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3 bedroom pub for sale

Lichfield Road, Tamworth, Staffordshire, B78

Sold STC £99,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes and A4 Drinking Establishments

Key features

  • Well established
  • Canal side village location
  • High turnover business
  • 4 bedroom accommodation above
  • Proffitable
  • Spacious trade kitchens

Full description

Tenure: Leasehold

Canal Side Pub For Sale in the village of Hopwas
Ref 1057


This outstanding and high turnover concern is located on the canal in the desirable village of Hopwas in Tamworth, Staffordshire. Its prominent position means not only does it draw regular repeat trade but has a huge amount of passing trade from the canal boats and is easily accessible to major motorway networks.

Financial information

Asking price: 99,950 plus SAV
Turnover: 442,740 net of vat per annum
Gross Profit: 253,710
Stock value: 3,500


Punch Taverns full repairing lease
Original term: 10 years
Remaining : 5 years
Rent: 46,000 plus vat per annum
Rates: 19,000 per annum

Business Description

Veritas Business sales are delighted to offer for sale this attractive and thriving canal side public house and restaurant. This extensive property boasts mature beer gardens, children's play area, patrons carpark for (50), large trading area and 4 bedroom living accommodation. The business has been trading for over 120 years and been in the careful hands of the current owner for the past 15 years. Reluctantly the business is being offered for sale as the owner wants to enjoy a well earned retirement. Since our client has taken ownership of the business he has continually invested in new fixtures, fittings and equipment which are all brought and paid for and included within the sale price which means any new purchaser will not have to spend any additional funds for some time. The business has an annual turnover of 442,740 with a gross profit of 253,710 excess of 1 million pounds net of vat and approximately and shows a healthy net profit. Around 60% of turnover is from wet sales and the remaining 40% of turnover is from hearty home cooked food sales, using only the freshest produce. There is a tie on draught beers, bottled beers and ciders with the exception of wines, soft drinks and spirits which are free of tie. This successful concern is currently owner operated and employs 3 full time and seasonal 17 part time members of staff. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. We consider this a rare opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.
Opening Hours

Monday - Sunday - 10am - 11.00pm

Ground Floor

Lounge with bar servery, restaurant seating for (60), multi fuel stove and air filtration system
Public bar with servery, dart board, gaming machine, 2 X sky TVs and multi fuel stove
Hallway with storage cupboards for cleaning products
Gents W/C
Ladies W/C
Commercial kitchen comprising; double sink, hand wash basin, under counter fridges, hot cupboard and pass, 2 x double fat fryers, grill, 6 burner commercial hob & oven, Rational self cooking centre oven, extraction hood and selection of fridges
Preparation room with sink, freezer, walk-in fridge and ice machine
Laundry room
Staff W/C and changing room

First floor

Double bedroom X 2
Single bedroom

Second floor

Double bedroom
Store room
Cellar comprising

Main beer cellar
Bottle store room with beer drop and sink

External Extensive beer gardens comprising; decking, picnic tables, children's play area, brick built store room and BBQ
Patrons carpark for (50)

Map & Street View

Disclaimer - Property reference 1057. The information displayed about this property comprises a property advertisement. 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 VERITAS BUSINESS SALES LTD, Solihull. 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.

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