FOR SALE FOREST LODGE HOTEL Offers in the region of 4 CHURCH STREET, EDWINSTOWE, , , NG21 9QA £1,100,000 – Freehold FOREST LODGE HOTEL, 4 CHURCH STREET, EDWINSTOWE, MANSFIELD, NOTTINGHAMSHIRE, NG21 9QA

SUMMARY

• Highly successful hotel and pub restaurant • Superb trading location on the edge of • 12 luxury en suite bedrooms, magnificent barn restaurant (60) and characterful bars. • Profits of £160,494 from a turnover £773,161 (net of VAT) with potential for growth • PP for an additional 8 letting bedrooms, close proximity to both the new Visitor Centre and the redevelopment of Thoresby Colliery site • A rare opportunity - Must be viewed

INTRODUCTION time and monies establishing one of the area’s most successful and well run businesses. The decision to sell Adjacent to the world famous Sherwood Forest in the has been taken with great reluctance but the family now village of Edwinstowe, the Forest Lodge Hotel is a highly wish to pursue other business interests. successful and long established independent hotel and pub restaurant. The property has the benefit of 12 luxury en Whilst already producing an impressive turnover and suite bedrooms, a magnificent barn restaurant and profit, planning permission for an extra 8 bedrooms, close charming bars and public areas. The business has built up proximity to the popular new Robin Hood Visitor Centre, a loyal clientele attracted by not only the comfortable and the development of 800 new homes and a new accommodation and friendly service afforded, but also the business park on the edge of the village ensure that the high quality of the fresh local fare and wide selection of sale of Forest Lodge represents a fantastic opportunity for fine ales and wines on offer. new owners to take over an already fantastic business with great potential for future growth. Edwinstowe is an affluent and popular large village situated on the edge of world renowned and historic Sherwood Forest in Nottinghamshire. Just a 5 minute walk THE PROPERTY from the forest, the location of the Forest Lodge Hotel ensures that the hotel is the first port of call for the many A substantial detached period property of traditional brick thousands of visitors who regularly visit the forest. The construction beneath a pitched tiled roof. The main business is also ideally placed to attract trade from the building is separated from an annexe building but an affluent local population as well as destination customers attractive arch and to the rear is what was originally a from further afield. large barn. The Forest Lodge Hotel has been owned and operated by the same family since June 2004. During their 14 enjoyable years at the helm they have spent considerable FOREST LODGE HOTEL, 4 CHURCH STREET, EDWINSTOWE, MANSFIELD, NOTTINGHAMSHIRE, NG21 9QA

PUBLIC AREAS OWNERS ACCOMMODATION A main entrance door with storm porch leads from the car On the first floor of the hotel is a spacious owners’ flat park through to a spacious hall and reception area with with flexible space comprising of a lounge, kitchen, master reception desk and access to ladies and gents WCs. To the bedroom with en-suite, second double bedroom, playroom, front of the building is a charming public bar with office and family bathroom. character features including exposed beams, wood OUTSIDE panelling, an attractive brick fireplace with cast iron grate and a well-designed bar servery. Moving towards the rear To the side of the property is a large tarmac carpark with of the building is a quieter lounge bar area with exposed marked bays for 37 vehicles. beams and freestanding tables and chairs and a substantial LISTINGS well designed bar servery. The Lounge bar leads through to the magnificent Barn Restaurant. A striking and • 4 star AA listing imposing space, the restaurant has a magnificent double • Good Beer guide height cathedral ceiling with beautiful beams and trusses, • CAMRA ‘Pub of the Year’ oak wood panelled walls and exposed brick pillars. The restaurant is currently configured with quality free • Trip Advisor Certificate of Excellence. standing tables and chairs for 60-70 covers. LETTING BEDROOMS The Forest Lodge has 12 luxury letting bedrooms (1 triple room that can also be used as either a double or a twin room, 8 doubles, 3 twins. Interconnecting door between one double and one twin room also allow a family suite to be let out.). All the rooms have en suite facilities, TV and Wi-fi. The owners have obtained planning permission to create 8 new letting bedrooms within the annexe area of the hotel. One of the existing bedrooms would have to be sacrificed, but once developed the hotel would have a total of 19 rooms. Plans available following a formal viewing. ANCILLARY AREAS Situated on the ground floor is a fully equipped commercial kitchen with a comprehensive range of stainless steel professional equipment, work surfaces, storage and extraction system. Dedicated preparation and washing up areas, various stores including walk in fridge and freezer, beer cellar and wine store. FOREST LODGE HOTEL, 4 CHURCH STREET, EDWINSTOWE, MANSFIELD, NOTTINGHAMSHIRE, NG21 9QA

WEBSITE PRICE http://www.forestlodgehotel.co.uk/ £1,100,000 is sought for the freehold property complete PLANNING PERMISSION with goodwill and trade contents (subject to inventory), but excluding personal items. Stock at valuation in addition. Planning Permission has been obtained by the current owners to provide additional 8 double letting bedrooms. In FINANCE order to facilitate this one of the existing bedrooms would Colliers International is able to assist prospective be lost but the opportunity is to take the hotel up to 19 purchasers by introducing sources of finance if required. letting rooms in total. Plans available following a formal Whilst we do not charge the buyer for this service, we may viewing. receive an introductory commission from the lender or PLANNED DEVELOPMENTS WITHIN THE broker involved. AREA. TO VIEW Just 5 minutes walk from the hotel is the newly opened All appointments to view MUST be made through the Robin Hood Visitor Centre; this will obviously have a vendors’ agents who are acting with sole selling rights. positive impact on the area and the Forest Lodge hotel in particular with a dramatic increase in visitor numbers expected to the village. Redevelopment has also begun of the nearby Thoresby Colliery site to provide not only 800 number of new homes but also a country park and business park. TRADE Trading accounts supplied by the Owners for the year ending June 2019 show an adjusted net profit (EBITDA) of £160,494 from a turnover, net of VAT, of £773,161. It is important to note that Forest Lodge is a family run business, and currently one of the three principals is employed in the kitchen as Head Chef. The wages for this role are included in the accounts. It is the current Owners and agents opinion that new ‘hands-on’ Owners may be able to make changes to the current structure and therefore substantially increase profitability. Given the potential afforded by not only the planning permission for additional bedrooms, but also the various commercial and residential developments taking place on the doorstep, the business offers tremendous potential for future trading growth in both turnover and profit. FOREST LODGE HOTEL, 4 CHURCH STREET, EDWINSTOWE, MANSFIELD, NOTTINGHAMSHIRE, NG21 9QA FOREST LODGE HOTEL, 4 CHURCH STREET, EDWINSTOWE, MANSFIELD, NOTTINGHAMSHIRE, NG21 9QA

FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Name: Paul Barrasford Tel: +44 7826860419 Email: [email protected]

Colliers International 50 George Street London W1U 7GA

Property Ref: 215526

Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. June 2020. Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in & Wales no. 7996509. . Our registered office is at 50 George Street, London W1U 7GA. www.colliers.com/uk/hotels