A Magnificent Food Tavern For Sale

Business description

A MAGNIFICANT FOOD TAVERN IN A PRIME ‘A’ ROAD LOCATION IN ONE OF THE COUNTRIES MOST AFFLUENT AREAS THE VILLAGE OF MARTON NEAR CONGLETON.

> M.A.T. Turnover for 2007 £778,511 Inc V.A.T. with reconstituted net operating profit of £137,818 with excellent growth in this current financial year.
> Bar area (34) snug (20) restaurant (60) garden pergola (30) beer garden (70) with room for a large marquee and spill over car parking in the field.
> Recently refurbished to a very high standard indeed.
> Free of tie lease with barrelage M.A.T. at 225 for the current year.
> Large owners flat with independent access and three bedrooms.
> 13 years remaining of a 20 year fully renewable free of tie lease, landlord and tenant protected.


A FANTASTIC RETURN ON CAPITAL FROM A SUPERB BUSINESS, THIS ‘A’ ROAD POSITIONED LEASE IS OFFERED FOR SALE BY WAY OF A LEASEHOLD ASSIGNMENT AT £235,000 TO INCLUDE EXTENSIVE FIXTURES AND FITTINGS, GOODWILL PLUS s.a.v.

PROPERTY DESCRIPTION
Built from local brick under a slate roof the property sits on a two acre site and the building itself had been added to over the many years since its original construction. On entering the property from the main car park there is a reception area with access to the ladies and gentleman’s w.c.’s which are in excellent order being partly tiled with modern fixtures and fittings. The reception area is welcoming with information and literature for the guests to collect for tourist attractions in the area, such as Asbury Mere Country Park. The MAIN BAR LOUNGE AREA (34) seated is ‘L’ shaped with period furniture and comfortable chairs and other loose seating. Through an arch is the Red Room or SNUG AREA (20) similarly appointed. The RESTAURANT (60) is to the rear of the property and consists of two main areas with windows and French doors looking out onto the gardens that wrap around the building, with lovely features such as the dovecote and mature gardens. There is a small order point and floral display with a glass covered well as an attractive feature. The catering kitchens are adjoining the restaurant and to the rear of the bar they are substantial and well equipped, as one would expect from a business of this magnitude, there is a walk in cold room and good dry storage facilities. The cellar is well fitted out with modern refrigeration and beer raising equipment.


OWNERS ACCOMMODATION
The owners accommodation is substantial with 3 large bedrooms, an office, bathroom, large sitting room and dining kitchen; they are well appointed and would provide excellent family accommodation, there is close circuit television to enable supervision of the external and internal areas.

EXTERNALS
This is a large site circa 2 acres with large well layed out car park (40) spill over car park through a hedged partition (60) a side garden with mature planting and dovecote and overlooked by the restaurant, and a main beer garden with timbered smokers shelter and pagoda seating area (30), a large grassed area with picnic tables (60) and further field which would be ideal for a marquee to provide for weddings and such like. There is a large wood store and several other storage sheds attached to the building.

PREMISES LICENSES
We are advised that the business’s premises license allows trading from 9am until 2am Monday to Saturday and 9am until 12.30am on Sunday. The hours currently being used are Monday no trade Tuesday friday12 noon until 3pm and 5pm until 12 am and Saturday 12pm until 12 am, Sunday 12pm until 12 am. A personal licence will be required and our training associates would be only too pleased to help in this matter.

TENURE
We are instructed to offer the business for sale by way of lease assignment of a 20 year free of tie lease from 2001, fully renewable at no further premium with full Landlord & Tenant Act Protection from Wellington Pub Company at a business rent of £47,633.

SERVICE
We are advised that the pub benefits from mains services with oil central heating throughout. Rates payable are circa £15,842 p.a.

THE BUSINESS
Our clients have worked hard and re invested in this fine business building year on year an excellent reputation, they have kept the offer to a traditional style which is less subject to the vagary’s of the market and produce constantly high margins. There are two flat screens TV’s that provide a good backup fro the locals of which there are a good following. The turnover for the year end 2007 was £778,511 Inc V.A.T. with a reconstituted net operating profit of £137,818. The trade split is wet 40% and Dry 60% with a margin achieved in excess of 65%. The fact the business if free of tie is a huge advantages with M.A.T. currently at 225 barrels this represents a considerable profit opportunity. The rent at £47,633 is 7 % of the net of V.A.T. turnover representing great value. Our clients have a manager thus allowing them to have at least some quality time off. The business it set up in a very professional manner and is a wonderful chance for someone to get hold of a lease that truly represents the best the industry has to offer, there are as well opportunities to develop the trade even further with all day opening, Monday opening and the big opportunity of marquee weddings, with this in mind we believe that a turnover of circa one million pounds is achievable.


THIS IS THE WAY A LEASE SHOULD BE LIKE, STRONG BUSINESS, FABULOUS PROFITS, FREE OF TIE AND A SENSIBLE RENTAL LEVEL