3 bedroom pub for saleLEICESTERSHIRE
Ref 7831 LEASEHOLD
WELL PRESENTED DESIRABLE AND POPULAR INN WITH 40 COVER RESTAURANT LOCATED IN THE HIGHLY AFFLUENT SOUTH WEST LEICESTERSHIRE VILLAGE OF GILMORTON
• Prime and prominent location in the highly sought after and expanding South West Leicestershire village of Gilmorton only 3 miles from Lutterworth and within easy reach of the M1 Junction 20.
• Bar Area (circa 20+ plus standing) with comfy leather settees and an attractive exposed brick built fireplace.
• Restaurant (40 covers) with 2-part layout and exposed brick built fireplace : Waiting area with bar server offering 5 Cask ales.
• Substantial 3 double bedroom Owners' Accommodation with private entrance.
• Large Al Fresco rear Patio Area with heated and lit smoking solution : Large enclosed grassed Garden Area able to accommodate 3 marquees (occupancy 100+) for events and functions : The only Beer Garden in the village.
• Advised turnover circa £260,909 (incl. VAT) for year ending May 2016.
• Trade 60% Wet ; 40% Food.
• Marston's Brewery Lease with target related discounts.
A FABULOUS OPPORTUNITY TO ACQUIRE AN ESTABLISHED BUSINESS WITH UNTAPPED OPPORTUNITIES IN AN AFFLUENT LEICESTERSHIRE VILLAGE
This popular inn is located in the highly regarded South West Leicestershire village of Gilmorton that sits within touching distance of the Leicestershire, Warwickshire and Northants borders. The village of Gilmorton has a highly sought after Primary school with a reputation for being the best school in Leicestershire and an award winning village shop, with a population of over 1,000 and increasing as new housing developments are approved and are due to start being built shortly. Being only a short drive from Junction 20 of the M1 makes the property well placed to be accessed from all areas. Local points of interest include the thriving market towns of Lutterworth (3 miles), Market Harborough and Rugby (8 miles) away. The tourist magnet of Foxton Locks is also 8 miles drive away.
This impressive 2-storey inn is of brick built construction, sitting beneath a pitched, tiled roof and occupying an excellent prominent position on the main road running through the village.
A small entrance porch to the front of the property provides access to all the modern looking trading areas. These consist of: Bar Area (circa 20+ standing) is a well presented room with a warm and welcoming atmosphere. The room is fully carpeted with an assortment of loose tables, comfy leather settees, chairs and leather poufs. The room also has an attractive exposed brick built fireplace with an open coal fire and a wall mounted HDTV above. There is also a small bar server of wood construction.
Restaurant (40 covers) is a highly attractive 2-part room with a relaxed and comfortable feel. This well presented room has loose tables and leather dining chairs sitting on a laminate wood effect altro floor. The room is able to be laid out as desired to suit the occasion. There is below dado wood cladding to the lower walls and an attractive exposed brick built fireplace with open coal fire.
Between both the trading areas is an attractive Snug/Waiting Area with a well-stocked and very well presented wooden bar server offering 5 cask ales and a comprehensive selection of drinks.
Ladies and Gents W.C.'s
There is a fully equipped Commercial Catering Kitchen with stainless steel appliances and surfaces (appliances not tested) and a 5* EHO rating. There is also a prep/dessert area and wash up. Below ground floor Cellar with python, remote etc and a separate bottle store providing additional storage facilities.
The spacious owner's accommodation is situated on the 1st floor and briefly comprises: 3 double bedrooms, a large spacious Lounge/Diner (suitable for small meetings etc), Kitchen, Office, Store Room and Bathroom with separate toilet. The owner's accommodation also has a separate private entrance.
To the rear of the property is a large slabbed patio area with wooden picnic benches (circa 28 covers), a heated and lit smoking solution all surrounded by well-kept and established shrubbery borders. This leads directly through to the large spacious enclosed grassed Garden Area with further wooden picnic benches. This area is able to hold 3 marquees (occupancy circa 100+) in order to be able to hold events and functions throughout the year. This is the only Beer Garden in the village. To the side and rear of the property is the patron's car park providing space for circa 20 cars. There are also further outbuildings providing storage for fridges, freezers, dry goods, logs, coal etc.
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 - Sun 10.30am to Midnight
Current opening hours are:
Mon 5pm to 11pm
Tues - Sat 12noon to 2pm
Tues - Sat 5pm to 11pm
Sun 12noon to 9pm
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.
The business is offered for sale as a lease assignment with approximately 10 years remaining of the well-respected Marston's Brewery full repairing and insuring, renewable agreement. We are advised that the inn is fully tied on all products however attracts retrospective target related
discounts. We are informed that the rent is currently circa £25,664 per annum to be reviewed in August 2020. 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 £3,220 per annum.
The current owners purchased the business in May 2014 and have established a solid, loyal and repeat trading foundation offering locally sourced home cooked food to a very desirable clientele. The owners currently run the business themselves with the assistance of 4 part-time staff. Our vendor clients are looking to retire and are reluctantly selling the business in order to take life at a more leisurely pace. The business sits at the centre of the local community providing a great food offer and also hosts a monthly quiz, BT Sport, a darts team and has BBQ's and a bouncy castle in the summer months. We are advised that accounts declare takings of circa £260,909 inclusive of VAT for year ending 31st May 2016. This has been achieved on a trade split of 60% Wet and 40% Food sales. New owners could continue to operate the business using the same formula or take the business to the next level by exploring the opportunity of converting the large Lounge/Diner to accommodate small meetings or similar (subject to approvals etc), growing the functions and events offer in the external marquees and introducing fresh new ideas from their business plan.
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, 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.
(IX) All prices quoted are excluding stock at valuation.
Energy Performance Certificates (EPCs)
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