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Free Of Tie Traditional Pub and Restaurant

Gainsborough, Lincolnshire
Freehold Price:
£369,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
173591
Reference
3107 F / Rightbiz

Details

Business
Hilton Smythe is delighted to welcome to the market The Ingram Arms. The business has been in our client’s ownership since 1980. They are now looking to sell the business due to the desire to take a well-deserved retirement.

The business runs as a traditional community pub with a restaurant that sells high quality homemade fayre. The premise also comes with two potential letting rooms which are located on the first floor. There is also an owner’s accommodation which is ready to be moved into.

The menu hosts classics with a twist, this includes chilli con carne, sweet and sour chicken, vegetable lasagne, stir fried Malay king prawns and much more. These great meals are served daily and all day Sunday.

The business has an excellent reputation in the town for the quality of its food and beer. The pub receives a generous amount of repeat loyal trade from the locals as this is a heavy populated area.

The restaurant area is located in the conservatory and is kept separate from the bustling pub to allow for a relaxed laid back feel. This space would also be perfect for private function and parties. The pub does have an entertainment licence, which allows for live music events.

We are advised the current turnover for the business is an advised £215,000 as of the 2017 accounts with a gross profit of 52%. This is brilliant however we feel this could be increased in several ways.

The letting rooms aren’t currently being used as letting rooms, and so the purchaser should look into this option. It will bring in an extra income to boost the overall figure and it would also fit in well with the business. The rooms could be advertised on the business website www.ingramarms.co.uk and also on websites such as Booking.com.

The pub promotes its food and services on the Facebook page which provides a great amount of information about the business. The page is updated with photos and any up and coming events. There are over 600 followers on this page which is fantastic. There are also some great reviews on TripAdvisor.

This is a fantastic opportunity for a husband and wife team with experience in the trade who wish to run an already successful business. Hilton Smythe highly advise early viewing to avoid disappointment.

Location
The Ingram Arms is located in Laughton, Gainsborough, Lincolnshire.

The pub is situated in a densely populated part of the village, from which the business receives much of its trade. Directly facing the business are recently built residential properties, above these premises you can see the village church tower. There are also farm fields located to the right of the business.

The area is a popular destination for tourists and with this front facing location the business benefits from the heavy amounts of passing trade.

The pub is approximately just a 2 minute drive away from the A159 which is the main A-road in the area. The road runs from Scunthorpe through to Gainsborough. There is a bus stop directly outside the premise which has regular daily routes.

Premises
Front and rear entrance doors.

Rear doors lead into inner hall area and access to Ladies & gents w/c’s.

Stairs access to letting rooms and owners accommodation.

Large open plan bar area with feature open fireplace.
Seating and tables for 35 x covers plus separate room for 20 x covers.
Restaurant Area (conservatory) 40 x covers
Large full length bar with 12 x pumps plus soft drinks dispenser, optics, 2 x 1 x door bottle chillers, glasswasher, 2 x tills (1 x food, 1 x bar)

Kitchen with:
6 x burner cooker, double fryer, Lincat Fryer, Turbo oven, 3 x microwaves, toaster, Upright commercial fridge, plate warmer, 6 x pot bain, dishwasher, grill, double commercial sink, 4 x s/s prep tables, extraction system.

Prep room with:
4 x upright freezers, 2 x upright fridges, 1 x small fridge, 1 x 2 x door commercial fridge, washing machine, dryer, microwave, meat slicer, ice maker, commercial sink.

Ground Floor Cellar, fully pumped and piped, 3 x chest freezers

Owners Accommodation with:
Large Lounge
Large Kitchen/dining room with patio doors leading to roof top garden
Master Bedroom with en-suite shower
Small double bedroom.

Letting rooms:
Letting room 1. Large double with en-suite shower
Letting room 2. Twin room with en-suite shower

Street frontage
Side and rear car parking areas – up to 45 cars
Rear patio area with bench seating for 48
Outbuilding with potato storage, rumbler and chipper
Old stable block – currently used for storage but suitable for conversion to letting rooms.

Tenure
We are advised the business is freehold.

Hours
The business is open-

Monday - Thursday: 12pm - 2pm & 5pm - 11pm
Friday: 12pm - 2pm & 5pm – 12am
Saturday: 12pm - 2pm & 5pm – 12am
Sunday: All day

Staff
The business is run and managed by our clients with the help of 12 part time members of staff.

Financial Profile
The business generates a turnover in the region of £199,000 as of the 2018 accounts.
With a gross profit of around 54%

Seller Details
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Listing Details
Freehold Price: £369,950
Tenure: Freehold
Sector: Restaurants, Pubs
Financials
Annual Turnover: £199,138
Key Features
  • Price Reduced
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Location Statistics
What's nearbyi:
Edward M I Fowler (approx. 0 mile)
Gainsborough Methodist Church (approx. 0 mile)
Roseway Car Park (approx. 0 mile)
The Gainsborough Heritage Centre (approx. 0 mile)
Linc IT (approx. 0 mile)
Travelodge Gainsborough (approx. 0 mile)
Listing Statistics
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