Market Town Pub For Sale

Business description

COMMANDINGLY POSITIONED PUBLIC HOUSE STANDING ON MAIN ROAD INTO THE CENTRE OF THRIVING NORTHANTS MARKET TOWN OF TOWCESTER TRADING AS COMMUNITY PUB WITH UNDOUBTED LARGE FOOD POTENTIAL

> Historic trading foundation to build on of £259,641 inc vat 100% Wet sales operated as a managed house – undoubted opportunity to introduce food and grow sales up to and above £ ½ million pa
> Generous labyrinth internals with 150 + capacity within Lounge Bar, Snug & 2 Games rooms
> 4 bed roomed owners accommodation
> Smashing secure beer garden (100+) with marquee and timber benches – big car park
> Popular market town with sustainable prosperity – ideal family location
> Favourable 30 year Landlord & Tenant Act protected lease renewable at its end for a further 30 years anon at no further cost and no less favourable terms – NO TIE for machines, wines, spirits & minerals

A UNIQUE OPPORTUNITY TO BUILD ON EXISTING STYLE OF TRADE &(OR) DEVELOP MAJOR FOOD OPERATION OFFERED AT A REALISTIC ASKING PRICE OF £29,500 PARTIALLY TIED LEASE ASSIGNMENT TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.



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LOCATION (NN12 7DH)
The much sought after MARKET TOWN of TOWCESTER lies on the main A5 WATLING STREET within a favoured area of the Northern Home Counties shire of NORTHAMPTON with STONEY STRATFORD approx 8 miles away and the M1 within 10 minutes drive. Take the A5 through to the thriving town centre of TOWCESTER then onto BRACKLEY ROAD and the property is a few hundred yards on the left and completely un-missable. An old staging inn used as a link to the main stage routes to London today the mixed neighbourhood profile is of well healed professionals living within the town and local villages along with traditional “towns folk” with strong working ethics all enjoying the benefits of living within an exceptional locale noted as an area of sustainable prosperity and TOP OFSTED rated state schools. Tourists are attracted to the location because of the market town itself and with SILVERSTONE GRAND PRIX CIRCUIT just 3 miles distance, BILLINGS AQUADROME 12 miles, NATIONAL WATERWAYS MUSEUM 4 miles along with many romantic Elizabethan Manors, Country Gardens and fine Stately Homes. Rarely does a pub of this potential within such an outstanding location come to market. VIEW AT AN EARLY OPPORTUNITY


PROPERTY DESCRIPTION
A well positioned detached public house which deserves consideration for its unbridled opportunity to take advantage of its commanding positioning and handsome external appearances. Internally the property is a labyrinth of smaller rooms which provide opportunity for diverse occasion usage. The floor space allows for circa 150 people within its LOUNGE BAR – SNUG – and 2 GAMES ROOMS with a CENTRAL BAR SERVERY having REAL ALE PULLS and Bright ale pumps. The trading areas are carpeted and there are many underlying features such as open fireplaces, low exposed beams, bay windows, mixed styles of furnishings, exposed herring bone brick works anon. TOILETS are well presented with Ladies & Gents. BEER CELLAR is set deep beneath the property and is fully chilled. CATERING KITCHEN.

OWNERS ACCOMMODATION
Located to the 1st floor with 4 good sized bedrooms, family bathroom, lounge, kitchen & office.

EXTERNALS
A large car park providing off street parking runs to the side of the property. Without doubt the BEER GARDEN provides a fantastic opportunity for extra trade, both wet and dry. This is a lawn area with slabbed patio and has a capacity of around 100 people + and there is a marquee within the garden which has timber benches for customer use. The garden is totally secure and has mature trees and shrubs around its perimeter.


PREMISES LICENSES
The Premises License allows for openings of 9am till 12midnight all week. This avails plenty of future opportunity for a new owner to maximise on available hours which are not currently used. 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

TENURE
We are instructed to offer the property and business for sale as a leasehold assignment of a 30 year landlord and tenant act protected (fully renewable at no further cost for another 30 year period “anon” at its end under no less favourable terms) with 25 years unexpired from ENTERPRISE INNS and has a current business rent of £36,000 pa ex vat set until 2011. The original lease was from Unique Pub Co and the lease still provides for a FREE of TIE facility for WINES, SPIRITS & MINERALS and MACHINES. Enterprise Inns cannot alter these terms without the permissions of the lessee.


SERVICES
We are advised that the pub benefits from mains electric, water, gas, sewage with heating by Gas. Business rates payable are £TBA

THE BUSINESS
Our instructing vendor client purchased the business through GA-SELECT early 2008 as a bolt on to his other business interests and has operated the pub as a managed house however this has “taken his eye of the ball” and diluted his main business therefore requires to sell the pub on. Upon purchasing the business sales ran to £259,000 pa inc vat 100% Wet driven however due to management issues the pub is trading around £2,000 to £3,000 per week.
Currently the business is focused on the local drinks and games market with basic pub food on offer however the opportunity is ready for a “hands on” new owner who can identify the food market available and it would be within reasonability to expect sales to grow to the £ ½ million mark within a 2 year period making this an absolute “gem” for a food focused operator.
Our Managing Director believes that this is an exciting prospect for a food focused couple to introduce expertise into the business model, possibly changing its trading culture by maximising the site as a major food operation believing that it would make an exceptional “carvery” style of Inn (the proud external elevation and outstanding but understated internals provide the background for such a venture) alternatively further develop on the sound trading foundation of a wet driven venue.

THIS IS A BUSINESS OPPORTUNITY THAT UNDOUBTEDLY HAS POTENTIAL TO GROW AND SHOULD BE VIEWED AT THE EARLIEST TIME TO APPRECIATE ITS FULL POTENTIAL

Property information

Property:

Leasehold