Business for sale

Business description

Traditional highly reputed busy well presented 17th century stone coaching inn located within quintessential popular village of barlow at the gateway to the fantastic derbyshire peak district

This is a well known quality coaching inn offering a potentially high income and desirable home locale offered at a most reasonable price of £99,000 lease assignment to include extensive fixtures and fittings, goodwill plus s.a.v.

*Sales of £519,000 inc vat 30% Dry to 70% Wet + guest lettings – £70,000 + potential disposable profits

*“Vibrant Chatty Villagey” atmosphere, open roaring fires and low exposed oak beams to Lounge & Dining, Booths & Snugs (70+ vertical drinkers)

*Superb garden with outstanding views (250+) – car parks (60+)

*Flexible 3 bed roomed owners accommodation ideal for family with private terrace & access + separate guest letting

*Sitting back from main road within village renowned for “well dressing” festival and a walkers heaven

*21 year protected fully renewable lease with rent set till 2012

LOCATION (S18 7TD)
The popular residential village Of barlow lies to the north west of chesterfield at the gateway to derbyshire peak district and national park with ease of access to the m1 at j29 & j30 with major cities such as derby, nottingham & sheffield within close distance.

The village has well established housing with a glorious backdrop of lush rolling countryside being very popular with walkers and well known for the “well dressing festival” every august.

The inn is located on the b6051 as you enter the village form the south, on hackney lane at its junction with wilkin hill. Barlow is located on a favoured route towards chatsworth house and the peaks with an abundance of outstanding market towns and villages close by such as bakewell, matlock, baslow & buxton providing a year round supply of destination trade and local villagers for the business to draw from. All together an exceptional place to work and live.

PROPERTY DESCRIPTION
The property commands a detached main road position and was constructed in the 17th century of locally quarried stone under pitched tiled roofs with a range of useful out-stables currently only used for storage but which could be added into the business as much needed guest accommodation or even a village shop (subject to p.p’s).

There’s a pleasant hue to the particularly vibrant, chatty atmosphere of the long, narrow, low oak beamed lounge bar & dining area and the snugs & booths sitting off it (70+ vertical drinkers).the trading areas are warningly cheered by a large roaring fireplace set to the lounge end of the inn and furnishings are by way of well kept parameter seating, big cushioned wall-benches and robust chairs to dark timber tables which are ideal for dining from some of which are available for quite large parties.

Alcoves, booths & snugs provide further areas for more intimate dining experiences and those who require cosy relaxed occasions. Bar servery is well positioned to service the full trading floors and has an excellent back bar facility along with real ale hand pumps set into its polished counter top. Bar stools front the bar for locals to chat away the village gossip.

Catering kitchen is fully equipped with commercial units, full s/s extraction and a full range of refrigeration and storage with a separate area for “wet use” and preparation of puddings etc. Beer cellar is to the ground floor and fully chilled. Ladies & gents facilities are located to a passageway leading to the main car park.

OWNERS ACCOMMODATION
Located to the first floor with terrace for private use and access away from the main business comprising of 3 double bedrooms, large comfortable living room cum dining room with splendid country views, fitted kitchen, separate wc & family bathroom with wc & shower.

LETTING ACCOMMODATION
With its own private entrance from the front parking area used for B&B or Weekly letting @ £60 per night comprises of an open plan sitting room with 2 single beds and 1 double bed along with Bathroom with shower & wc. The room is offered with or without breakfast.

EXTERNALS
To the front elevation there is parking for 12 vehicles and an area set aside for picnic benches. Then to the rear a small patio leading to the main car park capable of holding above 50 vehicles and has a gate into the BEER GARDEN (250+) which is Lawn and has timber picnic tables, BBQ, mature trees and shrubs and an amazing panoramic view over the splendours of the inspiring Derbyshire Countryside.

PREMISES LICENSES
We are advised that the business trades on opening hours of 12 midday till 2pm then 6pm till 11pm Monday through Saturday with 12 noon till 11pm all day Sunday. The Premises License allows the sale of alcohol Mon-Sat 11am till 12 midnight and Sunday 12 midday till 11pm.

This provides plenty of scope for further all day trading through the week days. 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 popular 21 year Landlord & Tenant Act protected lease of 21 years commencing 2003 from MARSDENS PUB Co and is fully renewable at its end for a further 21 years at no further cost. Rent is £44,000 + vat (recoverable) and is set until Sept 2012. It is expected that a “bond” of £7,000 is required by the Pub co.

SERVICES
We are advised that the pub benefits from mains electric, water, sewage with heating by GAS. Business rates payable are £6,240 pa .

THE BUSINESS
Our client purchased the lease from a member of their family with the expectations of passing the business down to younger members however disappointingly for our clients this is not to be due to a change of mind by the junior members. Sales for the current year are well on target for £519,000 inc vat on a split of 30% Wet to 70% Dry plus guest lettings.

We have the previous owners accounts which prove similar turnovers and would expect to return above 15% of net sales as a Disposable Net Profit i.e. £70,000+ ( 20% would not be unreasonable due to the sales split of the business).

As with all accounting information the bottom line profits are adjusted to take into consideration individual life styles and accounting practices and bear in mind that the owners and their family live out of the business. With further focus on available opening hours it would be easy to identify further available income to the business.

An opportunity to enjoy this superb business and take it beyond the existing robust trading foundation and provide a robust profitable and enjoyable business and quality home.

Ref: G4381L