Sold

TBS FOODS LTD T/A The Old Barn Inn

Market Harborough, Leicestershire

£25,000 +SAV

Ref: 2997 G

Contact sales negotiator

Unassigned

01204 556 300

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Description

Hilton Smythe is delighted to welcome to the market The Old Barn Inn. The pub was originally established in the 16th century which is an outstanding length of time. However our client took over the pub in 2012 and has thoroughly enjoyed running this successful business in such a historic village.

Our client is now looking to sell the business due to the desire to focus on other business interests. This business highly benefits from loyal repeat trade. The village is a perfect location for running a successful community pub.

The business is currently generating an advised turnover of approximately £204,000 per annum with a gross profit of 47%. This is brilliant however we feel by extending opening hours such as opening over the dinner period would boost sales. The property boasts a 50 cover restaurant and a 20 cover bar area which is a fantastic size for hosting events and live entertainment.

The restaurant offers a fantastic modernised classic menu with dishes such as Pate, scallops, black pudding, steaks, dumplings and more. The new owner could increase the menu range by introducing some easy meals such as curries, chillies, hot and cold sandwiches, Sunday roasts, hot pot and pasta dishes.

This is a substantial sized premise and we believe there would be great scope for the purchaser to look into outside catering.

The business receives much of its trade from walkers and benefits from regular bookings from local shoots and hunts. The business also hosts private events and parties which could be promoted more on the businesses website.

The business has a website www.theoldbarninnglooston.com which appears at the top of the page on Google when searching for Goolston. This is brilliant for attracting outside custom.

Above the pub are 3 double bedrooms each with en-suites. These rooms are perfect for letting out. The new owner should focus some attention on boosting the b & b side of the business and should consider promoting on websites such as Booking.com. The business also has a great rating on TripAdvisor. We are advised that the former landlady of the pub let out the 3 rooms and this generated around £13,500 per annum.

The property also comes with a private owner’s accommodation which is perfect for a husband and wife team looking to relocate.

This is a free of tie pub which is a fantastic selling point. The current owners use their local wholesalers which offer great prices.

This is an excellent opportunity for a new owner, to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised the business is Leasehold.

Original lease length: 9 years
Remaining lease length: 6 years
Review every: 3 years
Rent: £24,000 per annum

Hours

The business is open-

Monday: Closed
Tuesday - Thursday: 6pm – 11pm
Friday - Saturday: 12pm – 12am
Sunday: 12pm – 8pm

The pub is also open for bookings.

Staff

The business is run and managed by our client with the help of 1 full time and 1 part time members of staff.

Financial Profile

The business generates a turnover in the region of £204,000 per annum.
With a gross profit of around 47%

Location

The Old Barn Inn is located in Glooston, Market Harborough, Leicestershire.

Glooston is a quaint village which benefits from picturesque landscapes. The village is made up of independent stores, beautiful houses and farm land. This is the perfect location for someone looking for a change of lifestyle from the busy hustle and bustle of town centres and cities. The business comes with a carpark but there is also an abundance of free on street parking around.

The closest towns to the village are Corby which is a 20 minute drive, Market Harborough10 minute and Kettering 25 minute. Each being an easy drive. Leicester is approximately 14 miles away which is also just a 35 minute drive.

In 2001 the village had a population of around 54 which has increased slightly over the years.

Premises

The business boasts a large cottage style detached premise. The front of the property is characterised with a vintage traditional style which is perfect for its location.

The front entrance leads through to the hallway/passage that further leads on to the ladies and gents toilets and main bar area.

Bar area with:
20 x covers, bar with 6 x pumps, 2 x door upright drinks chiller.
Split level trading areas with feature oak steps down to main restaurant for up to 50 x covers, large open fireplace, service area with coffee machine, till.

The property comes with a cellar which is fully pumped and piped.

Through to the rear of the premise is a fully fitted commercial kitchen with the following equipment:

Double commercial sink, fridge freezer, 2nd sink with double drainer, central work area with 2 door cabinet fridge (marble top), 2 x electric ovens, 6 x burner oven with extraction unit, griddle, commercial dishwasher, 2 x under-counter fridges, 2 x door hot cabinet with shelving above and lamp warmer, commercial microwave, double counter-top fryer, grill, 3 x stainless steel preparation areas and a storage area with an additional sink and shelving.

Rear room with:
2 x chest freezers, small fridge, washing machine, 3 x stainless steel preparation tables.
There is also a walk in chiller, bottle store, office area and a store room with partial shelving.

On the first floor of the premise is an owner’s accommodation with a living room, bedroom and a shower room. There is also three double bedrooms with en-suites, these rooms would be suitable for letting.

At the front of the property is a garden area with outside picnic benches. There is also a rear garden area with more seating. The property comes with a private car park with spaces for approximately 10 cars there is also free on street parking around. There is an outside sheltered seating area which is used as a smoke house but could also be used for outside dining.

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