Reference 8317F; freehold
thriving & unopposed freehold inn with restaurant, 4 en-suite letting rooms, 8 caravan hook ups and pp to extend located in the affluent lincolnshire village of thorpe on the hill
• Sitting on a substantial plot directly between the Lincoln (8 miles) and Newark on Trent (11 miles).
• Bar (c34+ plus standing) with exposed brickwork, log burner and games facilities.
• Restaurant (c24 covers) with portable carvery units and doors to the al fresco garden area.
• 8 Caravan hook ups and shower facilities ; Spacious camping field with purpose built outside bar with dispense facilities able to hold a large event marquee.
• 4 delightful en-suite letting rooms.
• Lawn and crazy paved Al Fresco garden area (c40+) : Heated and lit smoking solution with further hard standing area (c35+) : Patrons car park.
• pp approved in 2019 to extend considerably ref: 18/1615/ful
• Fully equipped commercial catering kitchen.
• 2-bedroom owner’s accommodation with private garden and private access.
• Advised turnover circa £348,000 (incl. VAT) Wet & Accommodation/Camping and c£150,000 (incl. VAT) Food sales (estimated – Franchised out) for year ending 30th April 2019.
• Trade split - 52% Wet sales ; 31% Food sales ; 17% Accommodation & Camping.
A fabulous opportunity to purchase this delightful and substantial freehold inn offering further untapped opportunities
This delightful inn sits on a substantial plot (not measured) on the outskirts of the Lincolnshire village of Thorpe on the Hill adjacent to the railway crossing. Surrounded by other affluent villages and historical places of interest Thorpe on the Hill itself has a sought-after primary school, a nature reserve and water sports centre, golf club, fishing lake and several tennis courts. It is also a popular meeting point for walkers and ramblers who congregate at the inn in order to walk through Tunman Woods and returning for lunch. Nearby places of interest include the historic market town of Newark on Trent (11 miles) and the stunning cathedral city of Lincoln (8 miles). The nearby road networks are excellent and the A1, A46, A15, A17 and A57 are all easily accessible.
This substantial unopposed inn is of brick construction and sits under a pitched slate roof. Entrances to the front and side provide access to all the trading areas. These consist of:
Bar (circa 34+ plus standing) is an l-shaped room with loose tables and stools complimented by scatter cushion covered upholstered perimeter bench seating sat on a carpeted floor. To one end is an exposed brick-built fireplace with built in log burner and there is a matching brick-built bar server with 3 cask ales on offer. The room also has a pool table, darts throw, juke box, awp and 2 wall mounted hdtv’s. Leads to:
Restaurant (24 covers) is a conservatory extension to the rear of the property and has loose tables and leather dining chairs all sat on an attractive ceramic tiled floor. To one end are portable carvery units and to the side double doors open out on the al fresco garden areas. This room is multi use and although predominantly used for dining can also accommodate small meetings or parties if required.
*We are advised that Full pp was granted in 2019 for a large side extension to the trading areas. This would enable the creation of an additional 24 dining covers, a new games room and disabled WC. Planning Ref No: 18/1615/ful
There is a fully equipped Commercial Catering Kitchen with stainless steel appliances and surfaces (appliances not tested) with wash up, prep area and fridge freezer storage areas leading off. The kitchen is currently franchised out and we are advised receives a rental income of c£10,000 per annum. There is also a ground floor beer cellar with pumps, remote and python system.
Ladies and Gents wc’s.
The owner’s accommodation is located on the 1st floor and has private access and a private self-contained lawned garden area. This briefly consists of: 2 double bedrooms, lounge, Kitchen and bathroom.
There are 4 popular and well-presented en-suite letting rooms (2 double / 2 twin) all with tea/coffee making facilities, hdtv, toaster and a fridge.
To the side of the property is a delightful crazy paved and lawned al fresco area with wooden picnic benches (c40+) and established shrubbery borders. To the other side of the property is a hard-standing area with further wooden picnic benches (c35+), a heated and lit smoking solution, colourful planters and even a large wall mounted hdtv. To the rear of the property is a large camping field with 8 hook ups and shower facilities. There is also an outside bar with draught dispense points and the ability to hold a large marquee to host weddings or similar events all year round. The patron’s lined car park is also to the side of the property with space for c40 cars.
Trading & licensing
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 - Sat 11am to midnight
Sunday 11am to 11.30pm
Current opening hours are:
Mon - Sun 12noon to close
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.
The property and business is being offered for sale freehold (although we have not had sight of the title deeds). We are advised that all relevant mains
services are connected and the business uses an oil-fired heating system and lpg gas for cooking purposes (no services tested). Business rates payable are advised as being circa £1,580 per annum.
The current owners purchased the freehold property in 2013 after having previously owned it between 1995 and 2006. They have since created a thriving and profitable business offering locally sourced home cooked food, comfortable accommodation and a thoroughly enjoyable camping experience. The business is currently operated by one of the owners assisted by circa 2 full time and c6-part time/casual members of staff. Sitting at the centre of the local community the business plays host to many weddings, charity events, motor bike rally’s and live entertainment. It also accommodates several darts and pool teams. We are advised that accounts to 30th April 2019 show a turnover of circa £348,000 (inc VAT) for Wet sales and Accommodation/Camping. In addition, we ‘estimate’ annual food sales to be in the region of c£150,000 (inc VAT). The catering at this property is franchised out and we are advised the business receives an annual rental income of c£10,000. The trade split equates to circa 52% Wet sales, 31% Food sales and 17% Accommodation & Camping. New owners could continue to operate the business using the same current successful formula or they may wish to take the business to the next level. In our opinion this could be achieved by taking advantage of the approved planning permission, upgrading the caravan park, marketing the letting rooms on national websites (offering packages for weddings, events, fishing clubs or similar) whilst putting their own stamp on the business.
Accounting information will be made available to interested parties after viewing. The property was viewed by Richard Fletcher who would be delighted to discuss further details.
Viewing appointments must be made via Guy Simmonds
Details prepared October 2019
Note: Size quoted is usually the Total Useful Floor Area taken from the EPC and is for guidance purposes only and no responsibility is assumed by Guy Simmonds for the accuracy.
If size stated =1m2, this is because no measurements are available at this time.
Viewing: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
Finance for purchasing A licensed property: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.