8554L

• Main road location with a high volume of passing trade sitting in the affluent suburb of Toton close to Attenborough Nature Reserve & Long Eaton within easy reach of Nottingham city centre and the M1.
• Open plan trading area (circa 70+ covers) with quality comfortable furnishings, carpet, solid oak and slate tile flooring, exposed brickwork, open fires, exposed wooden beams and 5 cask ales.
• Fully equipped commercial catering kitchen.
• Hard standing Al Fresco area to the side (circa 120+) with wooden garden furniture, and children’s play equipment; Large patron’s lined car park.
• 5 letting bedrooms (currently unused).
• 2/3 bedroom owners’ accommodation with private access.
• Accounts to 30th June 2022 show turnover of circa £509,148 (incl. VAT); Previous annual turnover (pre pandemic) was in excess of circa £900,000 (inc VAT) with ‘outstanding net profits alone’.
• Trade - 60% Wet sales; 40% Food sales.
• Partially tied renewable Greene King lease with ‘off invoice’ discounts.
• Genuine reason for sale.

Location

This popular business is located in the affluent suburb of Toton approximately 7 miles from the historic city of Nottingham and only 10 miles from Derby. Nearby points of interest include the bustling town of Long Eaton, Chilwell Manor golf course, the immensely popular Trent Lock and the tourist magnet of Attenborough Nature Reserve is only a stone’s throw away. Toton is surrounded by other small towns and villages and sits to the south-west of Nottingham with nearby shops, supermarkets, schools and amenities aplenty. Other points of interest include the highly popular Nottingham University, Wollaton Hall and Deer Park and East Midlands airport. The property is situated within easy access of the transport networks with the M1, A52 and A453 all close by.

THE PROPERTY

This attractive family inn is of part rendered brick construction and sits under a pitched tiled and slate roof. The property occupies a prominent corner landmark position at a main road junction and has exceptional passing trade and footfall all day long. Entrances to either side of the property provide access to the trading areas. These consist of:

Open plan trading area (circa 70+ plus standing) is an attractive and delightful area with several different sections each having an assortment of quality loose tables, chairs, upholstered perimeter bench seating and high poseur tables and stools. Exposed painted wooden beams to the ceiling add to the character and charm and look down on areas of carpet, solid oak and slate tiled flooring. These are complimented by areas of exposed brickwork. There are 2 exposed brick-built fireplaces both with built in gas/coal fires, a wall mounted HDTV and an AWP. There is also a well-stocked bar server of wooden construction with 5 cask ale hand pulls.

Ladies, Gents and disabled W.C.’s

CCTV throughout.

There is a fully equipped Commercial Catering Kitchen with stainless steel appliances and surfaces (appliances not tested). Dessert, Prep and wash up areas lead off and there is also a walk-in fridge and walk-in freezer. Ground floor beer cellar with pumps, remote and python system. Additional storage and dry goods store.

OWNERS ACCOMMODATION

The owner’s accommodation has private access and is located on the 1st floor. This briefly comprises of: 2 double bedrooms, 1 single bedroom/office, a large lounge, bathroom and kitchen.

LETTING ACCOMMODATION

Situated on the 1st floor of the property are 5 letting bedrooms (all doubles). Only 1 of these is currently en-suite with the others sharing bathroom facilities. All rooms have HDTV and tea/coffee making facilities but are currently unused. Prior to the pandemic these were mostly used by contractors @ c£40 per night. We are advised that there were previously plans in place to refurbish the rooms and create 3 quality letting rooms all with en-suite facilities. This may be an opportunity for any prospective purchaser.

EXTERNAL

To the side of the property is a spacious resin based & hard standing Al Fresco area with assorted wooden garden furniture (circa 120+ covers) and wooden picnic benches. This is also suitable for a large marquee when required. There is a separate self-contained area adjacent to the Al Fresco area with wooden children’s play equipment that is highly popular in the warmer weather. Also to the side is the large patron’s lined car park providing space for circa 40+ 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- Wed 10am to midnight

Thurs – Sun 10am to 1am

Current opening hours are:

Mon – Wed 12noon to 10pm

Thursday 12noon to 11pm

Fri/Sat 10am to 11pm

Sunday 10am to 9pm 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 3½ years remaining of the Greene King full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines and spirits and attracts healthy off invoice discounts. We are informed that the rent is currently circa £59,750 per annum to be reviewed in 2027. We are 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 all mains services (no services seen or tested). Business rates payable are advised as being circa £2,500 per annum.

THE BUSINESS

The current owners purchased the leasehold business through Guy Simmonds in June 2019 and continued to operate a thriving and established business offering fresh, seasonal and local sourced produce served to a loyal, repeat, passing and desirable clientele. Due to having several other business interests our vendor clients are reluctantly looking to sell the business on in order to be able to concentrate on these. The business is currently operated by the owner assisted by circa 3 full time and 3 part time/casual members of staff. Sitting at the heart of the local community and with exceptional passing trade the business offers quality cask ales and monthly live entertainment. In times past there was a weekly quiz, themed events, several changing food offers and a breakfast offer that proved highly popular. There was also a domino team and local cricket team sponsorship that attracted regular visitors in the summer. We are advised that accounts to 30th June 2022 show a turnover of circa £509,148 (incl VAT) achieved on a trade split of 60% Wet Sales and 40% Food. Prior to the pandemic the annual turnover was in excess of circa £900,000 (incl VAT) with exceptional high level net profits. New owners could continue to operate the business using the same current formula or they may wish to take the business back up to the next level and beyond. In our opinion this could be achieved by the introduction of a new menu, re-starting quiz nights and the breakfast offer whilst exploring the opportunity to develop the letting rooms and adding ideas from their business plan. In our opinion this business would ideally suit operators who have previous catering experience or have worked in a similar hospitality environment.

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 June 2023.