A Most Attractive Food Tavern For Sale

Business description

A MOST ATTRACTIVE FOOD TAVERN WITH OUDLES OF RUSTIC CHARM AND SPECTACULAR VIEWS OVER THE SUROUNDING COUNTRYSIDE, IN THE VILLAGE OF UPPER HOPTEN NEAR MIRFIELD.


• Turnover for the year ended 2008 £570,000 Inc V.A.T on a split of 40% Wet, 60% Dry with calculated net operating profits available of £97,000.
• Run as a semi retirement business.
• Local’s bar (36) restaurant carvery (14) upper restaurant (30) dining room (32) with excellent catering kitchen.
• Large beer garden seating 72 + standing with the most beautiful views over the surrounding dale.- car parking (40)


• Owner’s accommodation comprising of 3 bedrooms a bathroom and sitting room with private entrance.
• 10-year fully renewable partially tied lease, landlord and tenant protected.

A FABULOUS BUSINESS WITH GROWING TRADE IN THE MOST PICTURESQUE LOCATION, WITHIN MINUTES OF A HUGE POPULATION OF WEST YORKSHIRE. TO BE OFFERED FOR SALE BY WAY OF A LEASEHOLD ASSIGNMENT AT £165,000 TO INCLUDE FIXTURE AND FITTINGS, GOODWILL PLUS S.A.V.




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LOCATION (WF14 8EJ)


Situated in the hills overlooking Mirfield, Dewsbury and the surrounding countryside. In the most stunning location with breathtaking views. If ‘Location’ is everything then this pub has it all over three million people within a half hour drive time, a village recognized in the region as being extremely affluent, no wonder the trade is growing so well following the refurbishment some three years ago. This location also offers a family the opportunity to benefit from famous local grammar schools and a number of private schools in the immediate area.


PROPERTY DESCRIPTION

Built from locally quarried sand stone under a stone lab roof the building has the look of a dales farmhouse, nestled into the hillside. There are four trading areas being the cosy LOCALS BAR (36) with open fire, the DINING ROOM (32) with bar servery, the CARVERY ROOM (14) with purpose built double carverey unit adjacent to the main entrance. The UPPER LEVEL RESTAURANT (30). The local’s bar and the restaurant entrance are separate although linked with joint access to the ladies and gents W.C.’s. The cellar is located immediately behind the Bar and accessed from the car park, whilst the catering kitchen is situated to the rear of the dining room and bar, it is fully equipped and is in excellent repair. There are further storage rooms to the rear and a garage with freezers and dry goods store. The décor throughout is very up to date in both style and repair and the whole environment is relaxed but smart, most condusive for a short drive out for any occasion.


OWNERS ACCOMMODATION

The owner’s accommodation comprises of two double and one single bedroom, a kitchen, bathroom and sitting room all in good condition.


EXTERNALS

The property sits centrally in a good size site with CAR APRK (40) cars to the rear and also a small disabled car park to the front for two cars. Immediately to the front of the building is a fenced hard standing area with seating for 72 people making the most of the views. There is also a newly planted grassed area, which will come into use mid summer 2008. The planters hanging baskets and tubs are spectacular and have been recognised for many awards over the last three years.

PREMISES LICENSES

The premises benefit from licensing hours from Monday, Tuesday 11am until 12 midnight, Wednesday to Thursday 11am until 1 am and Friday and Saturday 11am trough to 2am. The actual hour are Monday to Friday 12 noon until 3pm and 5.30 pm until 11.30 pm and all day Saturday and Sunday. A personal licence will be required and our training associates would be only too pleased to help in this matter.

TENURE

The business is held on a 10 year Landlord & Tenant Act protected lease and fully renewable (at no further cost) at its end for a further 10 years from Punch Pub Company with a business rent of £47,000 Partially Tied


SERVICES

The property benefits from all the mains services Water, electricity, sewage and gas and the central heating is also gas fired. Rates payable are £TBA

THE BUSINESS

Our clients having retired from a long and highly successful career with Whitbread decided to take on this business as a semi retirement project, completing it’s re development three and a half years ago. Since then the trade has grown by leaps and bounds with turnover on the 2007 accounts showing at £434,210 Inc V.A.T. and in the year just ended 2008 £570,000 inc V.A.T. with calculated available net operating profits of £97,000. The business is centred on the carvery operation and also has a strong locals trade through in the bar. Our clients have staffed up the operation to allow them to take a back seat and can demonstrate to any interested party the extra bottom line profit available through restructuring. It is there intention to retire to a smaller pub near their granddaughter. This business is very well set up and well targeted at the local market it is ideal for any one looking for a good strong base from which to build and turnover of £650,000 is completely achievable.

WITH TURNOVER AND AVAILABLE PROFIT OF THIS MAGNITUDE THIS BUSINESS REPRESENTS EXCELLENT VALUE FOR MONEY.