AN UNSPOILT CHARMING EASY TO RUN RURAL VILLAGE FREEHOUSE PUB AND FAVOURED WATERING HOLE WITH ENVIABLE POSITIONING LOCATED UNOPPOSED IN AFFLUENT SOUTH KILWORTH CLOSE TO MARKET HARBOROUGH
- Gently trading at £112,521 Inc. vat split 70% Wet 30% Dry with RNP £37,500 63% GP Substantial unused trading hours
- L Shaped beamed bar, full of tradition & “pubby” ambiance with central servery & games (40+) Separate dining room (16c)
- Located in an area of high disposable & sustainable incomes close to M1.
- Car parking (24) patio & large grassed area with picnic tables
- Owners accomm with 3 Double Bedrooms – Same owner 22 years
- Fully protected L&T act renewable lease of 21 yrs Free of Tie (a Freehouse) sensible rent
LOCATION (LE17 6DN)
This most delightful proper English pub is located on the Main Road traversing the village of South Kilworth, with strong “eye appeal” and has unrestricted parking to its front ideal for “drop off”. Hard surface parking is also available to the rear. The village has a population of circa 500 residents all of whom enjoy living within its close knitted community. There is access to the M1 & A14 within a few minutes’ drive. The Village is mentioned in the Doomsday Book and a neighborhood renowned as being affluent and highly desirable to live in. There is a Primary School of high acclaim and village community Centre. Locally there is a popular Golf Course to USGA specifications which overlooks the Avon Valley with other tourist attractions such as Stanford Reservoir & Stanford Hall dating back to 1697 with a museum dedicated to pioneer aviator Percy Pitcher.
Believed to be 400 years old of local brick construction the property is detached under a pitched slate roof. A traditional village pub, as we like to remember them, with low ceilings, exposed beams and large fireplaces with wood burning stoves. Food is available in the small restaurant including the 'char grilled' steak house speciality. Traditional games include darts plus Northants Skittles as well as pool. (several teams for each sport /game).
The L Shaped BAR (40+) with mainly fixed seating & loose stools to round bar tables with a games area to one end and is carpeted. Its WOOD BURNING STOVE radiates an incredible 7KW.A Flat Screen TV shows SKY SPORTS etc. at a low cost of £100 p/m. Separate dining room (16c) is used for casual dinners & private parties. CENTRAL BAR SERVERY has a bank of REAL ALE WICKETS and Bright beer pumps and refrigerated bottle fridges and a range of spirit optics. CATERING KITCHEN has a mix of commercial equipment Inc. extraction. There is a store & office off. Ladies & Gents facilities are in doors. The BEER CELLAR is below ground and has tilting real ales stillage’s.
The owners have use of 3 good bedrooms, Lounge, Kitchen, Bathroom & Utility to the 1st floor.
There is parking (24) along with patio to the rear and a grassed area which though not within the lease has access to use as a beer garden with the lawned area being maintained by the business and other maintenance such as trees & foliage by the free holder. Wooden picnic sets provide a popular secure out door environment.
Premises licence currently allows 12 noon till 12 mid-night all week. Actual hours used are 5pm till 11pm Mon – Fri the Saturday 12 noon till 3pm & 5pm till midnight Sunday 12 noon till 7pm
A Personal License will be required and our associates can assist with this for you.
The business is held on a Free of Tie 21-year lease from 11/03 at a rent of £16,800 Inc. VAT p.a. with next review 2018 paid monthly. The lease is FRI and has full protection under the Landlord & Tenant Act (54) therefore renewable at its end at no further premium. The freeholder is a private investor.
Mains Sewage, Electric, Water are connected with Central Heating by LPGas. Business rates payable are Exempt.
The business has been run by our client for 22 years and operates single handed with the assistance of part time staff. Sales are £112,521 Inc. VAT and show a 63% GP £59,706 returning a Recon Net Profit of £37,500 (after allowing for one off expenses and extra wages due extra staff required). Sales split is 30% Dry to 70% Wet. Food is only available for 17 hours per week, taking this into account and the current unused opening hours it would be reasonable to see a dramatic increase in trade however a new owner may wish to carry on with the low key trading style which delivers a strong level of profit bearing in mind that you live virtually free out of the business.
THIS LOVELY BUSINESS SHOULD BE CONSIDERED FOR BOTH ITS CURRENT LIFE STYLE & FUTURE POTENTIAL.
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.
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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