Business for sale

Business description

A most acceptable well presented relaxed easy run popular locals pub located in free spending locale of inkersall close to chesterfield in derbyshire

A really good “pub is the hub” public house offered at an affordable asking price of £59,999 lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*Consistent Trading foundation to build on of £235,000 inc vat – 100% Wet sales – £30,000 potential Net Profit

*Comfortable well furnished Lounge Bar (60+vertical) Tap Room & Games (40+vertical)

*Owners three bed roomed accommodation with private access

*Useful beer garden (100+) + patio (30+) – large car park (40)

*Mixed residential area with mature and new housing – good family location

*20 year Landlord & Tenant Act protected partially tied lease from “95” renewable at its end for a further 20 years anon at no further cost and no less favourable terms

LOCATION (S43 3HA)
The township of INKERSALL is located to the N.E. of CHESTERFIELD just off the A619 (turn right onto Inkersall Green Road and the pub is just up on the left as you enter the green and village centre).

The M1 is close by along with the magnificent DERBYSHIRE DALES and PEAKS with its world famous NATIONAL PARK. Very much a working community with a mixed housing stock of mature properties, those built in the 60/70s and modern new builds providing a balanced community with the “PUB AS THE HUB”.

Very much geared towards families the area is well served by local traditional shops, schools, health centres, post office etc. The pub which holds a large plot is opposite the village green.

PROPERTY DESCRIPTION
Built in 1956 to serve the locally expanding community the pub is on one story , detached and of brick construction holding a large “footprint”. Lounge bar (60+ vertical drinkers) is very well furnished with a quality carpet fitted and kept to a high standard which is a credit to the owners.

Furnishings are by way of covered padded perimeter seating, stools and chairs to polished to polished wooden tables with raised areas with polished brass rails around. Drapes are set to the large light bearing windows and the room is cheerfully decorated with modern colours.

Central bar servery has a tiled apron for durability to its front, polished brass rails and provision for real ales. Tap room with games (40+ vertical drinkers) is again well presented and looked after. Pool – darts & dom’s are played here and the room shares the bar servery.

There is fitted perimeter seating along with loose chairs & stools to tables and windows have quality drapes fitted. Beer cellar is chilled and to the ground floor. Toilets are to a good standard including ladies & gents.

Catering kitchen (currently not used) has commercial equipment fitted and with an addition of a few small pieces will be “ready to go” if the introduction of a food offer is envisaged for which there is an obvious demand including weddings. Parties, casual meals and events.

OWNERS ACCOMMODATION
Located to the ground floor and comprises of 2 double and 1 single bedroom, Lounge, Fitted kitchen, family bathroom and benefits from its own private entrance, garden and patio plus garage.

EXTERNALS
The pub benefits from a large grassed beer garden with access fro the lounge or front (100+) with timber benches. A patio area (30) is set to the front entrance and parking is provided for 40 vehicles.

PREMISES LICENSES
We are advised that the business trades on opening hours of 12 noon till 4pm then 7pm till 12 midnight all week. Premises license allows for M/T/W/T 12 noon till 12 midnight then 12 noon till 1am Friday, 12noon till 2am Saturday and 12noon till 1am Sunday. 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 20 year landlord and tenant act protected (fully renewable at no further cost for another 20 year period “anon” at its end under no less favourable terms) from GRAND MET now ENTERPRISE INNS and is FREE of TIE for wines, spirits & minerals plus all machine income. The fully assignable lease runs from 1995 and has a current business rent of £30,413 pa.

SERVICES
We are advised that the pub benefits from mains electric, water, gas, sewage with heating by Gas. Business rates payable are £6,327pa.

THE BUSINESS
Our client wishes to assign the lease after trading successfully since 1995 and retire due to health reasons. Sales have consistently run to £235,00 pa inc vat with 100% Wet sales.

Our client has not developed the food potential of this business for which we believe to be an extra revenue building opportunity not only for a regular daily menu but for the provision of function catering and the use of a marquee on the garden.

This could easily become a wedding venue for the township. The pub has provided a free living and comfortable lifestyle for our client over a 12 year period and this strong foundation can be built upon to develop a robust new business with a sales potential of in excess of £300,000 for the year if the food opportunity is developed and further focus given to permitted hours and new revenue sources.

This is a business opportuity that must be viewed at the earliest time to appreciate its true potential and will undoubtedly grow to provide a handsome return on effort and investment.

Ref: G4328L