Superbly Appointed 16th Century Country Inn For Sale

Business description

Unspoilt 16th century traditional unopposed village inn situated on the edge of the Peak District National Park.
Traditional Lounge Bar (50+), Restaurant Bar (36), Charming and Delightful Restaurant (circa 50 covers).
Wealth of character with exposed beams and 2 multi-fuel fireplaces.
Fully equipped Commercial Catering Kitchen.
Highly impressive 2 bedroom owner's accommodation.
Offered on a New 15 year private free-of-tie lease.
Advised current sales are circa £350,000 (incl. Vat).
55% food and 45% wet.
Tremendous potential for a new fully focussed hands-on business partnership with a passion for food.

A rare opportunity to procure a highly distinctive and well established business and home offering masses of potential for a hands-on owner operator with an enviable lifestyle in an area of outstanding beauty

Asking price: £75,000 new free of tie lease to include fixtures & fittings, goodwill, excluding s.a.v.

The Property

This unspoilt 16th century traditional inn is a substantial and impressive 2 storey detached property of stone construction under a pitched, tiled roof. Retaining a wealth of character this attractive property has a lovely and welcoming ambience with exposed beamed ceilings and real open fires. Main entrance at the front leading into the lobby with access to the Restaurant Bar and Lounge Bar (50+) is a good sized traditional and characterful room having an intimate and cosy ambience with a feature return bar servery with polished copper counter and a back fitting with shelving and refrigerated bottle coolers (not tested) which are complemented by the fixed upholstered perimeter seating with loose polished tables, chairs and upholstered stools. Adding to the charm of this room is the delightful exposed stonework, the feature stone fireplace with an inset log burner, the exposed beamed ceiling and timber pillars. There are also 2 log burners. Access to the W.C's and to the Restaurant Bar (36) is a charming and relaxing room with a return bar servery counter which is complemented by the loose tables and leather upholstered sofa, the leather upholstered chairs and an upholstered settle. There is also a feature open fireplace and exposed stone walling adding to the relaxing ambience. Access leading through to the Restaurant (circa 50 covers) is a delightful room and offers a romantic ambience for the most discerning diner. There is a mix of loose polished tables, chairs and upholstered settles. Adding to the charm of the restaurant is the exposed beamed ceiling and timber pillars.

Ladies and Gents W.C's.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances, preparation surfaces (appliances not tested). Dry Goods Store RoomLower Ground Floor Cellar with dray drop, pumps, python, racks and cooler.

The Business

This delightful destination inn is operated by our vendor clients (who have been in situ for the past 4 years) on a full time basis with the assistance of a full time chef and 10 part time members of staff. After many highly successful and very profitable years in the trade our vendor clients have; due to personal circumstances and family commitments decided to sell this superb business. The business premises can be run extremely cost effectively on relatively low overheads resulting in a higher profitability. We are advised the current sales are circa £350,000 (incl. VAT). This delightful destination inn is a well established and successful business yet still offers excellent scope to increase the turnover especially by fully focussing on expanding the food side of the business and would quite easily expect a fully focussed and fully committed full time hands-on entrepreneurial partnership to achieve a turnover well in excess of £400,000. Trade split is approximately 55% food and 45% wet.

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

Property information

Property:

Leasehold

Lease terms:

We are advised that the inn benefits from all mains services with the exception of propane gas being used for cooking and central heating (no services seen or tested).

Leasehold Option:

1. New 15 year FRI Lease to be created.

2. Free of all brewery and supplies ties.

3. Initial rent of £35,000 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 £75,000 to include goodwill, fixtures and fittings and the benefit of the lease. Business rates payable are advised as being £4,899 per annum.

Living accommodation:

Owners Accommodation Being of a good size and presented in very good decorative order is situated on the 1st floor and briefly comprises: 2 good sized bedrooms, lounge and bathroom. External Patron's car parking facilities for circa 15 cars. There is an enclosed lawned beer garden with timber benches/seating and an additional beer garden having a raised decked area with tables and chairs.

Location:

This charming and traditional inn is situated in the village of Cotton on the edge of the highly desirable Peak District National Park and can be easily reached from the A52 near Ashbourne.

The surrounding affluent villages and towns contribute to the abundance of tourists and visitors from all over the world to enjoy and participate in the stunning and diverse scenery of Derbyshire and the Peak District. The Peak District is a paradise for walkers, climbers, cyclists, cavers and adventure sports enthusiasts. The nearby towns of Alton; home to the world famous theme park 'Alton Towers', Baslow being the home of Chatsworth House, Matlock which is the bustling commercial centre for the Derbyshire Dales, the spa town of Buxton plus many more all contribute to the excellent levels of passing and repeat trade from the tourists and visitors coming from afar to this beautiful and particularly popular region.

Other information

Trading hours:

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

Monday - Saturday - 10.00am - 11.00pm

Sunday - Midday - 11.30pm

The current trading hours are as follows:

Monday - Saturday - Midday - 11.00pm

Sunday - Midday - 10.30pm

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. Guy Simmonds hold this 1 day NCPLH Course every month. Please telephone us to reserve your place or browse the training section of this site.