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Nottinghamshire

£750,000

Business rates & charges may apply

Guy Simmonds Business Transfers Limited, National Licensed Property
SECTOR
Pub for sale

Property description

Tenure: Freehold

Ref 8167 FREEHOLD


UNIQUE HIGHLY DESIRABLE THRIVING AND PROFITABLE FREEHOLD BRASSERIE AND BAR WITH 132+ DINING COVERS LOCATED CLOSE TO THE QUAINT AND HISTORIC NORTH NOTTINGHAMSHIRE TOWN OF TUXFORD


Located 3 miles from Tuxford and only 1 minute from A1 motorway between Newark & Retford.

Bar area (c60+ plus standing) with exposed wooden
beams, an exposed brick-built fireplace with built in
wood burner and a selection of menu boards.

Piazza Room (30 covers) has an Italian courtyard
theme with painted murals, ceramic floors and
extensive rolling countryside views.

Main Traditional Restaurant (70 covers) with exposed
wooden ceiling beams and exposed brickwork.

Mediterranean Room (32 covers) with warm colour
shades, mural walls and water feature.

Fully equipped commercial catering kitchen.

Stand-alone brick-built property with double garage/staff accommodation. Provides great opportunity.

Elevated Al fresco patio area (40 covers) ; Patron's lined car park with 70+ spaces.

Delightful 3 Bedroom Owner's accommodation with exposed beams and rafters, private access and a fabulous roof garden with rolling countryside views.

Advised turnover of c£804,694 (incl.VAT) to year end 31st December 2017 : 75% Food ; 25% Wet sales.

A FANTASTIC OPPORTUNITY TO PURCHASE A UNIQUE THRIVING & PROFITABLE FREEHOLD INN AVAILABLE FOR THE 1st TIME IN OVER 20 YEARS

LOCATION
This highly profitable business sits on a substantial plot on the main road running into Tuxford (3 miles away) less than 1 minute from the A1 motorway. Tuxford is an old historic coaching town set in north Nottinghamshire between Newark on Trent and Retford. Surrounded by other affluent towns and villages Tuxford attracts tourists all year round to explore a variety of independent shops and attractions. The town was designated a conservation area in 1980 and has been greatly restored with the help of English Heritage. Nearby points of interest include the popular village of Laxton, the National Holocaust Centre and Rufford Abbey and Country Park. The famous cathedral city of Lincoln and the bustling town of Worksop are also close by. The local road networks are excellent and the A1, A46, A614 and A60 are also within easy reach.

THE PROPERTY
The property is presented in immaculate condition throughout and there are 3 individually themed restaurant areas all providing their own character and charm.

The property is of partially rendered brick construction, sitting under a pitched, tiled apex roof. An attractive entrance porch with accessible ramp to the front provides access to all the trading areas. These consists of:
Bar Area (c60+ plus standing) presents a French café theme with displays of fine wines and a multitude of menu boards creating a warm and inviting comfortable atmosphere. Loose assorted tables, chairs and stools are complimented by leather upholstered perimeter bench seating. Exposed wooden beams to the ceiling look down on areas of carpeted and oak flooring and there is an attractive exposed brick-built fireplace with built in wood burner. There is a well-presented hand-crafted curved zinc bar server with coffee preparation area to one side.
Piazza Room (30 covers) is a delightful sunny room to the rear of the property looking out across stunning rolling countryside views. This Italian themed courtyard has mural painted walls, hanging grapevines and a ceramic tiled floor all complimented by loose chequered cloth covered tables and iron bistro chairs. Main Traditional Restaurant (70 covers) is a split-level room with loose cloth covered tables and upholstered dining chairs all able to be laid out as desired and to suit the occasion. The room is fully carpeted and exposed brickwork and wooden beams to the ceiling add to the character and rustic charm. Double doors open out onto an elevated flagstone al fresco area (c40 covers) with tables and chairs provided in the summer months. Mediterranean Room (32 covers) is a delightful multi-use room leading off from the main restaurant with loose cloth covered tables and chairs able to be laid out as required. The room conjures a Tuscan ambience having warm Terracotta and Ochre coloured shades, painted murals to the walls and a fabulous water feature to one side.

There is a spacious fully equipped commercial Catering Kitchen with 5* EHO rating and stainless-steel appliances and surfaces (equipment not tested). A prep/dessert area, wash up and in-house laundry area lead off. There is also a separate fridge/freezer storage area close by.

Ground floor Beer Cellar with python system, pumps and remote etc.

Ladies, Gents and Accessible WC's /
CCTV throughout.

OWNER'S ACCOMMODATION
The delightful owner's accommodation has private access and is located on the 1st floor. This briefly consists of: 3 Double Bedrooms, a lounge with exposed wooden rafters and beams, kitchenette, 2 offices and a bathroom. There is also a fabulous rooftop garden with simply stunning rolling countryside views.

EXTERNAL
To the front of the property is an elevated flagstone al fresco dining area with loose tables and chairs creating a lovely place to sit in the warmer months. The patron's lined car park is also to the front and provides parking for c70+ cars. To the side of the property is a substantial stand-alone brick-built property providing a double garage and storage areas on the ground floor. The 1st floor has 2 bedrooms (1 single/1 double) with stud walls and a bathroom area. This is currently used by staff members, however in our opinion provides opportunity to be converted to create a letting or even conference facility.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence which permits the sale of alcohol during the hours of:

Mon - Sat 10am to midnight
Sunday 12noon to 11.30pm

Current opening hours are:

Mon - Sat 11am/2.30pm 6pm/11pm
Sunday 12noon/2.45pm 6pm/10.30pm

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 is being offered for sale freehold (although we have not had sight of the title deeds). All relevant mains services are connected and the property uses Propane for cooking and oil for heating purposes (no services tested). Business rates payable are advised as being circa £16,817 per annum.

THE BUSINESS
The current owners purchased the freehold property in 1998 and over the years have extended and totally transformed the property and business. With an outstanding reputation for offering high quality unique fresh seafood and quality fine wines served in superb immaculate well-presented surroundings it is no surprise the business has such an impressive reputation. The business is currently operated by the owners themselves assisted by 7 full and circa 19 part time/casual members of staff. Due to ill health our vendor clients are now reluctantly looking to retire. After many years and having an impressive track record in the industry they would now like to be able to take life at a more leisurely pace. We are advised that accounts declare takings of £804,694 (incl. vat) to end 31st December 2017 achieved on a trade split of 75% Food sales & 25% Wet sales. We calculate the reconstituted Net profits after adding back depreciation, remuneration, personal and one-off costs to be in excess of c£158k. New owners could continue to operate the business using the same highly successful formula or may even wish to take the business even further. In our opinion this could be achieved by taking advantage of extending the opening hours or exploring the opportunity to convert the self- contained staff/storage building and maybe introducing a little light entertainment along the way.

Further info:

Accounting information will be made available to interested parties after viewing.


Viewing appointments must be made via Guy Simmonds.

Details prepared October 2018

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

EPC

About Guy Simmonds Business Transfers Limited, National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

Guy Simmonds have been established for over 30 years specialising in the sale of quality Freehold and Leasehold Licensed businesses - including pubs, inns, restaurants and hotels.

Guy Simmonds are leading NATIONAL Licensed Property Agents and consequently offer for sale and lease quality lifestyle licensed businesses throughout the whole of England and Wales.

For those of you looking for a change of career and lifestyle, an inn/restaurant can offer an enviable and f

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 8167. 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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