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IMMACULATELY PRESENTED 60+ COVER ‘FREE OF TIE’ RESTAURANT AND BAR WITH RENT PAID IN FULL UNTIL NOVEMBER 2027 LOCATED IN THE BUSTLING SOUGHT-AFTER DERBYSHIRE VILLAGE OF LITTLEOVER

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  • A highly attractive setting located in the heart of the Derbyshire village of Littleover only 2 miles from Derby City Centre and within easy reach of the Peak District National Park.
  • Lounge/Bar (circa 18+ plus standing) is multi-use and able to accommodate overflow dining covers, private use or a waiting to dine/post dining facility with quality furnishings, twinkling lights, attractive bar server and coffee service station.
  • Restaurant (circa 48 covers) leads off from the Lounge/Bar and is a stunning well-presented room with further quality furnishings, diamante hanging chandeliers and twinkling lights.
  • Trading areas presented in immaculate condition.
  • Fully equipped commercial catering kitchen.
  • Block paved Al fresco terrace to the rear (circa 56+ plus standing) with adjacent enclosed grassed garden area ; Smoking solution set under covered pergola ; Patron’s lined car park (circa 30+) - (All shared amicably with the private members club on the ground floor).
  • Outstanding Trip Advisor reviews – Currently ranked No 7 out of 396 restaurants in Derby.
  • No owner’s accommodation (Lock up).
  • Advised weekly turnover pre pandemic was circa £5,000 (incl. VAT) trading only 4 days a week ; Advised weekly turnover post pandemic is circa £1,500 - £2,000 (incl. VAT) – Trading only 1 day a week (Sunday lunch times and private events and bookings - Personal lifestyle choice).
  • Trade split: 60% Food sales ; 40% Wet sales.
  • Renewable privately owned rolling ‘free of tie’ lease with rent paid ‘in full’ up to November 2027.
AN UNMISSABLE OPPORTUNITY TO ACQUIRE A DELIGHTFUL WELL-PRESENTED BUSINESS OFFERING MANY UNTAPPED OPPORTUNITIES


ASKING PRICE £100,000 ‘FREE OF TIE’ LEASEHOLD (NO OFFERS) TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This delightful restaurant is located in the heart of the bustling community friendly Derbyshire village of Littleover only 2 miles from the City Centre. The village itself has local shops, supermarkets, amenities and facilities and is supported by both primary and secondary schools that are a big draw to the local area. Nearby points of interest include the High Peak Trail, Markeaton Park, the National Trusts Kedleston Hall and the infamous tourist magnet of the Derbyshire Peak District National Park all of which are only a short drive away. The nearby road networks are excellent with the A38, A50, A52 all within easy reach and providing routes in and out of this lovely county.

THE PROPERTY

This delightful 2-storey extended property is of partially rendered brick construction and sits under a pitched, slate apex roof. The restaurant is located on the 1st floor and sits above a popular private members club with which it shares certain facilities. A delightful spacious entrance porch to the front/side provides staircase access to the trading areas. These are presented in immaculate condition and consist of:

Lounge/Bar (circa 18+ plus standing) is a delightful and bright room with a warm and welcoming atmosphere. Loose wooden tables and crushed velvet chairs all sit on a carpet and Karndean wood effect covered floor. Twinkling lights, diamante wall lights and displays of wines and Gins add to the ambience and charm of the room. This area is multi-use and can be used for overflow dining covers, private events or as a pre/post dining facility. To one end of the room is a well-presented bar server of wood construction with coffee service station whilst to the other end are 4 steps that lead up and through to:

Restaurant (48 covers) is a stunning well-presented room with a charmed and relaxed atmosphere. Loose tables and crushed velvet chairs sit on a carpeted floor and are able to be laid out as required and to suit the occasion. The room has highly attractive décor with diamante chandeliers hanging from the ceiling, twinkling lights, an eye-catching fireplace to one side and venetian blinds to the windows. This area is also able to be used for private bookings and events. Ladies and Gents W.C.’s / CCTV.

There is a fully equipped commercial catering Kitchen with stainless-steel appliances and surfaces (appliances not tested), dry goods storage, wash up, dessert and prep area. Further storage areas to the ground floor external.

OWNERS ACCOMMODATION

There is NO owner’s accommodation for this business and the property is a lock up.

EXTERNAL

To the rear of the property is a delightful block paved Al Fresco terrace (circa 56+ plus standing) with metal tables and chairs and views of the adjacent enclosed grassed garden area. To one end is a covered pergola smoking solution and wooden picnic benches. To the front of the property is the patron’s lined car park with space for circa 30 cars. Both the external areas are shared amicably with the private members club to the ground floor with drinking and dining also permitted. Also, to the front of the property are discreet fridge/freezer storage areas.

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 - Sun 10am to 1am

Current opening hours are:

Mon – Sat Closed

Sunday 12noon to 6pm

(Also open for Private bookings and events as and when required).

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 a highly attractive Privately owned rolling 5-year agreement. The lease is fully repairing and insuring and is totally ‘free of tie’ on all products. We are informed that the rent is currently 1 Peppercorn per annum. This has been paid ‘in full’ up to and to be reviewed not until November 2027. 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 business benefits from all mains supplies being connected (no services seen or tested). Business rates payable are advised as being NIL per annum.

THE BUSINESS

The current owners took over the property in 2016 and following the new build of an extension and an extensive refurbishment created a popular and thriving restaurant business serving a loyal, repeat and desirable clientele. This family run restaurant currently offers quality English cuisine complimented by fine wines, bottled beers, a vast selection of Gins and other drinks are of course available. The business is currently operated by our vendor clients themselves assisted by circa 2 full time and circa 3 part time/casual members of staff. Due to other family involvements and business interests elsewhere our vendor clients are now reluctantly looking to sell the business on. Also offering private bookings and events as well as Sunday lunches (lifestyle choice) the business sits at the heart of the local community and with an excellent reputation. This has attracted exceptional reviews on Trip Advisor making it into the top 10 (currently No 7 to be precise) out of 396 restaurants in Derby. We are advised that turnover pre pandemic was circa £5,000 (incl. VAT) per week trading for only 4 days out of 7. Turnover post pandemic and trading only Sunday lunchtime and for private events/bookings (Lifestyle choice) is circa £1,500 - £2,000 (incl. VAT) per week. This has been achieved on a trade split of circa 60% Food sales and 40% Wet sales. 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 and beyond. In our opinion this could be achieved by taking the obvious advantage of extending the opening hours and driving private bookings and events whilst introducing their own style of food offer accompanied by ideas from their business plan. In our opinion, this business would suit a front of house/chef couple/Family who have experience of working in a similar food led environment.

*Please note – Although this is a lease assignment the current name of business must be changed on purchase and will NOT be able to be used by the new owners.

There is no account information for this business. Viewing is highly recommended or visiting as a customer on Sunday lunchtime (Booking advised).

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 June 2022

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