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3 bedroom pub for sale

LEICESTERSHIRE, BURBAGE, REF:6864 LEASEHOLD

Sold STC £64,950

Property Description

Commercial information

  • Business for sale

Key features

  • Well presented Restaurant & Bar in prime village location.
  • Situated in the large highly sought after old part of Burbage.
  • Lovely large open plan Restaurant & Bar (circa 90 covers).
  • 2 separate Snug Areas and Dining Conservatory.
  • Substantial 3 double bedroom owners accommodation.
  • External courtyard drinking area at rear. Unused field with potential use.
  • Advised turnover circa £402,438 (incl. VAT) for year ending January 2012.
  • Trade 72% food ; 28% wet.
  • Partially tied renewable lease with 11 years remaining.

Full description

Tenure: Leasehold

LOCATION
This fabulous business is located in the old part of Burbage village in Leicestershire which has a population of over 14,000. Burbage is effectively a suburb of the larger urban area of Hinckley & is part of Hinckley & Bosworth borough. It is considered to be a commuter location for large parts of Leicestershire, Warwickshire & the West Midlands. This is probably due to the fact it is less than a mile from the M69 (which links that M6 to the M1) and the A5. The village has its own small library run by the county council, two infant schools, the 1st Britannia Scout Group & a secondary school. There is a farmers market every first Saturday of the month. Leicester (with its famous National Space Centre) & Coventry are only 14 miles away.

THE PROPERTY
This delightful Restaurant & Bar is of brick construction, fully rendered to the front, under a pitched, part tiled & partial slate roof, occupying an excellent prominent position in Old Burbage village. A small entrance porch at the front leads to all trading areas.

The trading area is open plan with main Dining/Bar area (circa 32 covers). This lovely area has a warm & relaxed atmosphere. The room is fully quarry tiled with loose cushion covered wooden pew seating, loose farmhouse tables and wooden chairs. Chalkboard menus adorn the walls alongside local historic pictures & tastefully presented bric-a-brac. There is wooden cladding to the walls below dado level & this area is able to be screened & re-organised to accommodate the customer’s needs. Leading off is the Green Room (Circa 18 covers). This area is fully carpeted & has loose cushion covered wooden pews, tables and chairs. There is an electric fire & wood cladding below dado level. The Red Room (Circa 24 covers) is very well presented & has a lovely warm atmosphere. Fully carpeted & with loose cushion covered pews, tables and chairs also. There is an electric fire & local artist’s paintings hang from the walls and are readily available for purchase. The Conservatory (Circa 16 covers) is a fully carpeted area with loose tables, chairs and wooden pews. Patio doors lead out on to the external courtyard patio area.
There is a central Bar Servery of wooden construction with feature stained glass high surround.

Ladies and Gents W.C.’s.

There is a large and very well equipped Catering Kitchen, (equipment not tested). Leading off are areas to include a service area, wash up area & starter section & a sweet prep area that also provides further storage.

There is a below ground Cellar with further storage space.

OWNER’S ACCOMMODATION
The owner’s accommodation is situated on the 1st floor and briefly comprises: 3 double bedrooms, large lounge with fireplace, kitchen, office & bathroom.

EXTERNAL
To the rear of the building is a blocked paved courtyard area with garden furniture, swing seating & a large umbrella. There is also a large garage/storage area & small private enclosed garden area with a shed.
To the rear/side of the property is a lined car park for circa 22 cars. Also to the rear of the property is a good sized field that is currently only used on bonfire night & provides potential for alternative business use.

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- Sat 11am to midnight
Sunday Noon to 11.30pm

Current opening hours are:
Mon 6.30pm to close
Tues - Sat 12noon/2pm 6.30pm/close
Sunday 12noon to 4pm

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

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 11 years remaining of the Punch Taverns full repairing and insuring, renewable agreement. We are advised that the Restaurant & Bar is free of tie for wines, spirits and soft drinks. We are informed that the rent is currently £43,668 per annum to be reviewed in July 2013. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from mains services (no services seen or tested). Business rates payable are advised as currently being circa £12,900 per annum.

THE BUSINESS
The current owner’s purchased the business 16 years ago & over the years have established a very solid food led trading foundation with a loyal, repeat and desirable clientele. They have built and grown an excellent reputation as a quality Restaurant & Bar offering high quality food and drinks in superb comfortable surroundings. The business is currently run by the owners assisted by 3 full & 10 part time members of staff. We are advised that accounts declare takings of circa £402,438 inclusive of VAT for year ending January 2012 – 72% Food & 28% wet sales. We calculate the reconstituted profits for 2012, after adding back amortisation, depreciation and one off costs in excess of £36,000. New owners could continue to operate the business using the same successful formula or they may wish to take the business to the next level by exploiting the potential of developing the unused field or private garden area.

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

This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.

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 (note; 1ft. = 0.348 m), 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.

Energy Performance Certificates (EPCs)

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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Disclaimer

Property reference 6864. 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.