Public Houses for sale in Furness Vale

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 Daltons was easy to use and resulted in a number of very positive leads. 

Mr K. Hall (November 2016)
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Business Description

BEAUTIFULLY PROPORTIONED 18TH CENTURY COACHING INN OF GREAT CHARACTER OFFERING EXCELLENT SUSTAINABLE RETURNS LOCATED WITHIN THE MUCH-SOUGHT AFTER DERBYSHIRE NATIONAL PARK RETAINING A WEALTH OF CHARM



  • Strong and consistent trading history, sales year ending March 2017, £390,468 Inc. vat split 63% Wet 30% Dry 7% Guest letting ~ 60% GP with adjusted net profit of circa 6 figures - circa 275 composite barrelage (36gls) p.a.

  • 76 covers through well-presented Bar, Snug & 2 dining lounges with central bar servery.

  • 6 Tastefully recently refurbished en-suite guest bedrooms – Total of 3270 sq. ft. with 1531 sq. ft. to ground floor

  • Sits unmissable on A6 Buxton Road as Gateway to Peaks from Grt Manchester with 2.8 million residents

  • Owners flexible 2/4 bed accommodation


LOCATION (SK23 7PH) www.soldierdick.co.uk
This pleasing business commands an unmissable position on the busy A6 within the HIGH PEAKS, the village being residential in nature. The National park is the oldest & most visited in Britain. The village of FURNESS VALE population 1600, sits between New Mills with a population of 10,000 & Whaley Bridge population 6,500, 5 miles from the Historic Georgian Market & Spa of BUXTON population 22,500. Acting as a Gateway to the Derbyshire’s Peak District National Park from Greater Manchester with a population of 2.8 million the Inn is passed by 10s of 1000s of vehicles daily many of which are visiting the splendours of The Peaks with all its country pursuits, fine National Trust properties, Chatsworth House, Ancient market towns, pretty hamlet’s , unspoilt Country Villages, nature reserves & even an Inland Waterway Marina, encapsulating all that is good about Britain capturing and the broadest customer base. The Inn is just a stone’s throw from its front door to the Main Line Rail Station and has a bus stop adjacent.


PROPERTY DESCRIPTION
This is a substantial property steeped in history, of brick construction under a pitched tiled roof, over 3 stories. It is believed that the property dates to the 18th Century as a Coaching & Posting Inn on the Buxton to Stockport turnpike looking after the needs of the coaching traveller and local villagers, in modern days catering for the local community, day trippers and those enjoying the idyllic positioning of its geographic hot spot. The property has disabled access from the rear car park through a lobby into the main trading areas comprising of a Snug (16) through bar (16) into 2 dining lounges (24 & 20c). There is a mix of floor coverings with hard stripped Oak & softer carpeting, furnished with relaxing leather sofas, High stools, high back padded chairs to polished wood dining tables, pews, a feature open fireplace of local stone, acting as a warming magnet during winter months, with large dog grate. CENTRAL BAR SERVERY with exceptional back-fittings for merchandising, a bank of Real Ale Wickets and Bright Beer Pumps along with a bar mounted coffee machine LARGE BEER CELLAR fully chilled & racked for real ales. Toilet FACILITES for Ladies, Gents & Disabled Guests. Fully equipped CATERING KITCHEN with professionally fitted S/S extraction and a range of S/S units & refrigeration.


GUEST ACCOMODATION
Recently refurbished & In keeping with the general target “quality” market for this pleasing Inn offering a balanced 6 traditional comfortable en-suite guest bedrooms, single, double & twin, all with Hypoallergenic Beds, High speed wi-fi, LCD Freeview TV & creature comfort facilities.


OWNERS ACCOMMODATION
Comprises of a flexible range of rooms including 2/4 Bedrooms (depending upon requirements) Fitted kitchen, Private lounge & Bathroom.


EXTERNALS
The property has a long curb frontage to the A6 and to its rear hard surface parking for 22 vehicles and along with a terraced patio for 30.


PREMISES LICENSES
We are advised that the business has a license for dispensing Alcoholic beverages from 10am through until 12 midnight all week with Saturday 10am till 1am. Actual hours of opening are M/F 12noon till 11pm Sat/Sun 10am till 11pm.


TENURE
We are instructed by our private clients to offer a unique agreement which sits between the flexibility of a tenancy to run your own business but with managed house levels of support. Never before has such an agreement been seen by us. The landlord will offer a 3 year rolling rental agreement, with a supply tie, but affording exceptionally competitive free trade prices with a rental of £36,500 p.a. Index linked annually and reviewed every 3 years. A ¼ rent deposit will be required with the rent paid monthly in advance. The landlord will procure and enter into highly competitive contracts for all mains services, licenses and other contractual services the business will require and recharge the operator, with annual estimates provided at the start of the agreement and changes notified at the end of any contract. Interested parties will require funding to cover 25% of rent deposit (£9,125), 1st month’s rent in advance (£3,041) and service charge (£2,508) in advance. The following will be subject to valuation on the day but envisaged to be; stock & glassware (£7,500 depending on time of week), crockery & linen (£1,000). In addition to the above the operator will require sufficient funds for working capital and legal fees. The operator will have the option to purchase the fixtures and fittings outright, subject to individual valuation (anticipated £30,000) or rent at an agreed fixed 20% of the value per annum. The operator will be liable for a one-off introducer/arrangement fee of £8000 + vat due to GA-Select (Non-Negotiable) at the completion of the arrangement.


SERVICES
We understand that the business benefits from all mains connected. 2017 Business Rates payable are advised at £2,665p.a.


THE BUSINESS
Never have we seen before an agreement of this type whereby the landlord is looking to hand over the day to day running, enjoyment and majority share of total profit without the command of a goodwill premium. This most charming Award Winning Historic Inn is perfectly placed for both a newcomer to the industry along with experienced individuals whom are disgruntled with the lack of financial returns a conventional brewery/pub company tenancy provides. The accounts for last year show gross turnover at £390,468 with some exceptional spend within the year, producing an anticipated net disposable profit before adjustments of £50K after paying all trade expenses including rent having lived on the premises, out of the business. Full accounting information along with projections for year ending 2018 will be made available to seriously interested parties after viewing.


OUR BUSINESS MANAGERS RECOMMEND THAT SERIOUS EARLY CONSIDERATION BE AFFORDED TO THIS BUSINESS DUE TO ITS RARITY AND POSITIONING WITHIN A MUCH-SOUGHT AFTER LOCALE OF SUSTAINABLE REVENUE.


To secure this business a Non-Refundable 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.

Listed by: GA Select
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