Anderson Shaw are pleased to be able to offer for sale a unique business consisting of a substantial freehold property, two successful businesses and change of use approval to convert part of this property into a highly profitable children's nursery.
The Gamecock Inn on the outskirts of Tamworth has operated as a public house since around 1865 and continues to do so to this day. More recently the upper floors of the property have been used as a House of Multiple Occupancy (HMO) which generates a healthy regular income.
The current owner has seen the potential to redevelop the property and has recently gained planning permission for a change of use of the ground floor into a children's nursery. There is high demand for nursery places in this location and it is anticipated that this change of use would provide an experienced children's nursery operator with the opportunity to generate a significantly increased income and profit from these premises.
The current owner believes that once the property has been converted there is scope for generating an annual income in excess of £600,000 with a potential profit in excess of £350,000 per annum.
The first floor of the property is currently operated as an HMO which generates an income of approximately £3k per month to the owner of the property. These premises together with the recent approval for a change of use will provide the new owner with an attractive income and profit opportunity for many years to come.
The Vendors invite offers for 100% of the shares of White Towers Holding Ltd which owns the freehold to the property;
Location: Midlands
Annual Sales Potential: c. £600k generating profits of : c. £350k
Contact: Peter Wilson Info@anderson-shaw.co.uk 02476 100476
Anderson Shaw Reference - ASCFL/TOWER