rooms as the university is only ½ a mile away.
Our client has continually developed and improved the business introducing new lines and income streams which have enhanced the business massively and in particular show in the year on year increase in turnover and profitability.
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 excellent business is not to be missed.

Trading Hours:
Monday: 8:30pm – 11:30pm
Tuesday: 8:30pm – 11:30pm
Wednesday: 8:30pm – 11:30pm
Thursday: 8:30pm – 11:30pm
Friday: 8:30pm – 12:30pm
Saturday: 8:30pm – 12:30pm
Sunday: 8:30pm – 12:30pm

Accommodation Details:
Semi-detached property briefly comprising: LOWER GROUND FLOOR 2 x cellar rooms GROUND FLOOR Bar area Ladies and gents toilets Kitchen area FIRST FLOOR Owners accommodation 1 x lounge 1 x kitchen area 2 x double en-suite bedrooms Bathroom Attic space EXTERNAL Small garden area with tables and chairs

Property information

Property:

Freehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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