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Successful Pub In Sutton In Ashfield For Sale

Sutton-in-Ashfield, Nottinghamshire, UK
Asking Price:
£279,995 Furniture / Fixtures included
Turnover:
£200K - £500K
Net Profit:
£100K - £250K

Freehold Public House – 100% wet led
Excellent year on year profitability
Great opportunity to increase turnover
Multiple income streams
Established community local
3 bedroom owners accommodation

Business Description
We are delighted to offer for sale The Market Inn which previously traded as a working men’s club before being converted into a pub approximately five years ago. Huthwaite in Sutton in Ashfield was previously well known as mining town dating back as far as the early 1800’s.
The Market Inn is a detached 3 story property locals pub that boasts a very loyal customer base and is the focal point within the community. The property has been in the careful hands of the current owners for the past 5 years who are reluctantly selling due to personal reasons and also to seek other business interests. Since ownership they have totally refurbished and redecorated and there has been considerable investment in new double glazed windows and doors. Fixtures and fittings which are all bought and paid for and included within the sale price. This is a huge plus for a new owner as additional funds will not need to spent for some time. The Market Inn is managed day to day by a team of 4 full time staff and 1 part time member of staff. The owners oversee the running of the pub but do not work on a daily basis.

Financials:
The pub expenses have been streamlined to ensure maximum profitability. The annual turnover is approximately £350,000 (net) with an average weekly net turnover of between £5000 - £6000, all achieved through wet sales only.
Significant additional income is also generated through three gaming machines, lottery cards and a very busy pool table. Further breakdown of financials/accounts are available upon application.
In addition to day to day trade, the pub is very well supported by two pool teams, 1 darts team and regular events, functions and themed nights all year round. The pub has a music license and is also permitted to offer take-away alcohol sales.
The pub also benefits from a music speakers throughout and 13 camera CCTV system.

This is a superb opportunity to purchase an established business where all the hard work has been done which is a great base to build upon and with the introduction of a basic food offering, increased profits could be achieved.
Early viewing is highly recommended as this gem is not to be missed.

Opening Times
Monday – Sunday – 12 midday – 9.30pm

Licensed hours:
Monday – Saturday – 10am – 12 midnight
Sunday – 12 midday – 12 midnight

Other license info:
The pub is also licensed for regulated entertainment and also benefits from a late night refreshment provision.

Ground Floor
Front – accessible via entrances fronting Main street or rear gate from Market Square
Main Bar comprising: tables & chairs to cover (50), with a official capacity of (120), main bar servery with several beer pumps, stainless hand wash basin, commercial glass wash machine, till system, 1 x double door under counter drinks fridge and double fronted wine fridge, shelved glass storage areas.
3 x gaming machines, pool table (to be purchased separately if required), dart board and lottery card machine.
Snug Bar comprising: free standing tables and chairs (15), separate bar servery connected to main bar.
Kitchen area comprising: all necessary catering equipment – could easily be extended and converted in to a full commercial catering kitchen.

Ancillary Areas
Ladies W/C: wash basin, toilets and wall mounted hand dryer.
Gents W/C: stainless steel urinals wash basin and 2 x toilets
Basement Cellar –Air conditioned with two fully functional coolers. Road side access – all equipment owned outright and included in sale

First Floor – self contained owners accommodation
Large lounge kitchen area with all white goods included
1 x double bedroom
Toilet area
Large bathroom/shower area

Second Floor – self contained owners accommodation
1 x Double Bedroom
Toilet room
1 x Office area (or double bedroom)

External
Sheltered Smoking shelter. (20), Free standing tables and chairs
Grassed beer garden area with benched seating (55).

Other information
EPC Rating C
Mains electric
Mains gas
Food hygiene rating (5)

Viewings strictly by appointment only through our offices

Property Information

Property:

Freehold

Living Accommodation:

Self contained 3 bedroom owners accommodation spilt over the first and second floors.
Also includes:
Lounge/kitchen area
Toilet room
Bathroom with large shower area

Location:

The Market Inn occupies an enviable and prominent market square location fronting Main street in Huthwaite, near Sutton in Ashfield, Nottinghamshire.
The town is ideally located, 4 miles west of Mansfield, 2 miles from the Derbyshire border and 12 miles from the north of Nottingham. Huthwaite’s local amenities and customer base are on the pubs doorstep as it sits amongst many chimney pots, corporate retailers, including Tesco, Co-Op, Ladbrokes and The Post Office with smaller independent retailers and several take away outlets all within a short walk.
The town is also covered by extensive bus and rail networks.

Energy Performance Rating:
C

Business Operation

Expansion Potential:

Further income/profit could be generated through the introduction of a basic food offering.
Owners accommodation could be split and used as rental flats.

Reasons for selling:

Personal reasons and to pursue other business interests

Years established:
5

Other Information

Support & training:

The owners would be willing to offer support through a hand over period for the purchaser> terms to be pre agreed.

Inventory / Stock value:
£7,000
Website:
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Related Documents:

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