Ref 8357 freehold
Desirable and quirky former maltings and camra recognised grade II listed freehold inn for sale located on the edge of the popular bustling lincolnshire town of gainsborough
A prominent 3 storey 18th Century property set on the very edge of Gainsborough town centre surrounded by shops, offices and other businesses.
Ground floor Bar Area (c30+ plus standing) with exposed brickwork, quarry tiled floor and 9 cask ale hand pulls.
First floor Lounge/Bar Area (c65+ plus standing) is split level with exposed brickwork and the old malting crane sits as an overlooking feature.
Recognised by camra for 25 consecutive years in the Good Beer Guide ; camra award winner.
Large pay and display Car Park to the front.
1 Bedroom comfortable Owner’s Accommodation.
Advised annual turnover of circa £140,000 (incl.VAT) achieved on 100% Wet sales.
Genuine reason for sale – serious ill health.
A fantastic opportunity to purchase this pleasant and quirky inn set in A great location with immense footfall and available
For the first time in 18 years
This delightful property is located on the edge of the bustling Lincolnshire town of Gainsborough amongst, shops, offices and other businesses. Gainsborough itself has a population of over 22,000 people sitting within easy reach of the famous historic Cathedral City of Lincoln (20 miles), the popular South Yorkshire town of Doncaster (21 miles) and the North Nottinghamshire town of Worksop (21 miles). The town sits proudly on the River Trent and has a thriving town centre where Marshall’s Yard and most major shops and stores can be found attracting shoppers from surrounding areas and further afield. This market town and river port still retains some of its 18th Century buildings, but its jewel is Gainsborough Old Hall where kings have previously dined. Tourists can discover this awesome past and take in the wonderful view of the Trent Valley, almost to the Humber, from the top of the tower in the Old Hall. The local motorway network is very good and the property sits within easy reach of the M18, M180, A1 and A15.
This prominent Grade II listed inn is of brick construction and sits beneath a pitched, tiled roof. A small entrance porch to the front provides access to the trading areas. These consist of:
Bar Area (c30+ plus standing) is located on the ground floor and is an l-shaped cosy area with a warm and welcoming atmosphere. Loose tables and stools are complimented by upholstered perimeter bench seating all sat on an attractive quarry tiled floor. Exposed brick walls and quirky eye-catching bric-a-brac themed on the former maltings, the surrounding historic area of Lincolnshire and brewery products provide plenty to sit and look at. There is also a brick-built return bar server with 9 (nine) cask ale hand pulls. Stairs lead to:
Lounge/Bar (c65+ plus standing) is a split-level area located on the first floor that is full of character and charm. Loose tables, chairs, stools and pews are complimented by upholstered perimeter bench seating. The split levels have carpeted and oak flooring respectively and are separated by the old malting crane that acts as a feature to divide the areas. Exposed brickwork, entertainment artist posters, pump clips and books also add to the character.
Above ground floor Beer Cellar with 23 cask stillage, python system, remote and storage areas.
Ladies and Gents wc’s.
The owner’s accommodation is situated on the second floor and has areas of exposed brickwork and exposed wooden beams and joists complimented by delightful views of surrounding Lincolnshire. The accommodation consists of 1 bedroom, a sitting room, shower room and kitchen/utility area.
To the front of the property is a spacious lined council owned pay and display Car Park with spaces for in excess of 50+ cars. The car park offers free evening parking however is a popular and well used facility for shoppers attracting plenty of footfall into the town.
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 - Sunday 11am to 1am
Current opening hours are
Mon – Saturday 11am to midnight
Sunday 12noon to midnight
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 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 £nil per annum.
The current owner purchased the freehold property in 2002 and over the years created a desirable and thriving business offering camra recognised ales and regular live entertainment to a loyal, repeat and desirable clientele. Unfortunately, due to serious ill health our vendor client is now reluctantly looking to sell the freehold on in order to be able to take life at a more leisurely pace. The business is currently operated by the owner who simply oversees the business assisted by circa 5 part time/casual staff. Sitting at the heart of the local community and immediately adjacent to the town centre the business offers a weekly quiz night and has been listed in the Good Beer Guide for the past 25 consecutive years whilst also winning other camra recognised awards. The business previously offered regular live entertainment that proved to be extremely popular and our vendor client performed there on a regular basis and proved to be a big attraction. We are advised that current annual turnover shows takings of c£140,000 (inc VAT) achieved on 100% Wet sales however we are advised that prior to illness of the owner, the business has performed to a level in excess of £250,000 (inc VAT). New owners could continue to operate the business using the same formula or may wish to take the business to the next level and beyond. In our opinion this could be achieved by the introduction of using the later licensed hours and the re-introduction of a regular live entertainment offering. There is also the opportunity to introduce a beer festival, pool table and the creation of teams etc.
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: January 2020
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.