Pub for sale in Sheffield

The Noose and Gibbett Inn, a pub located in Broughton Lane, Sheffield, is to be put up for sale.

Situated opposite the Motorpoint Arena and next to the Valley Centertainment leisure complex, the pub is well-located to catch nearby trade. It is also easily accessible from the M1 motorway and the Meadowhall Shopping Centre is not far away.

The current owners have had the pub since 1991, however the business has been in existence for around 150 years. The pub is for sale due to the owner's desire to retire and is still doing a good trade, generating a turnover of around £210,000 a year and a gross profit of 64 per cent.

Around 34 per cent of the income is generated through letting out the 12 bedrooms, while breakfast and occasional evening meals also help to supplement the income derived from drinks sales. Expanding to offer food at lunchtime, or supply a sandwich delivery service to the local area could help further supplement this income.

Negotiations are ongoing at the moment for a plot of land at the rear of the premises, which would allow for a car parking and beer garden area to be developed.