Mansfield Thriving Nottinghamshire Club Freehouse For Sale

Business description

Residential location within easy walking distance of Mansfield town centre.
Ground floor bar/ lounge recently refurbished.
1st floor club/ games room with pool table and darts throw.
Owners' flat with 2 double bedrooms, lounge, kitchen, bathroom and separate WC.
Separate shop, studio flat and four garages with potential extra rental of circa £6,000 per annum.
Advised turnover circa £120,000 (inc VAT) plus valuable machine income of circa £12,000 pa.
Circa 200+ barrels of beer, producing excellent brewery discounts.

AN EXCELLENT OPPORTUNITY FOR EITHER AN OWNER OCCUPIER OR INVESTOR TO ACQUIRE A SOLID BUSINESS, WITH DEVELOPMENT POTENTIAL - IDEAL FIRST STEP ONTO FREEHOLD/FREE OF TIE PROPERTY LADDER

ASKING PRICE £195,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

The property dates back to 1882, and is of an attractive stone construction, covering an extensive corner plot.

The club has been recently refurbished and is in excellent condition.

Front doors open into a hall with stairs to the 1st floor. To the right on the ground floor is the large bar/ lounge. Although this is one room, it is cleverly broken up to give a sense of atmosphere and intimacy. At one end is a lounge area, which leads seamlessly past the well equipped bar servery to a larger seating area where there is a small stage and large LCD TV. The quality fixed and loose seating and carpet which is continued throughout gives a strong impression of comfort and conviviality.

To the rear of the bar is a good-sized kitchen, (no equipment tested), which serves both as a domestic kitchen and as a food-prep area for meals provided for the teams. This could easily be converted into a catering kitchen.

The underground beer cellar is of a good size. To the rear are the ladies and gents WC's.

On the 1st floor is the club/ games room, carpeted and with its own bar servery. This is home to the pool table and darts throw, and may also be used for private meetings and functions.

An external door leads to the studio flat, consisting of a living/bedroom, kitchen and separate shower room/WC.

The shop, situated on the corner of the building comprises the shop itself plus a small wash up area and WC.

General Remarks

The property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected with gas central heating (no services seen or tested). Business rates are advised at £3,400.

The Business

This is a thriving business, with an advised turnover for the club of £120,000 (incl. VAT) plus potential rentals from the studio flat, shop and garages of around £6000 per annum.

Gross profits from the club are good, based on the excellent brewery discounts available for the circa 200+ barrels per annum. Machine income is also excellent, with club jackpot machines being allowed under the licence, and producing an extra annual income of circa £12,000 pa. This is a community business with a solid and loyal following based on team events and entertainment. The introduction of food could only add to the existing strong trade.

This is also a prominent site in a developing area of the town, and may also become a valuable development site in years to come.

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

Property information

Property:

Freehold

Living accommodation:

Owners Accommodation On the 1st floor is the owners' flat, consisting of a lounge, 2 double bedrooms plus a bathroom/ utility room and separate WC. External To the rear of the business is a small carpark, giving access to a block of four garages. These may be used for own use, storage or offer the future owners a very useful source of rental income, for which there is strong local demand.

Location:

The business is located in a residential area within easy distance of Mansfield town centre. This offers all the advantages of a large number of chimney pots surrounding the business allowing it to perform its role as the community local, plus being close to all the amenities Mansfield town centre provides.

Mansfield thrived during the 50's and 60's as the centre of the Nottinghamshire coalfields, as well as a hosiery and shoemaking town. It has gone through a transition in recent years and, with the help of huge investments from local and national government is re-establishing itself as a forward looking market town attracting new modern industries.

The business is ideally located to take advantage of these positive developments.

Other information

Trading hours:

We are advised that the business trades with the benefit of a new Premises Licence (no Licences seen). Current opening hours are:

Sunday 12.00 to 12.00 every day

The permitted hours under the Premises Licence are 12.00midday to 12.00midnight.

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.