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8616DE DERBYSHIRE L\H£220000 FREE OF TIE HOTEL/RESTAURANT/PUBLIC HOUSE

Asking Price: GBP 220000
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Business Location: United Kingdom » Derbyshire » DERBYSHIRE 
Category: Leisure » Hotels & Holiday Accommodation
Description:
LOCATION
Our client is ideally located in a very affluent and desirable village in South
Derbyshire bordering both Leicestershire and Nottinghamshire.
Situated close to the East Midlands Airport, properties in the village are greater in both
value and size compared to the national average.
The M1 Motorway network is accessed at Junction 23a which is approximately 1½
miles away.
THE BUSINESS
Advent Business Sales have been
instructed to offer for sale this superb
Public House. It has excellent
restaurant facilities.
The business has been in the hands of
the current owners since 2005.
In this time, the owners have superbly
refurbished the premises and living
accommodation to a very high
standard, incorporating a fully
operational commercial kitchen.
The business is staffed by the vendors,
full and part time staff, including 3
chefs.
The two restaurant areas can cater for
120 covers, giving customer’s choice
from a carefully selected and prepared
menu including breakfast, lunchtime
and evening.
At peak trade, 450 covers have been
achieved in one single day.
There is a large menu with extensive
vegetarian catering.
The pub is popular for private parties
from wakes to weddings.
The sheer size of the property has
offered vast opportunity for the
vendors to explore business ideas.
The wet/dry split is currently at 40% to
60% with increasing food sales. The
pub is totally free of tie.
To complement the pub/restaurants,
attached is a spacious 9 bedroom bed
and breakfast which is virtually at full
occupancy throughout the year.
The business has felt resurgence with
tremendous passing trade and with
Donnington Park race track nearby,
business remains buoyant throughout
the year.
 
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Financial Information:  
Annual gross sales: (GBP) 426000
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2005
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 3PT
No of trading hours: Mon – Sun: 10am – 1.00pm
Market competition and expansion:
There is scope to extend the property to incorporate more rooms. Subject to application, weddings and civil partnerships could be catered for. With a fully operational web site and advertising to target audiences, the profits could further grow. With the Formula One coming to Donnington Park in 2010, this will most certainly benefit the business in increase footfall and revenue.
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