Busy Village Local At The Heart Of The Popular Village Of Swanwick For Sale

Business description

POPULAR AND BUSY VILLAGE LOCAL AT THE HEART OF THE POPULAR DERBYSHIRE VILLAGE OF SWANWICK




Excellent village location.
Lounge area, carpeted and with beamed ceiling used for dining.
Bar area, carpeted with beamed ceiling and pool room off.
Small Games Room (12) with wooden floor and stylish light wood furniture.
Owners flat with 4 double bedrooms, Office and bathroom/WC on the first floor plus a lounge and domestic kitchen on the ground floor.
Takings of £7,100 per week (incl. VAT) and increasing.
90% wet 10%food with good potential to develop food sales further.
Assignment of an 15 year Punch Lease from September 2006 free of tie for wines, spirits, ciders, soft drinks and alcopops and a rent of £36,000 p.a.
Excellent profit potential.


TERRIFIC EXISTING BUSINESS IN MUCH SOUGHT AFTER VILLAGE LOCATION.


ASKING PRICE £59,950 LEASEHOLD TO INCLUDE FIXTURES, FITTINGS AND GOODWILL EXCLUDING S.A.V.


THE LOCATION
This excellent business is located in the friendly Derbyshire village of Swanwick.

Swanwick has grown dramatically in popularity in recent years, with its excellent location close to the A38 to the north of Derby and with easy access to junction 28 of the M1. This location has encouraged the development of a wide range of housing nearby from affordable starter homes to large detached properties. Local schools are popular in the area and the proximity of Matlock and the wider Derbyshire Peak district adds to the appeal.

The business is located on the main road into the village from the A38, and close to all amenities, and is ideally situated to enjoy more than its fair share of the local and passing trade.

THE PROPERTY

The property has been well maintained and is in good condition throughout.



The front doors open into the Bar Area, carpeted and with traditional beamed ceiling and timbered black and white walls. This is separated from the lounge area by a see through fireplace, no longer used. The Lounge area shares the same furnishings and décor as the bar. The well equipped bar servery caters for both areas.

Off the bar is a Pool Area, with a quarry tiled floor and there is also a small Games Room room with 12 covers, with a wooden floor and stylish light wood furniture. A further set of doors leads from the lounge to the large car park.

The Ladies and Gents WC's are in good order and are accessible from both trading areas.



The catering kitchen is well equipped and capable of handling an increase in the food trade (appliances not tested).

There is a ground floor beer cellar, as well as large underground cellars used for further storage.

OWNER'S ACCOMMODATION

On the ground floor is a lounge and a domestic kitchen. This could be used as a separate bed-sit if required. On the first floor are 4 large double bedrooms, a good-sized office, and bathroom/WC.

EXTERNAL

The business benefits from an exceptionally large car park. There is an external paved patio to the rear of the business, together with a lawned beer garden, extremely popular in the warmer weather. An excellent smoking shelter has been constructed in recent months, covered with a decked flooring, with heaters and a sound system installed.

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 during the hours of:

Mon to Thurs 10am to 12 pm

Fri/ Sat 10am to 1am

Sun 11am to 12pm

Current opening hours are:

As above but with an opening time of 11.30am

GENERAL REMARKS

We are instructed to offer this business as a leasehold re-assignment of an 15-year Punch lease from September 2006. This is an extension to the original Bass lease which has benefits over many current leases. There is a tie on beers, and the business is free of tie for wines, ciders, spirits and soft drinks.

We are advised that all mains services are connected, with gas central heating. (no services seen or tested). Business rates are advised as being £13,000 per annum. We are advised that at the end of the term the lease (not seen by Guy Simmonds) will be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. 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.

THE BUSINESS

The business was purchased by the current owners in April 2007. Since then they have increased the takings dramatically from around £5000 per week to over £7000 per week. These figures are based on the six months to September 2007, since when further increases have been achieved. The current trade split is 90% wet and 10% food, with a healthy gross profit of 48.7%. New owners could reasonably expect profits in excess of £40,000 in year 1.

The business operates as a friendly local offering a pleasant convivial atmosphere with value for money food and supported by TV sport, pool, karaoke and live music. This is a successful formula, although new owners could consider changing the operation to a food-led venue, taking advantage of the excellent location and the large car park.

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

Property information

Property:

Leasehold