Business Summary:
Entertainment Venue with Carvery and Restaurant
Ref.CO104
Location West Midlands
Asking Price £ 250,000
This is an almost unique opportunity to acquire one of the regions leading carvery and entertainment venues that has built itself a fantastic reputation for providing quality food and drink in excellent surroundings. Its claim to fame, and the key reason for it success is that it provides a broad range of top quality cabaret acts on a daily basis to appreciative audiences who travel for many miles to enjoy the experience provided by the professional and experienced hosts.
This business really buzzes and not only offers live entertainment four nights a week but also at lunchtimes. Its packed operating schedule includes an early lunchtime carvery, afternoon showtime, early evening carvery followed by the evening performance. It is an extremely popular venue for coach parties from all over the Midlands and South West catering for company functions and pensioners outings alike
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| Facilities / Terms of Lease:
The premises enjoy a fantastic location being within a mile of the M5 motorway and within two miles of the city centre. Originally a farmhouse the property now boasts a large car park suitable for coaches with a covered Gazebo for warmer evenings and to cater for the smokers. There is a small lounge area, comfortable bar, restaurant and stage. A fully fitted professional kitchen that has new Lainox Combi ovens supports the facilities. There is also a three bed-roomed self-contained flat that is presently used as office space. There are seven years left of a twenty one year lease at a cost of forty thousand pounds per annum. |
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| Potential
Growth/Expansion:
N.A. |
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| Competition:
The marketing activity is split into two key areas. Firstly, lunchtime and afternoon clients. The business holds a database of around one thousand six hundred coach firms, group tour operators, residential and nursing homes. These receive regular mail shots with updates on promotions and new shows. This activity drives the daytime marketplace and ensures that the business maximises its opening hours to the full. Bookings are accompanied by a five pound deposit per person with the balance being paid a week before the event. |
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| Owner
willing to train:
The general manager will stay with the business for a period to be agreed as part of the overall sales negotiations. |
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| Reason for selling:
The directors have spent a number of years building this business to be the success it is today. They also have a property rental business in sunnier climes and wish to spend more time abroad. |
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Seller Reference Number: CO104
BusinessMart.com Listing Number: 61540 |
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