Summary
Originally known as ‘The New Inn’, the building was renamed The Fountain Inn in 1890. The building was acquired by the current owners in 2011 and has since been comprehensively redeveloped.
The freehold interest includes 2 existing buildings, separated by a middle courtyard, with an extensive patio area fronting onto Yeoman Street.
The front building comprises a Tea Room/Restaurant at ground floor, with 2 bed (ensuite) and breakfast rooms on the upper floor.
The rear building comprises a Village Store/Delicatessen at ground floor, with a self-catering apartment on the upper floor.
All of the accommodation has been decorated throughout to a very high standard, with modern amenities.
Further information on the extent of the premises and the nature of the business can be found via the link www.thefountainbonsall.co.uk.
Key Points
Planning consent secured for the conversion of the Village Store to self catering accommodtionCurrent annual turnover circa £160,000 with potential to increase to approximately £177,000 as a result of the Village Store conversionComprising tea rooms/restaurant, B&B, village store & delicatessen, self-catering holiday apartmentComprehensively refurbished throughout.
Freehold Interest
Offers in excess of £675,000 plus VAT (if applicable) are sought for the benefit of the freehold interest.
Turnover
The combined property elements have delivered a very strong financial performance over a sustained period of time.
Information on turnover, broken down across the four elements of the business is available confidentially on request to interested parties.
Current turnover figures (1st April 2023 to 31st March 2024) for the tearoom, bed and breakfast and Cobbles apartment amounts to circa £160,000.
It is anticipated that the turnover from the new apartments will be in the order of £17,000 pa, providing a potential total of £177,000 pa
The Tea Rooms is currently running at 8% higher turnover from 1st April 2024 to 31st October 2024 compared to the same period for 2023. Based on 6 days trading per week and opening times 0830-1600.
Planning
Details of the secured planning approval available on request.
Business Rates
The Valuation Office lists the properties as follows from 1 April 2024:
The Fountain Tea Rooms - Tea Rooms & Premises, £6,900.
The Deli - Shop & Premises, £5,000.
The Deli - Shop & Premises, £5,000.
Interested parties should make their own enquiries with Derbyshire County Council - 01629 533190.
What3Word
///lavished.premises.slyly
Location
Bonsall is a picturesque village on the edge of The Peak District, 5 miles from Matlock and 14 miles from Ashbourne.
The village attracts significant visitor numbers being located on the The Limestone Way.
The village has two local pubs, The Barley Mow and The Kings Head, supported by numerous holiday cottages.