1 bedroom pub for sale

High Street, NN29

299 sq. m. | £60,000

Property Description

Commercial information

  • Business for sale
  • 3,218 sq ft (299 sq m)

Key features

  • LEASEHOLD
  • FREE OF TIE AND PRIVATELY OWNED
  • 60 COVER RESTAURANT
  • FUNCTION ROOM

Full description

Tenure: Leasehold

LOCATION
The 19th Hole pub is located in the village of Irchester, Wellingborough, Northamptonshire.

The business is situated in a corner property directly facing the library. There are two pubs, a working men's club and a sports club in the village, however, this pub is close to the local shops and houses. This is a densely populated area but also benefits from other retail businesses. Around the area is a pharmacy, hair dressers and more. From the property is a view of the spire of the village church which is very beautiful.

The business is located on High Street which is a main road in the village. It runs from the A45 and connects to the A509. There are many public transport links in the town and the closest bus stop is just a short walk away. The village is approximately 15 miles away from Kettering and around 15.5 miles from Northampton, and three miles from Wellingborough. This area is fantastic for commuting to other towns.
BUSINESS
Hilton Smythe is delighted to welcome to the market The 19th Hole. This pub was taken over by our clients in 2003 who are now looking to sell the business due to the desire to take a well-deserved retirement. This is a brilliant profitable pub with loyal repeat trade.

The pub is located in a highly populated village (some 5000 residents) and receives much of its trade from the locals. The current turnover for the business is approximately 136,000 per annum with a gross profit of 55%.

This turnover is fantastic however we feel this could be increased in several ways, such as increasing opening hours. The premise has a large function and restaurant area which is used for serving food. The function room could be promoted more in the village to boost party trade. The business does receive regular bookings for business meetings, weddings, funerals, Sunday lunches, curry nights and could benefit from more private functions.

The business has a great sized kitchen which is used by the restaurant and for an outside catering service. The pub also offers outside bar equipment which generates an extra income. This is mainly used by the local community halls. The new owner should look to set up a website to advertise the business and all the services available. This will attract trade from more further afield.

In the area there is planning permission sought for 160 houses towards the back of the pub. There is also another 140 houses to be built around the village. This will be brilliant for the pub as it is a chance to boost the custom and therefore increase turnover.

Sited midway between large towns makes it highly attractive to be developed as destination venue.

Above the pub is the owner's accommodation which would be perfect for a purchaser looking to relocate to the area. The accommodation does currently have 1 bedroom however there is space to increase this.

This is a fantastic opportunity for a purchaser looking to buy a successful profitable pub. Hilton Smythe highly advise early viewing to avoid disappointment.

PREMISES
The property boasts a large 2 storey corner premise. The front of the property is well signed and clear to passing trade.

Inside the pub is the open plan bar area with covers of up to 47, there are also 7 bar stools. The bar is fully fitted and is welcoming to customers.

Equipment in the main bar area includes-
Seating
Tables
Flat screen tv's
Games machine
Pool table
Bar
7 x Pumps
Double door drinks chiller
Single door chiller
Hand wash
Glasswasher
Till

From the bar area is a passage that leads through to the ladies and gents toilets and the function room/restaurant area. The function room has a generous amount of covers of around 60. This space benefits from a separate fully fitted bar with 4 pumps. Equipment includes-
Glass washer
Filter coffee machine
Double door bottle chiller

Between the two bars is the kitchen which is fully fitted with stainless steel equipment such as-
Commercial single stainless steel sink with two drainers
Ice machine
6 burner cooker
4 x Pot Bain Maries
Hot cabinet
Grill
2 x Microwaves
1 x Upright freezer
Hand wash
Extraction system
4 x Stainless steel preparation tables
1 x Upright refrigerator

On the first floor of the property is a double bedroomed owner's accommodation. However some of the space is currently used as office space but could be changed back to accommodation. The floor consists of a double bedroom, bathroom, kitchen and two other rooms.

To the rear of the premise is a brick built building which has three sections this is used for storage. There is also a smoking area and an outside seating area. The property also comes with a large carpark with space for around 26 cars.

TENURE
We are advised the business is Leasehold.

Original lease length: 15 years
Remaining lease length as of 2016: 2 years,
Rent: 1,550 per month

There is also the possibility to purchase the Freehold of the property at the end of the two years, as a separate option to be negotiated with the landlord.

HOURS
The business is open-

Monday - Saturday: 12pm - 11pm
Sunday: 12pm - 8:30pm
The business has a supper licence which extends the use of the restaurant area by an hour, if required.

STAFF
The business is run and managed by our client with the help of 4 part time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 136,000 per annum.
With a gross profit of around 55%

Nearest station

  • Wellingborough (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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

  • Wellingborough (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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.

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