Bar / Nightclub for saleNew Bolingbroke
- Business for sale
Stunning rural location in the village of New Bolingbroke
Excellent reputation with the local community
Turnover £200,000 pa at 60% gross margins
Early viewing a must to fully appreciate
Imposing 2 storey Victorian property
Leasehold option available
Potential for letting rooms
Scope for growth
Free of Tie
This character public house/restaruant is located in a pituresque and unspoilt area of rural Lincolnshire ideally situated close to the A16 and A52 for easy access to Boston, Horncastle, Woodhall Spa, the Lincolnshire Wolds and the coast. New Bolingbroke is a charming hamlet with stunning countryside veiws and big skies. The property is an imposing brick and rendered 2 storey Victorian building with a wealth of character which has been well extended. The business is set in its own grounds with large gardens and ample car parking.
Well maintained and presented imposing two storey Victorian public house and restaurant with high quality owners' accommodation to the first floor.
GROUND FLOOR - Main entrance with original flooring leading to:- Main lounge bar with a range of comfortable bench seating and quality freestanding furniture, feature fireplace and bar stools, possible 30 covers. Ladies and gents toliets. Fully equipped bar with chilled drinks display cabinets and coffee machine and the full range of optics and beer dispensing equipment including two hand pumps. Utility area with glasswasher and freezer and rear access to the yard and storage outhouses. Door to well fitted ground floor cellar with easy access for delivery, room temprature controller, remote beer/lager cooler and CO2 blanket system. Access to kitchen. Games/lounge room with pool table and 42 inch television. Door to large purpose built very comfortable L shaped restaurant with carpet to the floor, full carvery unit, high quality tables and chairs for 36 covers and fire exit. Door to fully fitted stainless steel commercial kitchen with 6 burner range, 4 burner range, Salamander grill, deep fat fryers and char grill. 3 door counter fridge, 2 door counter freezer. Large fridge, commercial dishwasher. Double commercial sink unit, hand washing sink. Commercial microwave oven. Door to dry store and central staircase leading to -
FIRST FLOOR LANDING. Door to owners accommodation comprising:- 3 double bedrooms (one with fitted furniture), one large single bedroom (currently used as an office), fully fitted bathroom with three piece suite and shower cubicle, large fully fitted kitchen with integrated appliances leading to comfortable dining area. Large newly decorated lounge. Linen/airing cupboard and large storage cupboard.
FIRST FLOOR LANDING. Door to newly decorated self contained flat comprising:- double bedroom with fitted wardrobes and full en-suite facility, kitchen diner with wall and base units and fitted appliances and large lounge with stunning countryside views. Can sleep 5. Ideal holiday let.
EXTERNAL - Large gravelled car park for 30 plus cars, large tarmac area to the front of the property with hanging baskets, further parking to the side of the property, gardens to the rear and side of the property with a range of wooden furniture, patio area with wooden garden furniture and parasols, smoking shelter, separate brick built/rendered property, currently used for storage but would easily convert to a s/c holiday/permanent let. (STPP)
Meridian Business Sales are delighted to offer to the market this superb and well respected public house/restaurant that has been in the hands of our clients since 2007 and is now only being offered to the market due to our clients desire to take well earned retirement. During our clients stewardship they have completely refurbished all areas of the business culminating in a true walk-in and trade business. Our clients have continually improved the business introducing new income streams which shows in the year on year growth of the business. Our clients inform us that the current turnover is £200,000 pa with a gross margin of 60%. This is derived from offering good quality pub food using local fresh produce such as locally farmed beef and vegetables. Our clients have built up an excellent reputation within the local community and attract customers from a wide radius which enables the business to trade on an all year round basis which is unique for a destination establishment. Further business highlights is that the property is privately owned with no brewery ties hence the 60% gross margins and weekday trade is enhanced by 3 darts teams, 2 pool teams and a dominoes team which the owners sponsor. The business also comes with a chance to provide letting accommodation which would further enhance the turnover and due to the lack of letting rooms in the area this would be a desirable addition. Meridian Business Sales urge early viewing of this superb opportunity to fully appreciate the quality and future growth potential.
Financial Profile & Tenure
Turnover: £200,000pa - Gross profit: 60%
Stock approximately: £5,000
We are advised freehold
Mon, Tue & Thur: 4:00pm - 11:00pm
Wed & Fri: 12:00pm - 2:00pm > 4:00pm - 11:00pm
Sat & Sun: 12:00pm - 11:00pm
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