3 bedroom pub for sale

LEICESTERSHIRE

£44,950

Property Description

Key features

  • Traditional inn in prime location in the sought after village village of Kibworth Beauchamp.
  • Situated on the A6 between Leicester & Market Harborough.
  • Well presented open plan Bar/Lounge trading areas (circa 50).
  • Indoor multi functional Skittle alley & Function Room (circa 40).
  • 3 bedroom owners accommodation.
  • Block paved patio drinking area at the rear of the building.
  • Advised turnover circa 300,000 (incl. VAT) for year ending April 2016.
  • Trade 95% wet: 5% Food. High potential for increase in catering.
  • Partially tied renewable lease with highly attractive off invoice discounts.

Full description

Tenure: Leasehold

REF: 7045 LEASEHOLD

AN EXCELLENT OPPORTUNITY TO ACQUIRE A POPULAR WELL PRESENTED BUSINESS IN AN AFFLUENT DESIRABLE VILLAGE LOCATION WITH FURTHER POTENTIAL

LOCATION

This well presented business is located in the historic affluent South Leicestershire village of Kibworth Beauchamp just off the A6 sitting between Leicester and Market Harborough. Kibworth is a highly sought after catchment area for schools and recently featured in Michael Woods's popular TV documentary 'Story of England.' The village centre itself has a bustling lifestyle with many local shops, an historic church and a post office. Nearby attractions include the tourist magnet of Foxton Locks (5 miles), The popular Langton villages (2 miles), the famous market town of Market Harborough (6 miles) and Leicester city itself where all major shopping stores & outlets can be found is only 8 miles away.

THE PROPERTY

This locals' inn is of brick construction, with upper rendering & Tudor style beams, sitting under a pitched, tiled roof. The property occupies an excellent prominent position on the edge of the village centre close to one the main residential areas in the village.

A small entrance porch to the front of the property leads to all areas. The trading area is open plan with a large Lounge Bar (circa 50 plus standing). This substantial room is presented in exemplary standard & has a warm and relaxing atmosphere. The Lounge area is fully carpeted with fixed upholstered perimeter seating, loose tables & chairs. There is a feature real Log Burner set in a brick built hearth at one end of the room adjacent to a good selection of newspapers & magazines. Photographs of historic locomotive memorabilia adorn the walls making this the place to sit and relax especially in the cold winter months.
The Bar Area has a solid oak floor with fixed upholstered perimeter seating, loose tables, chairs & stools. This are also has 2 TV's, an SWP, AWP, Juke Box, Lottery machine & a darts throw. This leads directly into the pool table area with an attractive mosaic tiled floor.

There is a well stocked central bar servery of wooden construction with 3 cask ale hand pulls and a tiled floor surround to service all areas.

The Skittle Alley/Function Room (circa 40) is a multi functioning room that has the facilities to accommodate long alley skittles (with concrete floor diamond) and also table skittles & darts. The room can also be used for small functions, parties & meetings etc. Being fully carpeted with fixed upholstered perimeter bench seating, loose tables, chairs and stools, this room also has 2 wall mounted gas fires.

Ladies and Gents W.C.'s.

There is a small well equipped kitchen area with stainless steel work tops and appliances (appliances not tested). There is also a lower-ground floor cellar with 8 cask tilts, bottle store and additional storage.

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the 1st floor and briefly comprises: 2 double & 1 single bedrooms, lounge, fitted kitchen with small roof terrace, bathroom and separate WC.

EXTERNAL

To the rear of the building is a block paved patio area with aluminium garden furniture & wooden picnic benches in the summer months. Also to the rear of the property is a car park with parking spaces for circa 20 cars. Storage areas are plentiful with 2 double garages and an outside storage room for fridges and freezers.

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 11am to 11.30pm
Fri-Sat 11am to midnight
Sunday Noon to 11pm

Current opening hours are:
Mon - Thurs 11.30am to 11.30pm
Friday/Saturday 11.30am to midnight
Sunday 12noon to 11pm

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.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 1 year remaining of the Punch Taverns' full repairing and insuring, renewable agreement.

We are advised that the inn is free of tie for wines, spirits & soft drinks. Highly attractive off invoice discounts are available on a variable scale of up to 108 per barrel. We are informed that the rent is currently 37,338 per annum to be reviewed in 2017. 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 5,000 per annum.

THE BUSINESS

The current owner purchased the business 14 years ago and have established a solid, family friendly trading foundation with a loyal and desirable clientele being offered quality drinks and traditional bar meals. Currently operated by the owners assisted by 4 part time members of staff the business is at the centre of the local community. There are 2 pool and 2 darts teams and this is the only licensed business in the area with a skittle alley or pool table.
We are advised that accounts declare takings of circa 300,000 inclusive of VAT for year ending April 2016 - 95% wet & 5% Food sales. 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 obvious food potential and attracting additional trade from the village & nearby A6.

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.

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)

Nearest station

  • Market Harborough (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Market Harborough (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7045. 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 Business Transfers Limited , National Licensed Property. 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.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.