Red Lion, Northfield Road, Dudley
£70,000
OPPORTUNITY TO ACQUIRE A PUB /INDIAN RESTAURANT AND UPPER FOR LEASEHOLD IN WEST MIDLANDS
LOCATION:
We are pleased to offer this fantastic pub with an Indian kitchen and a 4-bedroom flat above, located in Dudley, West Midlands. The property benefits from a strong corner location with local footfall, surrounded by residential developments and local amenities. It offers great accessibility and visibility, making it an ideal opportunity for those looking to acquire a well-established business.
The pub enjoys a prominent trading position, close to local businesses and residential housing, with easy access for both local patrons and visitors. This makes it a desirable investment with long-term growth potential.
Reason to sell: Genuine retirement sale.
OVERVIEW:
This is a unique opportunity to acquire a pub featuring an Indian kitchen, along with a spacious 4-bedroom flat included in the lease. The current vendor has operated the business for the past one year.
The upper floor consists of a 4-bedroom flat currently tenanted, generating a monthly rental income of £1,200. A new owner can choose to continue receiving this rental income or alternatively use the accommodation for personal use or staff housing. Additionally, the property benefits from a large parking area at the rear, offering added convenience and potential for further use.
POTENTIAL:
The business is currently operational 7 days a week, but with limited opening hours, leaving significant room for growth and increased profitability. New owner can presents an excellent opportunity to expand the current offering by introducing a breakfast menu, as well as extending trading hours into the late evening to attract more customers and generate additional income.
The new owner can also expand the menu by adding more items to attract a wider range of customers. There’s a good opportunity to promote the business through online platforms and social media, which could help bring in more customers and increase its presence in the community.
Furthermore, the pub offers strong potential for growth through the hosting of regular events such as live sports screenings, themed nights, live music, and private parties. These initiatives would complement the venue’s existing charm — a unique combination of a traditional pub setting with authentic Indian cuisine — and could help to establish it as a vibrant local destination with a loyal customer base.
Turnover: Approx. £2,500 per week / £130,000 per annum
* Rent: £26,000 per annum for shop and 4-bedroom flat.
currently receiving rent of £14400 from the flat which makes the shop rent effectively only £11600 pa
* Business Rates: No business rates
TENURE: Leasehold – approx. 14 years remaining (renewable)
TRADING HOURS: 12 PM – 10 PM (7 Days)
PRICE: The business is being marketed at a leasehold premium of £70,000, plus stock at value. This includes goodwill, fixtures, and fittings.
For further information or to arrange a viewing, please contact on 0204 572 0717 or email us at info@skylinecommercialproperties.co.uk
Tenure: Leasehold
Reference: CS0743
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
