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The Plough, Church Lane North Kyme, Lincoln, LN4 4DJ

£625,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
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SECTOR

Pub for sale

Key features

  • 19th Century Pub
  • Freehold Sale
  • Recently Extended and Renovated
  • 2 Bed Managers accommodation
  • Turnover of £294,634 for 23/24
  • 70 internal covers | Energy Rating C
  • Christie & Co Ref: 5752407

Description

Description

The Plough dates back to the 1850s and is the only pub in the village. Under the current ownership, a local entrepreneur, the pub has undergone a significant transformation and renovation, with many bespoke, hand made fittings, offering a turnkey opportunity for an experienced operator to grow the trade.

The pub was extended to the rear to create a significant additional trading space with an open restaurant area and a mezzanine dining area, with sheltered external trading area.

The pub briefly consists of a central bar servery, with bar area and large dining area, with numerous log fires. The mezzanine area offers additional dining and the capacity for small function hire. The pub also has a two bedroom managers flat, basement cellar and large modern commercial kitchen.

Location

North Kyme is a village in the North Kesteven district of Lincolnshire. The village is a 15 minute drive from Sleaford and around 30 minutes from Lincoln, with swift access to the A17 and A15.

The pub stands in the centre of the village and attracts visitors from a wide local catchment area.

Internal Details

The Plough has two entrances, with its main entrance from the street entering into the pubs original bar and lounge area. The original bar area has been kept with a focus on drinking and pub games, whilst the lounge area has been extended to create a large space for dining (40 covers) and the mezzanine area adds an extra 25/30 covers with the capacity for private dining and functions.

The rear of the pub is is a statement room with high vaulted ceiling and glass window wall, with spot lighting creating a terrific aesthetic, especially around dusk and evening dining.
The bar has a cellar directly beneath, with the rest of the ground floor containing customer toilets and a large modern commercial kitchen.

The 1st floor contains the owners accommodation.

Fixtures & Fittings

Fixture and Fittings are included within the sale

External Details

The pub has a good sized car park for visitors and customers. The rear beer garden adds a further 30-40 covers and is covered to improve trading potential outside of the summer months. There are plenty of opportunities for a new operator to further develop and improve the external trading areas

Owner's Accommodation

The first floor of the pub contains the two bedroom managers flat. This is fitted to a good general standard and ready to occupy immediately.

The flat has two double bedrooms, a shared bathroom, a lounge and a modern kitchen, with French doors onto a roof terrace.

The Opportunity

The pub is in excellent general condition and ready for a new operator to grow the trade through operational efficiencies and a more consistent offering.

The external areas offer further opportunity to develop trade with regular events.

Staff

The pub is currently operated with one full time member of staff and five part time staff members.

Trading Information

The pub recorded an annual turnover of £294,634 from November 2023 to October 2024, with a trade split of 54% food, 46% wet.

Further Trading information can be provided on request

Trading Hours

Kitchen Hours
Wednesday
12.00pm – 2.00pm / 5.00pm – 8:30pm
Thursday
12.00pm – 2.00pm / 5.00pm – 8:30pm
Friday
12.00pm – 2.00pm / 5.00pm – 8:30pm
Saturday
12.00pm – 2.00pm / 5.00pm – 8:30pm
Sunday
12.00pm – 4:30pm

Tenure

Freehold

Business Rates

The Rateable Value is £13,000 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the Local Authority.

Regulatory

Premises License - 7 days a week until 1.00am.

Brochures

The Plough, Church Lane North Kyme, Lincoln, LN4 4DJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ruskington Station4.3 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 5752407-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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