Business for sale

Business description

A smashing friendly well presented 18th century locals pub overlooking village park adjacent river trent nestling into an affluent residential locale close to nottingham & southwell

This is a most special pub with obvious opportunities of further growth offered at a realistic asking price of £75,000 lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*Strong Trading foundation to build on of £283,378 inc vat – 85% Wet to 15% Dry with unbridled opportunity to develop food trade – £71,000 Net Profit

*Character beamed trading areas Lounge bar(36+ vertical drinkers) locals bar(36+) games(10+) dining area(24)

*Owners three bed roomed accommodation

*Delightful beer garden (100+) + patio (20+) – riverside walks

*Sought after village with quality housing – ideal family location

*10 year Landlord & Tenant Act protected lease from “04” renewable at its end for a further 10 years anon at no further cost and no less favourable terms

LOCATION (NG14 5DN)
The much sought after village of burton joyce lies within the trent valley close to sherwood forest & the vale of belvoir on the a612 just outside the city of nottingham travelling towards the minster town of southwell.

Both nottingham & southwell racecourses are within easy access and provides a regular drop in trade on race days.

The village and immediate area has become one of the most sought after residential locales within the east midlands to live and attracts wealthy professional families with excellent village amenities such as good schooling, well kept local parks, traditional village shopping and medical centre.

There is a regular bus service into the city along with its own village rail station. Newark and its main line connection to london is close by making it ideal for city commuters who wish to reside within a vibrant village providing an excellent client base for the business to develop.

The pub is to be found on chestnut grove just past the village church of st helens and the family play park opposite a new high quality residential grove and backing onto the river trent with smashing riverside and country walks which provides rambler and fishermen trade to the business.

PROPERTY DESCRIPTION
A well presented and loved 18th century pub of brick construction under pitched tiled roofs and commands a large detached plot to the end of a close leading over a rail line to the river trent with outstanding views and popular walks. Once known as the ship inn it is believed to have changed its name in honour of one of england’s most famous sailors around the time of the battle of trafalgar.

Internally there are many artefacts of seafaring interest and indeed old ships beams abound the trading areas. Lounge bar (36+ vertical drinkers) from side door with fitted carpet and hard surface area to bar servery with real ale wickets and bright beer raising pumps and high stools to its front.

Following through to a more relaxed lounge area which leads out into the garden area. The room has large light bearing windows, robust polished dark wood loose furniture and follow through patterned carpeting and is well suited for informal dining. Dining area with loose box separators and matching furniture to lounge and is generally used for more formal dining such as sunday lunches.

Public bar (36+) has a carpeted floor with hard surface curtain area in front of the bar servery and leads into a well lit games room with pool table. Ladies, gents & disabled toilets are provided. Beer cellar is conveniently located to the ground floor and is chilled having real ale stillages. Catering

Kitchen is well equipped with commercial units and has full extraction installed.

OWNERS ACCOMMODATION
Located to the first storey and comprises of THREE DOUBLE BEDROOMS, Lounge, Kitchen Diner, Family bathroom and office area.

EXTERNALS
One of the many “gems within its crown” is the PATIO set to the front/side of the pub with picnic benches and convenient views over the park to keep an eye on the family children. Then to the rear a most delightful welcoming beer Garden and children’s play area with access from the lounge bar (plenty of smoking options) again with picnic benches, this leads then towards the river side walks. Parking is provided for above 40 vehicles and can manage coaches.

PREMISES LICENSES
We are advised that the business trades on opening hours of Mon & Tues 5pm till 11pm (closed lunch times and no food offered either session) ,Weds & Thurs 12 till 3pm the 5pm till 11pm with Fri & Sat 12noon till 12 midnight. Sunday 12 midday till 10.30pm. The Premises License allows for Mon through Thurs 10am till 11pm (7am opening for Fishermen’s breakfasts), Fri & Sat 10am till 1am then Sunday 10am till 10.30pm. 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
We are instructed to offer the property and business for sale as a leasehold assignment of a 10 year landlord and tenant act protected (fully renewable at no further cost for another 10 year period “anon” at its end under no less favourable terms) from Enterprise inns. The fully assignable lease runs from 2004 (July) and has a current business rent of £31,500 pa.

SERVICES
We are advised that the pub benefits from mains electric, water, gas, sewage with heating by Gas. Business rates payable are £6,580 pa.

THE BUSINESS
Our client wishes to assign the lease after trading successfully since moving in during the summer of 2004 and building up a vibrant regular trade from within the village and further away. The business has “outgrown” their personal circumstances and has become more busy than they are really comfortable with.

Sales to 31st October 2006 show £283,378 inc vat on a split of 15% Dry to 85% Wet returning a 58%GP which cascades down to a recon net profit of £71,868 (after adding back personal expenses or one off non recurring payments).

Taking into consideration the self imposed restricted trading hours of the business and potential market it sits within it would be easy to see sales grow to over £400,000 with a focused energetic new owner.

This is a business opportunity that will undoubtedly grow and should be viewed at the earlest time to appreciate its full potential

Ref: G4290L