8550F

• Set on a substantial plot and positioned prominently in the heart of the delightful North-East Derbyshire village of Spinkhill sitting equidistant between Sheffield and Chesterfield (circa 12 miles) and within easy reach of Junction 30 of the M1 motorway.
• Open plan split level trading areas (circa 90+ covers plus standing) with quality stylish furnishings, assorted chairs, settees and poseur stools, 3 log burners all set in exposed brick-built fireplaces, exposed wooden ceiling beams and air conditioning.
• Grassed Al Fresco garden area (circa 46+) ; Astro turfed Al Fresco area (circa 20+) both to the rear with wooden picnic benches, wooden garden furniture & Large garden umbrellas ; Patron’s Lined car park (circa 36).
• Fully equipped commercial catering kitchen with 5* EHO rating.
• 3 x 2-bed High Spec Apartments above the property attracting a substantial rental income.
• Self-contained unit (Currently a Barber shop) attracting further rental income.
• No owner’s accommodation – Lock up.
• Advised turnover to year ending 30th June 2022 is £719,157 (Inc. VAT) for the Bistro; 3 Apartments and Barber Shop attract an additional annual rental income of £28,000.
• Sales split: 60% Food sales; 40% Wet sales.

Location

This delightful independent property and business is located in the heart of the charming and affluent North-East Derbyshire village of Spinkhill surrounded by rolling countryside and other affluent villages. Spinkhill itself has a sought-after Junior school, a Private Secondary school and a church. Nearby points of interest include the market town of Bolsover with its attractive Castle, Cresswell Crags archaeological park and the stunning tourist magnet of The Peak District National Park is only a short drive away. The thriving steel city of Sheffield is 12 miles away with Chesterfield and its famous Spired landmark equidistant. The local road networks are very good with the M1 (J30), A57 and A619 complimented by a series of other ‘A’ roads all nearby and providing access around this stunning county and the surrounding areas.

THE PROPERTY

This desirable prominent three storey property is bursting with style and charm throughout. The substantial property is of part rendered brick construction sitting beneath a pitched, slate apex roof with the addition of solar panels. Entrance porches to the front and rear provide access to all the trading areas. These consist of:

Open Plan Area (circa 90+ covers plus standing) is split-level with snug areas leading off and steps leading up to a spacious air-conditioned room. The trading areas are cosy and relaxed with a warm and welcoming atmosphere and offer food throughout. Loose wooden tables are able to be laid out as required and are complimented by an eclectic mix of assorted leather dining and upholstered chairs, leather and upholstered settees, leather high backed bench seating and poseur stools. These all sit on areas of attractive oak effect Karndean, carpeted and wooden laminate flooring. Three log burners set in exposed brick-built fireplaces are positioned throughout and eye-catching wallpaper and exposed beams to the ceiling add to the character. Historic local photos adorn the walls and there is also a central wooden bar server with coffee station and 3 cask ale hand pulls.

There is a good sized fully equipped Commercial Catering Kitchen with 5* EHO rating and stainless-steel appliances and surfaces (equipment not tested). There is also a pot wash and dry goods storage area. Below Ground floor Beer Cellar with cask tilts, python system, remote etc and additional storage areas.

Ladies, and Gents WC’s / Baby change facilities.

OWNERS ACCOMMODATION

There is no owner’s accommodation – This business is a lock up. The owner’s accommodation has been converted to 3 x 2-bed self-contained apartments with private access and finished to a high spec attracting a rental income of £22,800 per annum. Should new owners wish to live on site in our opinion one of the apartments could be used as their own personal accommodation however this would obviously reduce the level of attracted rental income There is also a self-contained unit (currently a Barber shop) that attracts a further rental income of £5,200 per annum.

EXTERNAL

To the rear of the property is a lovely grassed al fresco garden area (circa 46+ covers) with wooden picnic benches and 3 large garden umbrellas. Also to the rear is an Astro turfed al fresco area with wooden sleeper and rattan furniture all set amidst colourful floral planters. The patron’s lined car park is also to the rear of the property and has space for circa 36 cars however unrestricted parking is available throughout the village.

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 – Weds 11am to midnight

Thurs – Sat 11am to 1am

Sunday 11am to 11pm

Current opening hours are:

Monday Closed

Tues-Thurs 11am to 10pm

Fri – Sat 11am to Late

Sunday 11am 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 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). Business rates payable are advised as being circa £3,250 per annum.

THE BUSINESS

The current owner purchased the freehold property in 2008 and following extensive refurbishment and alterations has since created a desirable and popular food led business. This currently offers quality locally sourced home cooked food and stone baked pizzas, cask ales, fine wines and even afternoon tea all being served to a loyal, repeat and desirable clientele. Currently operated by the owner’s manager assisted by circa 5 Full time and circa 21 part time/casual members of staff the property sits at the heart of the local community. Playing host to various food theme nights whilst also catering for private parties, christenings and funerals etc some attracted from the nearby local church make this popular and thriving venue a highly attractive thriving business. We are advised that accounts to 30th June 2022 show a turnover of £719,157 (Inc. VAT) achieved on a trade split of 60% Food sales and 40% Wet sales. We calculate reconstituted net profits after adding back one off, personal and managerial costs to be in excess of circa £173,000. In addition to this there is an extra rental income attracted from the 3 x apartments and Barbers shop of £28,000 per annum making a total reconstituted net profit of over £200k. 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 extending the opening hours, creating a large al fresco patio area to the rear and adding their own personal touches from their business plan.

Further information can be discovered at: www.angelandharlequinbistro.co.uk

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

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112 or sales@guysimmonds.co.uk

Details prepared April 2023