“Laid back” Recon Net Profits circa £100,000 with undoubted further potential
Popular authentic locals bar (35 + standing), Quirky Informal dining (52c) Dining / Function Room (60c+)
Enviable breathtaking position within picture post card setting with far reaching impressive views & classic “duck pond”, 30 picnic sets – parking (48)
Owners generous 3 bedroomed accommodation
Renewable 16 year lease just part tied with Landlord & Tenant act protection (6% Rent to) Net sales
LOCATION ( CV9 2LE)
BAXTERLEY has been a settlement since Saxon Times and is located close to the historic Market Town of Atherstone on the Roman Road of Watling Street (now the A5), follow the A5 and turn onto the B4116 into the village and the Rose Inn is to be found on MAIN ROAD standing behind its “classic” English Pub duck pond frontage. Visitors are attracted by its locale of outstanding natural beauty and is popular with cyclists, walkers, horse riders and its rich natural wildlife. Formally a part of The Forest of Arden other magnets for tourism are Market Bosworth noted for its Battle of the Roses with the slaying of King Richard 3rd.local pretty villages such as Fenny Drayton, Witherley, Sibson, Sheepy Magna ,Hurley, Twycross, provide an affluent local client base. This is a most popular area for family residents who work in the East & West Midlands along with airports at Birmingham, Coventry & East Midlands International. Rail & road links to London are excellent. Baxterley has a Norman Church built in 1200s and Manor House.
An impressive setting on a large footprint and awesome “curb appeal”. The Inn was constructed in the 18th Century and is detached. Internally the property has retained many of its rich original features with exposed ships beams, living fireplaces, and “nooks & crannies”. A most popular LOCALS BAR (35+) is the favoured location of the village locals and is distinctive by its original features. Further areas are used as INFORMAL DINNING (52c) and have a CENTRAL BAR SERVERY with REAL ALE HAND PULLS ( Formally part of the BASS estate it still is renowned for this brew) along with other guest ales. These trading areas also retain many original features and give an experience of an Old English Country Tavern though cosy rooms including a private dining area. Separate DINING ROOM (60+) doubles up as a FUNCTION ROOM with its own BAR SERVERY & Bathroom Facilities. This generously proportioned room has a barrel ceiling with beams and partial carpeting and a hard fitted dance floor. It is used as a carvery service on Sundays. WASHROOM FACILITIES tiled GENTS; LADIES & DISABLED toilets are available. CATERING KITCHEN is fitted with professional equipment capable of 200 covers at busy periods. BEER CELLAR, located both below ground & “roll in”.
Located to the 1st floor generously comprising of 3 Double Bedrooms, Kitchen, Lounge & Family bathroom.
This superb business has possibly the most impressive & imposing functional open space of its type in the midlands which includes the large village duck pond which is abound with not only the pubs duck family but the home to many wildlife species. All emblematic of the vision of an Olde English Pub. “Let this steel your heart”. 30 picnic sets sit on the grassed areas and parking can accommodate circa 48 vehicles. “Tranquil yet inspiring” and a magnet for local trade and day trippers.
The business trades 12noon till 3pm then 6pm till 11pm Mon/Thurs with Fri/Sat 12noon till 11pm, however the permitted licensing hours for the premises are 10:00am till 12 midnight all week then 11:00 am till 11:30pm Sunday . A personal license will be required and our training associates can assist with this and any other training requirements.
We are advised by our client that the property is held on a 16 year secure renewable Charles Wells lease from December 2003 at an annual rent of £44,587 inc insurances & cellar maintenance (6% business rent to net sales) set for the remaining length of the lease and is Free of Tie for wines, spirits & minerals. The lease is fully protected under the Landlord & Tenant Act and renewable at its end at no further premium. We have site of a letter dated 24/02/16 from Charles Well confirming that the lease will be renewed.
We are advised that mains water, electric & sewage are connected with heating & cooking by LPG . Business Rates payable £6,400.
This fantastic business is truly flourishing our clients having owned it for 7 years and intends to retire having their own half million pound house within the village. Sales are recorded by P/Ls for Y/E August 2014 as £800,600 inc vat on a split of 59% Wet to 41% Dry. Having had sight of VAT returns we can confirm that it is expected that 2015 will see some growth on these results. The owners enjoy a fantastic life style and operate the business with “a light touch” therefore staffing levels are well over the ratio expected for this style of business. RNP, having added back personal, one off and excess wages run into circa £100,000. The options for further growth & profits are limitless, with unused opening hours, due to its idyllic rural setting, and further focus on the food offering and increased use of the function facility. This business is well capable of sales in excess of £1million returning £150,000 plus to a new energetic operator providing a return on investment in one year. A true “cash cow”.
A TRULY UNIQUE OPPORTUNITY TO ACQUIRE WHAT IS ARGUABLY THE BEST AND WELL LOCATED LEASED PUB TO COME TO THE MARKET WITHIN MIDDLE ENGLAND
Accounts information will be made available to interested parties after viewing.
Our panel of financial experts are here to help; call for referrals: 01530 414140.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251208.
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
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