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The Bell Inn Successful Village Freehouse

Spalding, Lincolnshire
Freehold Price:
£269,500
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
221945
Reference
K01612F / Rightbiz

Details

PRICE REDUCED
A very exciting opportunity to purchase a charming, traditional Freehold, Free of Tie, public house which enjoys the prime trading position within the much sought after village of Gosberton Lincolnshire. A Co-Op supermarket, Village Store and Butchers are all successful within the village as are Doctors surgery, Dentist and a number of Hairdressers and Barbers evidencing how buoyant this village is. This business attracts high levels of regular local and passing trade, with a loyal customer base and the stability that brings with it return custom from passersby. An already successful business which offers genuine scope for further growth and profitability offering you a decent Return on Investment.

Refurbished to high standards throughout, the business boasts an impressive turnover of circa £120,000 net of VAT.
Further development of the business by the new owners could see an increase in functions within the newly created function room and opportunity to convert existing space into guest accommodation very easily.

The Property

Wonderful exposed old local clay brick construction under a tiled pitch roof with a white-washed front fac%u0327ade which complement each other beautifully.
Prime road-side trading position using both numbers 83 & 85 High Street this lovely building is tastefully sign written with a hanging sign that requires no words in the title.

Pool and Darts room – Inside right

Through the front door and vestibule to the right hand side is the dedicated Pool and Darts room – for the dedicated Pool and Darts players of course! Carpeted flooring with delightful wooden paneling, open fireplace and brass lighting.
A combination of free standing tables and high stools fits well with the purpose of this room. A servery bar area facilitates drinks provision and also access to the main bar area for waiting and bar staff.

Lounge Bar – Inside left

Turning left into the lounge bar we enjoy “What a real pub should look like” (quote from a customer). This business is like a new pin and is kept to impeccable standards throughout. Here we find a mixed seating option for 20 of tub chairs, upholstered benches, single chairs and iron legged tables as well as a host of upholstered high stools at the bar.

A log burner fire is a delight in the center of the bar with more well-polished wood paneling around the room. The bar itself is long and well provided for with hand pulls and highline beer taps as well as a user friendly back bar dispensary. Stairs to the rear of the lounge give access to the newly created function room.

The function room - upstairs

From the lounge bar wood paneling lined stairs lead to a large newly created function room with wheel backed chairs and wooden tables providing for 20 seated guests. Functions have begun here and the close proximity to the crematorium has seen an opportunity to cater for the Wake events.
On Sundays this area is very popular with diners who enjoy the great home cooked food of the current owner. Business development can easily be seen in the targeted marketing towards function provision and with the high standards already set, new owners could piggy back this to great success.

Outside Areas and Accommodation

The owner’s accommodation is very homely and is obviously a very cosy place to be. It is however large and able to be split in half with each side effectively being self-serving. This offers the opportunity to offer either guest accommodation in the form of Bed and Breakfast or as a self- contained holiday let. Separate external entrance and exit is in place already so this additional income stream could be very easily and cost effectively achieved.

Kitchen and external areas

The catering kitchen for this busy pub is well set out and comprises of catering standard stainless steel work tops and gas 6 burner double oven and extraction ducting as one would expect it is fastidiously clean and fit for purpose.
The external areas to the rear are brightly white washed and are a lovely sun trap. Here we find a covered smokers shelter some bench seating for the warmer months. This is also access to the private car park with parking for about 6 cars, all again is in really great order with the upkeep being fastidious throughout.

Owners Accommodation

Pleasant well maintained owner’s accommodation is clearly cosy and in keeping with the rest of the business areas.
Large living space with four double bedrooms. built in its time as two stand alone buildings, the accommodation could very easily be separated into two equal halves offering business development opportunity for letting accommodation or Gite style holiday let without compromising on the living space.

Private secure office.

External Details

The Bell Inn is immaculately kept it has been the subject of fastidious refurbishment and maintenance to the exacting standards of our clients. The warmer months see a delightful sunny spot at the rear which is less used in the cooler months, but is still a valuable private space, the car park for up to six cars is a wonderful addition offering off road safety.

The Business

Turnover consistently circa £120,000 p/a (Net of VAT) evidences the stability of the core business. Growth potential for the new owners are held in the potentially easy conversion of existing owner’s accommodation into letting accommodation, targeted marketing of the function ability and quality to cater for group bookings is another as yet untapped growth area and one which produced high return on investment. Functions are regular events within this business and regularly cater for 100 - 150 for weddings and also funerals from the nearby Crematorium. Christmas is a bustling time as is the Sunday lunch trade seeing all areas of the business utilised.

 

 

Listing Details
Freehold Price: £269,500
Tenure: Freehold
Marketed By: KSA Commercial Ltd
Sector: Pubs, Restaurants
Website: http://www.ksa-commercial.co.uk/properties/successful-village-freehouse-ref-no-k01612f/
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Established Business
  • Fully Fitted
  • Price Reduced
  • With Accommodation
Map
Location Statistics
What's nearbyi:
Bes kebab (approx. 0 mile)
Spalding (approx. 0 mile)
Bus Station (Bay 7) (approx. 0 mile)
Bus Station (Bay 2) (approx. 0 mile)
Bus Station (Bay 6) (approx. 0 mile)
Bus Station (Bay 4) (approx. 0 mile)
Bus Station (Bay 8) (approx. 0 mile)
Bus Station (Bay 1) (approx. 0 mile)
Bus Station (Bay 5) (approx. 0 mile)
Chatterton Water Tower (approx. 0 mile)
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