Traditional Public House and Bed and Breakfast

Lincoln, Lincolnshire
REF: 01174

Asking Price:
£65,000
Annual Turnover:
£364,000
Annual Net Profit:
TBC
Recently Sold
REF: 01174
Photo of Traditional Public House and Bed and Breakfast
Photo of Traditional Public House and Bed and Breakfast
Photo of Traditional Public House and Bed and Breakfast
Photo of Traditional Public House and Bed and Breakfast

Overview

Tenure:
Leasehold
Established:
1995
  • Huge growth potential
  • Spacious Premises
  • Very Loyal Customer Base

This is a superb and rare opportunity to acquire one of Lincolnshire’s most popular Public Houses. The business also incorporates a restaurant, sports bar and four letable rooms, all of which contribute significantly to the impressive financial figures.

There are three different entrances to the large character building. There is an entrance at the front on the building located centrally which leads directly in to the main bar and restaurant area. There is another entrance to the left hand side of the building when facing it, this leads into a separate sports bar. The third entrance is at the back of the building and is ideal for those customers who are using the car park, this entrance also leaves to the main bar and restaurant area.

On entrance to the main bar and restaurant area, there is a traditional public house feel to the business. There are seats surrounding the bar for those enjoying an alcoholic beverage and there are a number of different tables for those customers enjoying a meal. There is also a large kitchen and storage room which is out of view to the customers, where all the food is prepared.

To the left hand side of the bar, there is a smaller sports bar. This has a more modern feel in order to attract the younger generation in the area. This bar has a pool table, is decorated with sports memorabilia and has its own bar. This is accessible from the main bar through a single door.
On the first floor, there are four self contained rooms, all with en suites. Each room has a traditional feel and has a neutral colour scheme. There is also a self contained two bedroom flat which is currently occupied by the current owners. This has been tastefully decorated and offers a large living room and an office.

Intelligent Business Transfer are excited to offer to the market this very rare opportunity to purchase a very profitable public house in Waddington, Lincolnshire.

The Horse and Jockey has been trading for nineteen years under its current owners and within this time has gained a superb reputation whilst growing on a month-by-month basis. Since the business opened, every customer who has visited regards it as the best pub in Lincolnshire. The business is unique in the fact that it has several different revenue streams.

The business was established in 1995 and underwent significant renovation into its current state. The current owners have very skilfully maintained the property’s traditional feel and features throughout the main bar and restaurant, whilst also creating a separate, modern sports bar for their younger customer base. The business also incorporates a bed and breakfast facility (four lettable rooms) which benefits from the tourism trade in the area.

The current owners have exhausted each revenue possibility and this has resulted in the impressive financial figures. However, the current owners have obtained planning permission to create another lettable room with an ensuite, to cope with the demand created by the tourism trade.
The turnover of this business has generally inflated month upon month up to its current state which is consistently taking over £7000 per week. The annual turnover is in excess of £360,000 and this is due to a combination of both bars, the restaurant element of the business and the bed and breakfast service, which is currently responsible for approximately £1,000 of the weekly takings. A new owner may choose to advertise the business via tourism magazines in order to increase the sales figures further.

The current owners are selling the business as they now wish to retire. This business would suit a small family or an entrepreneur with the passion and energy to manage this very busy business and reap the financial rewards.

We strongly advise early viewings to fully appreciate what is on offer and to avoid missing out on this rare opportunity.

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Year)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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