157-Year-Old Public House in Shropshire

Telford, Shropshire
REF: R06249

Asking Price:
£250,000
Annual Turnover:
£321,164
Annual Net Profit:
£75,000
REF: R06249

Overview

Tenure:
Freehold
Established:
1861
  • Long-established
  • Freehold sale
  • 3-bed accommodation within
  • Huge scope for growth
  • Highly sought-after location
  • All fixtures and fittings included

Established in 1861, the business for sale acts as a reputable pub in the affluent area of Shropshire. The business is renowned for its wide range of beverages with a particular focus on Yorkshire ales.

The business also flaunts a high-quality, spacious 3 bed apartment which could be utilised as living accommodation or leased to a tenant: providing another source of income. Both the pub and the apartment have been renovated to an extremely high standard.

As one of the oldest pubs in the vicinity, the bar has become a staple meeting place within the local community. The business is now for sale on a freehold basis.

Situated in Telford, the pub welcomes clients into 3 large guest spaces: one to the front, the side bar, and the snug- all of which have their own bar. Further along are the recently renovated ladies and gentlemen toilets. There is also a large galley kitchen which has the potential for extension. A small storage room is used for any surplus stock. There are approximately 40 covers, with potential to expand further.

Downstairs is a small basement which is used for general storage and to house all the various alcohol pumps, kegs, etc. Upstairs is a large apartment which has also been renovated to an impeccable standard but retains many of its original character features. The apartment has 3 large bedrooms, a family bathroom and a kitchen. The accommodation is retrieving a rental income of £850 per month. Outside is a small seating area and a garage to the rear.

All fixtures and fittings are included in the sale price. A transitional period is available, if needed.

This is a unique opportunity for a new buyer to purchase one of Shropshire’s oldest pubs which is renowned for its high-quality real ale. The business boasts a loyal customer base and an excellent reputation which has resulted in impressive financial figures. This is an opportunity which will appeal to an entrepreneur looking for a well-established business in the licenced industry or an independent/corporate chain in the industry looking for a bolt on acquisition.

Despite firm foundations set, there are ways in which the business could be grown further. At present, the pub does not offer food. A new buyer could introduce a high quality menu to greatly expand the profits and enticing more customers in. There is also a strong opportunity to create an online presence and social media profiles, all with a modern aesthetic design which could further increase its already large consumer base.

Loading...
  • High street location
  • Affluent area
  • Idyllic scenery
  • Car parking nearby
  • Residential area
  • High footfall
Rent
N/A
Rates
TBC
Lease Term
N/A
Lease Expiry
N/A
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
£350,000
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

Refine

Miles
£
£
£
£
Timed popup