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Public House, Function Room & Letting Rooms - Leicestershire for Sale

Hinckley, Leicestershire

Leasehold : 100,000
Turnover : 7,308 p.w.

This outstanding public house is situated on a very busy parade in Burbage, Hinckley in the county of Leicestershire. It's in a very easily accessible location being just off junction 1 of the M69 and is in close proximity to the M6, M1 and M42 motorways. The market town of Hinckley is 2 miles away and is the second largest town in Leicestershire, Nuneaton is 4 miles, Coventry is 8 miles and Leicester is within 10 miles making it a perfect and central location.

Situated in the popular village of Burbage
Advised annual turnover of 380,000
Early viewing highly recommended
Scope for further development
Well presented function room
Regular & repeat custom
Genuine reason for sale

Business History

Meridian Business Sales are delighted to offer to the market this superb public house with letting accommodation which has been established circa 1800's and has been in the careful hands of our clients since 1995. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since our clients took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at 380,000 which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks and a popular hot & cold food menu. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Trading Hours: Monday: 11:00am - 11:30pm
Tuesday: 11:00am - 11:30pm
Wednesday: 11:00am - 11:30pm
Thursday: 11:00am - 11:30pm
Friday: 11:00am - 12:00am
Saturday: 11:00am - 12:00am
Sunday: 12:00pm - 10:30pm

Accommodation: Well presented three storey property, briefly comprising of:

Secure entrance leading to open plan bar/lounge area with feature fireplace, ample table and chairs, fitted bar with beer/ale pumps, drinks chillers and optic/spirit displays, raised seating area.

Preparation room with stainless steel worktops, storage and bottle store

Fully fitted stainless steel kitchen with none slip floor, 2x 6 ring hob burners, worktops, deep fat fryer, microwave, wash basin, wash area.

Store room with fitted shelving

Large open plan function suite with fitted bar and the capacity for 70 people seated/140 buffet style.

Ladies & Gents toilet facilities (internal & external)

Access to beer cellar

First Floor
4 letting rooms
1 letting room with en-suite
2 separate toilets
1 bathroom

Covered patio area, large car park, beer garden with seating and children's play area.

Tenure: Leasehold
Original length: 25 years
Remaining: 15 years
Rent: 36,000pa

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275 Advert ID 38981    Sellers Ref : 2899/BSOL

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