2 bedroom pub for sale

NORTHAMPTONSHIRE

£295,000

Property Description

Full description

Tenure: Freehold

REF 8032 FREEHOLD

IMPRESSIVE & UNOPPOSED CHARACTERFUL FREEHOLD INN WITH 50 COVER SELF-CONTAINED RESTAURANT LOCATED IN THE AFFLUENT PICTURESQUE NORTHANTS VILLAGE OF ARTHINGWORTH

Picturesque rural countryside location sitting on the Northants/Leicestershire border close to Market Harborough and only 2 miles from the A14 (J2).

Lounge/Bar (c50+) with exposed wooden beams and brickwork and an exposed stone-built fireplace with built in log burner.

Games Room (c12+) with skittles & Darts throw.

Restaurant (50 covers) also acts as multi-use room to accommodate weddings, functions, parties or meetings.

Fully equipped commercial catering kitchen WITH 5* EHO rating.

Spacious block paved courtyard area with central water feature and pergola : Patron's car park.

2 Bedroom spacious owner's accommodation.

Advised annual turnover of circa £275,295 (incl.VAT) to end 30th April 2018.Excellent reconstituted Net profits and trade split of 59% Food ; 41% Wet.


A VERY RARE OPPORTUNITY TO PURCHASE THIS LOVELY VILLAGE INN
AVAILABLE FOR THE FIRST TIME IN OVER 16 YEARS

LOCATION
This delightful well-presented inn is situated in the affluent picturesque village of Arthingworth nestled between the M1 and A1 and sits directly on the Northants/Leicestershire border. The village itself is only 2 miles from J2 of the A14 motorway and has an inn, a church, village hall and housing however is surrounded by other affluent villages and places of interest. The nearby towns of Market Harborough (6 miles), Northampton, Corby & Kettering (all 12 miles) and the city of Leicester (22 miles) are all within easy reach. Kelmarsh Hall (Grade I listed Palladian hall and gardens) is only a stone's throw away with Naseby, famous for the battle (6 miles) and the highly popular fisherman's paradise of Pitsford reservoir a short 9 mile drive away. The nearby motorway networks are excellent and the A14, M1, M6 and M45 all within easy reach.

THE PROPERTY
This lovely 18th century village inn is of rendered brick and stone construction sitting beneath a pitched, slate roof. Entrances to the front and rear (with disabled facility) provide access to all the trading areas. These consist of:
Lounge/Bar (c50+ plus standing) has loose tables and chairs complimented by upholstered perimeter bench seating all sitting on an attractive LVT wood floor. Exposed wooden beams to the ceiling look down on areas of exposed brickwork and an exposed stone built Inglenook fireplace with built in log burner sits at one end of the room. To the side is a small cosy snug leading off that sits opposite a small carpeted games room nicely tucked away with a skittles table and darts throw. A bar server of wooden construction offers 4 cask ales and there is a wall mounted HDTV. Double doors lead to:
Restaurant (50 covers) with loose tables and chairs all sitting on an attractive LVT wood floor and able to be laid out as desired and to suit the occasion. Hanging chandeliers, cloth covered tables and below dado cladding all add to the character and ambience of the room. This room is multi-use as well as being used as the main restaurant area it is also able to accommodate weddings, functions, parties or meetings and sectioned off for privacy.
There is a good sized fully equipped commercial Catering Kitchen with 5* EHO rating and stainless steel appliances and surfaces (equipment not tested). There is also a wash up, dry goods storage area, coffee prep area and walk in fridge. Fridge/Freezer storage room separate.

Ground floor Beer Cellar with 12 cask rack system, python system, pumps and remote.

Ladies, Gents and accessible WC's.

OWNER'S ACCOMMODATION
The spacious owner's accommodation is situated on the first floor and briefly consists of: 2 double bedrooms, large beamed lounge, beamed landing, kitchen and bathroom with separate WC.

EXTERNAL
To the rear of the property is a spacious block paved al fresco courtyard area (circa 70+) with wooden picnic benches and a wooden pergola. These are all set around a central water feature 'well' with surrounding established shrubs, pots, planters and baskets. To the rear and front of the property is the patron's car park with space for circa 14+ cars.

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 11am to midnight

Current opening hours are

Mon - Fri 12noon/3pm & 6pm/11pm
Sat/Sun (bank hols) 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 are being offered for sale freehold (although we have not had sight of the title deeds). We are advised that all mains services are connected (no services tested) and the business uses Calor for heating and electricity for cooking. Business rates payable are advised as being circa £12,105 per annum.

THE BUSINESS
The current owners purchased the freehold property in October 2001 and have since created an established business offering locally sourced home cooked food and drinks to a loyal, repeat and desirable clientele. Our vendor clients are now looking to retire from the business in order to take life at a more leisurely pace. The business is currently operated by the owners assisted by a 2-full time and c4-part time/casual members of staff. This unopposed business sits directly at the centre of the local community and not only plays host to the many clubs and societies that meet here on a regular basis but also looks after the many visiting ramblers, walkers, fishermen and cyclists that frequent the area all year round. The business also offers a shop facility, monthly quiz, annual beer festival and occasional entertainment whilst supporting in house skittles, darts, dominoes and crib teams. We are advised that accounts declare takings of £261,234 (incl. vat) to end 30th April 2018 achieved on a trade split of 59% Food, 41% Wet sales. New owners could continue to operate the business using the same successful formula or may wish to take the business to the next level. In our opinion this could be achieved by extending the opening hours, introducing a new food offer/menu.

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.


Energy Performance Certificates (EPCs)

Nearest station

  • Market Harborough (3.9 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 (3.9 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 8032. 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.

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