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Cross Roads Inn, Lincoln Road, East Barkwith, Market Rasen, LN8 5RW

£350,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • Roadside pub on main Lincoln to Louth route
  • Freehold sale
  • Recently renovated
  • Food led village pub
  • Two-bedroom managers accommodation
  • 80 internal covers. Energy rating C
  • Christie & Co Ref: 5752400

Description

Description

The Cross Roads Inn is located on a generous corner plot with the building dating back to the 1800’s. The plot has an ample sized car park with potential to improve the existing beer garden.

The pub has undergone recent renovation to offer a modern, yet rustic experience to customers, consisting of a flexible layout, boasting three large dining areas, served by a central bar servery.

2 large dining areas consist 30 covers each and the snug dining area consists of a further 20 covers. The dining areas can easily be partitioned to host private functions of varying sizes, with a total ground floor area of 2160 SqFt

The pub has entrances from the front and rear car parks with a generous sized kitchen, customer WC’s and managers accommodation.

Location

East Barkwith is a village in the East Lindsey district of Lincolnshire, approximately 13 miles northeast of Lincoln, situated on the A157 towards Louth.

The pub is well situated on a corner plot with excellent roadside visibility, with the Lincolnshire Wolds AONB, a stone’s throw away.

Internal Details

Three dining areas totalling 80 internal covers.
Central bar servery
Customer WC’s
Good sized kitchen with prep area
Two-bedroom manager's accommodation

The Business

The business currently offers a range of classic pub food and contemporary dishes, with local pies and Sunday lunch a particular attraction, with a selection of real ales, beers spirits and wine.

Weekday trade often features business / lunch or coffee meetings with a light bites style menu, with themed evenings throughout the month, along with varied private functions either for local business and societies or for wakes, birthdays and baby showers.

Sunday trade offers a well-loved Sunday roast.

External Details

• Sizeable car park
• Rear trading area with assorted picnic benches and pergola
• Generous corner plot

Owner's Accommodation

Above the pub with its own private entrance from the rear of the pub, there is a two-bedroom managers flat with kitchen, lounge and bathroom.

The Opportunity

Following its renovation, the opportunity is for a new operator to continue to expand its trade, without a significant requirement for capital expenditure.

We are of the view that this would be a suitable pub for a food-led operator, giving the sizeable dining areas and kitchen, along with roadside accessibility.

Improvements to the external beer garden and trading areas would improve the appeal during warmer months.

Staff

The pub is currently run by a couple but we are advised that they are not subject to TUPE.

Trading Information

Since its renovation, we are advised that turnover is in the region of £293,000 pa net, with a food led majority on trade splits (60:40).

Trading Hours

Mon - Tue 12:00 - 20:00
Wed - Sat 11:30 - 22:00
Sun 11:30 - 18:00

Kitchen Opening Hours
Mon-Tue 12:00 - 14:00 & 17:00 - 19:00
Wed-Sat 12:00 - 14:00 & 17:00 - 21:00
Sun 12:00 - 16:00

Business Rates

Current rateable value (1 April 2023 to present) £1,600 but we are advised that the rates are exempt due to being the sole pub in the village

Energy Performance Certificates

EPC 1

Brochures

Cross Roads Inn, Lincoln Road, East Barkwith, Market Rasen, LN8 5RW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Market Rasen Station6.0 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5752400-fh. 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, Pubs & Restaurants. 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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