Jackson Stops Inn Free of Tie For Sale

Business description

£45,000 Leasehold - Free of Tie

Beautiful 17th century village inn just off the A1, 8 miles from historic Stamford. 'Free of Tie' lease. 3 bedroom owners' accommodation. Food led trade. Dating back to the 17th century, the Jackson Stops Inn has retained many of its original period features and exudes a great deal of charm. Believed to have originally been built as a farmhouse in circa 1721, the property was transformed into the beautiful inn that it is today at the beginning of the 20th century. The inn has been known as the Jackson Stops since 1955; its name derived from a firm of estate agents who erected one of their boards at the property. Its location offers the best of both worlds; a lovely village setting close to open countryside, yet with the A1 on its doorstep, the property is well placed to take advantage of destination and passing trade.

The Jackson Stops Inn occupies a prominent, slightly elevated position in the centre of this lovely Rutland village. Being within a 14 mile radius of Stamford, Oakham and Melton Mowbray, the inn is ideally placed for its function as a destination business. For transport links further afield, the nearby A1 gives access to the A606, A16 and the A43. There are many places of interest nearby such as Rutland Water, Burghley House, Clipsham Hall and Oakham Castle. Our clients, a husband and wife team, acquired the business in October 2007. It was never their intention to sell so soon, but their personal circumstances have changed and as a result this has meant that they have had to bring forward their exit strategy. They have many ideas for ways in which the business might be further developed and with this in mind, their successors will take over a business that is capable of further growth.

THE PROPERTY
A pretty stone built property with a pitched roof with part thatch, part pan-tile covering and characterful accommodation over ground and first floors.

PUBLIC AREAS
Solid wood entrance doors lead from the car park at the front of the property into the Bar and immediately the natural character of the property is evident. As you would expect, many original features have been retained and the trading areas exude a great deal of charm; stone-flag flooring, heavily beamed ceilings, exposed stonework and a lovely inglenook fireplace all help in creating a relaxed environment in which to dine. There are four designated Dining Rooms which in total provide around 48 covers.

SERVICE AREAS
Catering kitchen with a comprehensive range of stainless steel equipment, storage and work surfaces. Ground floor level beer cellar.

OUTSIDE
A car park at the front of the property provides off road parking for customers' vehicles. There is a lawned beer garden.

OWNERS' ACCOMMODATION
Situated on the first floor, the owners' accommodation has a lounge, three bedrooms and a bathroom.

SERVICES
Mains electricity, water and drainage. Cooking by LPG.

LICENCES
Premises Licence.

TRADE
The Jackson Stops Inn had not been trading for around 10 weeks prior to our clients acquisition of the property in October 2007. Since then the business has responded well to the hands-on style in which they run it and turnover is steadily improving. Trading information will be made available to seriously interested parties who have viewed the premises.

LOCATION
Convenient for the A1, A606, A16 and A43, the property is situated approximately 8 miles north west of Stamford, 8.5 miles north east of Oakham and 14 miles east of Melton Mowbray.

TENURE
Leasehold. The business is held on the residue of a 15 year FREE OF TIE lease from 31st July 2006. The rent is subject to review in 2009 and every 3 years thereafter.

PRICE
£45,000 for the leasehold property, goodwill and trade contents excluding personal items (subject to inventory). Stock at valuation.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Leasehold