Business for sale

Business description

“Cracking” 17th century pub located within popular favoured locale of ruddington an ancient village community close to nottingham

An opportunity waiting to happen – offered at a most reasonable price of £95,000 lease assignment to include extensive fixtures and fittings, goodwill plus s.a.v.

*Sales of £260,000 inc vat 20% Dry to 80% Wet – significant potential to add to strong business foundation.

*Traditional style English country tavern atmosphere with pleasing open fires and low oak beams within lounge, snug & games (200)

*Impressive unique beer garden (200+) – car park (15+)

*Comfortable 3 bed roomed owners accommodation with private entrance.

*Friendly village community of 6,500 people with traditional shopping.

*10 year protected fully renewable lease with rent set till 2011.

LOCATION (NG11 6LB)
The popular “living” village of RUDDINGTON lies to the South of the vibrant CITY of NOTTINGHAM with a population of 6,500. The village dates back as a settlement to 1,500 BC and was mentioned in the Domesday Book having become of major importance within the Saxon period circa 550AD.

Today the village is alive with activity having a range of traditional local shops, historic buildings, museums, country park, and a true sense of identity with a strong community spirit. The pub derives its unusually spelt name from Mary Queen of Scots. From the A52, Loughborough to Nottingham Road, turn into the village and the pub is located un-missably on EASTHORPE STREET off HIGH STREET close to the centre of the village.

PROPERTY DESCRIPTION
The property commands a detached main road position and was constructed in the 17th Century of local brick under pitched roofs being originally a favoured watering hole of local forestry workers and “Nottingham Poachers” who haunted the local estates of the shires at the time. You enter the pub from either the frontage or rear car park into an impressive arrangement of trading rooms including the MAIN LOUNGE (30+ vertical drinkers) furnished with scattered loose furniture, fixed seating, leather sofas, wooden chairs and stripped timber tables set into a large low oak beamed room with roaring open fire set into a brick fireplace.

SNUG BAR with cosy open fire, fixed and loose seating to dark wooden tables. GAMES ROOM is used for POOL. The public areas have assorted country artefacts, deer antlers and coppers. (the total internal legal capacity of the pub is 200). CENTRAL BAR SERVERY has a full range of Real Ale Pumps and trade optics etc. BEER CELLAR is fully chilled and “roll in” on the ground floor. TOILETS are to a good standard. CATERING KITCHEN has a prep room and main kitchen with a full range of commercial units.

OWNERS ACCOMMODATION
Located to the first floor with 3 bedrooms, fitted kitchen, lounge, family bathroom and has its own private entrance.

EXTERNALS
The “jewel in the crown” is the external areas of the business. The front of the pub has a patio suitable for picnic benches. To the rear a large Lawn & fenced garden (200+) with kiddies play items and timber benches with a further patio area with pergola and modern tubular tables and chairs. This provides an “al fresco” lounge during warmer months and is a most popular feature well used by families with the village. Our clients provide a pets pound which is an attractive feature for the younger family visitors.

PREMISES LICENSES
We are advised that the business trades on opening hours of 12 noon till 11pm Mon- Weds then 12 till 12 the rest of the week. The premises license allow for 10am till 12 midnight all week. 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 10 year Landlord & Tenant Act protected lease commencing 2006(Dec) from PUNCH TAVERNS and is FREE of TIE for Wines and Spirits. The business rent is £25,000 + vat (reclaimable) set until 2011. At the end of the lease, the agreement is fully renewable at no further cost and under no less favourable terms and conditions.

SERVICES
We are advised that the pub benefits from mains electric, water, sewage with heating by GAS. Business rates payable are £2,440 pa .

THE BUSINESS
Our clients are assigning the lease purely due to personal family reasons and commitments. Sales are o/t for £260,000 inc vat for this year on a split of 20% Food to 80% Wet sales. With a traditional working arrangement of a couple “hands on” and appropriate trade expenses it would be reasonable to return circa 20% net profits having lived virtually free out of the business. With further focus on the food potential of the business it would not be out of the way to see sales develop up to and beyond £350,00 pa making this a unique opportunity to work and live within a smashing profitable business and popular village locale.

An opportunity waiting to happen – let it be yours and enjoy the spoils of your work enjoying the lifestyle and village life it offers

Ref: G4388L