Top Draw Unopposed Profitable Destination Food Tavern For Sale

Business description

Impressive unopposed 300 year old “top draw” destination inn located in favored affluent lincolnshire village of welby close to grantham and the “a1” with high takings history

> distinctive total renovation with high quality fixtures and fittings inc superb kitchens
> two excellent dining rooms (65) and friendly locals lounge bar (30)
> excellent trading history with accounts
> meeting / conference room (30) curreltly unused + en-suite letting appartment
> roaring open fires, period features, exposed local stone, bright & airy, female friendly environment
> owners refurbed 3 bedroomed accommodation with private access

This is a fine example of a contemporary old english inn set within an exclusive village setting offered at a realistic price of £79,000 for the assignment of a part tied lease to inc fixtures & fittings, goodwill plus s.a.v.

LOCATION (NG32 3LP)
This OLD STONE COACHING INN is located in the much FAVOURED village of WELBY nr GRANTHAM LINCOLNSHIRE. Laying just to the East of Grantham and the A1 the village is just off the busy NOTTINGHAM to BOSTON road “A52” amidst other favourable residential villages, which are steeped in the history of England, and lies just to the North of RUTLAND and MELTON MOWBRAY. The National Trust property of BELTON HOUSE is 2 minutes away with Grantham itself being a thriving Historic Market Town of note. The Old Pub is located at the centre of the village on MAIN STREET and attracts trade from travelers on the A52, commercial users from Grantham and numerous residents from outlying villages. This part of Lincolnshire has become amongst the most sought after locations in the UK with its excellent nationwide communications by Trunk Road and Main Line railway from Grantham direct into LONDON taking under an hour.

PROPERTY DESCRIPTION
Dating back some 300 years this former COACHING INN is primarily of MELLOW STONE and Weathered Brick construction under pitched pantile roofs. There are two detached buildings with a “coachway” running between them. The MAIN BUILDING has been completely renovated and refurbished to an extremely high standard. LOCALS LOUNGE BAR (30) has a stained reclaimed wooden floor, deep leather arm chairs set into the Georgian Bow Window, low coffee tables, loose stools and chairs all nestling around a most “special” roaring open fire with large “dog grate” set into its thick mellow stone walls. The CENTRAL BAR SERVERY provides a service point for all rooms and has a range of “REAL ALE PULLS” and bright beer pumps along with excellent merchandising opportunities for wine and “top shelf” sales. INFORMAL GARDEN DINING ROOM (35) provides a bright and airy space for informal dining with French Doors providing an abundance of natural light, light oak tables, fixed pew style seating and dining chairs within a “clean minimalist” style of décor and light oak floor. RESTAURANT (30) more formal and has a quality carpet fitted with a more traditional ambiance to it with draped curtained windows and a low beamed ceiling. Seating is by way of polished dark wooden tables and a mixture of dining chairs. The MEETING ROOM (30) has its own entrance and balcony off ( currently not in use).
THE STABLE BLOCK houses the En-Suite Apartment and Beer Cellar.
The KITCHENS are fully equipped to high COMMERCIAL standards with a fitted extraction system, S/S tables and up to date equipment. BEER CELLAR is to the ground floor in a separate building. Well-tendered LADIES & GENTS toilets are provided with direct access to the trading areas.

OWNERS HOME
Located to the 1st floor with it comprises of three good bedrooms, private lounge, fitted kitchen and family bathroom with private access.
EXTERNALS
A patio area is located to the rear of the property facing the car park, which is surrounded, by mature trees and plants. Picnic tables could be placed to the front of the property if so desired.

PREMISES LICENSE
The Premises license has been applied for allowing the business to trade from 11a.m. until Midnight. Currant trading hours are limited to “traditional” sessions and the business is closed all day Monday. A PERSONAL LICENSE will be required and our associate training company can assist with this.


TENURE
The business is being offered as assignment of a PART TIED lease from EVERARDS FAMILY BREWERY of 10 years commencing 2007. The current business rent is circa £55,000 pa.

SERVICES
Mains Water, Electric, and Sewage are connected with Central Heating by Oil and cooking by LPG. Business rates payable are advised as £5000 p.a.

THE BUSINESS
Our clients purchased the property in July 2004 and have completely re-focused the business to become a female friendly (ladies who lunch) quality destination FOOD TAVERN catering for well-healed locals and business patronage from the Grantham area and beyond. Our clients sold the business to EVERARDS BREWERY in 2007 as a “sale and leaseback” and also took a second pub from them. Due to circumstances of a personal nature they have decided to assign their lease. Sales for 05/06 are showing an average of £1298 Inc VAT per day, which when applied x a full year equate to an annualised figure of £473,851 Inc VAT p.a. with 06/07 returning £498,142 inc vat. From up to date VAT returns, current Sales show £6,441 per week , the curve down being due to our clients operating 2 pubs, the decline has been halted and is now on track to recover to earlier numbers as our clients have refocused back on running the single business.

Property information

Property:

Leasehold