Thriving Derbyshire Village Inn For Sale

Business description

THRIVING DERBYSHIRE VILLAGE INN SITUATED ADJACENT TO THE RIVER SOAR IN DESIRABLE LOCATION OF KEGWORTH VILLAGE CLOSE TO EAST MIDLANDS AIRPORT AND DONINGTON PARK MOTOR RACING CIRCUIT




Traditional locals Inn with excellent local trade and clientele.
Locals Lounge Bar & Dining Room (circa 25) with exposed beams and open fireplace.
Lounge / Dining / Meeting Room (circa 20) with feature fireplace, Snug (circa 20).
Excellent location adjacent River Soar, 'captive' boating audience, fishermen, walkers etc.
Spacious 3 bedroom owners accommodation.
Thriving business taking £3,000 per week (incl. vat) split 90% wet, 10% food with scope to develop food trade.
Renewable Enterprise Inns lease - current rent circa £19,200, (from Jan 08 £21,000).


EXCELLENT BUSINESS, STATEGIC LOCATION, ENVIABLE LIFESTYLE.


ASKING PRICE £30,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This popular and thriving inn is situated in the desirable village of Kegworth, which is located close to East Midlands Airport and Donington Park Motor Racing Circuit, just off Junction 24 of the M1 motorway. Apart from attracting a desirable local clientele the business also attracts walkers and anglers. Enjoying an excellent location adjacent to the River Soar and moorings, the business also benefits from all-year round 'captive' boating trade.

In recent years Kegworth has dramatically increased in popularity because of its strategic location close to the A6 and M1, becoming a highly sought after village in which to live. This continues to bring in new customers to the business.

THE PROPERTY

The current owners purchased the business in November 2006 and have invested heavily in a new central heating boiler, new kitchen and bar equipment and redecoration.



Traditional Locals Bar - seats approximately 25. Plenty of character, open fire, exposed beams, quarry tiled floor.

Lounge / Dining / Meeting Room - approx. 20 covers. Part carpeted, feature fireplace, exposed beams. Central Servery.

Snug - seats approx. 20 - gas coal effect fire, carpeted.

Commercial Catering Kitchen - well equipped with the necessary commercial catering equipment (appliances not tested). Wash-up area.



Ladies and Gents W.C's.

Underground Cellar - good size and easily worked, plus wine/spirit store.

OWNER'S ACCOMMODATION

Located on the 1st floor. Extremely spacious and comprises of: 3 x double bedrooms, tiled bathroom with separate shower cubicle, fitted dining kitchen. Lounge with views over open fields. Landing/office.

EXTERNAL

A side yard leads to a large rear yard, ideal for conversion into a courtyard beer garden. There are various outbuildings / sheds for additional storage. A sitting out area is to the front of the business with new A tables. There is a car park opposite.

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:

Monday - Sunday 12.00 noon - 1am.

Current opening hours are:

Monday - 5pm -11pm

Tuesday - Thursday 12 noon - 11pm

Friday - Saturday 12 noon - 12 midnight

Sunday - 12 noon - 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 7 years remaining of the original Enterprise Inns full repairing and insuring, renewable agreement. Annual rental is extremely reasonable at circa £19,200 with the next rent review not due until 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 and Tenant Act 1954.

We are 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 £3,000 per annum.

THE BUSINESS

Our clients purchased the business in November 2006 but are now reluctantly selling. The previous owners had operated the business since 1998 and enjoyed an excellent lifestyle and profitable income. Takings in 2004 totalled £208,700 (incl. vat) split 87.5% wet, 12.5% food. Although takings are currently around £3,000 per week, there is a huge potential for new owners to develop the food trade in particular and dramatically increase turnover. The business has an excellent 'core' all year round trade which includes angling and walking clubs, 3 x darts teams, dominoes etc.

The asking price reflects the location and quality of fixtures and fittings.

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

Property information

Property:

Leasehold

Contact the seller