Business for sale

Business description

Highly profitable busy unopposed well known destination food house within locale of high disposable income and strong demographics.

A fine example of a high earning village inn offered at a most reasonable price of £159,000 lease assignment just partially tied to include fixtures and fittings, goodwill plus s.a.v

*Sales foundation of above £789,478 inc vat 67% Dry to 33% Wet with excellent net profits available – currently run under management

*(Traditional style “through” lounge and conservatory (96+) with carvery 2 outside provisions (one as smokers solution) with country views – large car park (80+) – plus lower grassed area used for fun public events such as bon-fires etc

*Comfortable spacious modern 4 bed owners accommodation

*Close to A1(M) – M62 – large West Yorkshire Towns yet rural by nature

*Protected & renewable 20 year lease partially tied only – “easy”(6.4%) rent set till 2012

LOCATION ( WF8 3EL )
Visibly located on the A639 ( also known as Roman Ridge) at its junxta with the B6474 on the DONCASTER – PONTIFRACT Road close to the A1(M) and M62 the pub is unopposed between the townships and the A!(M).

The locale gives a strong impression of rural splendour which must act as a magnet for day trippers from local West Yorkshire towns and cities. Sweeping open country views to each aspect of the pubs external areas provide a myriad of country pursuit opportunities and visual experiences which make this a most desirable location to live and work.

As “Roman Ridge” would infer, a settlement has been secured in the locale for hundreds of years mainly due to its proximity to the North South route forged out by the Romans passing up the A1 at close by “Ferry Bridge” which was a main river crossing at its time.

Many ancient monuments and places of historic interest are to be found locally including National Trust properties of note. DEMOGRAPHICALLY the location is “spot on” with Families having High Disposable Incomes , strong interests in current affairs and educated to above the national average level and an age grouping of 76% between the ages of 19 & 49.

Similar in nature to those of The New Forest, Christchurch in Dorset , Rushcliffe, Nottingham and The Isle of White being typical small village communities within close commuter distance of major towns and centres of employment.

PROPERTY DESCRIPTION
Constructed in the property boom times of the 1950’s the property is completely detached , off brick construction under pitched slate roofs and commands an impressive corner position with a large useable “foot print”.

Central through lounge can seat circa 96 covers plus vertical drinkers. Trading areas are broken down into more friendly user occasion areas with conservatory with large draped windows affording sweeping country views , The public areas are fitted with quality patterned carpets , exposed brick works and beams providing a recognisable classic atmosphere within the welcoming bar areas.

Furnishings are of robust quality dining lounge style with assorted sizes and shapes providing a flexible arrangement for differing party numbers.

Central bar servery runs the length of the internal area with a full range of real ale wickets and Bright Beer Pumps along with excellent merchandising opportunities for untied products such as wines and spirits.

Wash room facilities are well presented with two Gents , one Ladies and Disabled facilities. BEER ELLAR is “roll in”. catering kitchen is exceptionally well equipped with high quality commercial stainless steel units and a separate preparation area with “walk in” fridge and freezer. carvery unit is located to the left of the bar servery directly serviced by the kitchen ( full menu also available).

OWNERS ACCOMMODATION
Owners have a large modern arrangement of 4 good bedrooms, newly fitted family bathroom and modern kitchen/diner and living room with superb country views.

EXTERNALS
Car parking is available for around 80 vehicles including coaches , a benched area to the front entrance provides a useful outside drinking area and then to the side a delightful floral covered patio with space heaters which is used as a smoking solution. To the bottom end of the car park is a grassed area which is used for family fun events such as Guy Fawkes bonfire night etc.

PREMISES LICENSES
The Premises License allows opening of 10am till 12 midnight all week with 12 – 11pm Sunday. Actual trading hours are 11am till 11pm.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
The business is being offered with the benefit of a 20 year PARTIALLY TIED lease from ENTERPRISE INNS commencing 2002 with a current rent of £43,000 set until 2012 (6.4% ratio rent to net sales).The lease is fully protected under the Landlord & Tenant Act and therefore fully renewable at its end for a further 20 years at no further cost ( the business is already yours).

SERVICES
We are advised that the pub benefits from mains electric, water, sewage with heating and cooking by LPG. Business rates are advised as £20,286 pa payable.

THE BUSINESS
Our clients have run the business since 2001 and also have several other Enterprise Inns leases and now intend to gently ease themselves into retirement having held Enterprise/Whitbread leases for several decades and enjoyed an enviable and rewarding lifestyle from their endeavours.

Accounts for y/e March “06” “07” & “08” show growing sales up to £789,478 inc vat on a split of 33% Wet to 67% Dry plus a machine income of £8,000 net. It would be reasonable for a business of this type and sales split to show circa 20% net profits ie £134,000 and accounts to March 07 show a GP of 52.7% which will cascade down to a Reconstructed Net Profit of around £100,000 when adding back exceptional and personal expenses such as depreciation, managers wages, one of repairs, HP etc.

As previously explained , the business is run at “arms length” under management however with a “hands on” owner operator this business could grow to the £1million sales level with projected net profits up to £200,000 providing an exceptional return on investment and time.

Ref: G4435L