8148L

SUBSTANTIAL POPULAR AND THRIVING UNOPPOSED INN LOCATED IN THE DELIGHTFUL AND AFFLUENT STAFFORDSHIRE VILLAGE OF DOSTHILL ONLY 2 MILES FROM TAMWORTH

8148L


  • Nestled between the M42 and M6 Toll motorways close to Drayton Manor Theme Park and only 2.5 miles from the centre of Tamworth.
  • Bar (c25+ plus standing) with exposed wooden ceiling beams, air conditioning and games facilities.
  • Lounge (c48+ plus standing) with exposed wooden joists & rafters, exposed brickwork & 4 cask ales.
  • Foxy’s Lounge & Family Room (c20+) with comfy seating, games area, Pool table and vending machines – *Provides immense opportunity to convert back to a c30 cover restaurant area if desired.
  • Decked and grassed al fresco garden areas (circa 96+) : Hard standing patio area (circa 26+) : Patron’s lined car park ; Heated & lit smoking solution.
  • Partially equipped commercial catering kitchen (minimal use).
  • Delightful and spacious 3 double bedroom owners’ accommodation.
  • Advised turnover circa £457,951 (incl. VAT) for year ending 30th September 2017.
  • Trade 97% Wet sales ; 3% Food sales.
  • Highly attractive old ‘Whitbread’ lease with tie releases of Cider, Wines, Spirits, Mins & machines.
A FANTASTIC OPPORTUNITY TO ACQUIRE A THRIVING AND DESIRABLE UNOPPOSED BUSINESS AVAILABLE FOR ONLY THE SECOND TIME IN 25 YEARS.


ASKING PRICE £95,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This desirable inn is located in the affluent family-based Staffordshire commuter village of Dosthill sitting only 2 miles from the famous ‘Snowdome’ market town of Tamworth.

This populous village has a highly commended Primary school, a few village shops, a church and an inn. It also sits on a regular bus route with a stop directly outside the front door. Nearby points of interest include the ever-popular Drayton Manor Theme Park and Twycross Zoo with Lichfield, Birmingham and Sutton Coldfield all within easy reach. The local motorway networks are excellent with M42, M6, M6 Toll and A5 all easily accessible.

THE PROPERTY

This unopposed inn is of rendered brick construction and sits under a pitched, tiled apex roof. Entrances to the front, side and rear provide access to all the trading areas. These consist of:

Bar (circa 25+ plus standing) has loose tables and high & low stools complimented by upholstered perimeter bench seating all sitting on a laminate wood floor. The room is air conditioned and has exposed wooden beams to the ceiling. There is a pool table, darts throw, Juke Box, AWP, 3 x HDTV’s and a large screen with ceiling projector. To one end is a very well-presented bar server of wood construction covered in pump clips that show the many cask ales that have been sold over the years.

Lounge (circa 48+ plus standing) is full of character and rustic charm. Loose tables and stools are complimented by upholstered perimeter bench seating beneath an open ceiling with original wooden rafters and joists on show. The room is fully carpeted and to either end are exposed brick-built fireplaces with decorative electric fires within. The room has further areas of exposed brickwork and a projector with a big screen discreetly tucked away. There is a central bar server of wood construction with an altro perimeter and 4 cask ales on offer.

Foxy’s Lounge & Family Room (circa 20+) is a multi-use room that was previously a restaurant area. Now used as a family room with comfy leather settees and pouffes sitting on a carpeted floor leading though to a small pool room with a laminate floor and several vending machines for the younger clientele. To the side wall is a door that leads out onto the spacious decked and grassed garden al fresco area to the rear of the property. To one end is a brick-built server originally used as a service area for food and this in turn leads through to the kitchen area behind.

2 x Ladies (1 inc accessible), 2 x Gents W.C.’s.

CCTV throughout.

There is a partially equipped commercial catering Kitchen with stainless-steel appliances and surfaces (appliances not tested) and 5* EHO rating.

A separate fridge/freezer storage area leads off. Below Ground Floor Beer Cellar with python, remote, cask tilts etc.

OWNERS ACCOMMODATION

The highly delightful and spacious owner’s accommodation is situated on the 1st floor and attic space. This is presented in excellent condition and briefly comprises of: 3 double bedrooms, a lounge, Kitchen, Office, Shower room and WC. There is also a lovely private rooftop garden area, private yard and storage space.

EXTERNAL

To the front of the property is a small hard standing area with wooden picnic benches (c26 covers) set amongst colourful hanging baskets and planters. To the rear of the property is a substantial elevated decked area with aluminium tables and chairs (circa 36+). This overlooks the large Al fresco grassed garden area with wooden picnic benches (c60+ covers) with established wooded and shrubbery borders making this a popular place to sit in the warmer weather. To the side of the property is the patrons lined car park with space for circa 34+ cars. There is also a heated and lit smoking solution to the rear.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon - Thurs 10am to 12.30am

Fri - Sun 10am to 1.30am

Current opening hours are:

Monday 5pm to 10.30pm

Tues - Thurs 4pm to 11pm

Friday 2pm to midnight

Saturday 12noon to midnight

Sunday 12noon to 11pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 4 years remaining of the well-respected Whitbread (now Star Bars) full repairing and insuring, renewable agreement. We are advised that the inn is free of tie on wines, spirits, minerals, cider and machines whilst also attracting healthy ‘off invoice’ discounts. We are informed that the rent is currently circa £41,000 per annum to be reviewed in 2022. We are also advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services being connected (no services seen or tested). Business rates payable are advised as currently being circa £16,180 per annum.

THE BUSINESS

The current owners purchased the business in 2006 and have since created a popular business offering quality drinks and food (to include bar snacks and a popular pizza offer) to a loyal, repeat and desirable clientele. The business is currently run by our vendor clients themselves assisted by 1 full and circa 4-part time/casual members of staff. They are now looking to sell the business on in order to be able to take life at a more leisurely pace. The business sits at the heart of the local community and not only plays host to 2 pool teams and 2 x weekly quiz nights but also accommodates a weekly poker night, a golf society, occasional entertainment and party nights when required. We are advised that the profitable accounts declare takings of circa £457,951 inclusive of VAT for year ending 30th September 2017 on a trade split of 97% Wet sales and 3% Food sales. Turnover for 2018 is forecast to be at a similar level. New owners could continue to operate the business using the same successful formula or they may wish to take the business to the next level. In our opinion this could be achieved by taking advantage of extending the opening hours whilst looking at the opportunity to re-introduce the 30+ cover Restaurant (currently the family room) and introducing breakfasts, afternoon teas and evening meals.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

Details prepared September 2018.

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