Business for sale

Business description

An exceptionally rare , superbly appointed suburban inn with robust trading and a very strong profit line. Located in the poular west yorkshire village of stanley.

An imposing traditional road side hostelry having recently undergone a £120,000 refurbishment, offered as a leasehold assignment at £150,000 to include extensive fixtures and fittings, goodwill plus s.a.v.

*Sales £611,000 INC V.A.T 70% dry 30% wet – with G.P. £325,000 with high reconstituted net operating profit.

*Recently fully refurbished lounge bar and restaurant in all circa 150 covers, with locals area (30) standing.

*Highly impressive terraced beer gardens (80) and extensive car parks.

*Large 3 bed roomed owners accommodation.

*A fabulous thriving business close to Wakefield and the new M1 orbital around Leeds.

*New 10yr fully renewable partially tied lease full landlord and tenant protected.

LOCATION (WF3 4AJ)
The village of Stanley has benefited from the opening of the new M1 motorway built to link the original M1 and the A1. The Spindal Tree is located on the A642 Aberford road. This has resulted in a much increased volume of car traffic passing the pub, together with making Stanley an extremely popular commuter village with access to the whole of west Yorkshire.

This has resulted in the pub attracting a strong lunchtime trade from business users and the grey’s market and in the evenings local residents and drive to customers from any of the huge conurbation that goes to make up this part of west Yorkshire.

PROPERTY DESCRIPTION
The property having recently undergone a major refurbishment is in splendid condition. It is of brick construction, rendered and painted under a slate roof which was refurbished during the recent works. The pub has been fitted throughout with new u.p.v.c. Windows and brass lighting and in summer the pub is festooned with hanging baskets and is most striking to passers buy.

There is a central bar servery newly built in dark stained timber with a really good back fitting with excellent merchandising points and a build in expresso machine. The lounge bar is divided into two areas by a partial wall, to the rear end of the pub there is seating for circa (40) and to the front which also benefits from a beautiful period fire place there is seating for in the region of (35) with a locals area to the side of the bar (30) standing.

To the rear of the building is a new extension forming a restaurant (80) this is ideal for small weddings and an extension to the normal food operation. There are french doors to the rear of the extension leading to the car park providing a perfect area to add a marquee for larger functions.

The kitchens are substantial and fully fitted with the latest equipment as one would expect for such a busy business, with store rooms for dry goods and a wash up area and cold storage.

The beer cellar in under ground and of good size with new cellar cooling. There are ladies and gents toilets to the rear with a disabled facility all are in fist rate condition.

OWNERS ACCOMMODATION
This comprises of 3 large bedrooms a substantial sitting room, office, newly fitted bathroom shower room and toilet and a fully fitted kitchen.

EXTERNALS
To the rear of the building there is a good sized car park one of two with spaces for circa twenty cars, the other being to the front of the building across the road with parking for up to 30 cars, both are tarmac and lined with good lighting and signage.

To the rear is also the terraced beer garden with picnic tables and seating for up to 40 people it has new wooden fencing and gates making it suitable for children. To the front of the building are a number of picnic tables for those who like to be seen. A smokers retractable canopy is provided adjacent to the rear entrance.

PREMISES LICENSES
We are advised that the business’s premises license allows trading from 12 noon until 1am Monday to Saturday and 12 noon until 11pm on a Sunday. The hours currently being used are Monday to Thursday 12 noon until 2pm and 5pm until 11pm with food ending at 9pm. Friday and Saturday 12 noon until 1am with food until 9pm. A personal license will be required and our training associates will be able to assist with this.

TENURE
We are instructed to offer the business for sale by way of lease assignment of a 10 year partially tied lease from 2007, fully renewable at no further premium with full Landlord & Tenant Act Protection from Punch Taverns at a business rent of £45,000

SERVICES
We are advised that the pub benefits from mains services with gas central heating throughout. Rates payable are circa £7,200 p.a.

THE BUSINESS
The pub is Currently run under management and is being assigned by our clients due to the demands of their other businesses. The sales are currently £611,000 gross with a slit 70%dry 30% wet with a gross profit being achieved of 62.5% giving a gross profit figure of circa £325,000 and a forecast a reconstituted net operating profit in the region of £150,000 (after adding back personal, management and one off expenses) .

Our clients have indicated to us that due to demand they are shortly to extend their opening times to all day offering a further opportunity to increase the levels of trade and profitability this we believe would enable sales to reach in the region of £750,000 with excellent resulting profits.

A clearly identifiable opportunity to excel in a much coveted trading area

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

Ref: S4393L