Business for sale

Business description

An outstandingly pleasing 18th century tavern handsomely located in a commanding main road position within the popular residential urban village of hatton, south derbyshire

Exceptional opportunity to realise the enormous ‘ready made’ dry trade potential utilising the excellent facilities already in place.
This ‘wet only’ flourishing business is offered at a most realistic asking price of £79,000 lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*T/O £250,000+ inc VAT -100% wet due to ill health – £29,000 recon net profits

*Charming Conservatory Restaurant (36), Dining Area (20), Lounge (26 + vertical), Games Room (6+vertical), Entertainment area (8)

*Lovely external areas include Tree laden Beer Garden (36), Front Heated Patio with benches (18), Side patio (6), Parking (30)

*Very Pleasant 4 double bed family accommodation split over 2 floors

*Private patio and separate public French Boules alley

*21 year protected lease, renewable at no further cost.

LOCATION (LL55 2UG)
Hatton is a village in South Derbyshire, England. It is located 4m north of Burton-upon-Trent, 12m west of Derby and 25m east of Stoke-on-Trent. It is about 1m north of Tutbury (with local castle) with the River Dove running between the two villages.

Alton Towers, Ashbourne, East Midlands Airport and the Peak District are all within 20 minutes drive. Hatton has a population of 2500. It is mainly residential but local employers include Nestle who have a major coffee factory in the village. Adjacent to the Tavern is the famous Salt Box Transport café.

The village has excellent transport links. It is close to the A50 road which links the M1 and M6. Tutbury and Hatton railway station is on the Nottingham to Crewe line. Services are provided by Central Trains. Local bus services are provided by Arriva who link Hatton with Burton upon Trent and Uttoxeter, and Trent Barton who link with Derby and Burton upon Trent.

PROPERTY DESCRIPTION
Sand brick construction under multi pitched slate & tile roofs, this wonderful property has been tastefully extended over the years to enhance its natural beauty and accommodate the awaiting dry trade.

Splendid conservatory (36) this new extension (oct’06) is embellished by new wooden tables & chairs standing upon the solid oak flooring. Sun blinds professionally fitted.

Dining (20) polished timber topped wrought iron tables, wooden upholstered chairs with bench seating to one end, carpeted flooring.

Lounge (26) exposed beamed ceiling, furnishings as per dining surround the hearty brick faced log & coal burning fire.

Front bar/games area (6+ vertical) same furnishings host the dartboard and games machine.

Entertainment area (8) this slightly elevated area houses the coloured lighting, data projector & screen used for the contemporary live entertainment & big screen sports.

Central bar servery is u-shape constructed of polished timber with a good selection of real ale hand pulls and bright ale pumps. Traditional bar stools sit on the terracotta tiled bar surround.

Ladies, gents & disabled toilets are tiled and furbished to a good standard on the ground floor.

Large catering kitchen hosts a full range of quality professional catering equipment.

Beer cellar is fully equipped and well maintained.

OWNERS ACCOMMODATION
Two leather sofas and solid oak floor set off this excellent, bright & airy first floor lounge. Step down from the lounge in to the large fitted kitchen. Newly fitted bathroom, separate toilet, and 2 d/bedrooms, with a further 2 bedrooms on the second floor. Private courtyard to the rear overlooked by Willow Trees and the babbling brook.

EXTERNALS
Tasteful hanging baskets adorn the exterior walls & fencing generating a warm & friendly atmosphere that is evident throughout the Tavern.
Rear Beer Garden (36) includes 6 wooden benches shaded by trees & overlooking the excellent rockery plantation, adjacent to which is the French Boules Alley.
Lovely fenced front patio (18) with tables, large umbrellas & patio heaters. Single side bench (6) overlooking the car park.
Private Patio with wooden bench (6) and access to storage shed.

PREMISES LICENSES
We are advised that the premises license allows for 10-00 – 24.00 Mon-Thurs, 10.00 – 01.00 Fri – Sun. The business currently trades 12.00 – 23.00 Mon, 10.30 – 23.30 Tues, 10.30 – 24.00 Wed/Thur, Fri – Sun as per licence.
A personal license will be required and our training associates can assist with this for you.

TENURE
The business is held on a 21year assignable lease, commencing 29/4/05, from marstons (wolverhampton & dudley) brewery with a rent payable of £32,000 (includes domestic & insurances) and is fully tied. The lease is fully renewable at its end, with landlord & tenant act protection, at no further cost and under no less favourable terms.

SERVICES
We are advised that business rates payable are circa £3,000 per annum, and the inn benefits from mains electric, water and sewage with Gas central heating.

THE BUSINESS
Our clients have owned the Business since April 2005. Reluctantly due to ill health they have decided to take early retirement.
Even though totally wet trade at present, the Tavern enjoys huge popularity with the local public and business trade which demonstrates the excellent relationship the lessees have with their clientele.

The Tavern provide contemporary entertainment every 2 weeks as well as tribute nights, outdoor barbecues, Big Screen sporting events etc.
With all facilities in place, an enthusiastic new owner could commence dry trade very quickly with immediate positive impact on bottom line profits.
We have draft accounts for y/e March’07 which indicate Sales of £250,000 with recon net profits circa £29,000 after personal and one-off expenses.

There is an option with Marstons Brewery to extend the Restaurant by a further 20+ seats.

This is undoubtedly a huge opportunity for an energetic owner with culinary flare to unleash this potential gold mine.

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

Ref: w4345l