LOCATED WITHIN AN IDYLLIC SOUTH WEST LEICESTERSHIRE HIGHLY DESIRABLE VILLAGE OF SUSTAINABLE PROSPERITY A CHARACTERFUL AWARD WINNING VILLAGE PUB WITH BEAUTIFUL INTERNAL DESIGN.
- Sales £290,887 Inc. vat, split 60% Wet 40% Dry 55% GP Historic Sales £417,621- Potential of £500,000 pa.
- Comfortable Lounge Bar (30+) Cosy Snug (14) Beautifully designed Dining (40c)
- Impressive trade garden (100) suitable for marques & family fun
- Favoured locals “watering hole” & “ladies who lunch” clientele - c/p (20)
- Spacious Private 3 double bedroomed accommodation
- Fully renewable & protected Marston’s lease with discounts
LOCATION (LE17 5LT)
If you have a passion to live & work within a favored affluent village location, then this is for you. The village of circa 1,000 “well healed” residents with high disposable incomes is Quintessentially an English Country Village with 3 Castles within 4 miles Shawell, Sapcote & Gilmore Castle within the village itself then a Motte Timber Castle. Further leisure attraction’s Inc. fishing pools, country pursuits, rambling, horse riding and much more. This thriving popular business is located in the highly regarded, well served South West Leicestershire village of Gilmorton close to the Leicestershire, Rutland, Warwickshire and Northants borders. The property sits directly on the main road running through the village. Gilmorton has a highly sought after Primary school with a reputation for being the best school in Leicestershire, and an award winning village shop. Further housing development is planned in the near future and plans are already in place. Being only a short drive from Junction 20 of the M1 makes the property well placed to be accessed from all areas. The popular and thriving market towns of Market Harborough, Lutterworth, and Rugby are only 8 miles away.
This impressive inn is of brick construction, sitting beneath a pitched, tiled roof, occupying an excellent prominent position within the village. A small entrance porch to the front of the property leads to all trading areas. RESTAURANT (40 covers). These well presented attractive rooms have a wonderful modern relaxing atmosphere ideal for “ladies who lunch” & relaxed local residents dining. The room has a laminate wood design altro floor with loose tables and leather upholstered dining chairs to enable layout to suit as desired. Below the dado, wood cladding adorns the lower walls reaching round to a lovely real open fire set in a brick built fireplace.
Between both trading areas are the SNUG BAR (14), with high stools and a well-stocked and very well presented bar server of wooden construction with award winning cask ale hand pulls to service both the restaurant and the lounge.
LOUNGE area (circa 22 plus standing). This lovely room has a warm and welcoming atmosphere. The room is fully carpeted with an assortment of comfy leather tub seating, leather settees, high stools and leather poufs. The room also has an exposed brick fireplace. There is a TV to the fireplace wall (BT. SPORTS) and a small wooden bar server of wood construction. Well-appointed Ladies and Gents Facilities. There is a fully equipped commercial CATERING KITCHEN with stainless steel surfaces and appliances, a prep/Dessert area and separate wash up. There is also a below ground floor BEER CELLAR, and separate bottle store providing additional storage.
The spacious owner’s accommodation, with private entrance, is situated on the 1st floor and briefly comprises: 3 double bedrooms, large spacious lounge/Diner (suitable for small meetings etc.), kitchen, Office, store, bathroom and W.C.
To the rear of the property is a large slabbed patio area with wooden picnic benches creating a further circa 28+ al fresco covers. This leads directly to a large spacious grassed garden area (100) suitable for a Marque, with further wooden picnic benches providing a privately enclosed area for drinking and dining. There is also a heated and lit smoking solution. To the side and rear of the property is a car park providing space for circa 20 cars and further storage outbuilding for fridges, freezers, dry goods, logs and coal etc.
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: 10am till 1am all week. Actual hours used are 12noon till 2.30pm then 5pm till 11pm all week with Sunday 12 noon till 9.30pm. The business benefits form BT. SPORTS. A Personal License will be requires & our training associates can assist with this.
The business is offered for sale as a lease assignment of a 21-year lease with approximately 15 years remaining of the Marston’s FRI agreement renewable at no further premium. We are advised that the inn is fully tied on all products however attracts and achieves retrospective discounts. We are informed that the rent is currently circa £26,216 pa ink Insurances, per annum to be reviewed in 5 years A rent security deposit of circa £7,000 will be required by Marston’s.
We are advised that the inn benefits from all mains services Business rates payable are advised as currently being circa £350 per annum (to include relevant reliefs)
Our clients purchased the business for their son who acts as chef for the business however upon reflection has informed our clients that he no longer wishes to pursue the opportunity further hence wish to sell on. The clients have invested circa £50,000 into improvements over past 18 months. Sales to Y/E 2015 show £290,887 Inc. vat split 60% Wet 40% Dry showing a 55% GP/ £133,008 to pay all expenses Inc. Rent. RNP is circa £30,753 for 2015 (adding back one off expenses, style of management) We are advised that the business achieved sales of £417,621 Inc. vat Y/E 2012 and that there is a potential for £500,000 pa. (the previous owner had been in place 10 years)
ENJOY A QUALTY LIFESTYLE WITHIN A SORT AFTER LOCALE WITH ALL THE BENEFITS OF BEING SELF EMPLOYED OPERATING A RELAXED BUSINESS.
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.
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 251 208.
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