Pubs for sale in Northamptonshire

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 We were searching for a retirement business opportunity and we found it on 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £795,000
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Business Description
Strong Sales Foundation of £397,513 Inc. vat split 68% Dry 29% Wet 5% Guest letting 62% GP with RNP above six figures
64covers through Period, beamed Restaurant, Lounge & Snug, creaking with intriguing history
Separate stable conversion Cottage for holiday & short lettings
Beautiful garden (70) & paddock/field area (approx. 1acre footprint) Further potential STPP Parking (20)
Trip advisor Certificate of Excellence & Gold Good food award winners 2016/17
Owners 3 bed spacious accommodation with separate access
Fronting onto the A508 linking M1 (5 minutes) to Milton Keynes (9 Miles) the main village of Grafton Regis retains a wealth of charming period residential properties many dating back to the Middle Ages & the Church of St Mary which has dominated the skyline for 1,000 years. There has been a settlement on this site since 2500 BC and is mentioned in the Domesday Book. The village has a history of Royal patronage with King Henry V111 residing as his summer home. The village lies to the rear of the Inn which sits on a ridge of the valley of River Tove. The locale is popular with commuters working in the Capital City with Milton Keynes being just 30 minutes by train to Euston (180 trains daily). The Grand Union canal runs close by, this along with the many historic National Trust houses provides a magnet for day trippers & international visitors.
It is believed that the property dates back to the 1500’s and is detached of exquisite stone construction under a thatched roof holding a footprint of circa 1 acre. The business has 64 covers through its Restaurant(30c) Dining Lounge(16c) & Snug(18c) retaining many original features with heavy exposed ships beams, low ceilings and deep set windows. Furnishings are by way of benches, pews, high back leather dining chairs to polished dark wood dining tables on a quality patterned carpet which is fitted throughout. The rooms are linked and have a CENTRAL BAR SERVERY with padded front & polished counter top with Real Ale Wickets. BEER CELLAR is on split levels, CATERING KITCHEN has undergone some recent re-equipping and there is walk in refrigeration. Internal LADIES & GENTS facilities Inc. a ramp for customers with mobility problems.
This property on its own has a value of £200k. It comprises of 2 floors. To the ground is an open plan lounge with double pull out sofa bed, Hi Spec fitted kitchen, 42 inch HD TV & WIFI, to the upper floor there is a King Sized bed with en-suite double Monsoon Shower.
Located to the 1st floor it has both internal & external access. 3 Double Bedrooms, 1 en-suite, bathroom, study (could be 4th Bedroom), kitchen, generous living room.
One of its many “jewels in its crown” is the charming garden (70) with part slabbing and lawns with inspiring foliage & flowers. The patio area has modern garden furnishings & large umbrellas. A range of out building could be brought into the business with even the inclusion of a Craft Brewery STPPs to complement its food offer. Parking is available for 20 with further parking available on its paddock. A further area is included to the bottom right of the paddock. These areas could be utilised for Wooden Holiday Lodges FTPP
We are advised that the business has a license for dispensing Alcoholic beverages from 11am through until 2am all week except Sunday which allows 11am till 1am. Current hours of opening are Closed all day Monday then 12noon till 2.30pm and re-opens 6pm till 11pm. By utilising these available but used hours the revenue of the business could be greatly enhanced.
We are instructed by our private clients to offer by way of total Freehold with VP however our client has stated that they would assist in the initial hand over period.
We are advised that the business benefits from all mains connected. Rates & Water payable are advised at £14,800p.a.
Our clients are selling due to personal health reasons and have instructed GA-SELECT to offer to the market for the 1st time in 20 years. The business has a strong regular clientele following as you will see on Trip-Advisor with the addition of tourism especially those foreign visitors exploring out of London. Extra sales and disposable profits are available as stated previously. Sales on P&Ls 2015/16 confirm circa £397,513 Inc. vat on a slit of 68% Dry 29% Wet 5% Holiday Lets. The accounts show a GP of £206,373 (62%) With a disposable RNP (after one of expenses Inc. finance, depreciation etc.) well into 6 figures.
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.
Tenure: Freehold

Listed by: GA Select
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