Hugely Profitable Easy Run Interesting Village Pub For Sale

Business description

HUGELY PROFITABLE EASY RUN INTERESTING VILLAGE “PUB” WITHIN STRONG CATCHMENT LOCALE OF WELLAND VALLEY AND THE FABULOUS SOUTH LEICESTERSHIRE VILLAGES


> Consistently Strong Sales Foundation of £378,533 inc vat 19% Dry to 81% Wet (inc awp) with unbridled further food potential – proven £100,000 Net Profits – run under management
> Popular Locals Bar & games(50+) - Cosy inglenook Informal Dining Lounge(24) – Conservatory (32) - commercial kitchens
> Superb secure garden with outbuildings (150+) ideal for marquee
> Generous 2 double bed roomed owners accommodation with private access
> Sits to village green within an area of sustainable prosperity
> 30 year protected fully renewable lease (at no further cost) partially tied

A SMASHING PUB RUN AS A “BUSINESS” WITH PROVEN HIGH RETURNS OFFERED AT A MOST AFFORDABLE PRICE OF £149,000 LEASE ASSIGNMENT PARTIALLY TIED TO INCLUDE FIXTURES AND FITTINGS GOODWILL PLUS S.A.V.



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LOCATION (LE16 7EU)
The much coveted location of this Inn provides an opportunity to live and work within one of the most highly desirable locales within England. The beautiful village of GREAT BOWDEN lies on the edge of the WELLAND VALLEY with a history dating back to ANGLO SAXON TIMES. Grt Bowden still enjoys a quintessentially English village way of life and to this day has retained itself by largely remaining within its ancient boundaries surrounded by rich countryside and separate centuries old settlements having a unique relationship with its larger neighbour, the renowned market town of MARKET HARBOROUGH. The villages picturesque centre consists of beautiful greens, local shops, village hall. historic church and of course THE VILLAGE PUB. Today a thriving village with approx 1,000 residents, this year 2008 hosts its own village FESTIVAL commencing February with a Pancake race from the village green through the spring and summer with horticultural shows, recitals etc finishing with a band night at the pub in October. Locally there are many places of worthy note and interest including 30 NATIONAL TRUST sites including Castle, Lodges, Halls, Country Parks, Museums etc. all within 10 miles of the village. Buses run from the village hourly to Market Harborough and Oakham and the village has 3 pre-school and junior schools. The village sits just off the A6 south of the City of LEICESTER, Great Glen and The LANGTONS, making it an idyllic residential area of sustainable prosperity. The pub sits on the village green.




PROPERTY DESCRIPTION
The property commands a frontage to the vibrant village green and was possibly used as a COACHING INN over the centuries. The pub has a clad brick frontage under pitched Welsh slate roofs and is extremely deceptive in size, being set back into the village property line. Enter from the village green through the heavy old door with welcoming coach lanterns set to each side into the inner vestibule leading left or right into the main body of the pub. To the right is the popular LOCALS BAR & GAMES AREA (30+ standing) with fully patterned carpet fitted and loose furniture, POOL TABLE, SKITTLES and traditional pub games. High stools are set to the CENTRAL BAR SERVERY which is of painted timber with a polished counter top housing REAL ALE WICKETS and Bright Beer Pumps. Large low set panelled windows afford views over the active village green and provide dancing sunlight to the locals bar and INFORMAL DINING LOUNGE (24+ standing) with its feature INGLENOOK FIREPLACE, low set beams and stripped timber floors. A cosy area which is very popular with diners and those wanting a more relaxed lounge atmosphere and is furnished with “country tavern” style tables and chairs well suited to dining from. CONSERVATORY (32 covers) lies to the rear of the property with views over the pub garden and “inner village” and is ideal for more formal dining occasions , private parties and the very popular SUNDAY CARVERY. CATERING KITCHEN has a full range of commercial equipment along with canopy extraction. TOILETS, are provided off a rear corridor. BEER CELLAR is set deep having real ale stillage and refrigeration.


OWNERS ACCOMMODATION
Located to the first floor with entrances directly from the pub or private access to the rear of the property and comprises of 2 Double Bedrooms, Dining room, Lounge, Kitchen & Family bathroom


EXTERNALS
Definitely a “gem in the crown”, the gardens have timber picnic sets, old brick wall surrounds and mature shrubs, a range of outbuildings suitable for conversion, a paved area to the conservatory frontage with the area well suited for marquees and weddings.


PREMISES LICENSES
The Premises License allows opening from 10am until 12 midnight Sunday through Thursday with 1am closure Friday & Saturday. We are advised the business runs on opening hours of 12 noon till 2.30pm then 4.30 pm till 11.30pm and All day opening Friday, Saturday and Sunday until 12 midnight This provides plenty of scope for further all day trading through the week days utilising all the available hours. A Personal License will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses. The provision of entertainment is part of the premises license.

TENURE
The business is being offered with the benefit of a 30 year lease commencing 2000 from The UNIQUE PUB Co (now Enterprise Inns) and is fully renewable at its end for a further 30 years anon with full Landlord & Tenant Act 1954 protection. The business rent is currently £28,000 set until 2010 with 5 yearly reviews. The lease is FREE of TIE for Wines Spirits & Minerals along with 100% net retention of machine income.


SERVICES
We are advised that the pub benefits from mains electric, water, sewage & gas with central heating by mains gas. Business rates payable are £3,790 pa .

THE BUSINESS
Our client purchased the lease 5 years ago and wishes to move to Southern Europe and “slow down”. The business is run single handed by our client with the assistance of a management couple with our client focusing on the operation of the kitchen. Profit & Loss accounts show for the following years sales of 2005- £419,623 / 2007 - £372,579 / 2007 – £378,533 inc vat and an actual Reconstructed Net Profit of £83,000 as an average over the 3 years (after adding back depreciation, finance charges, owners drawings, and other non-operational personal expenses). Gross Profits are running circa 55% on a sales split of 78% Wet to 19% Dry and 3% machine income. Due to our clients personal circumstance the business is run with the assistance of a management couple therefore with the further “add back” of related management wages and expenses the Net Disposable Profits, with a traditional hands on “couple” running the business, should show £100,000 for the year. There is undoubted further income to be derived from extra available openings and further focus on the food sales including the utilisation of the garden for events including weddings etc.

AN OPPORTUNITY TO ENJOY THIS SUPERB BUSINESS AND TAKE IT BEYOND THE EXISTING ROBUST TRADING FOUNDATION AND HIGH PROFITABILITY PROVIDING A HIGH RETURN ON INVESTMENT AND EFFORT – A MOST EXCEPTIONAL BUSINESS

Property information

Property:

Leasehold