Inn In Highly Desirable Village Of Melbourne Near Airport For Sale

Business description

TRADITIONAL INN SITUATED IN THE HIGHLY DESIRABLE VILLAGE OF MELBOURNE NR. EAST MIDLANDS AIRPORT. TRADING WET SALES ONLY WITH SCOPE FOR FOOD




Highly desirable location in the village of Melbourne Close to East Midlands Airport, Donington Park Motor Racing Circuit & tourist attractions.
Good local and regular clientele from immediate catchment area.
Attractive Lounge and Bar areas seating approx. 65.
Separate entrance to unused Restaurant extension approx. 24 covers.
Attractive Patio/outside drinking area.
Owners 2 bedroom accommodation.
Current turnover circa £5,000-£5,500 per week (incl) 100% wet sales - scope for food.
Benefit of a Union Pub Company Long Lease with approx. 17 years remaining.


EXCITING OPPORTUNITY TO ACQUIRE A THRIVING LOCALS INN SITUATED IN A SOUGHT AFTER VILLAGE AND ENJOY THE LIFESTYLE.


ASKING PRICE £75,000 LEASEHOLD (OFFERS INVITED) TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This inn is situated in the village of Melbourne - a highly desirable and affluent large conservation village in South Derbyshire. The inn attracts a good regular local clientele from the immediate vicinity. In addition, the business is ideally situated close to East Midlands Airport and Donington Park Motor Racing Circuit and Junction 24 of the M1 motorway. Melbourne is surrounded by similar affluent and desirable villages and is also close to various tourist attractions including Melbourne Hall, Calke Abbey, Staunton Harold Visitors Centre etc.

HE PROPERTY

The trading areas were refurbished in 2003 and a new rear restaurant extension (currently not utilised for food) was added in 2004. The inn has a warm and inviting ambience. Attractive Lounge Bar Areas - carpeted seats approx. 35 with a mixture of fixed and loose seating. Bar Area - tiled floor, darts area, seats approx. 30. Entertainment is currently held in this area around 1 evening per month. Potential Catering Kitchen - equipped with various equipment (not tested). Central Feature Bar Servery - easily worked. Ladies/Gents WC. Underground Cellar/Bottle Store. 6 x TV monitors linked to satellite TV throughout the trading areas which are extremely popular for live sporting and football matches.



Rear Restaurant Extension - Completed in 2004 ideal for approx. 24 covers + fitted carpeting - this area is currently not utilised for food, hence the current turnover is 100% wet sales. This area presently accommodates a pool table - but new catering orientated operators could easily revert this room back to its original envisaged trading format. This restaurant also has a separate entrance (if required) and its own disabled WC and is adjacent to the outside 'Suntrap' patio drinking area.



OWNERS ACCOMMODATION

Situated on the 1st floor and comprises: Large landing/office. 2 x double bedrooms, lounge, bathroom, kitchenette.

EXTERNAL

Lovely rear 'Suntrap' outdoor patio drinking area. Car park. Storage facility to rear.

TRADING AND LICENSING

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

Sun-Thurs 10am - 11.30pm

Fri and Sat 10am - 12.30am

Current actual trading hours are severely limited through the choice of the current operator and we are informed they are as follows:

Mon - Thurs 4pm - 11pm

Fridays 2pm - 12.30am

Saturdays midday - 12.30am

Sundays midday - 11pm

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 Union Pub Company lease re-assignment with approximately 17 years remaining at an annual rental of approx. £32,000. 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. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates are advised as currently being £5,000 per annum.

THE BUSINESS

The present operators acquired the business in July 2005 as a first venture in the licensed trade. They have successfully operated the business essentially on a wet sales only basis and thoroughly enjoyed their lifestyle. Current turnover is circa £5,000-£5,500 per week inc. VAT.

The only reason for sale is due to their intending purchase of a larger business. This is an extremely easy business to operate and new lessees could follow the existing business foundation of wet sales only and operate with minimal staff (especially if operated as a family business) and relatively low overheads. However, we are of the opinion that there is undoubted potential to take this business to 'the next level' by introducing quality catering and increasing the severely restricted trading hours - thereby significantly increasing both the turnover and subsequent net profit. The business offers that rare opportunity of an existing successful trading base, with genuine food potential and chance to live in a highly sought-after village.

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

Property information

Property:

Leasehold