Business for sale

Business description

“Unique” awesomely positioned 18th century canal side country village inn enviably positioned unopposed in impressive north nottinghamshire village of ranby just off a1.

This is a most impressively proportioned country village inn enjoying an inspiring position within an affluent locale offered priced to sell at £99,950 to include fixtures and fittings, goodwill plus s.a.v.

Strong trading foundation to build on of £350,000 inc vat – 30% wet to 70% dry on self restricted hours – unbridled opportunity to develop food trade -£ ½ million potential, delightful “classy” lounge bar (70+) and cosy snug – quality canal side beamed dining (50) running onto patio & canal frontage
patio running along country canal (100) + waterside orchard + car parking (60)

Spacious 3 bed roomed owners accommodation with private entrance

Sought after village with quality housing – ideal family location

10 year landlord & tenant act protected lease renewable at its end for a further 10 years anon at no further cost and no less favourable terms.

Location (dn22 3ht)
The affluent quintessential english village of ranby is located on the old blythe road (a620) from the busy a1 as you travel into the historic market town of retford within north nottinghamshire. the local area is renowned for its rich open countryside and romantic canals winding there way through wealthy domestic residential villages. just minutes away from retford with its big brand names the village is a sanctuary for quality of life for families and couples seeking the best of both worlds.

A popular location for day visitors from the major cities of south yorkshire and east midlands visiting tourist magnets within the locale including sherwood forest & clumber park with the inn sitting on a long bend of the chesterfield canal which is “pretty as a picture”. demographics for the site are exceptional and similar to those of the wealthy shires of the home counties and the thames valley who have high disposable incomes and a penchant to eat out regularly and attracted by the inns authentic character. the world renowned author, fredrick forsyth, of “ day of the jackal” fame has been a regular customer of the inn sitting on the canal side patio which must have been most inspirational.

Property description
A large handsome detached property dating from the 1700’s of classic lines constructed of local brick and stone under pitched slate and tiled roofs. enter from the front porch into the main lounge bar (70+ vertical drinkers) an extensive open plan area broken down into three neatly kept “snugs” which are more or less self contained , carpeted ,each with a homely feel including pleasant classic furnishings ,deeply cushioned sofa’s , lather backed and tapestry chairs, standard lamps, coal-effect fires, panelled surrounds, large light bearing panelled windows, gilt mirrors and much much more.

This could be the setting of an old country grange will immense style and ambiance. sundays see the introduction of a very popular “carvery” offer running alongside the main restaurant menu. bar servery provides excellent merchandising opportunities and has a utility room off. restaurant (50) classically furnished with quality furnishings with a high feature “a” frame oak beamed ceiling certainly provides the “theatre” for a good dining experience especially with its double french doors leading onto the large canal side patio what a setting!

The room has its own bar servery. catering kitchen, set to the rear of the bar servery and restaurant is equipped to a high commercial specification. cloakrooms, ladies & gents are exceptionally well presented in keeping with the quality finishes of the inn.. beer cellar (2) provide excellent dispense facilities for both real ale and bright beers.

Owners accommodation
located to the first story with its own “front door” and comprises of a generously proportioned arrangement of 3 – 4 double bedrooms (one originally a private lounge), office, kitchen & family bathroom.

Externals
parking is provided for above 60 vehicles on 2 car parks and can manage coaches if so required. the delightful & most special canal side patio is on two levels with large umbrella’s and robust timber furniture. a further waterside rustic orchard area is available to the bottom end of the main car park with views up the waterway through the overhanging mature tree line, this is something most special.

Premises licenses
we are advised that the business trades on opening hours tues through friday of 12 noon till 3pm then 5.30pm till 11pm with 12 -12 saturday & sunday and total shutdown on mondays. the premises license allows for openings of 11am till 12.30am all week except sunday which has a 10.30pm closure. a personal license will be required and our training associates can assist with this for you along with other licensed retail training inc bii courses.

Tenure
we are instructed to offer the property and business for sale as a leasehold assignment of a 10 year landlord and tenant act protected (fully renewable at no further cost for another 10 year period “anon” at its end under no less favourable terms) from enterprise inns. the lease has a current business rent of £24,000 pa.

Services
we are advised that the pub benefits from mains electric, water, sewage with heating by lpg. business rates payable are £tba.

The business
Our client wishes to assign the lease after trading the business for several years and is now taking a further enterprise inns pub approx 1 hour away due to family circumstances of location requirements. sales for the business are currently on target for £350,000 inc vat for the year partially run under management. sales split is advised at 30% dry to 70% wet and we would expect a disposable net profit of circa £65,000.

For this style of operation when run by a “hands on “ operator living “on site” which is not currently the situation off our vendor client. the unbridled potential of this business is obvious and could see sales grow to £500,000 within a few months with a new hands on operator living on site which would cascade to a figure close to £100,000 as a disposable net profit figure.

This is a business opportunity that will undoubtedly grow and should be viewed at the earliest time to appreciate its full potential and special nature of its locale.