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Leasehold Pub Available In Polesworth For Lease

Polesworth, Warwickshire, UK
Asking Price:
£149,995 Furniture / Fixtures included
Turnover:
£390,000
Net Profit:
£50K - £100K

Leasehold Pub Available Near Coventry, Must Be Seen

Excellent year on year profitability

Great opportunity to increase turnover

Extensive beer garden

Established pub & restaurant business

Owners accommodation

Prominent Roadside location

Business Description

Commanding three storey property of brick construction under a pitched tiled roof, set in its own grounds incorporating a large 100 space car park and extensive beer garden with fantastic rural views to the rear.

The property is coming to market on a leasehold basis whereby a new 3 year rolling lease will be offered with tie on draught and bottled beers only.

Over the last 10 years, the pub has been well maintained by the owners and has recently undergone modernisation across all the trade areas. Open fire places and traditional yet modern features throughout not only ensures that the pub only appeals to its local customers, it also attracts visitors from further afield.

SellMyPub are delighted to offer for lease The Horse and Jockey which been operated by the current owners for the past 10 years, offering a consistent level of quality service and maintaining high standards to retain its popularity within the local community and its visitors. This is a superb profitable “turn key” opportunity for a potential new owner. The pub would suit hands on operators/family who will continue to build the business with enthusiasm and would maximise upon other revenue streams that the pub and its facilities offer.

The business benefits from an additional room to the right elevation which has been used previously as a local farm shop and could easily be converted into a café or tea room. This could be operated as part of the business or be rented out to a third party. Fridges and seating included in the F&F sale.

The property also has a thriving function business and is regularly taking advantage of the large space to the rear of the pub. Functions range from birthday parties to christenings and wakes, with regular bookings coming in from the local community and business’s.

The surrounding areas will see an additional 12000 homes built over the next few years and 46 new houses being built with 1 mile of the pub are already underway.

Financials:

Trading accounts supplied to us by the owners show for the year ending March 31st 2019, a combined net turnover in excess of £390,000, converting to a very healthy net profit.

Rent: £2800 per month (including VAT)

More detailed current and historic information can be provided to seriously interested parties upon request.

Current Hours of Trade

Monday to Saturday: 12 midday – 9pm

Sunday: 12pm – 6pm

Licensed hours:

Monday to Saturday: 12 midday – 1am

Sunday: 12 midday – 11pm

Internal Details

Lounge bar with wooden flooring (seating 75), restaurant/snug area (seating 36), basement beer cellar easily accessed from the front of the pub, ladies, gents WC’s, very well equipped catering kitchen and storage areas.

Additionally, the trade areas comprise of additional items including:

U shaped bar operation

2 x dumb waiters

2 x wall mounted Tv’s

1 X projector and pull down screen

Glass fronted wine store

8 camera CCTV system

Full EPOS till system with two tills

External Details

Amazing rear lawned beer garden with benched seating for up to 300 and separate astro turfed patio area with its own outside bar is a huge draw for customer during the warmer months.

There are covered smoking areas to the rear of the pub with gas heater if required.

Car park (100 spaces).

Log store

2 x storage containers with maintenance equipment such a sit on lawn mower are all included in the sale.

Childs play frame

Owners accommodation: split over the upper two floors and is furnished throughout:

Kitchen area with dry store

Office

1 x Large living room with open fire

2 x Large double bedrooms

Bathroom and toilet

1 x Double bedroom with en-suite (shower)

Fixtures & Fittings

We are advised that all trade fixtures and fittings and equipment are owned outright with one exception of the outdoor pod which can be bought in addition to the F&F if required.

The pod itself can seat up to 16 people and benefits from mood lighting, Wifi connection and heating.

A considerable amount money has been spent on all fixtures and fittings for both trade areas and also in the commercial catering kitchen.

Staff

The business is operated by the current owners with the assistance of 13 part time staff on a rota basis.

Regulatory

Premises Licence.

Services

Main Water & Electric

LPG Gas

EPC rating: C

Viewings strictly by appointment only through our offices

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Location:

The Horse & Jockey occupies a prominent roadside frontage on the B4098 road and is surrounded by a mix of detached housing and open countryside. The village of Corley with its delightful medieval 12th Century church at its heart enjoys a rural setting and is very well placed with the hamlet of Corley Moor and the villages of Meriden and Fillongley close by with various amenities. Solihull, Birmingham, Coventry and Nuneaton are within 15 miles.
For access further afield, Corley has good connections to the local transport network with the M6, M42 and M69 close by.
Birmingham International Airport and train station are 10 miles away and Coventry station is less than 5 miles away, both with direct trains to London taking approx. 1hr 10mins.

Energy Performance Rating:
C

Contact SellMyPub Ltd

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