Licenced Trade, Pubs & Clubs, Nottinghamshire
- Exceptionally Well Presented Throughout
- Operating Profits in Excess of £126,000
- Three Bedroom Accommodation
- EARLY VIEWING HERE COMES HIGHLY RECOMMENDED
Fabulous opportunity to acquire this thriving, food led public house which achieves not only a particularly impressive average weekly turnover of £20,000 but works on EXCELLENT MARGINS and shows Adjusted Net Profits in excess of £60,000 on latest annual accounts, before government grants (Operating Profits in excess of £126,000) and management accounts following re-opening after the COVID lockdown (April to July inclusive) showing a turnover of £205,000 and a net profit in excess of £68,000.
These stunning, landmark premises are held on lease with sensible rent and whilst tied our client pays release fees for wine, spirits and minerals and the Landlord has indicated that they would be prepared to grant a new, free of tie lease for a premium in excess of the current release fees of circa £4,000 per annum making this a free house.
The premises have been extremely well maintained and are exceptionally well presented offering, super lounge bar / dining area with impressive, well fitted bar and beer cellar to rear. Waiter station and a separate dining area leads through to marquee which provides further covered dining space. Currently the business provides circa 80 covers. The commercial kitchen provides an impressive array of quality catering equipment with pot wash area. Small preparation room. Ladies and gents WC’s.
First floor offers, owners / staff accommodation consisting: Lounge, fitted, domestic kitchen, three good bedrooms (one currently used as additional storage) and combined bathroom with shower over the bath.
Externally: Large patron’s car park, refrigerated, walk-in cold room and currently unused caravan park.
THIS IS A RARE OPPORTUNITY TO ACQUIRE A THRIVING PUB / RESTAURANT BUSINESS WHICH SHOWS EXCEPTIONAL PROFITS AND DUE TO OUR CLIENTS CIRCUMSTANCES, ONE THAT IS AVAILABLE AT A VERY SENSIBLE PRICE – EARLY VIEWING HERE COMES HIGHLY RECOMMENDED!
EPC Band C.
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
About the agent
Ernest Wilson & Co Limited, EW Leeds
The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG
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