17th Century Freehouse Located InThe Town Of Wigan For Sale

Business description

REFURBISHED 17TH CENTURY FREEHOUSE LOCATED WITHIN THE HISTORIC TOWN OF WIGAN IN LANCASHIRE




Completely refurbished listed freehouse situated near town centre.
Attractive Lounge (30), Bar Lounge with live music area, 2 Snugs with feature fireplaces.
Substantial 5 Bedroom owners' accom - previous planning permission (now lapsed) for 7 letting bedrooms.
Large patio/beer garden with external bar servery.
Turnover circa £343,000 (incl. VAT) year end August 2006.
Trade is 100% wet - massive scope for catering orientated operators.
18 years remaining on private 'Free of Tie' lease.


A WELL ESTABLISHED BUSINESS OFFERING EXCELLENT PROFITS WITH RARE PRIVATE 'FREE OF TIE' LEASE.


ASKING PRICE £95,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This delightful inn is situated in the Borough of Wigan. Situated midway between Manchester and Liverpool, Wigan has a vibrant collection of fantastic amenities including great shopping facilities, tranquil countryside and lakes, and award-winning attractions. Over 2,000 years ago, Celtic warriors settled in Wigan, later the Romans built a fort there and in 1450 the first coal pit was begun and Wigan became a major coal producing town. Wigan has since developed into a modern town with many attractions which reflect the history and heritage of the area including Wigan Pier - situated on the banks of the Leeds-Liverpool Canal; it is one of the north west’s favourite visitor attractions which includes 'The Way We Were' Museum, as well as the world's largest working mill steam engine. Other local attractions include Haigh Hall and Country Park, the Wigan History Shop and Astley Green Colliery. Two thirds of the borough is made up of pretty and popular countryside, waterways and wetlands including Pennington Flash and Worthington Lakes. There is an abundance of sporting attractions including the JJB Stadium, Three Sisters Motor Racing Circuit and Haydock Park Horse Racing.

The Inn is located on Standishgate in the Northern Quarter of Wigan close to Junction 26 of the M6.

THE PROPERTY

This substantial grade II listed inn is an attractive and impressive 3-storey property. The property has been refurbished throughout.

The open plan ground floor is split into 4 areas as follows:



The Lounge Bar (circa 20 plus standing) has a wooden floor, dark wood tables, leather sofas and chairs, and an area for a live band.

The adjoining Snug (20) is a cosy room with an open cast iron feature fireplace.

The Lounge (circa 30 covers) has a warm and relaxing atmosphere with access to the central polished wood bar servery. The room features an attractive fireplace, 2 gaming machines, loose tables, chairs and stools and would make a very desirable dining area.



The second Snug (circa 12) has wooden flooring, a feature fireplace, wall-mounted television, fixed upholstered perimeter seating, loose tables and stools.

Ladies and Gents W.C.s.

There is a catering Kitchen (appliances not tested) which is not currently used.

There is a lower ground cellar and a bottle store.

OWNER'S ACCOMMODATION

Situated on the 1st and 2nd floors and briefly comprises:-

1st floor: Large open plan kitchen/dining area, lounge, 2 large double bedrooms, dining room and family bathroom.

2nd floor: 3 double bedrooms, living room, family bathroom, kitchen / dining area. The 2nd floor is not currently used and requires some renovation.

We are advised that there has previously been planning permission (now lapsed) for 7 ensuite letting rooms.

EXTERNAL

There is a large patio/ beer garden to the rear of the building with an external bar servery. There is substantial on-road parking.

TRADING AND LICENSING

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun-Thurs 11am to midnight

Fri-Sat 11am to 1am

Current opening hours are:

Mon-Thurs 4pm to midnight

Fri-Sat 12noon to 1am

Sunday 12noon to 12 midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 18 years remaining of the original Admiral Taverns FREE OF TIE repairing and insuring renewable agreement.

We are informed that the rent is currently £30,000 per annum linked to RPI but with no rent reviews.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord and Tenant Act 1954. We are advised that the inn benefits from full mains services (no services seen or tested). Business rates are advised as currently being £6,652 per annum.

THE BUSINESS

The current owner purchased the business in 2003 when it was closed and not trading. They have totally refurbished the premises and have built a successful business with a loyal and desirable 'wet-trade'. Their aim is to be a true free house catering for discerning beer drinkers of all ages. The inn has been home to the Mayflower Brewery and has up to ten real ales a week as well as traditional ciders, and imported beers and lagers on draft (brewery not included in sale). We do feel that whilst this business is successful in its present form, further scope exists for new enthusiastic hands-on owner operators to increase turnover/profits, especially by increasing the opening hours and exploiting the obvious food potential. Accounts for year end August 2006 show takings in the region of £343,050 (incl.VAT) - 100% wet sales. Annual reconstituted net profits (i.e. after adding back finance charges, interest and depreciation) are circa £42,000.

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

Property information

Property:

Leasehold

Contact the seller