Restaurants for sale in Belper

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Ian McGregor (Nov 2013)
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Leasehold Price: £40,000 Turnover: £190,000
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Business Description
Hilton Smythe are delighted to welcome to the market this well-established and very popular public house and restaurant business in Belper, Derbyshire.

The business was originally established in the early 1900s and has been in our client’s careful ownership since 2007. Only now is the business being offered to the market due to our client’s desire for a change of direction. The business operates 7 days per week and generates a turnover in the region of £190,000 per annum, with a good gross profit.

The business was totally refurbished when our client took over the business in 2007 and now serves a large variety of home cooked fayre, wines, soft drinks and beers, including two Real Ales, which were recently awarded the Cask Marque Award. The business boasts an excellent reputation for the carvery, which is served most days of the week, as well as the all-day menu and specials board.

The Devonshire offers a bright and spacious restaurant with 42 covers and can cater for large parties, as well as a separate television area and a smaller snug with sofas. Externally there is a fantastic outdoor terrace with a heated smoking shelter.

The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel the turnover could be increased by extending the opening hours and embarking on a modest marketing campaign to highlight the business. There are external buildings with the property, which have development potential and could offer accommodation or be used as function rooms, with the relevant planning consent.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

The Devonshire occupies substantial two-storey premises, ideally located in the town of Belper, Derbyshire. The business is situated on the very busy Bridge Street, therefore benefiting from a very high volume of footfall and passing trade. The public house further benefits from its own car park to the rear of the premises. The Devonshire is surrounded by densely populated residential areas, from which the business derives much of its trade.

Belper is a small market town on the River Derwent. The town has a history dating back to Norman times and was originally known for nail making. The town is now a central point of the Derwent Valley Mills World Heritage Site, with much of the older parts being within the Belper and Milford Conservation Area.                                                            

The area of the business is well-served by the public transport system, with several bus stops being within easy walking distance of the property. Belper railway station is just over 5 minutes’ walk away. The area is also well served by the A-roads, with the business being located on the A6, which links to the national A-road and motorway networks. Derby is approximately 8½ miles away and Nottingham is 19 miles away.

Attractive stone built property in a prominent trading position, briefly comprising:

Main bar area with:

Immaculately presented.

Feature alcoves.

Beamed ceiling with LED lighting.

Bespoke timber bar.

Flagged flooring.

Coffee machine.

Glass washer.

Drink chiller units.

Carvery area with serve over food warmers and seven pot Bain Marie.

Seating area with carpeted flooring.

Seating area with stripped wooden flooring and stone built feature fireplace.

Seating area with stripped wooden flooring, exposed stonework wall and wooden panelling.

The seating areas hold 42 x covers.

Commercial kitchen with:

Wash up area with stainless steel double sinks and drainers.

Free standing stainless steel storage unit.

2 x upright freezers.

Upright refrigerator.

Larder refrigerator.

Full extraction system.

Gas cooker with 6 x burners and oven.

Six pot Bain Marie.

2 x stainless steel refrigerators.

2 x microwave ovens.

Under counter refrigerator with salad bar.

Double deep fat fryer.

Stainless steel sink unit with utensil storage above.

The kitchen has recently been refitted at considerable cost and boasts a 3 star hygine rating.

First floor with:

Kitchen with a range of base and wall units, work tops and space for a dishwasher, cooker and washing machine.

Family bathroom with bath, electric shower and airing cupboard.

Separate WC.

Lounge area.

3 x double bedrooms.

Good sized office.

Storage cupboard.

Second floor with:

2 x rooms, currently used for storage but could be converted to additional bedrooms.

External with:

Good signage.

Large car park to rear.

Attractive patio area with approximately 30 covers.

2 x stone built buildings, currently used for storage and a personal gym.

We are advised Leasehold:

Original lease length: 5 years

Remaining lease length: 5 years as of May 2016

Review every: 5 years

Rent: £25,000 per annum

The business is open:

Monday: 5.00pm – 12.00am

Tuesday – Friday: 12.00pm – 3.00pm and 5.00pm – 12.00am

Saturday: 12.00pm – 12.00am

Sunday: 12.00pm – 8.00pm

The business is owner run and managed with 1 x full time and 1 x part time staff members.

The business generates a turnover in the region of £190,000 per annum, with a good gross profit.

Tenure: Leasehold

Listed by: Hilton Smythe
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