Popular Central Pub in West Yorkshire

Wakefield, West Yorkshire
REF: R07293

Asking Price:
£70,000
Annual Turnover:
£273,653
Annual Net Profit:
£50,044
REF: R07293

Overview

Tenure:
Leasehold
Established:
2017
  • Busy pub in town centre
  • Loyal customer base
  • Recently refurbished premises
  • Strong online presence
  • Opportunity for future growth

Now available to the market is this thriving local pub in Wakefield of West Yorkshire, only up for sale due to the current owner’s other business interests.

Since the owner bought the pub in 2017 they have worked hard to rebuild its reputation, previously having closed. It has undergone a full refurbishment, with new equipment and a modern, comfortable interior.

Offering a wide range of refreshing alcoholic beverages and freshly prepared meals such as a wraps, paninis and full English breakfast, the pub draws in a large crowd of locals and passing trade, enabling it to generate high weekly takings.

The pub is visited by those in the local community and those passing through the area, many of whom keep coming back due to its wide selection of affordable food and drink and welcoming, friendly service.

The front entrance leads into the main area, with ample table and chair seating to the left and booth seating to the right. A large bar runs along the length of the left wall. Further on is another seating area, a smaller bar, and the toilets. The kitchen area is to the right. To the rear there is additional seating and a pool table, whilst an office and storage room lies on the first floor. The pub is currently run by the owner and three part-time staff.

All equipment is included in sale price, consisting of 6 x 50 inch smart televisions, a music system, 3 x fridge/freezers, a hot cupboard, cooker, griddle, microwave, Bain Marie, warm cupboard, cooker hood, complete bar area with 3 bar fridges, fixtures and fittings.

The pub has a great online presence, with a website and Facebook page showing upcoming events, such as live music, comedy and quiz nights, testimonials, and over 1,000 followers.

The current owner would be willing to discuss staying on for a transitional period.

This is an exciting opportunity to take on a bustling local pub which benefits from a prime location and regular customer base. A new owner could take full advantage of the business’s impressive financial profile and returning customer base, in order to take it to the next level.

Ideal for an individual with time and energy to invest in its growth, the pub can be developed in a number of ways.

The pub is open 7 days a week until 11pm, but with a license for later opening. Its hours could be extended to take advantage of late night trade. The pub’s menu could also be expanded to include a wider offering, potentially introducing meal deals to keep food affordable. Additional advertising through other social media platforms would also help to widen its exposure.

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  • Town centre location
  • Proximity to shopping centre
  • High footfall location
  • Other businesses nearby
  • Residential area
  • Pub crawl route
Rent
£20,796
Rates
£8,250
Lease Term
5
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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