Highly Desirable Inn With Caravan Park For Sale

Business description

HIGHLY DESIRABLE INN WITH CARAVAN PARK IN THE POPULAR DERBYSHIRE PEAK DISTRICT VILLAGE OF BIGGIN NEAR HARTINGTON, CLOSE TO DOVEDALE AND THE MANIFOLD VALLEY




Superb village location.
L-shaped bar/lounge, full of character with beamed ceiling and wood burning stove.
Separate pool room with tiled floor.
Caravan park with 11 permanent caravan pitches plus 12 ad hoc pitches.
Private garage. Ladies and gents' shower block plus external wash up facilities.
Takings £232,521 (incl. VAT) for 25/5/06 to 31/3/07 plus caravan income.
Good profitability with consistent reconstituted profits in excess of £40,000.
Assignment of a 21 year Enterprise lease from 1993, free of tie for wines, spirits and soft drinks with a highly reasonable rent of £16,500, fixed for 5 years.


AN OUTSTANDING BUSINESS IN AN IDYLLIC SETTING.


ASKING PRICE £99,950 LEASEHOLD TO INCLUDE FIXTURES, FITTINGS AND GOODWILL, EXCLUDING S.A.V.


THE LOCATION
This excellent business is located in the highly desirable village of Biggin near Hartington. Biggin is a popular and sought after location in which to live, having ease of access to Ashbourne, Bakewell and Buxton and further afield to Derby and Sheffield, The Potteries and Manchester.

The area is a magnet for day visitors and holiday makers, attracted by the magical scenery afforded by the nearby Dovedale, Manifold Valley and Lathkilldale. As well as the popular High Peak and Tissington Trails. There are a large number of holiday cottages, bed and breakfasts, hotels and youth hostels nearby which guarantees a constant flow of visitors to the business. This is an idyllic location in which to live and operate a business.

THE PROPERTY

The front door opens into a small front hall leading into the Main Lounge/Bar. Packed with character with its beamed ceilings and log-burning stove and a tiled and wood floor, this is a classical village inn.



To the left is a separate Pool Room with a tiled floor and a hatch to the main well-equipped bar servery.

The Catering Kitchen is of a good size and well equipped, with a large external store/prep room. The underground Beer Cellar is large and temperature controlled. An inner hall leads to the tiled ladies and gents WC's.



EXTERNAL

To the rear of the business is a private garden. To the front is a good sized car park with external seating. We have been informed by the owners that they are planning to create a paved seating area to the front. To the side is a large lawned beer garden and to the rear is the caravan park. There are 11 permanent caravan and 12 ad hoc pitches, together with space for tents.

An external block is home to a private garage plus ladies and gents shower block. In addition there is an external wash up facility with hot and cold water.

OWNER’S ACCOMMODATION

A lounge is located on the ground floor. On the first floor are two double and one single bedroom, together with a shower room and WC.

TRADING AND LICENSING

We are advised that the business trades with the benefit of a Premises licence (not seen).

Current opening hours are:

Mon-Thurs: midday-4.00pm and 6.30pm-midnight.

Fri and Sat: midday-2.00am (no entry after 11.30pm).

Sun: midday-midnight.

Food served midday-2.30pm and 6.30pm-9.00pm.

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

We are instructed to offer the business as a leasehold re-assignment of a 21 year Enterprise lease from 1993. The rent has recently been reviewed at £16,500 per annum, fixed for 5 years. The lease is free of tie for wines, spirits and soft drinks and accrues 100% of AWP income. The lease is full repairing and insuring. We are advised that mains electricity water and sewerage are connected. Cooking is by electric, heating by gas (no services seen or tested).

Business rates are to be confirmed.

THE BUSINESS

The business was purchased by the current owners in 2006 and have maintained the excellent trade enjoyed prior to their purchase. Takings for the period 25th May 2006 to 31st March 2007 were £232,521 (incl. vat) and we calculate that reconstituted profits for a whole year were around £46,000. This figure allows for one off repairs, depreciation, loan interest and motor expenses plus a caravan income of £9,000. In addition the business runs outside bars, excluded from the accounts.

The backbones of the business are the local teams. In the summer there is 1 football team and a pool team. In the winter there is a further pool team, 4 darts teams and 4 dominoes teams. In addition the business is well supported by the villagers plus the large number of visitors to the area.

The 11 permanent caravans are charged £80 per month each and the business accrues further income from the visiting campers and caravaners.

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

Property information

Property:

Leasehold