Business for sale

Business description

A quintessential truly exceptional traditional 18th century english country village “pub” set in superb countryside surrounds with excellent bottom line profits

Let your heart be stolen by this fine example of a perfect english country pub which offers lifestyle and high returns offered at a realistic asking price of £160,000 partially tied lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*Strong proven sales of £381,000 inc vat purely 100% wet driven – superb disposable net profits circa £80,000

*Cosy snug and warming country bar (70+ vertical drinkers) filled with country bygones which belie its timeless popularity – “a pub as we remember them” –

*A blend of history and opportunity

*Owners two bed roomed “cottagie” accommodation

*Impressive unique “woodlands” beer garden (100+) with open country aspects backing onto village sports fields

*A favoured watering hole enjoying a prosperous village setting

*Favourable Landlord & Tenant Act 3 year renewable rolling lease without major property repair responsibilities and no ties for wines/spirits & minerals

LOCATION (NG16 5HF)
The popular village of lower bagthorpe is just 1 ½ miles from jct 27 of the m1 within a woodlands setting set to the “t” jct of church lane with school road.

The village retains much of its traditional ambiance and community spirit believing the unspoilt character of its setting within one of the most sought after residential locales within nottinghamshire.

This “gem” of a benchmark pub attracts regular custom from the county and adjacent derbyshire along with the many thriving towns and cities of the region including nottingham, derby, sheffield etc. Surrounded by ancient woodlands and open rolling countryside , the village is a popular dormitory location for local professionals who work within the commercial centres but chose the countryside lifestyle to live within “best of both worlds”.

Because of its natural appeal the pub and village attract day trippers and visitors to its doors who are astounded by its warming welcome and unspoilt character

PROPERTY DESCRIPTION
Used as the setting for filming of d.h. Lawrences’ “sons & lovers”, this is a well presented and loved “hostelry” dating back to the 1700’s of local brick under pitched roofs, probably a former “drovers” inn servicing the local farming community sending stock to markets. Unspoilt by time the pub offers a friendly welcome to all whether warming themselves around the open fires enjoying a friendly game of dominoes or gossiping in the snug with lively debate or just a quiet chat.

The through bar (70+ vertical drinkers) is a myriad of authentic bric a brac and artefacts many directly reflecting the timeless living of the pub and the village. Exposed beams, open brick and beam fireplaces, cosy inset snugs, “a pub piano”, domino floor tiles, light oak panelled walls, jugs & brass, horseshoes and hidden “nooks & crannies”, a true masterpiece of retained tradition within a truly inspiring setting.

Furnishings are simple with an assorted arrangement of tables, chairs and stools including some fixed seating. Central bar servery set midway to service all areas of the pub and is of timber construction with a polished bar counter top having real ale wickets and bright ale pumps. Ladies & gents are to a good standard. Beer cellar set deep with full refrigeration and thralls for real ale.

OWNERS ACCOMMODATION
A flexible arrangement with rooms to the ground floor currently used for storage but could be utilised as a catering kitchen or for private domestic use along with to the 1st floor within a period setting 2 bedrooms, lounge, family bathroom and office.

EXTERNALS
This is an impressive mature feature of the pub and can hold in excess of 100 people within a most exceptional lawn pub garden. There are timber benches, woodland play equipment, patio with large umbrella suitable for smoking customers, and glorious country views.

The garden backs onto the village playing fields which is the home of the village football club. To the front of the pub there is a walled area upon which is set picnic benches providing a popular feature for drinking outside the pub over looking the mature copse woodlands. Car parking is to the side of the property for 20 vehicles.

PREMISES LICENSES
We are advised that the business trades from 12noon till 11pm all week with 12 midnight Friday & Saturday. The Premises License allows for opening 12-12 all week. 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 a leasehold assignment of an exceptional lease from TRUST INNS. The term is based on a 3 year period which is fully protected under the Landlord & Tenant Act and renewed ever 3 years for a further 3 year period anon at no further cost or premium.

The business lease is free from major repair responsibilities and the lessee has to repair internal items such as glass and sanitary ware only. There are NO TIES for wines, spirits or minerals. Business rent is set at a well affordable £30,000 pa until March 2009.

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

THE BUSINESS
Our clients have operated the business for approx 4 ½ years enjoying an exceptional lifestyle and strong bottom line disposable profit. We have been instructed to offer the business for assignment to allow our clients to move onto new non related ventures.

The most up to date P/L’s show sales of £381,000 inc vat -100% wet sales. No machines and no food! Recon Net Profits of circa £80,000 are available ( £1538 per week having lived “free”) making this a unique business opportunity by way of its nature and trading style with a high return on investment and effort applied to run the business.

It would be easy to identify that there is an enormous food business to be developed from this pub if so desired and would suggest that the lunch time session could be considered for this venture which will only add to the phenomenal success of this business.

What a smashing and exceptional business opportunity this is and should be viewed at the earliest time to appreciate its full potential and delightful nature.

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