Market Inn, Huthwaite

Freehold for Sale

Price: Offers in the Region of £225,000 Ex VAT

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Tremendously profitable wet-only Freehouse in Nottinghamshire village

Key Points

  • n/a - (n/a)
  • Detached freehouse in centre of village
  • well presented trading areas
  • immaculate 2/3 bedroom domestic accommodation
  • Very profitable and growing wet-only trade, with scope to introduce food
  • beer garden to the rear

Location

The Market Inn is located in the centre of the Nottinghamshire village of Huthwaite. The pub is situated at the busy corner of Main Street and Market Place, with Tesco Express, Ladbrokes and the Co-op being adjacent occupiers. The ex-mining village is well located being close to the A38 and just 2.5 miles from junction 28 of the M1 motorway. The pub lies 2miles to the west of Sutton-in-Ashfield, 5miles west of Mansfield, 10 miles south east of Chesterfield and 15 miles north west of Nottingham.

Property

The Market Inn is a three storey, detached brick built property, with single storey extension to the rear, of painted rendered elevations beneath pitched tiled and flat roofs.  The well appointed ground floor trading area comprises a main bar area with bar servery well equipped for the trade, with illuminated back fittings; upholstered perimeter seating, tiled and wood flooring; pool area, darts throw and doors to the rear garden and rear hallway. Snug Room with loose seating and glazed serving hatch to the bar. The property benefits from a CCTV system, 3x wall mounted TVs and a wall mounted bingo machine.

The property also benefits from Ladies, Gents W.C.s, a kitchen, currently fitted mainly with domestic units, but providing potential to introduce a commercial offer; and a basement beer cellar.

The domestic accommodation is located over the upper floors and briefly comprises, on the first floor, an open plan lounge with domestic kitchen, one double bedroom, shower room and WC. On the second floor the pub benefits from a double bedroom, office/3rd bedroom, separate WC and two good sized storage cupboards. The domestic accommodation has been refurbished by our clients to offer very well presented living areas.

To the exterior, the pub benefits from a good sized beer garden, with covered smoking shelter, lawned area and patio. 

Fixtures & Fittings

We understand that the fixtures and fittings are owned by our clients and will be included in the sale.

Trading Figures & Turnover

The business currently trades all day everyday from 12 noon to 12 midnight. The Market has a tremendous local following and has entertainment every night of the week, from dominos, bingo, a pool league, open mic nights, poker nights, live music and the very popular Sunday night quiz. The pub also hosts a number of local funeral wakes and summer festivals. Turnover continues to improve and our client is regretfully selling for health reasons. 

The business enjoys a 100% wet trade, but potential development of the kitchen would allow the introduction of food, increasing trade further. The accounts for y/e 2017 show a turnover of £263,463 with a GP of 64% and an impressive net profit in excess of £100,000 with tremendous potential to improve trade for a new operator.  Further trading information can be provided to genuinely interested parties who have previously viewed the business premises.

Tenure

We are advised the property is Freehold.

 

Rates & Charges

Business Rates
£0.00 per annum (based on a Rateable Value of £2,650)
The domestic accommodation is within Band A for council tax purposes.
Council Tax
Available on enquiry

15 Main Street
Huthwaite
Nottinghamshire
NG17 2QW