Freehold Freehouse With Traditional Fine Dining Country For Sale

Business description

Substantial and highly impressive 18th Century traditional village inn situated in the beautiful county of Derbyshire.
Relaxing Lounge Bar (20), Charming Public Bar (25), Superb Fine Dining Restaurant (circa 70 covers).
Newly fitted fully equipped Commercial Catering Kitchen.
Excellent 3 bedroomed owner's accommodation.
Current sales circa £300,000 (incl. VAT).
Offered on new private free-of-tie 15 year lease or freehold option.
Trading on massively reduced hours.
Trade split 30% wet and 70% food.
Massive potential for a fully focussed 'hands-on' entrepreneurial partnership.

Truly superb business proposition and enviable lifestyle set in the delightful derbyshire dales offering tremendous potential

Asking price £650,000 freehold or £70,000 new free of tie lease - both to include fixtures & fittings, goodwill, excluding s.a.v.

The Property

This substantial 18th Century traditional village inn is an impressive 2-storey detached property of stone construction under a pitched, slate roof. Being completely refurbished throughout yet retaining a wealth of character this attractive property has a lovely and welcoming ambience with exposed beamed ceilings and a roaring open fire. There are 2 entrances at the front leading into the Lounge Bar and Public Bar (25) is a pleasant and characterful room having a feature return bar servery with a solid polished counter and a matching back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with loose polished tables and upholstered stools. Access to the Lounge Bar (20) is a relaxing and cosy room having a lovely inviting ambience having a return bar servery with a solid polished counter and a back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with loose polished tables, upholstered stools and a comfortable leather sofa. Adding to the charm of this room is the exposed beamed ceiling, the feature open fireplace and the inset water feature. Access to the W.C's and Fine Dining Restaurant (circa 70 covers) set in 2 delightful dining areas is of a good size providing a wonderful relaxing and romantic ambience for the most discerning diner; having a mix of loose tables and leather upholstered chairs. Adding to the charm of this restaurant is the superb vaulted ceiling with recessed lighting and ceiling fans. Access to the Carvery Area.

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

Office; Ladies and Gents W.C's.

Lower Ground Floor Natural Cellar with dray drop, pumps, pythons x2, tilt racks and cooler.

The Business

This delightful village inn is operated by our vendor client as a 'sole trader' on a full time basis with the assistance of 6 full time staff and 6 part time members of staff. This delightful and charming village inn is already an extremely successful and profitable business with the current owner having achieved a well established trading foundation which can be fully emulated and capitalised on: yet still offers a new enthusiastic full time hands-on owner operator partnership considerable potential to increase the sales by simply increasing the trading hours. Trade split is circa 70% food and 30% wet. Current sales are circa £300,000 (incl. VAT). The business premises can be run extremely cost effectively on relatively low overheads resulting in high profitability.

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

Property information

Property:

Leasehold

Lease terms:

Leasehold Option:

1. New 15 year FRI Lease to be created.

2. Free of all brewery and supplies ties.

3. Initial rent of £30,000 per annum. Thereafter rent reviews every 3 years - linked to RPI inflation.

4. Rent payable quarterly in advance.

5. Minimum 2 year period for re-assignment.

6. Each party responsible for their own legal costs relating to the transaction.

7. Proposed lessees should have catering/bar experience commensurate with a quality licensed establishment and/or excellent entrepreneurial business experience.

The asking premium will be £70,000 to include goodwill, fixtures and fittings and the benefit of the lease. Alternatively, the Freehold price is £650,000 to include goodwill, fixtures and fittings. We are advised that the inn benefits from all mains services (services not tested). Business rates payable are advised as being £4,000 per annum.

Living accommodation:

Owners Accommodation Situated on the first floor presented in good decorative order; offering good sized rooms briefly comprises: 3 bedrooms, lounge, kitchen and bathroom. External Patron's car parking facilities for circa 50+ cars. There is a good sized lawned Beer Garden at the rear and a raised decked area with timber tables and chairs. There is also a covered Designated Smoking Area and a private enclosed garden for the owners.

Location:

This charming traditional village inn is situated in the highly desirable Derbyshire village of South Wingfield close to Crich Village (famous for the Crich Tramways) that attracts an immense number of tourists all year round. This delightful country inn is blessed with being located in an exceptionally stunning locale offering an enviable lifestyle and can be easily reached from junction 28 of the M1 motorway. Set in the beautiful and unspoilt Derbyshire Dales close to the Peak District National Park this gorgeous village inn is an extremely popular and well used venue. Situated in this affluent and highly sought after location and is well serviced by local schools, shops and amenities. Being a popular venue for local and commercial trade and also experiencing excellent levels of repeat trade from visitors coming from afar to this historic location.

Other information

Trading hours:

We are advised that the inn trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Monday - Sunday - 10.00am - 03.00am

The current trading hours are as follows:

Monday - Saturday - 6.00pm - Midnight

Sunday - Midday - 2.30pm & 6.00pm - Midnight