Restaurants for sale in Buxton

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S Martin (Feb 2013)
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Freehold Price: £495,000 Annual Turnover: £70,123 Annual Gross Profit: £38,607
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Business Description
BUSINESS
Hilton Smythe welcomes to the market Queens Hotel. This is a long established business; the pub was originally opened in 1898. Our client took over the business over 24 years ago and is now looking to sell the business, due to the desire to take a well-deserved retirement.

This is a popular business that receives a generous amount of trade from the locals. This residential village is highly supportive of local businesses. As well as local custom, the pub sees a huge amount of custom from passing trade and tourists. The pub has its own car park and with the main road location, customers can easily call in.

The business trade is currently 80/20 wet dry split. Our client hosts weekly Sunday buffets, this is very popular with customers. The pub also boasts a selection of alcohol, both bottle and barrel.

Barrels per week-

4 X 9s - Cask Ale

5 X 11s - Carling

1 X 11s - Dark Mild

1 X 11s - Becks

1 X 11s - Budweiser

1 X 11s - Dark Fruit

1 X 11s - smooth Bitter

Above the pub are 4 bed and breakfast letting rooms, with a potential 5th. These can be booked through booking.com. These rooms are popular with tourists and workers traveling across country. There is a big market for bed and breakfasts in this location, the new owner could look to expand into this competitive market.

The business is currently generating an advised turnover of around £70,000 per annum, with a gross profit of 55%. This is a healthy turnover with huge scope to increase.

The owner currently opens in the evenings and serves very little food. Opening earlier and extending the food range would be an excellent way of boosting income. Food places are in high demand in this location, so there is great potential for the new owner.

The pub has separate areas, which can be split off. One of the rooms would be perfect for private functions; another is a pool room, were regular team events used to take place. Sports teams are a great way of attracting repeat loyal trade.

Included in the sale is an owner’s accommodation, making this a great business for those looking to relocate to the area. This multi-facet business would make an excellent opportunity for a husband and wife team, with experience in running a fast paced business.

Hilton Smythe highly advise early viewing to take in the full potential of the trade.

LOCATION
Queens Hotel is located in Dove Holes, Buxton, Derbyshire.

The business boasts a prominent trading location, on a busy main road. This is a fantastic location for a busy pub and bed and breakfast business. The area receives a heavy amount of footfall due to the main road location. The road on which the business is located is the A6, this road runs from the centre of Manchester down to Derby.

Dove Holes is a village in the High Peak district of Derbyshire, which is well-known for its limestone quarries. This is a popular residential village that is surrounded by rolling fields and country parks. There are many places of interest to visit within the area, such as Buxton Crescent, Buxton Museum, Chestnut Centre, The Bull Ring and Poole's Cavern and Grin Low Country Park. Due to the many places to visit, the town receives a large amount of tourist attention, from walkers, bikers and hikers; allowing for a generous amount of trade.

There are several bus stops close by, with regular routes to Buxton and also Manchester airport. The closest train station is also just a short 5 minute walk away from the business. The area has exceptional public transport and road links. Stockport, Manchester, Sheffield and Stoke-On-Trent are an easy drive, using these excellent road connections.

PREMISES
Queens Hotel boasts a substantial detached premise, in a prominent trading location. This is a beautiful stone built property that fits in well with its surrounding. The front of the property is complete with hanging baskets and plant pots. To the front and side of the property is signed.

This is a corner property with a large car park to the rear. There is ample parking and a double detached garage for further storage.

Basement

Extremely large cellar with low ceilings. There are three rooms, one for all beer barrels the others are used by the vendor as storage.

Ground Floor

Pool Room, located off the main bar and can be fully closed off if required. Our client previously had pool teams, which have since moved away. The main bar is located in the middle of the premises, it's in a great position, to cater for both the pool room and large dining area.

The dining area has approximately 40 covers, this is where the vendor currently hosts a Sunday lunch buffet.

There is a medium to large commercial kitchen, this is located to the rear of the premises behind the main bar. The kitchen is fully equipped, completed with stainless steel fixtures and fittings.

There is also another separate lounge/dining room located on this floor, it is to the left of the main bar; this space can also be completely shut off, perfect for private functions.

Male and female toilets are located in the main bar accessible from all 3 rooms.

First floor

On the first floor is the bed and breakfast rooms. There are 4 rooms in total, which are as follows-

One twin room with en-suite.

Two family Rooms with en-suites.

One single room with en-suite.

All rooms are tidy and of a generous size.

Included in the sale is the owner’s accommodation. This space is also set out on the first floor.

One large bedroom with en-suite.

Office, which could be used as a further bed and breakfast single room, or owner’s bedroom.

Large kitchen

Large lounge room

Equipment included in the sale is as follows-

Bar equipment

Till

Kitchen equipment

Beds

Tables

Chairs

TENURE
We are advised the business is being sold as a Freehold opportunity.

HOURS
The business opening hours-

Monday - Thursday: 7pm – 1am

Friday & Saturday: 7pm – 2am

Sunday: 7pm – 1am

STAFF
The business is run and managed by our client, with the help of two part time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £70,000 per annum.

Gross profit 55%



Tenure: Freehold

Listed by: Hilton Smythe
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