Business Summary

Urban Locks Business Sales in Radcliffe are delighted to introduce to the market this stunning seventeeth century Inn nestled within the heart of the Rossendale Valley. Free of tie and with a fantastic reputation for food, drink and atmosphere, this stunning inn offers a very spacious living accommodation & would be well suited for those looking for a lifestyle change. For sale Leasehold or Freehold.


AREA
Edenfield is a picturesque village within the Rossendale Borough of Lancashire.
Lying on the river Irwell, it is aprximately 1.25miles north of Ramsbottom, 2.5 Miles South of Rawtenstall & 6 miles West of Norden.
The M66 Motorway terminates it's course at Edenfield, whereupon it becomes the A56 Edenfield bypass.
The village has seen strong growth over recent years as a commuter settlement for Greater Manchester & East Lancashire.


THE BUSINESS
Having been established for many years, the business has been in the hands of the current owner for nearly 14 yrs.
Offering a traditional, high quality menu using mainly local produce, the pub has built a fantastic reputation throughout the local area, and being perfectly situated on the busy A56, also enjoys a strong passing trade. The pub boasts a 70 cover dining room, a spacious bar & lounge area, ample on street parking to the front and a small car park to the rear.


THE PROPERTY
This substantial Stone built detached property is stunning throughout. To the groung floor there is an entrance vestibule, spacious, relaxing lounge and bar area & a spacious dining area. To the left of the building there is tastefully built extension, housing a further dining area along with a spacious, well equipped kitchen and Ladies & Gents w/c's.
The owners acomodation to the first floor can be accessed internally via a staircase next to the bar or externally via steps at the rear up to a small balcony.
The living accomodation comprises of a modern, fresh Living room, Dining Kitchen, Family bathroom, 3 double bedrooms (Master bedroom having ensuite shower room).


STAFF & TRADING HOURS
The current owner is fully active within the business on a fulltime basis and is assisted by 12 part time members of staff and 3 fulltime members of staff.

Trading hours are as follows;

Monday - Saturday 11:30am - 11:00pm
Sunday 11:00am - 11:00pm



FINANCIAL PROFILE AND TENURE DETAILS
The business is being offered to the market as either Freehold or Leasehold.
Freehold (advised) is available for £339,950
The leasehold option is available for £49,950 with an annual rent payable of £26,000.
There is a new lease available with length of lease negotiable
Current Weekly Turn-over - £5,500 (currently around 50/50 split between Wet Sales & Food sales)
Gross Profit of approximately 61%



FURTHER SCOPE & REASON FOR SALE
The longevity of this stunning pub along with the quality of food and service has meant that the current owner has enjoyed the benefit of loyal repeat custom from the village and further a field via word of mouth and strong recommendations. Having never particularly advertised the business, we feel that there is huge scope to increase what is already a very attractive turn over via local media etc.

Our client is only selling to allow him to concentrate on other business interests.

A very rare opportunity to acquire a stunning seventeenth century pub, nestled in such idyllic surroundings.

Early viewing recommended.




Disclaimer
Please Note: All information, measurements, plans and photographs are for general guidance only. The agents have not tested any appliances, facilities or services.

Whilst these particulars are believed to be correct their accuracy is not guaranteed and they do not form any part of any offer or contract.

* Viewing strictly by appointment with Urban Locks *

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