Business for sale

Business description

High quality unopposed 19th century village freehouse within the distinctive exclusive lincolnshire village of south kyme

A rare opportunity to acquire an outstanding business and elegant home within a much favoured prosperous village offered at £499,000 freehold to include quality fixtures and fittings, goodwill plus s.a.v.

Strong sales foundation of £250,000 inc vat y/e 05/07 split 60% dry to 40% wet returning 65% g.p + guest lettings, obvious potential to add at least 50% to turnover

*Stylish lounge bar (24+) – contemporary dining rooms (28+40covers) – exceptional kitchens – 2 double en-suite guest bedrooms.
*Well above average 4 bed roomed owners accommodation – total property in “tip top” condition ready to walk in, trade and enjoy.
*Feature front patio (40) – side patio (12) with grassed area – c/p 40.
*Business has been non-smoking well before act came in.
*Adjacent popular water feature with golf courses and historic tourist attractions close by.

LOCATION (LN4 4AD)
This is a most special and favoured area of the county of LINCOLNSHIRE and would judge this to be one of the finest well kept FREEHOLDS on the market within the Shire. The village of SOUTH KYME boasts good quality houses of maturity and high specification “new builds” and is becoming one of the most desired villages to reside within boasting an 18 hole golf course and delightful river side moorings and walks.

The area is steeped in history with National Trust properties, castles such as the fairy tail OLD BOLLINGBROKE, aviation history within RAF Cranwell, Battle of Britain Memorial Flight and Lincs Aviation Centre close by along with several renowned golf courses all of which attracts day visitors and new residents.

From the A1 follow the A17 towards Sleaford then past Sleaford follow the A17 or A153 to the B1395 then into the village and the property is to be found unopposed to its centre opposite the hump back bridge over the River Kyme (non – flooding). To the rear of the business there is a mews style development of superb “executive” style residential properties.

PROPERTY DESCRIPTION
The property is completely detached and of local light coloured brick construction under a “rosemary” tiled pitched roof. The property is to a high standard and is in a “pristine” condition therefore we cannot emphasis more highly that the total of this property is “ready to move into” without worry or concern as to the fabric of the structure ,it’s services or quality of furnishings.

Enter up the front steps or ramp into the Lounge bar (24+ vertical drinkers) which in common with the total internal finishes are to a modern contemporary style having hard stripped polished timber floors, large light bearing windows, large wooden tables with leather chairs.

The Central bar servery has excellent merchandising opportunities and is of wood construction with a polished counter top and high stools to its frontage. Dining rooms (28 + 40) match the style of the business and are similarly furnished.

Plenty of space is provided for diners which reflects the style of the food offer and corresponding prices achieved. Catering kithen is of exceptional finish and has been professionally designed and installed using state of the art commercial equipment.

A rear service and prep are has built in refrigeration. WASHROOM facilities are fully tiled and high standards as would be expected within this style of business. Beer cellarage, running beneath the property has been fully renovated and is totally compliant, providing excellent dry storage for the business.

LETTING GUEST BEDROOMS
The pub offers high quality luxury accommodation within its 2 restored double guest bedrooms and have excellently furbished bathrooms en-suite.

OWNERS ACCOMMODATION
This is the “crème de la crème” of owners accommodation and comprises of 4 generous bedrooms, lounge, office or dining room, family shower room, with superb village and country views. All floors are of polished laminated wood finishes. A real delight.

EXTERNALS
This much favoured business has a PATIO (40) to its front elevation which is virtually SOUTH FACING so gets the sun all day. To the side is a smaller PATIO for 12 along with a small grassed area. CAR PARKING is provided off road for 40 vehicles. Plenty of facilities for smokers as this was addressed long before the ban came about.

PREMISES LICENSES
The business trades on traditional hours of 12 noon till 2.30pm then 6pm till 11pm all week which gives a new owner an opportunity to further grow sales and take the window of opportunity not at present realised or taken from the PERMITTED hours of 11am till 1am.

TENURE
We are instructed to offer the property and business for sale as Completely freehold.

SERVICES
We are advised that the business has all mains water , electric, sewage with heating by Oil and cooking by LPG. Business rates payable £1,300 p.a.

THE BUSINESS
Accounts up to end of May 2007 will confirm sales of approx £250,000 inc vat on a sales split of 60% Food to 40% Wet with a GP of 65% and above. A comparable business can show NET PROFITS of 30-35% of net sales i.e. £64,000 to £74,000. With the introduction of extra available hours and a focus on possible business opportunities including attracting a more vibrant drinking based clients (our clients live off premises)

We would expect achievable sales to reach at least £375,000 p.a. with Disposable Net Profits into Six figures. An up to date EPOS system has been installed. Being the only “pub” in the village and without doubt the best environment within any of its competitors within 20 miles gives the opportunity to introduce further expertise and develop a unique favoured watering hole focusing on the strength of the neighbourhood profile within an area of sustainable prosperity. This is probably the “bench marking” for pubs of the future.

This is truly a unique business opportunity waiting a new dedicated owner be it a private individual or corporate buyer to fully capitalise on its true potential

Accounts information will be made available to interested parties after viewing.

Ref: G4280F