The Birmingham Office of specialist licensed trade property agents, Christie + Co, is delighted to have been instructed to market the freehold interest of The Sneyd Arms in the market town of Tunstall in the city of Stoke-on-Trent.
This three-storey property briefly comprises: function suite (80) with a stage and dance floor, lounge bar with snug (40), central bar servery, restaurant (50) with a carvery unit and a separate entrance to a public bar (40).
It also includes 14 letting bedrooms, which are on the first and second floors, some of which have en suite facilities. The owner’s accommodation is a self-contained apartment comprising a bedroom, bathroom and living room.
The business is well-established and trades mainly as a pub/restaurant with the letting accommodation as an ancillary service, where more income could be generated. Trade is currently split between wet sales (57%), food (36%) and accommodation (7%). Trading is consistently at an average of £12,000 per week.
Paul Reilly, who is handling this sale from Christie + Co’s Birmingham Office, commented: “With a healthy volume of beer sales and a good local following for its food, this business could fit into a small or medium-sized company portfolio and has the potential to generate further income with a sympathetic upgrading of the accommodation.”
The Sneyd Arms is available freehold and Christie + Co is inviting all offers for the property.