The Shires Inn, Main Street Peatling Parva, Lutterworth, Leicestershire, LE17 5PU

This popular and successful business enjoys a strong reputation as a destination pub and restaurant, with a trade split of approximately 70% food sales to 30% wet sales. The business is run by our clients with a number of full time and part time members of staff and benefits from a strong catchment area in south Leicestershire. It will continue to benefit from the significant amount of residential development which is going on in the area.

A part two storey, part single storey property of traditional brick construction under pitched tiled roofs. The spacious property has been extended over the years and now caters for up to approximately 220 diners. We are advised the site extends to approximately 1.9 acres.

Situated in a desirable south Leicestershire village with easy access to the M1 motorway

Lounge bar (90)
Carvery dining area (30)
Conservatory restaurant/function room (100)
Commercial kitchen with wash up and preparation areas and walk in freezer
Ladies, gents and accessible toilets.

Car parking for up to 50 vehicles
Patio seating area for approximately 50 covers
Beer garden with bench seating and children’s play area, extending to approximately one acre
Stores and bin store
Separate staff parking for approximately 12 vehicles on part of the beer garden

Situated at first floor level and comprising two bedrooms, dining kitchen, lounge, bathroom and an office. We understand there is the potential to convert part of the roof space into an additional usable space.

The business has been run by our clients for approximately 30 years and is now a highly popular and profitable food led establishment.

New owners will have the opportunity to further develop the business by taking advantage of the planning permission to increase the overall capacity and also add letting accommodation to the offering. The surrounding area is undergoing a sustained period of residential development, with numerous schemes at various stages of development within a short drive of the business.

Run by our clients with the assistance of 10 full time and a pool of 30 part time members of staff.

For the year ended 31st May 2022, the business produced net sales of £1,147,259. We are advised the business generated an EBITDA figure of £285,572 for the same period.
Further trading information will be made available to genuinely interested parties.

Approved planning permission exists for the development of a guest house with six en-suite letting bedrooms, a single story extension to the rear of the trading areas and an increased car parking capacity. Further information is available via the sole selling agent. We are advised by that this was renewed in January 2022.

The premises are available freehold or by way of a new free of tie lease with a requirement to purchase the freehold interest within a period of time to be agreed. Please contact the Sole Selling Agent for further information.

The current business rateable value from 01 April 2023 is £73,500