19th Century Village Inn In Ridgeway North East Derbyshire For Sale

Business description

A WONDERFUL OPPORTUNITY TO ACQUIRE THIS WET LED 19TH CENTURY VILLAGE INN SITUATED IN THE NORTH EAST DERBYSHIRE LOCATION OF RIDGEWAY




Prominent and attractive property in the desirable North East Derbyshire village of Ridgeway.
Traditional Lounge Bar (circa 50), Atmospheric Public Bar (circa 60).
Excellent 2 bedroom owner's accommodation.
Well equipped Commercial Catering Kitchen.
80% wet and 20% food.
Long Lease - 14 and a half years remaining on renewable Punch Taverns lease (partial tie). Rent ONLY £21,500 p.a.
Sales for Y/E December 06 circa £171,000 (incl.).
Trading on dramatically reduced hours.
Busy village inn with a growing reputation with an already well established solid trading foundation.


A WELL ESTABLISHED 1ST CLASS BUSINESS AND HOME WITH MASSIVE POTENTIAL TO INCREASE THE TRADE.


ASKING PRICE £55,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This delightful village inn is situated in the beautiful county of North East Derbyshire. Being located in the heart of the village of Ridgeway this wonderful inn can be easily reached from junction 30 of the M1 motorway. Available for the first time in 15 years this superb inn is approximately 5 miles South East of Sheffield and strategically positioned for easy access to the M18, A1 and M62 to Manchester, Doncaster and the North and South of the country via the M1. Sheffield being the fourth largest city in England is situated on the doorstep of the Peak District National Park, which attracts many visitors coming from afar to this beautiful locale. There are abbeys, castles and many interesting attractions including being home to the world renowned snooker venue of the Crucible Theatre and also the immense Meadowhall shopping centre attracting 30 million visitors a year.

This charming and characterful inn is well used and has an excellent level of repeat trade. Situated in this sought after location and is well serviced by local schools, shops and amenities.

THE PROPERTY

This substantial inn, believed to date back to circa 1813 is an impressive detached 2-storey property of stone construction under a pitched, tiled roof occupying a superb main road position.



Main entrance from the car park leading into the Lounge Bar and the Public Bar.

Lounge Bar (circa 50) is a good sized warm and traditional room with a return bar servery and a polished counter with a matching back fitting having a range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with a mix of loose polished tables and upholstered chairs. There is also a delightful feature fireplace with an inset coal effect gas fire, exposed beamed ceiling and walls. Access to the W.C's and Public Bar.

Public Bar (circa 60) again is a good sized atmospheric room with a central return bar servery and polished counter with a back fitting having a range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating and loose polished tables and upholstered chairs. There is also a darts throw and a TV.



Ladies and Gents W.C's.

Lower Ground Floor Cellar with dray drop, pumps, python and cooler.

Catering facilities include a well equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

OWNER'S ACCOMMODATION

Situated on the 1st floor and briefly comprises: 2 bedrooms, lounge, kitchen and bathroom.

EXTERNAL

Beer garden at the rear with timber benches/seating and a children's play area. There is also a private driveway for several cars. Patron's car parking facilities for circa 34 cars.

TRADING AND LICENSING

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

Mon - Thurs - 11.30am - Midnight

Fri - Sun - 11.30am - 01.00am

The current trading hours are as follows:

Mon - Thurs - Midday - 2.00pm and 5.00pm - 11.00pm

Fri - Midday - 2.00pm and 5.00pm - Midnight

Sat - 7.30pm - Midnight

Sun - 11.30am - 4.00pm and 7.30pm - 11.30pm

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. 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 REMARK

We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested).

The business is offered for sale as a lease assignment with approximately 14 and a half years remaining of the original Punch Taverns full repairing and insuring, renewable agreement. 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.

Rent is currently £21,500 per annum reviewed in January 2012.

Business rates payable are to be advised.

THE BUSINESS

Our vendor clients, in situ for the past 15 years have successfully operated this popular and well established inn as a husband and wife team on a full time basis with the assistance of 3 part time members of staff. After approximately 31 years in the trade our vendor clients have decided to retire from the trade and take life at a more leisurely pace, hence the instructions to sell this superb business.

This well established inn is a successful business with declared sales for year end December 2006 circa £171,000 (incl.). The current owners have established a solid trading foundation yet still offers new enthusiastic owner operators plenty of scope to increase upon the sales, especially by increasing the trading hours and also expanding the food side of the business, taking it to greater heights and would expect new fully focussed enthusiastic full time owner operators to achieve a turnover in excess of £225,000. Trade is currently derived from 80% wet sales and 20% food sales.

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

Property information

Property:

Leasehold