For Sale

Free of Tie Pub with Great Beer Garden

Spalding, Lincolnshire

£400,000 +SAV

Ref: 14206 I

Contact sales negotiator

Rob Walker

01204556300

Email Rob Walker

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Description

Leasehold Option £100,000 + SAV

Hilton Smythe welcomes to the market The Draymans Arms which is a former coach house and has been trading as such for over 200 years. The current owner, who is looking to retire has owned the pub since 2009.

Successfully running the pub since inception, our client has enhanced the business by increasing the social aspect to the pub having darts nights, pool nights and poker nights which cover 6 nights a week and are all very well supported by the local community.

The pub also serves food but is a mainly wet let Freehouse. The pub has also just been entered into the CAMRA Good Beer Guide.

The pub offers Sunday lunches and has Steak nights twice a week.

Outside there is a large beer garden with marquee that houses 10 A frame benches and could be used as a venue for different events during the year to further turnover. There is also a large area to the side with several more A frame benches and a designated smoking area.

In addition, there is a two-bedroom owner’s accommodation available, making this an ideal lifestyle choice.

Hilton Smythe highly advise early viewing to avoid disappointment.


Tenure

Freehold/Leasehold

We are advised the business is being sold as a Freehold or Leasehold business opportunity.
The owner will grant a new lease with an annual rent of £18,000.



Hours

Monday to Friday :3.00pm- 11.00pm
Saturday and Sunday :11.00am -11.00pm



Staff

The business is run and managed by our client, with the help of several members of staff.


Financial Profile

The Draymans Arms generated an advised turnover of circa £183,506 as of the 2016 accounts, with a gross profit of circa 55%.
However, the average takings for 2017 have been £4666 per week i.e. £242,600 on a pro rata basis.


Location

The Draymans Arms Public House is located in the market town of Spalding, Lincolnshire.

Ideally situated on the B1172, a busy commuter road just outside the town centre and surrounded by residential dwellings. The pub is the hub of the community.

The pub has a car park to the side giving generous parking for 30 or so vehicles


Premises

The main bar area is L shaped and is accessed directly of the main road.

The bar itself has 2 x real ale draught taps, 10 x lager and cider draught taps, 21 x wall hung spirit optics and 2 x double display fridges.

The guest area wraps around the bar and has numerous tables and bench seats, 2 x televisions, 2 x dart boards, a pool table, several gaming machines.

Off this area are the toilets, the female toilets having 2 x WC’s and the male toilets having 4 urinals and a WC.

The cellar is kept cold by the air conditioning unit and houses all the casks etc for the entire pub.

The rear of the pub is accessed via a hallway which has doors off to the kitchen and to the office, which has a storage cupboard and stairs that lead to the flat above.

The kitchen is in two sections, the first area having a six burner range with industrial extractor over, two microwaves, double under counter fridge with stainless steel preparation area, stainless steel preparation table, sink, two freezers, one fridge and a fridge freezer. The second area has a stainless steel preparation table, sink, gridle and two microwaves.

The flat comprises of a lounge, two bedrooms and a bathroom, is double glazed and central heated.


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