8429L

• Superb location in idyllic and sought-after village yet surrounded by affluent catchment areas including Melbourne and the tourist attractions of Calke Abbey and Staunton Harold.
• Adjacent to 18-hole golf course and leisure centre.
• Substantial and picturesque inn, oozing character throughout and recently refurbished to an exceptional standard and with a lovely ambience.
• Front Bar/Dining (circa 35+) with exposed wooden beams and pillars, open coal fire set in an exposed brick-built fireplace, exposed stonework and chic and contemporary furnishings.
• Back Bar/Dining (circa 44+) with exposed beams, chic and contemporary furnishings, booth seating and coffee service station.
• Split level decked Al fresco area to the rear (circa 40+) with surrounding countryside views ; Smoking solution ; Patron’s car park.
• Fully equipped large commercial catering kitchen with 5* EHO rating.
• Delightful and spacious 4-bedroom owners’ accommodation with private terrace and garden.
• Advised turnover circa £724,057 (incl. VAT) for year ending 28th February 2019 with reconstituted net profits of circa £127,000 ; Advised turnover post pandemic currently averaging in the region of circa £10,000 per week (incl. VAT) currently trading on reduced hours.
• Trade split: 57% Food sales ; 43% Wet sales.
• Renewable privately owned ‘free of tie’ lease with a highly attractive rent (circa only 3.3% net t/o).
• We are advised previous Planning Consent (not seen) was granted in 2014 for 6 x en-suite letting bedroomed extension (now lapsed) – interested parties should make their own enquiries with the local Planning Office.

Location

Dating back to the 1600’s this character Inn/Restaurant is situated in the beautiful and highly sought-after village of Wilson – only approx. 3 miles from Donington Park Motor Racing Circuit and Nottingham East Midlands Airport. Wilson has a golf course and leisure centre and is adjacent to the ‘Cloud Trail’ Walk which attracts hikers/leisure walkers all year round. The village is surrounded by similar affluent villages including Melbourne (approx. 2 miles), Breedon (approx. 1 mile) etc and the area is also heavily patronised with tourists visiting the famous National Trust Calke Abbey, Melbourne Hall, Staunton Harold, Elvaston Castle etc. The Inn is strategically located on the Leics/Derbyshire borders and therefore has a huge catchment area from which desirable clientele emanates. Excellent road communications ie M42, nearby J24 M1 also enable easy and quick access to the major cities of Derby, Birmingham, Nottingham and Leicester. The major employers of Rolls Royce, Toyota, DHL, East Midlands Airport, Marks and Spencer distribution ‘hub’ etc. are all in relatively close proximity.

THE PROPERTY

This character property represents a traditional quintessential English inn and restaurant and is built of brick construction sitting under a pitched, tiled apex roof. Entrances to the side and rear (with disabled ramp) lead to the spacious L-shaped trading areas. These consist of: Front Bar/Dining (circa 35+ plus standing) is a delightful room with a warm and welcoming atmosphere bursting with character and rustic charm. Assorted loose wooden tables are complimented by an assortment of chairs, wooden pews, tubs, leather perimeter bench seating and milk churn seats all set on a solid oak floor. Exposed wooden pillars and beams to the ceiling look down on an open coal fire set in an exposed brick fireplace with areas of exposed stone, attractive chic and contemporary furnishings and twinkling lights. There is a wall mounted HDTV and a bar server of wood construction to service the whole trading area with 3 cask ales on offer. This leads through to: Back Bar/Dining (circa 44+ plus standing) is toward the rear of the property and has a calm and relaxed atmosphere. Assorted tables, chairs and leather perimeter booth seating are set on areas of solid oak and quarry tiled floor. Exposed wooden beams to the ceiling compliment below dado wood cladding, twinkling lights and further chic and contemporary bric-a-brac and furnishings. The room also has a coffee service station to one side.

Ladies, Gents and disabled W.C.’s.

There is a good sized fully equipped commercial catering Kitchen with stainless-steel appliances and surfaces (appliances not tested) and 5* EHO rating. There is also a walk-in chiller, dry goods storage area, wash up, desert and prep area. Below Ground Floor Cellar with python, remote and pumps etc.

OWNERS ACCOMMODATION

The delightful and spacious owner’s accommodation has private access and is situated on the 1st floor. This briefly comprises of: 4 double bedrooms, Lounge/kitchen/diner with private outdoor terrace leading off and a large bathroom. There is also a private garden area with live growing herbs, veg, fruit, flowers and plants.

EXTERNAL

To the rear of the property is an attractive raised split level outdoor decked al fresco area (circa 40+) with rattan tables and chairs and surrounding countryside views giving extra valuable capacity for dining & drinking. Also to the rear is a floodlit petanque piste and the patron’s spacious car park (approx. 30+). To the side of the property is a smoking solution with bench style seating.

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 1am

Sunday 11am to midnight

Current opening hours are:

Mon/Tues Closed

Weds/Thurs 4pm to 10pm

Fri/Sat 12noon to 10pm

Sunday 12noon to 8pm

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 privately owned, full repairing and insuring, renewable agreement. We are advised that the inn is totally ‘Free of Tie’ on all products and informed that the highly attractive rent (circa only 3.3% of net turnover) is currently circa £20,458 per annum increasing annually by RPI. 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 LPG for cooking and heating and other mains services are connected (no services seen or tested). Business rates payable are advised as being NIL/Exempt.

THE BUSINESS

The current owners took over the business in 2016 and have since created a popular and thriving highly profitable business offering quality home cooked locally sourced food, fine wines, beers and drinks all served to a a loyal, repeat and desirable clientele. The business is currently operated by our vendor clients themselves assisted by circa 2 full time and circa 13 part time/casual members of staff. After many years in the industry 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 also supports 2 immensely popular petanque teams in the summer months. We are advised that accounts declare takings of circa £724,057 inclusive of VAT for year ending 28th February 2019 on a trade split of 57% Food sales and 43% Wet sales. We calculate reconstituted Net profits after adding back director’s salaries and depreciation to be circa £127,000. We are advised that post pandemic sales are currently averaging in the region of circa £10,000 per week (incl. VAT) however this is trading on currently reduced hours (personal lifestyle choice only) and only 5 days opening. New owners could continue to operate the business using the same highly 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 or the introduction of live entertainment or/and a quiz night. These have previously proved to be highly successful. In our opinion, this business would suit a front of house/chef couple who have experience of working in a similar environment.

We are advised previous Planning Consent (not seen) was granted in 2014 for 6 x en-suite letting bedroomed extension (now lapsed) – interested parties should make their own enquiries with the local Planning Office. Clearly demand for letting accommodation in this strategic and attractive location is great, with the proximity of East Midlands Airport, Donington Park, Rolls Royce, DHL, Amazon, Marks & Centre Distribution Centre and a proliferation of relatively local and thriving industry.

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 must be made by contacting Guy Simmonds on 01332-865112 /

Richard Fletcher on 07865 348375 or by emailing sales@guysimmonds.co.uk

Details prepared May 2022