Superb Character Public House/restaurant | | Mansfield Nottinghamshire | | SUPERB CHARACTER PUBLIC HOUSE/RESTAURANT - NOTTINGHAMSHIRE Stunning rural location in the village of Upper Longwith Turnover £132,099pa with 50% gross profit margins | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64515
ADVERT IMPRESSIONS : 14,319 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £39,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB CHARACTER PUBLIC HOUSE/RESTAURANT - NOTTINGHAMSHIRE
Stunning rural location in the village of Upper Longwith
Turnover £132,099pa with 50% gross profit margins
Excellent reputation within the local community
High quality 3 bed owners' accommodation
Early viewing a must to fully appreciate
Large beer garden and children's area
Imposing 2 storey stone built property
Scope for growth
LEASEHOLD
Location
This character public house/restaurant is located in an idyllic spot on the main through road of the village of Upper Longwith which is surrounded by open countryside and is found close to the affluent and picturesque cities of Mansfield and Chesterfield. Upper Longwith is a charming hamlet with a wide variety of quality period properties, local shops and a Post Office. The property is an imposing brick and rendered 2 storey Victorian building with a wealth of character and charm ideal for its unique setting at the heart of this pretty village. The business is set in its own grounds with large gardens and ample car parking. The village of Upper Longwith and the cities of Chesterfield and Mansfield have strong road links and can be accessed via the A632 and A60 trunk roads just 6 miles from the M1 leading to the national motorway network.
Business History
Meridian Business Sales are delighted to offer to the market this superb a well respected public house/restaurant which has been in the hands of our clients since 1999 and is only now being offered to the market due to their wish to take well earned retirement. During our clients stewardship they have completely refurbished all areas of the business culminating in a true walk-in and trade opportunity. Our clients have continually developed and improved the business introducing new income streams which has enhanced the turnover and this shows in the year on year growth of the business. Our clients inform us that the current annual turnover is £132,099 with a gross profit margin of 50%. This is derived from offering modern, simple and fine food using local fresh produce as well as an excellent selection of quality beers and wines. Customers of the business are wide and varied from both the local community and visitors to the area. This variety of custom enables the business to trade consistently on a year round basis. The business is enhanced by its' large beer garden with children's play house which is popular with families throughout the summer months. Meridian Business Sales urge early viewing of this superb opportunity so as to fully appreciate the quality of the business on offer and the future growth potential.
Financial Profile & Tenure
Turnover: £132,099pa, Gross profit: 50%
Stock approximately: £1,500, Rates: £2,500pa
Leasehold - Original length: 21 years
Remaining: 16 years, Review: 5 years
Rent: £24,525pa
Opening Hours
Monday to Saturday: 11:30am - 3:00pm > 7:00pm - 11:30pm
Sunday: 12:00pm - 3:00pm > 7:00pm - 11:00pm
Accommodation
Well maintained and presented two storey Victorian public house and restaurant with high quality owners' accommodation to the first floor, large beer garden and ample parking. Briefly comprising:
GROUND FLOOR - Main entrance with original flooring leading to:- Main bar with a range of quality freestanding furniture, fully equipped bar, feature fireplace with open fire and bar stools. Large lounge with fixed seating and tables plus fully equipped bar with feature display back bar, glass fronted fridges and shelving for glass storage. Restaurant room with own entrance from the car park equipped with a range of quality free standing furniture and wall art, feature fireplace, 32 plus covers plus quality carpeting and decoration. Separate area for coffee with comfy seating. Fully fitted stainless steel commercial kitchen with 6 burner range, Salamander grill, deep fat fryers and stainless steel preparation tables plus full wash up area with stainless steel sinks. Ladies and gents toilets. Store rooms and fully equipped cellar. Utility area and rear access to the garden. Central staircase leading to upper floors. Freezer room with freezer and fridges.
FIRST FLOOR - Large landing with quality carpet and decoration leading to owners fully fitted bathroom with three piece suite and shower, 1 x fully fitted kitchen with base and wall units plus integrated appliances, 1 x large lounge, 3 x double bedrooms, 1 x office with a range of office furniture could be additional bedroom (all rooms are tastefully decorated with quality carpets throughout) one of the bedrooms has an attached room ideal for conversion to en-suite.
EXTERNAL - Large tarmac car park for 40 plus cars, large tarmac area to the front of the property with seating, further parking to the side of the property, gardens to the rear of the property with children's play area and tree house, recycling area for the village and 2 x brick built storage garages. | | | | | | FOR SALE | | | | | REFERENCE: | 2186 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
