A Traditional Community Local For Sale

Business description

A TRADITIONAL COMMUNITY LOCAL SITUATED IN THE POPULAR NORTH YORKSHIRE TOWN OF TADCASTER CLOSE TO THE HISTORIC CITY OF YORK




Attractive property situated in a smart residential area.
Attractive Lounge Bar with comfortable furnishings seating 50 persons.
Tap room traditionally furnished seating a further 20 persons.
Large outside areas with Beer Garden and children's play area.
Spacious 3 bedroomed owners accommodation.
Large Kitchen, suitable for catering use.
Turnover y/e May 2007 circa £198,821 inc. VAT split 95% wet 5% food.
Assignment of a 30 year Enterprise lease with 18 years remaining, partial tie - free of tie for wines, spirits, soft drinks and AWP.


AN EXCELLENT OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED AND SUCCESSFUL BUSINESS.


ASKING PRICE £69,950 LEASEHOLD TO INCLUDE FIXTURES, FITTINGS AND GOODWILL EXCLUDING S.A.V.


LOCATION
This Traditional community local is situated in a pleasant residential area within easy walking distance of the town centre of Tadcaster. The town itself is well known for its connections with the brewing industry still of major importance today with the brewing companies of John Smiths (S and N) and Samuel Smiths still being the major employers in the town. The historic city of York is only 6 miles away with Leeds and Harrogate within a 30 minute drive. The town has a year round tourist interest especially among the real ale fraternity. The pub itself being the York Camera Pub of the season - Autumn 2007.

THE PROPERTY

This impressive building was purpose built in 1966, and is the last public house to be built in the town. The Main Lounge Bar is of a good size with beamed ceiling, exposed stone walls and traditionally furnished with seating for 50 persons. It is light and airy which contributes to a warm and welcoming ambience. To the side is the Tap Room, again traditionally furnished with seating for a further 20 persons. Both bars are served by a Central Bar Servery fully equipped for the provision of both cask and keg beers. The bar benefits from a good sized Ground Floor Cellar. There is a Large Kitchen suitable for catering use although not fitted with industrial units (appliances not tested).



Ladies and Gents W.C.'s.

OWNERS ACCOMMODATION

Situated on the first floor of the building and consisting of 3 double bedrooms, lounge and bathroom/toilet.

EXTERNAL

There is a good sized car park for 20 vehicles, a children's play area and a lawned beer garden with seating for approximately 50 persons. To the front is a substantial patio/smoking area with heating and parasols seating a further 40 persons.

TRADING AND LICENSING

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

Monday - Wednesday 10.30am -12mn

Thursday - Saturday 10.30am - 1am

Sunday 12nn - 12mn

The current opening hours are:

Monday - Saturday 11am - permitted finish

Sunday 12nn - 12mn

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 18 years of a 30 years Enterprise lease remaining. The tie is a partial one being free on wines, spirits and soft drinks. The rent is currently advised as being £22,500 with next review due in September 2009. We are advised that at the end of the term the lease should be renewable with no further premium, subject to the Landlord and Tenant Act 1954. The premises benefit from the provision of all mains services (none tested). Business rates payable are currently advised as being £5,606 p.a.



THE BUSINESS

Our vendor clients acquired the business 9 years ago and since that time have worked extremely hard to transform the business into the solid trading foundation now in place. The business benefits from a strong local trade throughout the year having darts and dominoes team, angling and golf sections, charity football teams and is patronised by numerous other sporting and historical societies. It really is a 'local' in every sense of the word.

Trading figures to May 2007 showed takings of £198,821 (inc VAT) with a trade split of 95% wet and 5% food, although food is shown, this is traded at an absolute minimum and is not advertised or promoted. There is no doubt that new and enthusiastic owners, with a willingness to provide food will be able to introduce new food ideas and greatly improve the turnover and profits.

The asking price reflects the location, the solid business foundation and the quality of fixtures and fittings.

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

Property information

Property:

Leasehold