Business for sale

Business description

Well balanced & well known favoured locals pub with popular dining located on “a” road close to m18 & rotherham

This is a well known pub waiting for someone to take it to its next step offered at a realistic asking price of £135,000 lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*Currently trading at £419,479 -70% Wet to 30% Dry – further wet & food potential with substantial profit earning ability

*Central servery to “Tap Room” (100+) – Traditional comfy Lounge & dining room (70+)

*Owners three bed roomed accommodation

*Smashing large garden (150) – parking (50) on 2 car parks

*Un-missable frontage to main road in mature residential area with commercial business local

*30 year Partially Tied Landlord & Tenant Act protected lease from “03” renewable at its end for a further 30 years anon at no further cost and no less favourable terms –partially tied

LOCATION (S66 2TS)
Rotherham is at the heart of south yorkshire and close to the m1 & m18 with 4 airports within easy reach along with main line rail stations and of course excellent road networks.

The local economy is thriving with monies being ploughed in from the domestic government and eu funding providing new employment opportunities and a strong infrastructure. From the m18 jct 1, turn onto bawtry road and the pub is to be found a short distance passed the traffic lights slightly set back from the dual carriageway.

PROPERTY DESCRIPTION
This is a well presented large pub probably 300 years old, detached and of weathered stone construction under pitched roofs. Tap room (100+)is a bright bar with polished timber flooring, half panelled walls, loose polished wood tables and chairs, planters fans, and a raised area used for games and entertainment.

Lounge –dining room (70+) is a traditional lounge style area with a softer finish including full carpeting, fixed seating and drapes to its bay windows and further fixed seating along with polished oak tables and chairs ideal for eating.

To one end is a carvery unit used on wednesdays and sundays which without doubt should be extended to a full 7 day usage for which there is an obvious call. Washroom facilities are provided to both trading areas. Catering kitchen is centrally located and has commercial fittings. Beer cellerage is bellow ground and fully refrigerated.

OWNERS ACCOMMODATION
A spacious arrangement located to the first floor and comprises of 3 bedrooms, generous lounge, new fitted kitchen, bathroom with separate wc, office and benefits from a roof terrace and private entrance.

EXTERNALS
A smashing feature of the business is the BEER GARDEN (150) which is lawn with a central feature BBQ area and secured by timber fencing, ideal for family use. There are 2 car parks holding 50 vehicles. A separate yard is used for refuse etc.

PREMISES LICENSES
We are advised that the business trades on opening hours of 12 mid day till 11pm Mon-Weds with Thurs 11.30pm Fri & Sat 12 midnight and Sun 11pm. The Premises licence allows for Mon-Thurs 10.30am till 11.30pm then Fri & Sat 12.30am and Sun 11pm.

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 30 year landlord and tenant act protected (fully renewable at no further cost for another 30 year period “anon” at its end under no less favourable terms) From enterprise inns. The fully assignable lease runs from 2003 and has a current business rent of £27,500 pa. The business is partially tied with the ability to purchase wines/spirits & minerals from any source.

SERVICES
We are advised that the pub benefits from mains electric, water, gas, sewage with heating by Gas. Business rates payable are £10,000pa.

THE BUSINESS
Our client has purchased a further Enterprise Lease in the Chesterfield area and due to family pressure have to sell on this business. Sales are a robust £419,479 inc vat p.a. on a split of 70% Wet to 30% Dry.

The business is currently being run under management and it would be reasonable to expect projected sales up to £500,000 are well within the capable range of this well positioned business. The earning potential of this operation is 1st class and would expect a new “hands on” owner to deliver a profit of above £75,000 on existing trading levels and up to a six figure disposable profit on projections. The site is there as is the sound business foundation to build upon.

This is a business opportuity not to be missed and one that will undoubtedly grow and should be viewed at the earliest time to appreciate its full potential

Ref: G4305L