Business for sale

Business description

An outstanding flower covered and well cared for 18th century village inn located in the conservation village of queniborough within 7 miles of leicester.

One of only two local public houses, this wonderful village inn has enjoyed a long standing lessee now wishing to retire. This thriving business centres around regular local clientele and is now offered at a most realistic asking price of £89,000 lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*Sales of almost £300k Inc VAT y/e May’07 – split 75% Wet, 25% Dry – circa £30,000 recon net profits

*Retained historic atmosphere within beamed Lounge Bar & Dining Area (46), Rear Servery & Games Room (20)

*Indoor skittle Alley, converts to private meeting room (14+)

*Lovely rear beer garden (12) with partitioned water feature, huge car park and grassed area for functions.

*Well appointed 2 double bed roomed owners accommodation

*10 year protected lease from March’06, renewable at no further cost, Partially Tied

LOCATION (LE7 3DJ)
Based in the Heart of England, Queniborough is a pleasing conservation village with visible links back to the Civil war period, the village being 7 miles northeast of Leicester on the Melton Mowbray road.

Over the years many Saxon items, broken tools and jewellery have been unearthed by local farmers. The village name has changed its spelling many times from ‘cuinburg’, in the Domesday Book, to Queeniborough and finally to Queniborough.

The main street in Queniborough retains the appearance of a country village and has many fine buildings. St Mary’s church is a fine gothic structure with a 13th C. tower and a 162ft spire, containing 6 bells, 4 of which date back to 1619. The church also has a beautiful locally carved wooden screen and a pulpit made from old oak church pews.

Other local attractions include National Space Centre (5 miles), Gorse Hill City Farm (6 miles) and Leicester Racecourse (7 miles).
The major towns Loughborough (6 miles) and Melton Mowbray (10 miles) are within easy reach.

PROPERTY DESCRIPTION
This picturesque 18th century property is set unopposed and detached at the heart of this quintessential village and has been well maintained and developed by the existing lessee.

The property is of sand brick & rendered construction under a large pitched slate roof.

Lounge bar/ dining area (46) retains the historic atmosphere with hanging brasses, beamed ceiling and world war ii aircraft memorabilia decorating the walls. The contemporary wooden tables & chairs set on the nicely carpeted floor provide an excellent location for diners.

Rear servery & games room (20) wooden tables & chairs together with bench seating surround the tile faced fireplace with the darts & pool table set to one end upon the terracotta tiled flooring.

A small internal conservatory area (4) surrounded by plants provides a hidey hole from the busy bar areas.

The skittle alley is located in a separate building which also houses chairs and tables that are used for private meetings/dining (14+).

Central bar servery has a full range of real ale wickets and bright ale taps. Toilets are tiled and furbished to a good standard and accessed from a rear passageway. Beer cellar is deep set with good access. Catering kitchen is fully equipped with professional units providing 40+ covers daily.

OWNERS ACCOMMODATION
All furbished to a good standard – comprising 2 double bedrooms, kitchen, family bathroom, separate toilet and Lounge with 2 white leather sofas surrounding the copper canopied fireplace.

An office is located to the ground floor.

EXTERNALS
As you approach the property you will realise the amount of time & dedication that has gone into making this Inn so welcoming and friendly.

The excellent floral beer garden to the rear of the Inn overlooks the fenced pond with decorative arrangements providing the ideal setting to unwind.

There is small table & chairs set on the frontage amongst the plethora of hanging baskets that adorn the building.

To the side/rear is a large parking area (45) with a grassed area hosting wooden benches and providing an ideal setting for outdoor functions e.g. Car/Bike shows. The area also contains storage sheds and a large garage.

There is a small covered outdoor smoking area and a rear cold storage shed.

PREMISES LICENSES
We are advised that, the premises license allows for 11.00 – 23.00 Mon-Wed, 11.00 – 24.00 Thurs – Sat, 12.00 – 23.30 Sun. and the business currently trades 12.00 – 14.30, 17.30 – Close Mon – Fri, 11.00 – 24.00 Thurs-Sat, 12.00 – 23.30 Sun.

A personal license will be required and our training associates can assist with this for you.

TENURE
The business is held on a 10 year assignable lease, commencing march’06, from punch taverns with a rent payable of £45,000 and is partially tied with free of tie for wines, spirits and minerals. 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 £8,856 per annum and the inn benefits from mains electric, gas, water and sewage.

THE BUSINESS
Our clients have owned and nurtured the Business since March’96 (14 years) and have always been in the pub trade. They would be very willing to assist the new lessee to integrate well with the community as the Inn has a very strong reputation for being the ‘locals’ inn.

The Inn also has an excellent reputation for food with clients regularly travelling from as far as Nottingham and Derby. An opportunity exists to possibly convert the skittle alley to additional dining to cope with peak demands.

We have the last 3 year accounts. Our clients are consistently experiencing sales £260 – £300k inc. vat, on a split of 75% Wet to 25% Dry with a Recon Net Profit circa £30k. New owners could easily expect to grow sales to above £350,000 pa and with focus on expenses and margin achieve £60,000 net Profits.

This is a fantastic opportunity to maintain and develop the true potential of a wonderful place to live & work.

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

Ref: w4344l