Busy Village Inn On Outskirts Of The Cathedral City Of Lincoln For Sale

Business description

A MOST DELIGHTFUL AND BUSY VILLAGE INN SITUATED ON THE OUTSKIRTS OF THE HIGHLY SOUGHT AFTER CATHEDRAL CITY OF LINCOLN, LINCOLNSHIRE




An impressive and substantial village inn situated on the outskirts of the Cathedral City of Lincoln.
Traditional Lounge Bar (50+), Characterful Public Bar (60), Function Room (circa 80+).
Fully equipped Commercial Catering Kitchen.
Impressive 4 bedroom owner's accommodation.
3 + 3 years rolling remaining on renewable Scottish and Newcastle Pub Enterprises lease.
Current sales circa £350,000 (incl. VAT).
100% wet. Massive potential with a fully equipped trade kitchen.ideal first time buyer’s business opportunity.


AN EXCELLENT OPPORTUNITY TO PURCHASE THIS WELL ESTABLISHED BUSINESS AND HOME WITH ENORMOUS POTENTIAL AND A WONDERFUL QUALITY OF LIFE.


ASKING PRICE £85,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This delightful village inn is located approximately 2 miles south west of the Cathedral City of Lincoln, twixt Birchwood and Boultham and is well serviced by local schools, shops and amenities and can be easily reached from the A46/B1378 approaching Lincoln.

This delightful and popular location is a desirable area for families and has many facilities including schools, medical centres and amenities and is a 'honey pot' area for residential housing. This charming and characterful inn is well used and a popular venue for local and commercial trade and also experiencing good levels of repeat trade from visitors coming from afar. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This substantial village inn is an attractive and impressive 2-storey detached property of brick construction under a pitched, tiled roof occupying a superb prominent position.



There are 2 main entrances at the front leading into the Public Bar and Lounge Bar.

Lounge Bar (circa 50+) is a good sized traditional room having a feature return bar servery with a polished counter and a matching back fitting with a range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with loose polished tables and upholstered chairs. Access to the W.C's.

Public Bar (circa 60) is a good sized bright and airy atmospheric room with a central feature return bar servery with a solid polished counter having a matching back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with loose polished tables, polished poseur and upholstered stools. There is also a darts throw, a pool table with lighting over, a TV, a digital juke box, an AWP and a games machine. Access to the W.C's and Function Room.



Function Room (circa 80+) is a good sized delightful room having a return bar servery with a polished counter and a matching back fitting with a range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with loose polished tables and upholstered chairs. There is also a raised stage are at one end and disco equipment. Access to the Beer Garden.

Ladies and Gents W.C's x 2 sets.

Lower Ground Floor Cellar with dray drop, pumps, barrel thrall, pythons x3 and cooler.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Freezer Room, Staff W.C and Store Room.

OWNER'S ACCOMMODATION

Situated on the 1st floor and briefly comprises: 4 good sized bedrooms, good sized lounge, kitchen and bathroom.

EXTERNAL

Patron's car parking facilities with lined spaces for circa 35 cars. There is an enclosed Beer Garden with timber benches/seating and a children’s play area. There is also a covered Designated Smoking Area.

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 - 11.00am - Midnight

Fri and Sat - 11.00am - 01.00am

Sunday - Midday - Midnight

The current trading hours are as follows:

Mon - Sat - Midday - 11.00pm

Sunday - Midday - 10.30pm

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 REMARKS

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 3 + 3 years rolling remaining of the original Scottish and Newcastle Pub Enterprises 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 £50,000 per annum reviewed in 2011.

THE BUSINESS

Our vendor clients, in situ for the past 2 years have operated this superb community inn as a husband and wife team on a full time 'hands-off' and a part time 'hands-on' basis respectively with the assistance of 1 full time and 3 part time members of staff. After many years in the trade our vendor clients, due to ill health and personal family circumstances have decided to retire from the trade to take life at a more leisurely pace; hence the instructions to sell this superb business. This charming inn is a successful and profitable business with the current owners having established a solid trading foundation yet still offers new enthusiastic owner operators plenty of scope to increase upon the sales by simply introducing food, taking the business to even greater heights. Current sales are circa £350,000 (incl. VAT). Trade is currently derived from 100% wet sales. This superb inn is a growing operation and our vendor clients have established an excellent reputation which can be fully emulated by new enthusiastic full time owner operators. The asking price reflects the location and quality of fixtures and fittings.

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

Property information

Property:

Leasehold