Turnkey pub for sale in Wrexham, The Midland with annual turnover of £1.5m

Description

Turnkey Pub Opportunity - The Midland, WrexhamOverviewAn exceptional opportunity is available to acquire a thriving, fully fitted and extensively refurbished public house located in the heart of Wrexham city centre. The Midland, formerly operating as a Wetherspoon’s venue, was comprehensively redeveloped by Ansloos Leisure Ltd following a significant investment of £250,000 in late 2023. Since reopening in December 2023, the venue has rapidly established itself as one of Wrexham’s leading hospitality destinations.Financial HighlightsThe business delivers strong trading performance with annual turnover of approximately £1.5 million for the year ending 2024. After exceptional costs, net profit is reported at around £253,000.Revenue is primarily generated through wet sales, representing approximately 80% of total income, with a gross margin of 60%. Food sales account for 20% of revenue, achieving a gross margin of 40%. Additional income streams include machine revenue averaging approximately £2,500 per week.Lease and TermsThe asking price for the business is £300,000, including assignment of the lease with approximately nine years remaining. The monthly rent is £2,500. This represents a rare opportunity to acquire a fully operational and profitable hospitality venue with an established customer base.Facilities and EquipmentThe sale includes all fixtures, fittings and operational systems required for continued trading. Assets include an advanced AV system valued at approximately £30,000, a modern smart beer dispense system, a kitchen installation exceeding £50,000 in value, along with a full inventory of furniture, fixtures and fittings and a complete EPOS system.Location and Growth PotentialThe property is positioned on one of the busiest streets in Wrexham city centre, surrounded by national retailers, banking institutions and transport links, ensuring strong visibility and consistent footfall.Significant growth potential exists through expanded food offerings, extended late-night trading, increased machine revenue and the introduction of private hire and event-based functions.Acquisition DetailsThe transaction includes lease assignment, a lease deposit of £7,500, goodwill, all fixtures and systems, and assignable contracts for utilities, business rates, EPOS and supplier accounts. A full operational handover and training period is offered to ensure a smooth transition.About Ansloos Leisure LtdAnsloos Leisure Ltd specialises in acquiring underperforming hospitality venues, redeveloping them and trading them as profitable businesses. The company has successfully completed multiple venue transformations, with several sites currently in operation.Opportunity SummaryThis opportunity is suitable for experienced operators, investors, pub companies and multi-site hospitality groups seeking a high-turnover, fully established public house in a strong city centre location.