Taverns for sale in Northamptonshire

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Imran Ahmed (Nov 2014)
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Leasehold Price: £249,000
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Business Description

Property Details


CRACKING 16TH CENTURY COACHING INN ENVIABLY POSITIONED ENJOYING A FAVOURED AFFLUENT LOCALE WITHIN THE NORTHERN HOME COUNTIES ADJACENT WELL KNOWN COUNTRY PARK MINUTES FROM ALTHORP HOUSE SAME FAMILY OWNERS 29 YEARS.



  • Accounts confirm RNPs in excess of £170,000+(£200,000 opportunity) From sales of £547,616 inc vat 54% GP 26% Wet 57% Dry 17% Guest lettings

  • Traditional period split level bar comprising Lounge (40+) locals bar (30+) with beams and open fires. 

  • Voted 1 of top 10 Real Ales pubs in UK by TripAdvisor. 

  • Separate 5-star Guest accommodation (5 rooms) within courtyard

  • This business has much further potential in younger enthused hands

  • Owners well-kept 2 bedroomed apartment  


 


LOCATION (NN6 9BX) 


www.coachandhorsesbrixworth.co.uk 


This Historic 16th century coaching Inn sits in the picturesque Anglo Saxon village of BRIXWORTH, which is adjacent to BRIXWORTH COUNTRY PARK attracting sailing and fishing enthusiasts to Pitsford Water. The park attracts over 500k visitors p.a. with many choosing to stay and eat locally. Resting place of Princess Diane Althorp House is 7 miles away, set in 550 acres of Parkland, a huge visitor and cultural centre, attracting millions of visitors each year. Brixworth also houses large international businesses attracting overseas clients. A classic Home Counties village with a population of circa 6000 affluent residents within expensive new build executive style homes along with traditional weathered local stone construction. Sitting on the old Coaching route of (Market) Harborough Road – A508- it links with the A14, M1, M6 providing easy commute to the Countries Capital City. Other noteworthy locales are Lamport Hall, Holdenby House, Silverstone Circuit & Towcester Race Course. National Trust landmark properties are too many to mention.


PROPERTY DESCRIPTION


This stunning detached 16th Century Coaching Inn is of local iron-stone construction under a pitched thatched roof. The interior spaces are very well maintained with traditional wooden beams, open fires and naturally lit alcoves. The warm welcoming LOUNGE BAR (40+covers) has a traditional beamed ceiling, open fire high quality seating and wooden tables throughout. A CENTRAL BAR SERVERY has a full range of “hand pulls” with access to DEEP STORE/CELLAR. The LOCALS BAR (30+ covers) has a log burner in brick fireplace, leather sofas give a warm ambience alongside traditional seating. A good size CATERING KITCHEN is fully equipped to a high standard. FACILITIES for ladies & gents are in excellent condition. 


OWNERS ACCOMMODATION


The first floor comprises a 2 bedroom apartment with lounge, bathroom and fully fitted kitchen to a good standard; this area is currently let but could benefit new owners. Separate access from corridor adjacent to bar. The second floor is situated under original beams and apex of thatched roof it houses a further bedroom and store rooms. This could be developed for owner, staff or guest rooms further enhancing the property.  


GUEST ACCOMMODATION


Luxury, 4-star Guest accommodations in the stable courtyard situated at the rear of the quaint inn. All 5 rooms (2 Double, 2 Twin & 1 Single) of the B&B are finished to a high quality and have colour TV and tea and coffee-making facilities, as well as en-suite power showers.


EXTERNALS


There is ample parking for over 20 vehicles in adjacent car park, smoking shelter and pretty rear patio with access to both bars.


WHAT THE CUSTOMERS SAY


The Coach and Horses has been rated as one of the top ten real ale pubs in the UK by tripadvisor.com. Reviews such as “Quaint, Convenient and Loveable”, “Hard to beat for value, comfort and style - a perfect place to stay” are just a few of the comments which can be found at www.tripadvisor.com


PREMISES LICENSES


We are advised that the business has a Premises licence which allows the provision of alcohol from 11am till 12am all week. The current hours are Monday through Saturday 11:30 - 14:30 and 17:00 until closing (food served 12:00 - 14:00 and 17:30 - 21:00). Sunday open all day with (food served until 21:00, Roast Dinner until 16:00) therefore there is an opportunity to realise further potential within the current licence hours A Personal License will be required and our training associates can assist with this for you.


TENURE


We are instructed to offer the properties and business for sale as an Assignment of a 10-year Landlord & Tenant protected (fully renewable at its end under no less favourable conditions at no further premium) lease commencing 2015 from Wellington Pub Co, completely free of tie for all products. The current rent is £42,000 p.a.


SERVICES


We are advised that the pub benefits from all mains connected with gas central heating.


THE BUSINESS


This is a retirement sale by our clients whom have owned the business for 29 years choosing to run on part time hours and “traditional” split sessions. Accounts Y/E Apr 2014 show sales £547,416 inc VAT split 26% Wet 57% Dry 17% Acc giving rise to RECONSTITUTED NP of £170k+ (after allowing personal expenses and business model – our clients chose to employ Chefs & managers). Food is currently served 12-2 & 5.30-9 daily Monday through Saturday, Sunday is 12-9 which therefore gives rise to further opportunities for a willing professional to cater for the undoubted local and tourist trade.  With the available untraded hours and food provision sales for the business could easily exceed £650,000 p.a. with an earnings potential in excess of £200k providing a Return on Capital in a little over a year.


THIS IS AN ONCE IN A LIFETIME OPPORTUNITY TO ACQUIRE A SUSTAINABLE PROFITABLE FREEHOUSE INN WITH FURTHER GROWTH POTENTIAL WITHIN A LOCALE OF TIMELESS LIVING.


Accounts information will be made available to interested parties after viewing. 


Our finance 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 251208.


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: Leasehold

Listed by: GA Select
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