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4 bedroom pub for sale

LINCOLNSHIRE REF: 5805 FREEHOLD

£350,000

Property Description

Commercial information

  • Business for sale

Key features

  • Substantial and attractive premises with striking Sea Views
  • External seating with views towards the Beach and Children's Swimming Pool
  • Essentially comprises Lounge Bar (circa 40) and Games Room (circa 20
  • Extensive owner's accommodation includes 4 bedrooms
  • Thriving business, under same ownership for 18yrs
  • Historical turnover circa £175,000+ (inc.) to Y/E Sept 06.
  • Trade split 75% wet 25% food
  • Of interest to Corporates, Pub Co's and Private Operators

Full description

Tenure: Freehold

LOCATION
The Lincolnshire Coast is host to two very different seaside experiences, the Fun Coast and the Rural Coast. The Fun Coast, stretching from Skegness to Mablethorpe is home to some of the finest seaside resorts in the UK. The most famous resort must be Skegness one of the UK’s top seaside destinations and famous for the Jolly Fisherman. Mablethorpe is an excellent resort with lots of fun for all the family and Sutton on Sea and Trusthorpe have a quality and charm all of their own. Between and beyond the popular beaches the haunt of wildlife thrives in the unbroken tranquillity of the Rural Coast. Gibraltar Point, Saltfleetby, Crook Bank, Moggs Eye and more all reward those seeking the natural coastline. It is a haven for nature lovers, birdwatchers, conservationists and romantics. These wild stretches of sand are some of the Lincolnshire’s greatest natural assets. A charming seaside village, Sutton on Sea has a tranquil and safe atmosphere. The award winning beach is the jewel in the crown on this lovely quiet resort. There is much to discover, the golden beach, Pleasure Gardens, paddling pool, tennis and crazy golf to name but a few activities to be found here.
Approximately 12 miles from Skegness along the A52 with all its amenities and just 3 miles from the resort of Mablethorpe where in the early 1800s as a young boy Alfred Lord Tennyson and his brothers were taken on holiday. Alfred & Charles later found lodgings and in 1827 published “Poems by Two Brothers” said to have been written in the town.

THE PROPERTY
The 3 storey property has 4 bedroom living accommodation over two floors with some rooms giving sea views. The Inn is situated just across the road from the main promenade, children’s pool and beach.

The Lounge Bar (circa 40) is a traditional bar with a lovely large prominent bar/servery. The Lounge Bar is to the front of the building with double uPVC sliding doors to the outside seating area. Furnished with upholstered perimeter seating and lightly polished tables it features a large screen TV and Satellite Television.

The Rear Bar / Games Room (circa 20) is of a good size with a pool table and darts area. There is access to the rear parking area.

Ladies and Gents W.C’s – situated between the two main bar areas.

Ground Floor Cellar is accessed from behind is accessed from the main Lounge

Bar and is well equipped with Flash coolers.

Fully equipped domestic galley kitchen has wall and base units and stainless steel preparation area. (Appliances not tested)
In addition there is a separate freezer, storage and preparation room.

OWNERS ACCOMMODATION
Set over 2 floors the extensive owner’s accommodation also features two mezzanine landing areas. The accommodation is currently arranged as; 3 double & 1 single bedroom, Shower Room, Family Bathroom, Kitchenette, Office/Study and large Living Room/Lounge. Rooms to the front of the building feature a sea view including the main Living Room. The office could be utilised as a further single bedroom, whilst the first bedroom would suit a further living room or reception room.

EXTERNAL
Through the uPVC double doors at the front of the property is the external seating area. This is a popular sun spot and is externally lit in the evenings. Disabled access.
The property has off road parking for owner’s and staff to the rear of the building.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon – Thurs 11.00am – 11.00pm
Fri – Sat 11.00am - Midnight
Sun Midday – 10.30pm

Current opening hours:

Mon – Thurs 11.00am – 11.00pm
Fri – Sat 11.00am - Midnight
Sun Midday – 10.30pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day NCPLH Course every 2 weeks. Please telephone us to reserve your place or book on-line at www.guysimmonds.co.uk

GENERAL REMARKS
The business is offered for sale freehold (Title Deeds not seen). We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested). Business rates are advised as currently being £2,920 per annum.

THE BUSINESS
The current owners took over the business in October 1989 as a family concern in this established business. This offers an ideal opportunity for new owner operators to continue with the excellent reputation that the current vendor client has achieved along with having the huge scope to take the food sales to the next level and increase turnover and profit accordingly.
Current sales are circa £175,000+ (inc) with 75% wet trade and 25% food. We calculate the reconstituted net profits (i.e. adding back finance costs, depreciation and other expenses) of a very impressive circa £49,000.
The asking price reflects the location and the current trading foundation. In our opinion the growth of the food trade will considerably increase turnover and gross profit. The inclusion of letting rooms is also a viable option for this high tourist traffic part of the country.
This is an absolutely superb business and lifestyle opportunity with genuine growth potential.

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

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

TRAINING: For a brochure and dates of our award-winning training courses leading to the relevant B.I.I, qualifications (and APLH). Telephone (01332) 865112 or view on www.guysimmonds.co.uk Courses are monthly.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.


To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

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Property reference 5805. 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 Guy Simmonds, National Licensed Property Agents. 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.