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Pub for sale

Hockley Road, Hockley, Tamworth, B77

£60,000

Property Description

Commercial information

  • Business for sale

Full description

TRADITIONAL PUBLIC HOUSE - STAFFORDSHIRE
Well appointed and presented throughout
Early viewing essential to fully appreciate
3 bedroom owners' accommodation
Advised annual turnover of 340,000
Scope for further development
Genuine reason for sale
LEASEHOLD


Location

This superb public house has an ideal trading location situated in the town of Wilencote, Tamworth which is in Staffordshire. The business sits on one of the town's main access roads which leads to the M42 and provides a mass of passing motorists on a daily basis. The neighbouring area has a good display of commercial businesses and residential homes which also contribute to the businesses consistent annual turnover. Tamworth is a highly desirable area due to its fine housing, good schools, NHS services, friendly local community and easy road and rail access. The location also provides the business with a wealth of neighbouring areas including Sutton Coldfield, Nuneaton, Lichfield and Cannock which provide excellent business opportunities within a short travelling distance. Tamworth also benefits from being situated close to the M42 and M6 motorways which make visiting and commuting very easy.


Business History

Meridian Business Sales are delighted to offer to the market this traditional public house which has been established circa 1800's and has been in the careful hands of our clients since 2009. Our clients are reluctantly offering the business to the market due to an unfortunate break up in the partnership. Since our clients took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at 340,000 which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This business would ideally suit a husband and wife or partnership and could afford a good standard of living. 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 businesses of this calibre rarely stay on the market for long.


Financial Profile

Turnover: 340,000pa
Stock approximately: 6,000


Tenure

Leasehold
Original length: 8 years
Remaining: 5 years
Rent: 782pw


Opening Hours

Monday: 1:00pm - 11:00pm
Tuesday: 1:00pm - 11:00pm
Wednesday: 1:00pm - 11:00pm
Thursday: 1:00pm - 11:00pm
Friday: 1:00pm - 12:00am
Saturday: 12:00pm - 12:00am
Sunday: 12:00pm - 11:00pm


Accommodation

Well presented traditional style public house, briefly comprising:

GROUND FLOOR
Secure entrance leading to

Bar area with traditional fitted bar, ample seating for 70 covers, pool table, quiz machine and gamblers

Male & female toilets

Large bar area with fitted bar, dining tables and chairs.

Access to basement/cellar

FIRST FLOOR
3x double bedrooms

Office

Lounge

Bathroom with bath, shower, toilet and wash basin

Fully fitted kitchen

Utility room

Storage cupboard

EXTERNAL
Garage
Courtyard with picnic bench seating area
Small parking area for 1-2 vehicles

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

0845 222 0508 Local call rate

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Disclaimer

Property reference 3066. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Meridian Business Sales Ltd, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.