Pub for sale

Trafalga Inn, 101 St Leonards Drive, Chapel St Leonards, Skegness, Lincolnshire, England, PE24 5RD

£55,000

Property Description

Commercial information

  • Business for sale

Key features

  • Coastal resort town pub & restaurant
  • Adjusted net profit c.95,000
  • Lounge bar (65), raised seating area (26)
  • Family area (24), restaurant (66)
  • Car park & outside seating areas
  • 4-bedroom owner's accommodation. Energy Rating D

Full description

Tenure: Leasehold

Description

A prominently sited two-storey property, situated in the coastal town of Chapel St Leonards, Lincolnshire.

This property, which has a single storey extension to the rear, comprises a lounge bar, restaurant and family area.

There is a significant amount of development being undertaken in Chapel St Leonards, with two nearby campsites being extended as well as a new look out tower being built on the seafront, which is expected to open in summer 2017, which will provide a boost to local tourism.

The Trafalga Inn offers new owners the potential to develop the business by capitalising on the on going development in the area and increasing the currently limited food trade.

Location

The property is situated in Chapel St Leonards, Lincolnshire. Chapel St Leonards is an east coast resort town located approximately five miles from Skegness, close to Mablethorpe and Boston and a popular destination for holidaymakers from the north and Midlands who arrive via the A52 linking with Nottingham and the A158 to Lincoln.

Internal Details

Entrance vestibule, leading through to:
• Lounge bar (65) - with bar servery, raised seating area with loose tables and chairs, fixed perimeter seating, pool table and two AWPs
• Ladies and gents WCs - two sets of each situated at ground floor level
• Family area (24) - with pool table and loose tables and chairs
• Restaurant (66) - with loose tables and chairs, bar servery

Ancillary areas include a well equipped commercial catering kitchen modern equipment and cellar with bottle store.

Fixtures & Fittings

We understand that the trade fixtures and fittings are owned outright and will be included within the sale.

External Details

Terraced seating area to the front of the property, smoking solution to the side and a good sized car park.

There is an outbuilding currently utilised for food storage purposes and an enclosed barrel storage area.

We are advised that the property is connected to mains electricity, water and sewage. The property is serviced by a propane gas supply.

Owner's Accommodation

Good sized owner's accommodation is situated to the first floor, briefly comprising:
• Four bedrooms
• Kitchen
• Bathroom
• Living room

There is also a small roof terrace.

The Opportunity

The business has been owned and operated by our clients for the past 34 years and is available due to their decision to retire from the trade and pursue other interests.

The Trafalga Inn is situated within close proximity to a number of Chapel St Leonards' campsites and currently offers only a limited food trade. There is a good opportunity for new owners to further develop the business by increasing the food offering and taking further advantage of the tourism trade.

Trading Information

To the year ending 09 September 2016, the business produced a turnover of approximately £360,000. We have realistically calculated an adjusted net profit in the region of £94,500 to exclude depreciation, director's drawings, family salaries and one-off purchases.

Trading information will be made available to seriously interested parties who have viewed the business premises.

Business Rates

We have made enquiries on the Valuation Office website and understand that the rateable value of the business is £27,750.

Regulatory

Premises Licence.


More information from this agent

Nearest station

  • Skegness (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Nottingham

Suite 402 Bridlesmith House 38 Bridlesmith Gate, Nottingham, NG1 2GQ

0115 798 0493 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

  • Skegness (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Nottingham

Suite 402 Bridlesmith House 38 Bridlesmith Gate, Nottingham, NG1 2GQ

0115 798 0493 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 5752287-lh. 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 Christie & Co , Nottingham. 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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