8156F

SUBSTANTIAL AND HIGHLY DESIRABLE UNOPPOSED FOOD DRIVEN FREEHOLD INN WITH 80 COVER RESTAURANT LOCATED IN THE DELIGHTFUL SOUGHT AFTER LINCOLNSHIRE VILLAGE OF EDENHAM

8156F


  • Pretty Lincolnshire village close to Grimsthorpe Castle, Park and Gardens and within easy reach of the A1, Stamford and Bourne.
  • Bar area (c45+) with exposed wooden ceiling joists and wall beams, 2 exposed stone-built fireplaces and a dog friendly area.
  • Restaurant (c80 Covers) with exposed wooden ceiling and wall beams, exposed stone walls and double doors leading out onto the spacious Al Fresco garden area.
  • Fully equipped commercial catering kitchen.
  • Grassed and flagstone patio Al Fresco garden area (circa 110+): Large lined Car park: Smoking solution.
  • 3 Double Bedroom (1en-suite) Owner’s accommodation with private access.
  • Advised annual turnover of circa £135,374 (incl.VAT) to end to 31st March 2018 (reduced hours).
  • Trade split is approx 80% Food: 20% Wet.
AN EXCELLENT OPPORTUNITY TO PURCHASE A SUBSTANTIAL FREEHOLD INN OFFERING MANY UNTAPPED OPPORTUNITIES


ASKING PRICE £330,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

The unopposed business is located in the sought-after pretty Lincolnshire village of Edenham sitting close to the fabulous Grimsthorpe Castle, Park & Gardens and surrounded by desirable Estate owned land and properties. Edenham itself has only an inn and a church however the bustling market town of Bourne is only 3 miles drive away. Other nearby points of interest include the Elizabethan Burghley House (famous for its annual horse trials), the historic town of Stamford and Grantham with its National Trust Belton House is also within easy reach. The local road networks are excellent and the A1 and A15 are both close by providing easy access in, out and around this beautiful county.

THE PROPERTY

This delightful rural Lincolnshire Inn is of stone-built construction and sits under a pitched, tiled apex roof. An attractive entrance porch to the side has exposed wooden wall beams and provides access to all the trading areas. These consist of:

Bar Area (circa 45+ plus standing) is an L-shaped room with a warm and welcoming atmosphere. Loose tables and chairs and upholstered perimeter bench seating all sit on areas of carpet and laminate floor. Exposed wooden ceiling joists and wall beams are complimented by 2 exposed stone-built fireplaces with open coal fires at each end. There is a wooden return bar server with oak perimeter and 3 cask ales on offer and a wall mounted HDTV to one end. The room even has a small dog friendly area used predominantly by the walkers who frequent the area.

Restaurant (80+ covers) is a delightful and substantial split-level room bursting with character and rustic charm. Loose tables, assorted dining chairs and minimal upholstered perimeter seating all sit on areas of carpet and oak flooring. Exposed wooden ceiling and walls beams are complimented by exposed stone walls and double doors to one side lead out onto the large al fresco garden area. There is also a wooden bar server to service this self-contained room. This room is multi-use and able to be laid out as required and to suit the occasion. Although predominantly used for dining it is also used for parties, functions and meetings.

There is a good sized fully equipped commercial Catering Kitchen with stainless steel appliances and surfaces (equipment not tested) and 5* EHO rating. A separate wash up, prep area, fridge/freezer/dry goods store leads. Below Ground floor Beer Cellar with python system, pumps, remote and cask racking.

Ladies, Gents and Accessible WC’s

OWNERS ACCOMMODATION

The owner’s accommodation has private access and is located on the 1st floor. This briefly consists of 3 Double Bedrooms (1 en-suite), Lounge, fitted kitchen and bathroom.

EXTERNAL

To the side of the property is a beautiful spacious grassed and flagstone al fresco garden area with iron tables and chairs set alongside wooden picnic benches (circa 110+ covers). Established tree and hedge borders make this a lovely place to sit, drink or eat in the warmer weather months. To the rear/other side of the property is the patron’s lined car park with spaces for c30 cars. There is also a wooden purpose-built smoking solution.

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 - Sat 11am to 2am

Sunday 11am to 11pm

Current opening hours are:

Monday Closed

Tues – Fri 11am/3pm & 6pm/10.30pm

Saturday 11am to 11pm

Sunday 12noon to 4pm

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 property and business is being offered for sale freehold (although we have not had sight of the title deeds). We are advised that all relevant mains services are connected and the property uses Calor gas for cooking and oil for heating (no services tested). We are advised that there are no business rates payable.

THE BUSINESS

The current owners purchased the freehold property in 2010 and have since created an excellent reputation for offering quality, locally sourced and home cooked food and drinks in comfortable and well-presented surroundings. The business is currently operated by the owners themselves assisted by 1 full and circa 3 part time members of staff. After many years within the industry our vendor clients are now looking to sell the freehold on in order to be able to take life at a more leisurely pace. We are advised that accounts declare takings of £135,374 (incl. vat) to end 31st March 2018 achieved on reduced trading hours and a trade split of 80% Food sales & 20% Wet sales. New owners could continue to operate the business using the same successful formula or 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, introducing the many means of social media to promote the business and heavily marketing the party and function offer.

Further info: www.thefivebellsedenham.co.uk

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

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details prepared October 2018

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