Public Houses for sale in Buxton

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 Thanks to your email alerts I found & have recently completed on the purchase of a Hotel in Scotland 

Ian McGregor (Nov 2013)
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Leasehold Price: £69,000
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Business Description

LET THIS 17TH CENT FREEHOUSE INN STEAL YOUR HEARTS SET WITHIN THE DERBYSHIRE PEAK DISTRICT NATIONAL PARK BENCHMARKING ALL THAT IS GREAT ABOUT BRITAINS UNIQUE HERITAGE SITTING ASIDE MAIN ARTERIAL TOURIST ROUTE



  • Sales potential above £390,000 with £140,000 from B&B + £250,000 Food & Drinks with a resulting high GP & substantial projected Net Profits in Excess of £100,000

  • Quaint characteristic throughout cosy linked dining rooms, snugs, bar & 9 exceptionally well appointed bedrooms offering full modern facilities within a traditional English Country Inn

  • Top quality throughout with period features, beams, exposed stone, strong historic connections

  • Far sweeping views from lawned garden & terrace over the spectacular Derby Dales- Parking with overnight Campervan use – 1-acre field (by mutual agreement)

  • Spacious Owners 3 bedroomed period accommodation

  • New private lease of 10 years – FREE of TIE – Helpful & Encouraging Freeholder-Ongoing capital expenditure programme


LOCATION (SK17 0BA)  www.jugandglassinn.com


Set amidst the No.1 visited National Park within the UK & No.2 visited Worldwide the Derbyshire Peak District could not be bettered for its location central to major Midland & Northern England conurbations amidst popular tourist “honey pots” Inc. the World Renowned Chatsworth House, mediaeval Haddon Hall, The Tissington Trail, High Peaks Trail with quintessential pretty English villages & Market Towns such as Ashbourne, Buxton, Bakewell and Hartington. Then just a short drive along winding country roads to UKs #1 tourist attraction of Alton Towers. The Inn has a strong kerb side presence adjacent the A515 Ashbourne to Buxton road cutting through some of the most dramatic scenery in Britain.


PROPERTY DESCRIPTION


A most attractive classic “DERBY DALES” well-loved detached 17th Century Freehouse Inn of natural stone construction, white rendered on older part of building under a pitched Rosemary tiled roof. Flush with period features including exposed stone walls, deep window sills, exposed beams, open fires & wood burners and an abundance of “nooks & crannies” throughout linking thereafter, cosy public areas (60) including Dining Rooms, Snugs. Lounge Bar with a CENTRAL BAR SERVERY from which a range of delicious REAL ALES are dispensed. BEER CELLAR set just below ground level accessed from the bar. Fully equipped CATERING KITCHEN- internal LADIES & GENTS facilities.


GUEST LETTING ACCOMMODATION


The recently added extension of 9 immaculate well-appointed en-suite bedrooms can be accessed from both the pub & externally and comprise of Doubles, Twins, & King Sized rooms all with cosy heating & modern facilities.


OWNERS ACCOMMODATION 


A spacious family home, comprising of 3 Double Bedrooms, Private Lounge & Family Bathroom with secure access from the main trading areas.


EXTERNALS


The business benefits from a Lawned Garden along with terrace which has not been fully exploited bearing in mind the potential for walkers & tourists and the awe-inspiring views over the Peaks National Park rugged landscape. Parking is available on site which could double up for Campervans staying overnight. An adjoining 1-acre field to the rear of the Inn (does not form part of the lease but can be used by the lessee by mutual agreement) at no further cost. If planning permission is granted for camping, caravan rallies etc. under permitted development rules (Derby Dales).


PREMISES LICENSES


We are advised that the business has a license for dispensing Alcoholic beverages from 11am till 11pm through the week & Sunday 12 till 10.30pm. Currently the business is closed all day Monday & Tuesday then Weds 6pm till 8.30pm- then Thurs/Fri/Sat 12noon till 8.30pm & Sunday 12noon till 5.30pm. These self-restricted hours are due to the personal circumstances of the freeholder who is currently “caretaking” the business.


TENURE


We are instructed by our private clients to offer by way of a NEW PRIVATE FRI LEASE of 10 years COMPLETLY FREE of all TIES commencing on appointment or the end of July 2016, The proposed rent will be £45,579 paid monthly in advance (no vat) set for 2 years thereon only with annual Index Linking. - Absolutely no rent hike as turnover increases rewarding the Lessee – The Freeholder wants the appointee to enjoy the rewards of their efforts and will if requested provide advice bearing this in mind. An interest bearing rent security deposit of £10,000 will be required as will a business plan. The premium can be written off against tax over the life of the lease by way of Amortisation or Depreciation. “SUBJECT TO CONTRACT”.


SERVICES


We are advised that the business benefits from connected mains of electric, water, sewage by septic tank. LPG Cooking & Oil Central Heating. Business Rates are qualifiable for rural rates relief and payable of £2432 Inc. Water.


THE BUSINESS


The previous Lessees retired due to ill health with their 10-year lease expiring at the end of July 2016. The opportunity is being offered WITHOUT the GOODWILL element therefore accounting information will not be available .Our FREEHOLDER clients have owned the business since 1996 having for many years and are fully convinced that a new energetic couple could take sales to £390,000 Inc. vat and above with £140,000 from B&B alone (9 rooms at £72 X 365 annual days =£236,520  X 59% Occupancy) Source“https://www.visitengland.com/sites/default/files/downloads/december_2015_eos_newsletter.pdf.


Projecting £390,000 sales Inc. vat with an overall GP of 65% a new operator should be able to return NET PROFITS well above £100,000 having paid all expenses Inc. rent & lived free out of the business. They ran the business in the traditional manner as partners (Husband & Wife) and attained an excellent income & life style. The premium asked will mostly be re-invested by our client’s ongoing development programme (with full involvement of the appointee) to enhance the property & business.


WE HIGHLY RECOMMEND AN EARLY VIEWING OF THIS FREEHOUSE BUSINESS & FAMILY HOME – WE ADVISE TO CONSIDER THIS PUB AS A MATTER OF PRIORITY – IT WILL SELL QUICKLY.


To secure this business a deposit of £5,000 will give you exclusivity on this business giving you a lock-out agreement with no further viewings or marketing taking place.


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 251 208.


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.


 

Tenure: Leasehold

Listed by: GA Select
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