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CHARMING AND TRADITIONAL FREEHOLD RIVERSIDE INN WITH 40+ COVER DINING AND 3 DELIGHTFUL EN-SUITE LETTING ROOMS LOCATED IN THE RURAL LINCOLNSHIRE HAMLET OF SUSWORTH

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  • Sitting on the banks of the River Trent in the West Lindsey district of Lincolnshire within easy reach of Scotter, Scunthorpe and the historic town of Gainsborough.
  • Back Bar (circa 40+) with exposed wooden ceiling beams, wood panelled walls and log burner.
  • Dining Area (circa 46 covers) with exposed brickwork and wooden ceiling beams, wood panelled walls and an open coal fire set in an attractive carved oak fireplace.
  • Pool area with pool table, exposed brickwork and roaring log burner.
  • Function Room (circa 60 seated) with solid oak floor, buffet area, big screen and projector and riverside views.
  • 3 fabulous newly developed and highly attractive en-suite letting rooms.
  • Al fresco patio area with retractable awning (40+) : Separate heated and lit covered decked area (30+) with central chandelier and a large wall mounted HDTV ; Riverside grassed bank al fresco area (40+) ; Patron’s car park.
  • Fully equipped commercial catering kitchen with 5* EHO.
  • Spacious 1 bed owner’s accommodation.
  • Advised turnover circa £260,010 (incl.VAT) for year ending 31st January 2020 : Sales since re-opening post pandemic are advised as being of a similar level.
  • Sales split of: 50% Wet sales ; 50% Food sales.
A FANTASTIC OPPORTUNITY TO PURCHASE THIS DELIGHTFUL PROMINENT AND SUBSTANTIAL RIVERSIDE INN


ASKING PRICE £450,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This substantial property is located on the East bank of the river Trent in the cosy rural Lincolnshire hamlet of Susworth in the West Lindsey district. Other than this delightful property the village itself has only residential housing and a highly popular holiday camp however is within easy reach of Scotter (school/local shops etc), Scunthorpe and the historic town of Gainsborough. Other nearby points of interest include and not too far away are the Yorkshire town of Doncaster, Market Rasen with its popular racecourse and the beautiful walker’s paradise of the Lincolnshire Wolds. The local road networks are very good with the M180, M18, A15 and a series of other ‘A’ roads providing access around this beautiful county.

THE PROPERTY

This desirable property with parts dating back to the 18th Century is bursting with character and rustic charm throughout. The property is of part rendered brick construction sitting beneath a pitched, pan tiled apex roof. Entrances to the front and rear provide access to all the trading areas. These consist of:

Back Bar (circa 40+ plus standing) is a good-sized dog friendly L-shaped room to the rear of the property and has a warm and welcoming atmosphere. An assortment of loose tables, chairs and stools all sit on a carpeted and vinyl laminate floor complimented by exposed wooden beams to the ceiling and wood panelled walls. There is a roaring log burner to one side sat adjacent to an attractive carved oak bar server. The room also has a tabletop video game, darts throw, HDTV and a piano is sat patiently in the corner. Leads to: Dining Area (circa 46+ covers) is a characterful room with loose tables and chairs and upholstered perimeter bench seating all sitting on a fully carpeted floor. Exposed wooden ceiling beams look down on wood panelled walls and areas of exposed brickwork with an open coal fire set in a carved oak fireplace to one end and an electric fire set in exposed brick to the other. There is also a highly attractive carved oak bar server with 3 cask ale hand pulls and tiled perimeter to service this area.

Pool area with exposed wooden beams and brickwork, pool table and log burner.

Function Room (circa 60 seated) is located on the 1st floor and has loose tables and chairs able to be laid out as desired and to suit the occasion. Chandeliers hanging from the ceiling look down on areas of exposed brickwork and a solid oak floor while to one end of the room is a raised carpeted buffet and food service area with riverside views. There is also a projector and screen enabling popular events to be shown however can also be used for meetings etc.

There is a fully equipped commercial Catering Kitchen with 5* EHO rating, stainless steel appliances and surfaces (equipment not tested), wash up, prep area and dry goods area leading off. There is also a dumb waiter to service the upstairs function room. Ground floor Beer Cellar with python system, remote, tilts and Heineken Smart dispense.

Ladies, Gents & disabled WC’s / External CCTV.

OWNERS ACCOMMODATION

The good-sized owner’s accommodation is situated on the 1st floor and briefly comprises of: 1 double bedroom with exposed wooden ceiling beams, Lounge, Kitchen, bathroom and office space. If desired and the new owners were to live off site this area could be developed to create a further 4 En-suite letting rooms (STPP).

LETTING ACCOMMODATION

Located on the 1st floor and developed during the recent pandemic are 3 highly delightful double En-suite letting rooms. All have HDTV, Tea & Coffee making facilities and Wi-Fi.

EXTERNAL

To the front of the property is a grassed riverbank al fresco area with wooden picnic benches (circa 40+ covers) and lovely views of the river Trent and surrounding countryside. We are advised it is permitted to use this area in return for its upkeep. To the rear of the property is a hard standing al fresco area (circa 40+) with wooden picnic benches and outdoor tables and chairs. There is a retractable awning to cover as and when required. Also to the rear is a raised and recently created heated al fresco decked gazebo area (30+) with hanging chandelier, twinkling fairy lights and a large removable wall mounted HDTV. The patron’s lined car park has space for circa 20 cars.

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 midnight

Sunday 11am to 11.30pm

Current opening hours are

Monday 5pm to 11pm

Tues - Sun 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 property and business are being offered for sale freehold (although we have not had sight of the title deeds). We are advised that all available mains services are connected (no services tested) and the business operates using Calor Gas for cooking and heating. Business rates payable are advised as being circa £7,000 per annum to include current Covid-19 reliefs (currently being appealed against also).

THE BUSINESS

The current owner purchased the freehold property in 2017 and has since created a desirable business offering a selection of cask ales and fine drinks, home cooked food & more recently comfortable accommodation to a loyal, repeat and desirable clientele. The business is currently operated by the owner assisted by 2 full time and circa 4 part time/casual members of staff. The business sits at the heart of the local community and plays host to monthly live entertainment/acoustic nights, organises race day trips and is a popular venue for holding functions in the self-contained room upstairs. It is also popular amongst the many walkers/ramblers and campers that frequent the area for the numerous desirable surrounding routes however in our opinion this property and business offers many further untapped opportunities. We are advised that accounts declare a turnover of circa £260,010 (incl. vat) to 31st January 2020 achieved on a trade split of 50% Wet sales and 50% Dry sales. The newly created letting rooms should add further high profit margin income to the business. We are advised that since re-opening post pandemic the levels of turnover are of a similar level averaging between £3,000 per week increasing to circa £7,000 per week in the summer. New owners could continue to operate the business using the same current formula if they wish or they may wish to take the business to the next level. In our opinion this could be achieved by advertising and marketing the function room further or even looking at creating a further 4 letting rooms (Subject to the relevant consents) in place of the owner’s accommodation whilst living off site.

Further info: www.thejennywren.co.uk

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 07865 348375.

Viewing appointments can be made by emailing Guy Simmonds at sales@guysimmonds.co.uk or by contacting Richard Fletcher on 07865 348375.

All personal viewings undertaken must adhere to the evolving Covid-19 Government Guidelines.

Details prepared February 2022

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