Business for sale

Business description

“Untapped” favourably positioned freehouse sitting adjacent new waterways leisure development providing excellent trading opportunities and lifestyle

A super opportunity to live in an inspiring locale and run an interesting business with lots of room to grow offered at a realistic asking price of £399,000 freehold to include fixtures and fittings, goodwill plus s.a.v.

*Solid Trading foundation to build on of £175,165 inc vat – 70% Wet to 30% Dry – 130+ beer barrels – huge scope to grow sales – options limitless

*“L” Shaped Lounge Bar (28+ vertical drinkers) – Restaurant (34) leading to garden

*Large exceptional 7 bedroomed owners accommodation

*Waterside lawns (60+) – Family Garden (40) – Patio (20)- car parking

*Area of bustling heritage close to vibrant medieval Market Town & Golf Course

*Ideal purchase for pub group or forward looking private owner

LOCATION (PE20 3QR)
The business is extremely well positioned to take advantage of the growing nature of the leisure focus of the area including a major investment by the environment agency and the lincolnshire waterways partnership developing the fens waterways link which will open up the “south forty foot water way” from boston, the renowned medieval market town (well known for “the pilgrim fathers” and “boston stump”) through to the cathedral city of ely and university mecca of cambridge.

(Planned for 2008/2009). The popular boston west golf course and driving range is close by with its 71 “par” course and also within easy distance many national trust sites, wwii museums, east coast seaside resorts, caravan parks, holiday lets and places of historic and recreational interest providing a magnet for tourists to the area along with the re-location of families to the residential areas to enjoy the open air lifestyle experienced within the area.

The property is to be found at hubberts bridge, at the cross roads of the a1121 and b1162 fronting the waterway (non-flooding) with the local rail station adjacent.

PROPERTY DESCRIPTION
The property commands an impressive corner position being of brick construction under pitched roofs probably constructed when the railways forged through the locale during victorian times. Main lounge (36 plus vertical drinkers) is set around the central bar servery in an “l” shaped arrangement.

There are open fireplaces set into brick surrounds to each end and a patterned carpet fitted. Seating is provided by fixed seating and loose chairs to polished tables which are suitable for informal dining. The room is bright and airy with large light bearing windows over looking the waterside lawn area and down lighting set into the ceiling.

The servery is of timber tongue and grove construction and has a range of real ale wickets and bright beer pumps set onto its counter top. Restaurant (34) is also serviced by the central servery for economy of staffing. Polished tables and loose chairs, providing for a flexible layout, are set on a carpeted floor and double “french doors” open up to the family garden.

Catering kitchen is fully equipped with commercial units, fully tiled to walls and floor along with plenty of storage space provided. Toilets are well presented and of easy maintenance. Beer cellar is located for ease of use to the ground floor.

OWNERS ACCOMMODATION
Located to the first floor and comprises of 4 Double Bedrooms (one with sink) and 3 Single bedrooms (one with sink) along with a Family Bathroom and 2 shower rooms with WC’s, then a large private lounge, fitted kitchen/diner & office.

EXTERNALS
The business benefits from a range of outdoor amenities including a Family Garden (60) accessed from the dining room, front patio (20) and a delightful and most popular waterside lawn area with timber picnic tables (60+) enabling customers to watch the boats go by and birds diving for fish.

PREMISES LICENSES
We are advised that the business trades on opening hours of ~ Closed ALL DAY Monday and Tuesday until 5.30pm, then open Weds/Thurs/Fri 12 midday till 2.30pm and 5.30pm till 11pm with Saturday 2 – 11pm and Sunday 12 till 10pm.

The premises licence allows for openings of Sun through Thurs 10am till Midnight and Friday/Saturday 10am till 2am. 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 TOTALLY FREEHOLD with VP (vacant possession)

SERVICES
We are advised that the business benefits from mains services inc water and electric connected, gas is LPG, septic tank sewage and heating by Oil. Business rates payable are £1,820 pa.

THE BUSINESS
Our client has provided trading information showing Sales to Y/E Sept 07 of £175,165 inc vat on a split of 30% Dry to 70% Wet with a MAT barrelage of 130 Brls inc bottled beers plus composite barrelage. Currently the business is run by 2 families who live out of the business however with a traditional arrangement of a couple running the business it would be reasonable to assume a Disposable Net Profit of 35% for this style of business, i.e. based on current levels of sales at £52,000.

With further focus by a new energetic owner majoring on the ongoing opportunities provided by the waterways and leisure interests it would be fair to say that the trading levels should escalate to well in excess of those currently achieved to circa £250,000 and above providing a potential Net Profit of around £75,000.


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