Inn In The Heart Of The Derbyshire Village Of Hatton For Sale

Business description

SUPERBLY APPOINTED VILLAGE INN SERVICING LOCAL BUSINESSES AND PASSING TRADE IN THE HEART OF THE POPULAR DERBYSHIRE VILLAGE OF HATTON




A busy and popular village.
Roadside position close to local amenities.
Adjacent to large local industry.
Light and extensive 'Top Room' (40+) and separate Pool Room and Public Bar.
Impressive owner accommodation to include 3 Double Bedrooms.
99% Wet trade.
Around 260 barrels.
Great potential to increase food trade.
Turnover circa £156,000 (incl.)to year end June 2006.


A WELL ESTABLISHED BUSINESS IN A SOUGHT AFTER VILLAGE LOCATION OFFERING EXCELLENT POTENTIAL FOR FURTHER DEVELOPMENT.


ASKING PRICE £54,500 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
First mentioned in the Domesday Book as belonging to Henry de Ferrers and being worth twenty shillings, Hatton is a delightful Derbyshire village. Henry was a Norman soldier who took part in the conquest of England and The Battle of Hastings of 1066 and for his efforts was awarded much land. Situated north of Burton upon Trent, with Derby to the west and Stoke on Trent to the east, Hatton and its neighbour Tutbury are connected by the River Dove. For most of its flow the river follows the boundary between the counties of Derbyshire and Staffordshire. Tutbury is most famous for its historic castle, wherein lies the fortress which was most hated by Mary Queen of Scots during her imprisonment there in 1569. The Inn itself is situated a few yards away from both the river and the Tutbury and Hatton Railway Station on the Nottingham to Crewe line. This area has excellent rail and road networks with easy access to both the M1 and M6.

THE PROPERTY

This substantial Inn is an impressive 2-storey property of rendered red brick construction under a pitched, tiled roof occupying a superbly prominent main road position.



The Public Bar (circa 30) is a traditional bar with a large imposing bar/servery and boasting extensive windows. Furnished with perimeter upholstered seating and loose tables and chairs, the room features a TV screen and AWP.

The Top Room (circa 40) is a good sized well lit area with high ceilings and large windows. The impressive return bar/servery with carpeted floors is further complemented by soft upholstered perimeter seating and loose tables and chairs. There is a large screen TV and AWPs.

The Pool Room is situated between the Public Bar and the Top Room and is a well maintained area featuring an attractive blue base pool table with over-table lighting. A large return bar/servery and perimeter seating further complement the pleasant atmosphere this room offers.



Ladies (and Disabled) and Gents WCs.

The Lower Ground Floor Cellar is accessed from behind the bar servery area and is well equipped with cooler and python systems and has a traditional cellar drop.

The fully Equipped Galley Domestic Kitchen features domestic appliances (not tested). Situated on the ground floor this area could easily be further developed to substantially increase the food offering.

OWNER ACCOMMODATION

Situated on the first floor, the owner accommodation comprises: 3 spacious double bedrooms, large comfortable lounge with high ceilings and extensive windows, family bathroom, utility room, fitted kitchen and boiler/store cupboard. All rooms are in keeping with the building's original construction style and are light, airy and spacious.

EXTERNAL

To the rear exterior of the property is a beer garden, comprising a patio area offering seating for approximately 20. There is also a covered seated smoking area, a garage and further storage outhouse.

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 10.00am - Midnight

Fri - Sat 10.00am - 2.00am

Current opening hours:

Our client advises us that the current opening hours are the same as the hours permitted by the Premises License above.

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 lease assignment with approximately 6 years remaining of the original Punch Taverns full repairing and insuring, renewable agreement. We are informed that the rent is currently £31,200 per annum with rent reviews every 5 years. 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 provisions of the Landlord and Tenant Act 1954. We are further advised that the Inn benefits from all mains services and uses gas central heating (no services seen or tested). Business rates are advised as currently being £7,215 per annum.

THE BUSINESS

The current owners took over the already well established business in June 2004 as a family concern and have built on the Inn's reputation since that time. Acquisition of this delightful Inn, affords the new owner operators the opportunity not only to maintain the excellent reputation that the current vendor client has built, but also to take advantage of the enormous potential to take the food sales to a higher level and ultimately increase the turnover and profit accordingly.

Current sales are circa £156,000 (incl.) to year end June 2006 from which a gross profit of £86,000 (55%) was achieved. This is based on 99% wet trade. In our opinion the introduction of food trade will considerably increase turnover and gross profit. We calculate the reconstituted net profits (i.e. adding back owner's costs, finance costs, depreciation and other expenses) as circa £15,000. The asking price reflects the location and the current trading foundation.

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

Property information

Property:

Leasehold