THE SHIP IN DISTRESS

This is an extremely rare opportunity to purchase a well known award winning pub seafood restaurant with an excellent reputation in a most sought after area. Very high sales.

MUST BE SEEN!

VIEWING BY APPOINTMENT ONLY

The Ship In Distress

66 Stanpit, Mudeford, Christchurch BH23 3NA

LOCATION

Only two miles from Christchurch, Mudeford is a charming fishing village lying at the entrance to Christchurch Harbour. It has a very picturesque quay with lobster pots and old fishermen's' cottages. It was also well known for its smugglers over the centuries and the Ship In Distress is thought to have been home to a smugglers wife who would warn her husband the authorities were about by wearing red. Nowadays it is not only the centre of the local fishing industry, but also a beautiful location. Stanpit Marsh is a site of Special Scientific Interest and remains an amazingly unspoilt area of harbour wetlands.

DESCRIPTION

The Ship In Distress is an excellent example of a locals/destination restaurant offering high quality food and wines. The restaurant has been recognised as one of Britains best seafood restaurants and has won many awards. The sales area is made up of a restaurant, lounge, separate locals snug/bar and a patio area. It is thought to have been built circa early 1700’s and has a grade 2 listed frontage.

TRADING AREAS

• Lounge
The main lounge bar area is comfortable with a substantially well stocked bar and back fitting that houses a large range of quality wines and is ideal for pre dinner drinks and for mixing with the locals.
• Bar/Snug
There is a separate comfortable locals bar to the side of the main drinking area and is very popular.
• Restaurant
The restaurant has 70 covers, has recently been redecorated and is appointed to an high standard. Much care is taken in planning the food and wine operation with the emphasis very much on locally sourced products and ensuring a quality dining experience.
• Kitchen
An excellent large commercial kitchen supports this business and is fully fitted and well located to serve the restaurant.
• Cellar
Good sized ground floor, modern and well equipped cellar with python system.
• External
Area Good sized patio area with picnic style tables and awning. Car park.
• Private Accommodation
3 Bedrooms although one is presently used as an office.

TYPE OF AGREEMENT

• 10 Year franchise lease agreement from December 1999, renewable land-tenant protected
• New 20 year lease open to negotiation
• Rent £ 67k per annum plus 1.5% franchise fee
• Reviewed every three years
• Barrelage discounts
• Free of tie wines spirits soft drinks
• £2,350 pa marketing fund available

CURRENT TRADE:

• Turnover is projected to £700,000 net of VAT.
• Gross Profit to be confirmed
• Trading figures available on request from The Pubshop Ltd.

VIEWING: STRICTLY VIA The Pubshop Ltd

ESTIMATED INGOING

This is a fabulous opportunity to purchase a top quality business in a wonderful location with even more sales and profit potential through new and existing trade. The lease is renewable without the need to repurchase goodwill and fixtures and fittings and may be a better option than choosing a new 20 year lease. Professional advise would be required.

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