Telford - Well Established Themed Pub And Restaurant In Busy Central Location

The Compasses Inn is a well-established pub and restaurant in the suburb of Oakengates, just five minutes drive from Telford town centre. Telford is the county town of Shropshire located on its eastern boundary close to the West Midlands conurbation and is a newly developed town that began its rapid expansion in the 1960s; swiftly becoming one of England's fastest growing towns with much industry, manufacturing and employment being provided. In 2021 its population was believed to be approximately 185,000. The town has grown due to its strong links to the Birmingham conurbation and having excellent communication links via the M54 which links with the M6 to the east and Shrewsbury to the west. The central location has excellent road communication links and allows Telford's population to be within 10 minutes drive from the subject premises. Its central location and accessibility being one of the key features of its success.

The main property is the original public house of traditional construction offering accommodation over two floors, but the highlight of the premises is the log cabin extension built in 2007 which provides a unique dining experience for Telford and the surrounding areas. It is home to the Mongolian barbeque which has proved to be very popular and trades very successfully alongside a more traditional food offering which is also very well received.

In brief, the property provides a traditional lounge bar with self-service area and restaurant leading on to verandah and large trade garden. At first floor is the extensive private accommodation. The size of the site and considerable trade garden and hard standing areas makes it the perfect venue for outside events, and this is an area that the current owner is certain could provide huge scope for new owners to diversify the business, thus increasing trade.

The property comprises:
TRADE AREAS
Main entrance at the rear of the property to the log cabin themed RESTAURANT of considerable character with exposed wood walls to vaulted ceiling and tiled floor and seating 75. Food self-service area leading into traditional LOUNGE BAR seating 30 with heavily beamed ceiling and tiled floor. Wood panel fronted BAR COUNTER.

GENTLEMEN'S, LADIES' and DISABLED ACCESS TOILETS.

Excellent two section CATERING KITCHEN which is comprehensively equipped. DRY STORE. On level CELLAR.

OWNERS ACCOMMODATION
Located at first floor and comprising: well appointed modern KITCHEN. Comfortable LOUNGE with access to roof garden. THREE large DOUBLE BEDROOMS. BATHROOM.

EXTERNAL
One of the features of the property is the outside trading areas with the covered verandah leading from the restaurant seating 30. Lawned areas currently with seating for up to 60 but ample room for many more if required. Hard standing CAR PARKING for approximately 50 vehicles.
The premises were purchased by the current owner in 2003, and the property was extended in 2007 to provide the outstanding log cabin themed restaurant which has proved to be a huge success as it houses the Mongolian barbeque concept which has become very popular since being developed. In addition to the Mongolian barbeque there is a well-established traditional Sunday lunch trade, and the business has built an excellent loyal customer base that use it on a regular basis. Our client's accounts for the financial year ending March 2025 show total sales of £391,457 exclusive of VAT working on a gross profit of some 61.6%. These figures have been achieved despite not opening lunchtimes which provides an excellent opportunity for coffees, brunch, lunch and afternoon teas.

FREEHOLD £535,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.

A full Premises Licence is held