THE KINGSWOOD HOTEL

This is an extremely rare opportunity to purchase a FREE OF TIE, 10 year fixed term lease. This is a quality business situated in a superb position with good existing sales, high gross profit margin and even more growth potential.

PRICE REDUCED TO £169,000 TO PROMOTE QUICK SALE

VIEWING BY APPOINTMENT ONLY

The Kingswood Hotel

55 Rodwell Road, Weymouth, Dorset DT4 8QX

LOCATION

The Kingswood is located within walking distance of Weymouth town centre, its famous beach, picturesque harbour and marina. With its main road position between Weymouth and the Isle of Portland, it is ideally located to attract local, passing, destination and holiday trade.

Weymouth (population approximately 60,000), is a commercial and holiday centre which has been receiving substantial investment in recent years, including a new town centre and an extended, refurbished marina. Weymouth & Portland will host the sailing events for the 2012 Olympics which in turn will increase the population during the long term build up to and during the Games.

DESCRIPTION

The Kingswood has a number of excellent trading areas. A comfortable public bar area to cater for locals, guests and diners enjoying a pre dinner drink. A forty cover restaurant area that doubles as a function room with a built in disco facility. A pool room, eleven high standard bedrooms, an award winning beer garden and a separate lodge with its own terrace area and hot tub.

TRADING AREAS

• Main Bar/Lounge
The main bar area is comfortable with a substantial, well stocked bar and back fitting that houses a large range of products. This area not only serves the local drinkers and guests but offers an area for pre dinner drinks.
• Restaurant
Accessed from the main bar, the forty cover restaurant offers a comfortable dining experience with an opportunity to grow this part of the business. This area can also be used as a function room and benefits from a built in disco.
• Pool Room
This area houses a pool table, would make an ideal children’s room or alternatively could possibly be converted into more letting bedrooms.
• Bedrooms
There are eleven letting bedrooms. Ten en-suite rooms and one room with a private bathroom. The family rooms are especially spacious and sleep four people with the twin and double beds concealed from each other for extra privacy.
• Kitchen
An excellent commercial kitchen supports this business and is fully fitted.
• Cellar
Ground floor level, good compact cellar with python system and cellar cooling.
• External
Area Large prize winning garden with picnic style tables.

Large car parking facilities
• Lodge
There is a lodge that is set back away from the rest of the property that provides self contained accommodation with its own terrace and features a hot tub, barbecue and an outdoor heater. Could also be used for small private parties.
• Private Accommodation
The private accommodation is again in excellent decorative order and is situated on the ground floor presently arranged with lounge and double bedroom ensuite.

TYPE OF AGREEMENT

• 10 Year lease Rent £55k per annum. 8.5 years remaining
• Reviewed every five years. No rpi increases
• Free of tie on all beer products therefore barrelage discounts are available.
• Free of tie wines, spirits, soft drinks and other products.
• 100% profit on machine income.

CURRENT TRADE:

• Turnover as per 2005 accounts circa £313,000 inclusive of VAT with large potential to increase.
• Awaiting latest trading figures.
• Gross Profit for year ending 2005, 70.7% as per accounts.
• Trading figures available on request from The Pubshop Ltd.

VIEWING: STRICTLY VIA The Pubshop Ltd

ESTIMATED INGOING

This is a good opportunity to purchase a quality business in a excellent location with even more sales and profit potential through new and existing trade.

FURTHER INFORMATION

Personal Licence Training can be supplied by our sister Company The Pubshop Training School Ltd. They offer the GQAL Level 2 National Certificate for Personal Licence Holders (NCPLH) across the UK. They can offer tutor led courses and their Express Home Study course. Examinations can be taken at many venues. They can also be contacted on 01305 786639 or visit their website: www.pubshoptrainingschool.co.uk

The Pubshop Ltd's Licensing Division caters for licensing applications for the Licensing Act 2003.

Please note that you will require the services of a solicitor for the assignment.

All representations made to this Agency from the 'landlord', including all financial considerations, premises, agreements and discounts etc are passed on to the Applicant, with the discretion of the Agent, but no guarantees of accuracy or descriptions of whatever nature are made between the applicant and the Agency.

These particulars are for general outline purposes and do not constitute any part of an offer or contract. No responsibility is taken for any other error, omission or mis-statement in the particulars during negotiations or otherwise or representation or warranty whatever, in relation to the property.

MISREPRESENTATION ACT 1967. PROPERTY MISDESCRIPTIONS ACT 1991. These particulars are provided only as a general outline of the property referred to. Applicants should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above.

The Friendly Pub People