3 bedroom pub for sale

LEICESTERSHIRE

£349,995

Property Description

Key features

  • Thriving semi-rural Leicestershire village location only 3 miles from Melton Mowbray, within easy reach of Leicester, Nottingham and Loughborough.
  • Bar/Snug (circa 40+) with exposed stone & brickwork & exposed wooden ceiling beams.
  • Restaurant (circa 20 covers) with exposed brickwork.
  • Dining/Function/Multi-Use Room (circa 100+) with Reception Room/Bar, exposed wooden beams/rafters.
  • Fully equipped Commercial Catering Kitchen.
  • Attractive grassed garden area to the front: Block paved patio area with an original Well to the rear: 6 Petanque Pistes: Car Park: Smoking solution.
  • 3 Bedroom Owner's Accommodation.
  • Advised turnover is 330,768 (incl.VAT) to year end 31st March 2015 with forecast turnover to March 2016 similar. Achieved on reduced hours (through lifestyle choice).
  • Trade split is approx 60% Wet: 40% Food sales.

Full description

Tenure: Freehold

REF: 7733 FREEHOLD




A FABULOUS OPPORTUNITY TO PURCHASE A THRIVING POPULAR FREEHOLD INN IN A SOUGHT AFTER LEICESTERSHIRE VILLAGE LOCATION

LOCATION

The business sits on a large plot located in the lovely Leicestershire village of Asfordby only 3 miles outside the well-known town of Melton Mowbray. Asfordby itself has a popular primary school, village shops and amenities, a church and a Parish hall. Local points of interest include the University Town of Loughborough (13 miles) and the famous tourist attractions of Rutland Water and the Vale of Belvoir are only a short drive away. The cities of Leicester (17 miles) and Nottingham (20 miles) are also within easy reach. The nearby motorway and road networks are excellent with the M1, M69, M6, A1, A46 and A606 all within easy reach.

THE PROPERTY

This desirable village inn is of brick construction, sitting under a pitched slate roof on the main road running through the village. Entrances to the front, side and rear of the property provide access to all the trading areas. These consist of:

Bar/Snug (circa 40+ plus standing) is full of character and rustic charm. The room has loose tables and chairs and upholstered perimeter bench seating complimented by several fireplaces, wooden bench pews and a carpet and flagstone floor. Exposed wooden ceiling beams look down on an attractive stone built bar server offering 2 cask hand pulls with other areas of exposed stone and brick walls. The room also has a darts throw, SWP/AWP, projector/retractable screen, juke box and wall mounted HDTV. A lovely little snug area leads off to one side that is a popular customer's choice when it is free.

Restaurant (circa 20 covers) is a well presented and elevated area in the centre of the property. Loose tables and chairs sit on a fully carpeted floor beneath exposed wooden beams and areas of exposed brick walls. This is complimented by attractive flock wallpaper and an unused ornate fireplace.

Dining/Function/Multi use Room (circa 100+ standing / circa 60 seated) is to the rear of the property and has loose tables and chairs sitting on an oak floor able to be laid out to suit the occasion. Exposed brickwork, wooden roof beams and rafters provide an open ceiling that looks down on a large carvery unit to one side. Double doors at one end open out onto the rear garden area where a marquee has previously been used for larger parties. A reception room with a wooden bar server, exposed brick walls and a blind covered glass ceiling leads off. This room can be used as desired and as well as providing a popular Sunday carvery is used for functions, parties, meetings etc.

There is a fully equipped commercial Catering Kitchen with stainless steel appliances and surfaces (equipment not tested) with dry goods store leading off.

Below Ground floor Beer Cellar with python system, pumps and remote etc.

Ladies, Gents, Accessible WC's.

OWNER'S ACCOMMODATION

The owner's accommodation is located on the 1st floor. This briefly consists of 3 Bedrooms (2 double/1 single), Lounge, kitchen, bathroom and office.

EXTERNAL

To the front of the property is an elevated grassed garden area with wooden picnic benches (c24), beautiful floral planters and views of the village. To the rear is a good sized block paved garden area with further wooden picnic benches (c30+), an area of astro turf and even an original well all set beneath a fabulous weeping willow tree. Also to the rear is the patron's car park for circa 30 cars and a floodlit petanque court (12m x 20m - 6 pistes) with a raised central viewing area to include garden furniture tables and chairs. To the side of the property is a covered smoking solution and a good sized outbuilding that is suitable for alternative use. This area was previously used as a skittle alley/function room but is currently derelict and unused (only for storage). We are advised this area has previously been granted PP (now expired) to create 4 En-suite letting rooms.

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:
Sun - Thurs 12noon to 12.30am
Fri - Sat 12noon to 2am

Current opening hours are:
Mon - Thurs 5pm to 11pm
Fri/Sat/Sun 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 property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected (no services tested). Business rates payable are advised as being circa 6,500 per annum.

THE BUSINESS

The current owners purchased the business in December 2006 and have since operated as both lessees and freeholders. Over the past 10 years they have created an excellent reputation for offering drinks and quality home cooked food to a repeat and loyal clientele. Due to personal reasons our vendor clients are reluctantly now selling this freehold property. The business is currently operated by the owners themselves assisted by 1 full and circa 9 part time/casual members of staff. It is at the centre of the local community and plays host to 6 darts teams and 7 Petanque teams. Also provided is regular live entertainment, themed food events (inc Sunday carvery, steak stones and pie nights), BT Sports and regular parties and functions. We are advised that accounts declare takings of circa 330,768 (incl. VAT) to year to end 31st March 2015 with forecast turnover to March 2016 being similar. This has been achieved on a trade split of 60% wet sales and 40% food sales and through lifestyle choice on reduced opening hours. New owners could continue to operate the business using the same highly successful formula or may even wish to take the business to the next level by taking advantage of the obvious opportunity to extend the opening hours whilst looking at developing the outbuildings to provide a letting offer or even a small brewery.

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

Nearest station

  • Melton Mowbray (2.6 mi)
Distances are straight line measurements from centre of postcode

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

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

  • Melton Mowbray (2.6 mi)
Distances are straight line measurements from centre of postcode

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

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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