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Restaurant for sale



Property Description

Full description

Tenure: Leasehold



Grade II listed landmark property located on Donut roundabout in the centre of the bustling market town of Chesterfield close to the University campus and a brand new 89-bedroom hotel development.

Bar Reception area (circa 10 plus standing) with an attractive Derbyshire stone fireplace, a built in log burner and solid oak floor.

Restaurant (28 covers) with exposed wooden beams to the ceiling and walls and an ornate open fireplace to one end.

Enclosed flagstone Patio garden area (circa 24 covers) with iron tables and chairs, a small attractive lit up corner pond and a live fig tree.

Fully equipped commercial catering kitchen.

3 bedroom owners' accommodation with exposed beams throughout.

This business is currently closed.

Highly desirable totally 'Free of tie' lease with an attractive rent.


This property is located in the centre of the bustling Derbyshire market town of Chesterfield and sits directly on the landmark Donut roundabout only a stone's throw from the university campus. Chesterfield town centre is thriving and has major mainstream shops and facilities all set around the famous 14th century church with its very much talked about crooked spire. Being en-route to the tourist magnet Peak District National Park other local points of interest include Chatsworth House, Hardwick Hall and Bolsover Castle. The famous steel city of Sheffield is only 12 miles away and the surrounding countryside attracts walkers and tourists all year round. The nearby motorway and road networks are excellent with the M1, M18, A1, A6 and A38, close by.

This lovely Grade II listed property has parts dating back to the 15th century and was originally in times gone by an actual Post Office. The property is of fully rendered brick construction sitting under a pitched tiled roof. Entrances to the front or side provide access to the trading areas. These consists of:

Bar Reception area (circa 10 plus standing) has exposed wooden beams to the ceiling and a solid oak floor. To one end is an attractive Derbyshire stone built fireplace with built in log burner. To the other is a bar server of wood construction offering flash cooler draught dispense. A few steps lead up to:

Restaurant (28 covers) with assorted loose tables and chairs all sitting on a fully carpeted floor and able to be laid out as desired. Exposed wooden beams to the walls and ceiling are complimented by an ornate open coal fire to one end of the room.

Ladies and Gents W.C.'s.

There is a fully equipped commercial catering kitchen that leads off from the restaurant with a walk in fridge and dry goods store directly outside the back door. There is a below ground floor Cellar providing plenty of storage space.

The quirky owner's accommodation is situated on the 1st floor and has exposed wooden beams and joists throughout. This briefly comprises of 3 bedrooms (1 easily converted to a kitchen), a character lounge with open coal fire and a bathroom.

To the rear of the property is an enclosed 'secret garden' area with loose iron tables and chairs (circa 24 covers) all sitting on an attractive flagstone floor. Colourful potted shrubbery borders are complimented by a small lit pond sitting in the corner and an overhanging and highly producing fig tree. There is no car park for this business however pay and display parking is readily available directly across the road.

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 10am to midnight
Sun 12noon to 11.30pm

Current opening hours are:
Currently closed

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 3 years remaining of the privately owned fully repairing and insuring, agreement. We are advised that the restaurant is totally 'Free of Tie'. We are informed that the rent is currently 16,632 per annum to be reviewed in 2019. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently being circa 1,500 (TBC) per annum.

The current owners purchased the business in 2011 and immediately established a solid trading foundation offering quality home cooked, locally sourced food to a loyal, repeat and desirable clientele. The business was recognised in 2014 and 2015 by being voted Restaurant of the year in the Chesterfield (and surrounding area) Food & Drink Awards. Unfortunately, due to our vendor client's other business commitments away from the town the business closed in June 2015. Given the landmark location of this property and with an 89-bedroom hotel due to open directly across the road in early 2017 in our opinion this property offers new enthusiastic owner operators considerable potential to launch and introduce a brand new food offer. This could be of any variety or theme such as bar/bistro or Mediterranean food for example.

There is no accounting information available for this business. *Please note marketing photographs were taken when the business was open and trading.

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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