Inn & Restaurant Located Within The Parish Of Lowton For Sale

Business description

ATTRACTIVE AND THRIVING CHESHIRE INN/RESTAURANT LOCATED WITHIN THE PARISH OF LOWTON




Prominent inn located on the Cheshire/Lancashire border.
Traditional Bar; delightful Lounge/Restaurant (circa 45 covers).
Immaculate Function Room (65) with own bar servery.
Spacious 3 bed owners' accommodation.
Beer garden, patio and large car park.
Turnover circa £330,000 (incl. VAT) year end March 2006.
Approx. trade split is 85% wet, 15% food.
6 years remaining on renewable partially-tied lease.


AN EXCELLENT OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED BUSINESS IN A BUSY RESIDENTIAL AREA.


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


LOCATION
This delightful inn and restaurant is situated in Lowton in a prominent roadside location on the A572. The townships of Lowton Saint Luke's, Lowton Saint Mary's and Lowton Common lie on the border between Cheshire, Wigan and Lancashire. Lowton was anciently the seat of the Barony of Makerfield and Byrom Hall was the ancestral home of the late poet John Byrom in the 17th Century.


Close by is Pennington Flash Country Park which is nationally renowned for its birdlife and is a classic example of natural regeneration having been formed as a result of mining subsidence and flooding at the turn of the 20th Century. The 70-hectare lake is the centrepiece of this rare and beautiful country park. Now an extensive nature reserve with several bird hides and a network of tracks and footpaths. The 'Flash' is one of the premier birdwatching sites in N.W. England. Other local attractions include Haydock Race Course, Knowsley Safari Park, Camelot Theme Park, Aintree Racecourse, Walton Hall Gardens, Rufford Old Hall, and Norton Priory Museum and Gardens.

The Inn is located on the main A572 close to the M6 and is only a short distance from the cities of Manchester and Liverpool.



THE PROPERTY

This substantial inn is an attractive and impressive 2-storey property of brick construction under a pitched tiled roof, occupying a superb prominent main road position. The property is immaculate throughout and furnished to a high standard.

The Lounge/Restaurant (circa 45 covers) is a good sized charming and delightful room giving a warm and inviting ambience making it a most appealing dining experience. The room features an attractive central bar servery, exposed beams, feature fireplace, a 'library' area, fixed upholstered perimeter seating with loose tables, stools and chairs.

The Bar is a traditional room, featuring a projector T.V. games machines, darts area, fixed upholstered perimeter seating, loose tables and stools.

Gents and Ladies W.C.'s.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

There are excellent interior and exterior storage facilities with a ground floor cellar, garage and 2 store rooms.

On the 1st floor, the large immaculate Functions Room (45 covers; 65 standing) has its own bar servery. An ideal room for functions, sporting events, christenings, meetings, weddings etc.

OWNER'S ACCOMMODATION

Situated on the 1st floor, and briefly comprises: 3 double bedrooms, fitted kitchen, good size lounge, bathroom and store room.

EXTERNAL

There is a patio area to the rear of the property with tables, chairs, awning and patio heater. There is a large car park (30+) and an adjacent beer garden.

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:

Mon-Fri 11am to 11pm

Saturday 11am to 11.30pm

Sunday 12 noon to 10.30pm

Current opening hours are:

Mon-Sat 12 noon to 11pm

Sunday 12 noon to 10.30pm

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 full repairing and insuring, renewable agreement. We are informed the tie with Punch is for draft and bottled beers only. We are informed that the rent is currently £33,500 per annum, to be reviewed in 2008. 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 & Tenant Act 1954. We are advised that the inn benefits from full mains services (no services seen or tested). Business rates are advised as currently being £12,283.

THE BUSINESS

The current owners purchased the business in 1997 and have continued to build on an established business offering quality food and drink in lovely surroundings. After being in the licensed trade for 20 years our vendor clients have decided it is time to retire, hence the instruction to sell. This charming inn offers immense scope to increase upon the sales by exploiting the food trade and potentially using the upstairs Functions Room as a restaurant. Accounts for year end March 2006 will declare takings in the region of £329,070 (inclusive of VAT) split 85% wet; 15% food. Whilst the business is currently thriving, we feel that there is clearly further scope for newer 'hands-on' aggressive operators to exploit the obvious potential and take this business to the 'next level'.

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

Property information

Property:

Leasehold