£268,000 Wet Sales + Food, resultant Net Profits £31,000 After paying all expenses Inc. Rent
Seating 94 within Lounge, Snug, Locals Bar & Tea / Function Room
1 Acre footprint with Beer garden (200+) Field & recessed sun patio & parking (20).
Comfortable safe environment at the "heart of the community" within an Attractive Location
3 Bedroomed owner's accommodation with Private Terrace
30-year renewable lease fully protected just Part Tied with Beer Discounts
ENJOY RUNNING THIS ESTABLISHED BUSINESS WHILST LIVING IN A DELIGHTFULL LOCATION OF SUSTAINABLE INCOME AT A WELL AFORDABLE PRICE OF £29,500 LEASE ASSIGNMENT TO INC F&F AND GOODWILL
LOCATION (LE67 5AH)
Sitting in The City of Three Waters which is a Hamlet style locale within the ancient Village 0f Whitwick with a population of 9000 and was mentioned within The Domesday Book. The village had a 12th Cent Motte & Bailey Castle and its parish Church has been a place of worship for over 2000 years with a small Saxon Church. In 1204 the manor was passed by King John to The Earls of Leicester today it is a popular residential area of particular charm capturing the widest potential customer base. The City of Three Waters is a residential road leading to Loughborough Road onto Oaks Road and Mount St Bernard’s Abbey. The village lies off the A511 Leicester Road which joins the M42 onto East Midlands Airport & M1.
The Property is attached to a row of period cottages and has a “Black & White” facade sitting behind a low wall constructed of locally quarried stone. Internally it is very much of a traditional Tavern style with “nooks & crannies” including Lounge (30+) with exposed beams, fixed & loose seating, Snug (18+) with loose seating & sofa, Locals bar (20+) having a feature fireplace of local brick construction and beamed top serviced from a CENTRAL BAR SERVERY and a newly developed Tea Room come Function Area(26c) with White loose furnishings and has access to the Beer Garden by way of French Doors. The chilled BEER CELAR is “roll in” to the ground floor. CATERING KITCHEN is partially commercially fitted and has a 5 Star rating from the Local Authority. LADIES & GENTS facilities are located internally.
The owner’s accommodation comprises of 2 exceptionally sized bedrooms, 1 further double. Family bathroom and private lounge & Kitchen then a Private Terrace.
Sitting on a footprint of circa 1 acre the business benefits from a fenced Beer Garden (200+) seating approx. 60. A large field used for events including bonfires, fetes, festivals, marque functions etc. A smaller recessed patio/ terrace (12) is set amongst foliage to the side of the property. Car parking (20)
We are advised that the business has a Premises licence that allows opening of 11 am through till 1.30am all week. Currently the business opens Mon 3pm – Midnight Tues 12noon till Midnight, Weds& Thurs 3pm till midnight, Fri/Sat 12noon till 1am Sun 13.30am till Midnight.,. A Personal License will be required and our training associates can assist with this for you.
We are instructed to offer this business as an Assignment of a 30 Year protected & renewable lease from 1992 (subject to landlord & Tenant Act (54) conditions) at a current rent of £19,000 p.a. paid weekly. The lease provides for Discounts on Tied products (Draught Beer & Cider) & free of tie for all other products. Freeholders are Enterprise Inns.
We are advised that the pub benefits from all mains services. Cooking & Central Heating is by gas. Business rates payable of £4210 p.a.
The business has been owned by our clients for 3 ½ years and have enjoyed the convivial clientele that they have built up. The size of the business has become a problem due to personal health issues of one of the couple and are purchasing a smaller business through GA-SELECT (not local) Latest accounts show Sales of £268,000 all Wet plus Food Sales with a Net Profit of £31,000 after paying all trade expenses including rent having lived virtually free out of the business. The pub has become a favoured “watering hole” for locals and has developed a reputation for unique offerings including a popular “FIZZ FRIDAY” where chilled bottles of Prosecco flow and “sharing platters” are served up providing “relaxed adult dining” & “food pause” within an everyday local popular as a Pub as a Meeting Place.
THIS IS A HIDDEN TREASURE AND SHOULD BE GIVEN EARLY CONSIDERATION BEFORE BEING SNAPPED UP.
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 associates will be pleased to advise and assist in the purchase of this outstanding business.
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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