Unique 19th Century Staffordshire Village Inn For Sale

Business description

Prominent attractive property in the affluent and flourishing village of Spot Acre.
Good sized contemporary Lounge Bar (30+), delightful Restaurant set within 2 original Pullman Carriages (circa 62 covers), a warm and cosy Snug (20+) and a good sized multi-functional Conference Suite (30+).
Fully equipped Commercial Catering Kitchen.
Impressive 2/3 bedroom owner's accommodation.
7 years remaining on Punch Taverns lease.
Sales for Y/E May 07 circa £860,000 (incl. VAT). Recon Net Profit circa £100,000. Current sales consistent with 2007.
70% food and 30% wet.
Trading on reduced hours. Tremendous potential for hands-on owner operators.

AN AMAZING OPPORTUNITY TO PROCURE THIS TOP QUALITY BUSINESS AND FAMILY HOME OFFERING A SOLID AND WELL ESTABLISHED TRADING FOUNDATION WITH A WONDERFUL QUALITY OF LIFE IN THIS ENVIABLE LOCALE.

ASKING PRICE £149,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL EXCLUDING S.A.V.

The Property

Occupying a prominent main road location this lovely village inn is an attractive and impressive 2 and 3 storey detached brick built property under a pitched, tiled roof.Main entrance at the front leading into the lobby with access into the Lounge Bar.

Lounge Bar (30+) being a good sized bright and airy contemporary room having a feature return bar servery with a solid polished counter and a back fitting with a range of trade optics and refrigerated bottle coolers (not tested) which is complimented by a mix of solid polished oak tables and leather upholstered chairs. Access to the W.C's, Snug and Pullman Carriages Restaurant.

Restaurant (circa 62 covers) set within 2 original Pullman Railway Carriages providing a unique warm and relaxing dining experience. There are fixed polished tables, upholstered chairs and delightful panelled walls.

Snug (20+) is a warm and cosy room having a return bar servery with a polished copper counter and a back fitting with a range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the upholstered perimeter seating with a mix of loose polished tables, chairs and upholstered stools. Adding to the delightful ambience is the feature stone built open fireplace, the beamed ceiling and slate floor. Access to the Function Room/Conference Suite.

Function Room/Conference Suite (30+) being a good sized multi-functional bright and airy room having a return bar servery with a polished copper counter and back fitting which is complimented by the fixed upholstered perimeter seating, loose tables and upholstered chairs. Access to W.C.

Ladies, Gents and Disabled W.C's.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces. There is also a walk in chiller (appliances not tested). Wash Room and Prep Room.

Ground Floor Cellar with barrel delivery entrance, pumps, python, racks and cooler.

General Remarks

We are advised that the inn benefits from all mains services with the exception of calor gas for cooking and heating for the private accommodation, oil fired heating for the trading areas and a septic tank for sewage (no services seen or tested).

The business is offered for sale as a lease assignment with approximately 7 years remaining of the original Punch Taverns full repairing and insuring, renewable agreement.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We understand the lease is partially tied to draught beer and bottled beer only. Business rates payable are advised as being £12,000 per annum. Rent is currently £54,000 per annum which is especially realistic and favourable in relation to the excellent turnover and is reviewed in May 2011.

The Business

Our vendor clients, in situ for the past 8 years operate this superb inn as a husband and wife team on a part time 'hands-off' basis with the assistance of 4 full time and 30 part time members of staff. This excellent village inn is a successful and profitable business with the current owners having established a solid and consistent trading foundation. Sales for Y/E May 07 are circa £860,000 (incl. VAT).

Trade split is approximately 30% wet and 70% food. Already a successful business, there is still further potential for a new enthusiastic entrepreneurial full time 'hands-on' partnership to increase the existing excellent sales.

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

Property information

Living accommodation:

Owners Accommodation Situated on the first and second floors; being of a good size and briefly comprises: 2/3 bedrooms, lounge, kitchen and bathroom. External Patron's car parking facilities for circa 100 cars. There is a lawned Beer Garden and a paved patio area. At the front there is also a designated smoking area with retractable awnings. Private parking facilities for circa 6/8 cars.

Location:

This highly desirable inn resides in the stunning and unspoilt county of Staffordshire in the delightful village of Spot Acre and can be easily reached from junction 15 of the M6 motorway. Situated twixt Stafford and Stoke on Trent, the beautiful village of Spot Acre has a variety of attractions including many circular walks. With easy access to the M1, M42, M69, M5 and M6 makes this bustling location an extremely popular commuter area for the major motorways and the major international airports of Birmingham and East Midlands. This superb inn is ideally situated to draw trade from Spot Acre itself and also attracts a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas and has an excellent level of passing and repeat trade from visitors and tourists coming from afar to this beautiful and particularly popular region.

Other information

Trading hours:

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

Monday - Sunday - 11.00am - Midnight

The current trading hours are as follows:

Monday - CLOSED

Tuesday - Saturday - Midday - 3.00pm & 6.00pm - 11.00pm

Sunday - Midday - 11.00pm