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Restaurant for sale

2147. Lock House Restaurant, Trent Lane, Great Haywood, ST18

£550,000

Property Description

Commercial information

  • Business for sale

Key features

  • Occupies substantial premises located in a picturesque canal-side setting
  • Benefits from ample car parking and 2 mooring points on the canal side
  • Established in 1988 T/O 160,687 per annum GP 67%
  • Boasts owners' accommodation and two letting rooms

Full description

Tenure: Freehold

Location
Lock House Restaurant occupies substantial premises located in a picturesque canal-side setting in Great Haywood, Staffordshire. The restaurant benefits from ample car parking and 2 mooring points on the canal side. Great Haywood is home to Haywood Junction, where the Staffordshire and Worcestershire Canal terminates and meets the Trent and Mersey Canal. The premises are based close to the historic Shugborough Hall, where there are a large number of annual events attracting many visitors. The business has good access to the A51, which is less than 1 mile away, and to the town of Stafford, which is approximately 5 miles distant. Junction 13 of the M6 motorway is approximately 8 miles to the southwest.

Business History
Preferred Commercial is delighted to offer for sale this popular restaurant, which was established by our clients in 1988 and which is only now presented to the market due to our clients' wish to retire. The substantial premises are set in an idyllic location and benefit from a large canal side seating area with panoramic views across the countryside. The traditional detached property has the benefit of a converted boat-house, which is used as an additional seating area with views across the canal. The business also boasts owners' accommodation and two letting rooms. Our clients have established an excellent reputation, which ensures much repeat trade, and the restaurant is popular with local residents and visitors alike. The business is currently run at a pace to suit, trading seven days per week, and generates a turnover in the region of 160,687 with a gross profit of 67%. We feel there is further potential to increase the turnover by extending the opening hours to offer evening meals and, perhaps, breakfast. There is also scope to rent out the two letting rooms, which would create additional income. This is an ideal opportunity to acquire a popular and already profitable business, which is set in a fantastic location. Early viewing and negotiations with Preferred Commercial must come highly recommended.

Financial Details
T/O: 160,687 approx.
GP: 67%

Opening Hours
Mon - Sun: 10.30am to 3.30pm

Accommodation Details
2-storey brick built detached restaurant premises with canal side moorings. Briefly comprising:

Ground Floor
Restaurant with feature exposed beams, wooden tables and chairs for approximately 50 covers, 2 x feature fireplaces with gas fires, bar servery with 2 x points of dispense, wine cooler, electronic cash register and warm serving counter with 7-pot Bain Marie
WC with disabled access
Commercial kitchen with 4-burner gas hob and oven, stainless steel work area, stainless steel extraction unit, tiled flooring, 6-burner gas range, grill, double sink unit, microwave oven, refrigerator and freezer
Staff room with fridge/freezer and tiled flooring
Cellar area with cooling system

First Floor
Owners' accommodation comprising:
Lounge with brick fireplace and gas fire
Bathroom with tiled floor and walls, shower, wash basin and WC
Bedroom with fitted wardrobes and views over the canal
Letting bedroom with separate access

Boathouse
Converted for use as seating area with log-burning stove
Letting room with separate access. Comprising:
Double bedroom with exposed beams and skylight
Single bedroom
Bathroom with shower, wash basin and WC

External
Large car park to front
Patio seating area to side overlooking canal and suitable for approximately 20 covers
Large garden area to rear with tables and chairs

Tenure
Advised freehold

Energy Performance Certificates (EPCs)

To view this property or request more details, contact:

Preferred Commercial, Nationwide

Lower House Farm Mansell Way, Horwich, Bolton, BL6 6JL

0844 871 1484 Local call rate

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Disclaimer

Property reference 2147. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Preferred Commercial, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.