Northamptonshire Public House In Picturesque And Affluent Village For Sale

Business description

PUBLIC HOUSE IN A PICTURESQUE AND AFFLUENT VILLAGE - NORTHAMPTONSHIRE
Good quality 3 bedroom owners accommodation
Turnover £190,000 pa with huge growth potential
Early viewing highly recommended
Located in the centre of the village
Well established customer base
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this well established public house. The business has been in the careful hands of our clients since 2006 who only now wish to put the business on to the market due to their desire to expand their business interests. Since our clients took ownership of the business, it has been returned to its former glory on both its presentation and turnover culminating in a true walk-in and trade opportunity. Our clients have continually developed and improved the business introducing new income streams such as home cooked food using local produce plus turning the ample gardens and patio area into a private and safe environment for families in the summer months. The business is very much a community public house with the local villagers frequently on a regular basis. In addition, the business is used to hold parish and school meetings. On the outskirts of the village is the award winning Collingtree Golf Course that is regularly used for championship golf which attracts an affluent clientele to the business which enhanced the annual turnover. We are advised that the annual turnover currently runs at £190,000 pa with a gross margin of 50 %, This is derived from the sale of cask ales, lagers, wines, soft drinks and spirits. Meridian Business Sales recommends early viewing so as to appreciate the quality and scope for further growth of this business.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 21 years
Remaining: 18 years
Review: 5 years
Rent: £21,000pa

Living accommodation:

Well presented and maintained detached 2 storey Victorian thatched premises with 3 bedroom owners accommodation briefly conprising: GROUND FLOOR Main entrance leads to the main bar with feature fireplace and carpet floor leading to large bar with beer dispensers for lagers and cask ales, storage shelving for glasses and back display bar, double fronted glass bottle fridges and commercial glass washer. Large lounge area with free standing furniture and quality carpet plus fixed seating to windows and Inglenook of one of the two fireplaces with 28 covers. Restaurant area with quality free standing furniture to seat 16 plus covers. Large commercial kitchen with stainless steel preparation tables, 6 burner range, deep fat fryers, Salamander grill plus full extraction unit. Separate wash up area with sinks and dishwasher line. Ladies and gents toilets, 1 x storage room, 1 x beer cellar and Staircase to first floor. FIRST FLOOR Large landing with quality carpet and decoration 1 x double room with carpet and decoration 1 x double bedroom with quality carpet and decoration 1 x double bedroom with quality carpet and decoration 1 x large lounge with quality decoration and carpet 1 x bathroom with 3 piece suite and shower 1 x fitted kitchen 1 x office The owners' accommodation is of a high quality with old world charm. EXTERNAL Large car park to the rear of the property for 30 plus cars. Beer garden to the rear of the property laid to lawn with furniture and children's play area. Large patio area with quality furniture and large sun umbrella with steps down to the beer garden. Separate free standing brick built building with garage and room above.

Location:

This superb public house is located on the main through road of the popular and affluent village of Collingtree near Northampton. Collingtree is a popular and picturesque village and the surrounding area is renowned for its rolling countryside and fine period properties. The business stands on a large plot with ample parking and is the meeting place and hub of the village. The centre of Northampton is 5 miles away where all of the main retailers and amenities can be found. Collingtree, the city of Northampton and the surrounding area have strong road links via the A45 and A508 trunk roads and the M1 motorway.