6740F

HIGHLY DESIRABLE & PROFITABLE 18th CENTURY FREEHOUSE INN AND RESTAURANT WITH 6 EN SUITE LETTING ROOMS SITUATED IN THE DERBYSHIRE TOURIST MAGNET TOWN OF MATLOCK AT THE EDGE OF THE GLORIOUS DERBYSHIRE PEAK DISTRICT

6740F

  • Highly desirable & profitable 18th Century Freehouse Inn located in the beautiful Derbyshire tourist town of Matlock, available for the first time in 21 years.
  • Open plan trading area with Lounge area (circa 46). Bar area (circa 20) with real open coal fires.
  • Delightful separate 40 cover Restaurant area with double mobile carvery unit.
  • 2 bed owners accom with feature beamed ceilings.
  • 6 en-suite letting rooms including 2 with 4 poster beds.
  • Lovely well established 'award winning' beer garden overlooking the double boules pitch.
  • Advised turnover circa £433,124 (incl. VAT) for y/e Feb 2016.
  • Trade split approx. 84% wet : 8% food : 8% accom.
  • Excellent reconstituted profits of over £100,000.
A TRULY SUPERB PROFITABLE BUSINESS IN AN IDYLLIC LOCATION

ASKING PRICE £749,995 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

The business is located in the Derbyshire tourist town of Matlock close to the lovely Halls Lee family Park with miniature railway and new skateboard area. Matlock is a historic former spa town, lying alongside the River Derwent and is a vibrant centre for shopping and close to many of Derbyshire's many popular tourist attractions, with good transportation links to both north and south. Matlock is in the west of Derbyshire in what is known as the Derbyshire Dales which includes the towns of Wirksworth, Bakewell and Ashbourne. The Peak District National Park, the tourist resort of Matlock Bath, the Heights of Abraham, the steam train railway and Haddon Hall are just a few of the popular local tourist attractions nearby. The new Matlock sports centre re-opens in late 2011 and is only 1 mile away. The town is twinned with the French town Eaubonne. The former spa resort Matlock Bath lies immediately south of the town on the A6. Matlock, as a town, has a population of 10,689. Matlock is nine miles south west of Chesterfield, surrounded by the cities of Derby (19 miles), Sheffield (20 miles), Nottingham (29 Miles) and the Greater Manchester conurbation (30 miles).

THE PROPERTY

This highly desirable 18th Century inn is of stone & partial brick construction, under a pitched, slate apex roof, occupying an excellent prominent position set back off the main road running through Matlock Green. The trading area is open plan with a Lounge Area (circa 46 plus standing). This lovely room has a warm and welcoming atmosphere. The room is fully carpeted with fixed upholstered perimeter seating, loose tables, chairs and stools. This leads through to the Bar Area (circa 20 plus standing). This room is also fully carpeted with fixed upholstered perimeter seating, loose tables, chairs and stools. The room also has a games machine, 2 T.V.s, a pool table and a darts throw. There is an open coal fire at each end of the trading area. There is a central bar servery of wooden construction with wooden floor surround that services both the trading areas.

Separate to the main trading areas is a 40 seater Restaurant with double carvery units. This area is fully carpeted and has loose tables and chairs. A feature gas log burner adds to the ambience of this room on those cold winter nights.

Ladies, Gents & disabled W.C.'s.

To the rear of the property is a large and very well equipped Catering Kitchen, (equipment not tested). There is also a lower-ground floor cellar, and additional storage.

OWNERS ACCOMMODATION

The owner's accommodation is situated on the second floor and briefly comprises of 2 double bedrooms, lounge area, kitchenette and has feature beamed ceilings.

LETTING ACCOMMODATION

Situated on the first floor are 6 en-suite (4 double, 1 twin & 1 single) letting rooms all with flat screen TV's & tea and coffee making facilities. Two of the double rooms have a four poster bed and are the most popular.

EXTERNAL

To the rear of the property is a well established award winning 'garden in bloom' with grassed area & garden furniture overlooking a double boules pitch. There is a separate smoking area to the side. To the rear of the garden is a car park with room for circa 16 cars.

There is a large double garage giving further storage space and a small laundry room leads off the garden area.

To the front of the property is a raised patio drinking area with loose cafe bar style furniture overlooked by the many lovely flower baskets and troughs that won local awards in 2009 & 2010.

TRADING HOURS

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:

Sun- Thurs 10am to midnight

Fri-Sat 10am to 2am

Current opening hours are:

Mon - Thurs 11am to midnight

Fri-Sat 11am to 1am

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. Guy Simmonds hold this 1 day APLH Course every month. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected with gas central heating (no services tested). Business rates payable are advised as being circa £7,500 per annum.

THE BUSINESS

The current owner purchased the business in 1990 and has now reluctantly decided to retire on health grounds. The owner has built an excellent reputation as a quality venue offering high quality food, drinks & accommodation in superb surroundings. This property is currently run by the owner assisted by 2 full time and 9 part time members of staff. The business currently has 2 darts teams, a pool team & 2 boules teams. Matlock brass band also meets here on a regular basis. We are advised that accounts declare takings of circa £433,124 (incl. VAT) in the year to end February 2016. Excellent reconstituted profits of over £100,000’. Can you take out ‘with an increase of 15% year on year. New owners could continue to operate the business using the same successful formula or they may wish to take the business to the next level by exploiting the obvious food & coffee growth potential, marketing the accommodation rooms to tourists & businesses or moving the carvery offer forwards.

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 and can be contacted on 07527 718400.

Viewing appointments must be made via Guy Simmonds on 01332 865112.

ADDITIONAL IMAGES

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