Freehold Refurbished Hotel & Public House Located In Derbyshire

Matlock, DE4 4ET
£495,000
Business ID:
#SMP1006
£495,000
  • Ref: SMP1006
  • Type: Hotels
  • Availability: For Sale
  • Veritas Categories: - Restaurants, - Hotels, - Public House
  • Business ID: SMP1006
  • Commercial Tenure: Freehold
  • Make Enquiry

Property Features

  • Freehold
  • Hotel/Pub & Restaurant
  • Function Room
  • Recently Refurbished
  • 6 Guest Bedrooms

Full Details

Location

The Red Lion Hotel is located on the southern edge of the Peak District in the historic market town of Wirksworth. This hotel is one of Wirksworth’s most famous landmarks and commands a highly prominent trading position within the heart of this beautiful town. Wirksworth developed as a centre for lead mining and later stone quarrying and is high on the list of places to visit for tourists visiting the picturesque Derbyshire Dales area.  Matlock is nine miles (14 km) south-west of Chesterfield, and in easy reach of the cities of Derby (19 miles), Sheffield (20 miles), and Nottingham (29 miles); the Greater Manchester conurbation is 30 miles away. Matlock is within the Derbyshire Dales district, which also includes the towns of Bakewell and Ashbourne, as well as Wirksworth.

Trading Style:

The Red Lion has undergone significant refurbishment during the lock down period and is a turn key operation   and trading offering food and beverages to regular customers, local businesses and tourists visiting the town and surrounding areas. Offering a traditional full menu from breakfast through to dinner, the property caters for both small and large parties and holds regular innovative gourmet evening experiences, live music and sporting events throughout the year.

The letting rooms provide an additional income stream for this site with six guest bedroom available all equipped to a high standard. The site currently also holds events and functions in either the large function room on the first floor or the more intimate self-contained “Den” area which sits adjacent to the main bar across the driveway.

For a new experienced food operator, there is a huge scope to increase on the current levels of trade with a good quality food offering aimed towards both lunch and evening diners. Additionally, a new operator may look at the option to convert the first-floor function room into a more “fine dining” style restaurant area that could be operated independently whilst still complimenting the menu in the main bar area. Further opportunity to increase upon the current trade levels could be achieved with increased use of the function areas and additional promotion of the letting facilities.

The current trade is regularly over £5k (net) per week with a 62% GP and a letting room occupancy rate of approximately 60%. The hotels is fitted with 14 CCTV cameras and EPOS till system.

Currently the hotel is owner/operator run with additional support from 2 x bar staff, 1 x housekeeper, 1 x cleaner and 1 x casual team member. All of which are part time on a regular rota basis with increased hours as and when required.

Trading hours:

Monday – Tuesday: 4pm – 11pm
Wednesday – Friday: 11.30am – 11pm
Saturday: 11.30am -11pm
Sunday: 11.30am - 10pm
Licensed hours

Monday – Thursday: 11am- midnight
Friday – Saturday: 11am- 1am
Sunday: 11am-11.30pm
Ground Floor

Open plan bar/dining area with free standing tables and chairs with an open fireplace log burner
Main bar servery (50)
Raised dining area (20)
Ladies, Gents and disabled WC’s
Flat screen TV’s throughout
The Den – Self-contained private dining area or function room (25 seated)

Free standing tables and chairs
Working open fireplace
Food prep/wash up area
Access to separate basement cellar 
Large Function room (65) Seated diners or (100) buffet

Bar servery

Fully fitted catering kitchen with food prep and wash up area – including, large gas cooker, 2 x chip fryers, 3 x microwave ovens, 2 x contact grills, dish/glass washer, double fronted stainless-steel fridge, food prep and hand wash area and dumb waiter connecting ground floor bar area

Ladies & Gents W/C’s

Letting Accommodation (1st Floor)

Room 6 – Double with en-suite shower
Room 7 – Family Double with bunk beds and en-suite shower
Room 8 – Twin with en-suite shower
2nd Floor

Self-contained flat comprising of:

Lounge/kitchen area
Double bedroom
Bathroom and toilet area
Letting accommodation

Room 1 – Double with en-suite shower
Room 2 – Double with en-suite shower
Room 3 Double twin room with en-suite shower
*all letting rooms have tea & coffee making facilities and have flat screen TV

Small external terrace area

External areas

Car Park – 20

Services

All mains services connected to property. – Gas, water and electric

EPC