Business Summary

PROPERTY DESCRIPTION:-
This old Pub is completely detached and of rendered brick and stone construction with pitched roofs and was built in 1759 when it served the foresters and agricultural workers of the area and was an important staging post between the rising great Cities of the East Middle Lands and Shires of England.

You can enter the charming old pub by its front or side entrances and be immediately warmed by the hospitality and feeling of welcome which surrounds you. The SNUG AREA (20) has a most delightful feature fire which sparkles its welcome to all who enter. The pub then wrapped round the CENTRAL BAR SERVERY which is of LOCAL STONE CONSTRUCTION and polished wood top with REAL ALES “PULLS” and back servery through the main “L” shaped lounge (50) with a dining area to its far end which opens onto the patio and open gardens with wide sweeping country views. The room has full carpeting and some hard surfaces to the bar servery, and assortment of fixed seating, bucket eats and captains chairs to polished tables. All through the trading area there are horse brass, old pictures and photographs , hunting trophies , and items of general local and historic note. Lighting is subdued and effective, much in keeping with the charm of the pub. Decoration is “traditional” with a “contemporary” under tone.

The BEER CELLAR is at ground level and accessed from behind the bar. The CATERING KITCHEN has S/S extraction and a full range of commercial equipment. Ladies and Gents toilets are off the side passage way

EXTERNALS:-
Set on approx 3 ½ acres the outside areas of the pub are without doubt an ASSET to both the business and lifestyle of its owners. From FRENCH DOORS off the lounge you will find the PATIO AREA with wooden tables & chairs this then leads onto the large grassed garden with around 26 picnic tables , mature shrubs and planting with sweeping views across the fields to CHARNWOOD FOREST. It is not unusual to have upwards of 200 people out here in the warmer months providing a 2nd larger “lounge bar”. The hard surfaced CAR PARK holds 65 vehicles and is suitable for COACHES ( which at present are not catered for).

For those with equestrian interests the property has STABLING for 5 horses within 4 stables and a PADDOCK. A new owner may wish to explore the posibilty for planning permission for camping and caravans.

PREMISES LICENSES:-
We are advised that the business has a Premises License with permitted hours from 10.00am until Midnight all 7 days. Currant trading is based on TRADITIONAL HOURS i.e. Lunch and Evening sessions. A PERSONAL LICENSE will be required ( our associate company can assist with this).

TENURE:-
We are instructed to offer this business for sale as a LEASE ASSIGNMENT of a 15 year fully renewable (at no extra cost and under no less favourable terms) landlord & Tenant Act Protected lease from 2002. However we are advised that Punch are in a position to re-negotiate the terms and conditions of the lease with an assignee and issue a new lease to them if required.

SERVICES:-
Mains Water , Electric are connected with sewage being by septic tank to mains. Central Heating is by LPG and cooking by Electric. Rates payable are circa £5400 p.a.

THE BUSINESS:-
Our clients have been in the business in the business for 6 years having purchased it through GA-SELECT and wish to move on due to personal reasons ( Husbands career). The business is trading (y/e 06/11) circa £250,000 Gross p.a. with a GP of £128,980 ( 51%) with little focus on the food potential of the business (only Lunches serves on a Tues to Sat, no food Sun & Mon) . Sales split is 85% Wet to 15% Dry. We believe that with further focus on the FOOD OPERATION then Sales above £450,000 are within easy grasp. ( We understand that Punch would consider a major development at the pub in partnership with a new lessee but is subject to personal negotiations and not conditional within the sale). The pub is set on a busy “link” road and well positioned to attract leisure trade and business users along with local patronage and with utilising extra opening hours this could become the MAJOR FOOD TAVERN within the area.

Property Details

Other Business Details