FOR SALE FOREST LODGE HOTEL - 4 CHURCH STREET, EDWINSTOWE, MANSFIELD, NOTTINGHAMSHIRE, NG21 9QA - Fastly
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FOR SALE FOREST LODGE HOTEL Offers in the region of 4 CHURCH STREET, EDWINSTOWE, MANSFIELD, NOTTINGHAMSHIRE, NG21 9QA £1,250,000 – 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 Sherwood forest
• 12 luxury en suite bedrooms, magnificent barn restaurant (60) and characterful bars.
• Excellent profits from a turnover £708,913 (net of VAT) with potential for growth
• PP for an additional 8 letting bedrooms, proximity to new Robin Hood Visitor Centre.
• 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 soon to open 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 sacrifice,
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 future trading growth in both turnover and profit.
http://www.forestlodgehotel.co.uk/ PRICE
£1,250,000 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 new Robin Hood All appointments to view MUST be made through the
Visitor Centre. Currently under construction it is scheduled vendors’ agents who are acting with sole selling rights.
to open in the summer of 2018. This will obviously have a
positive impact on the area and the Forest Lodge hotel in
particular with a dramatic increase in visitor numbers
expected to the village.
Planning Permission has also been granted for the
redevelopment of the former colliery site to develop not
only 800 number of new homes but also a country park
and business park.
TRADE
Accounts supplied by the owners for the year ending June
2017 show an adjusted net profit (EBITDA) of£146,222
from a turnover net of VAT £708,913. Accounts for the
year ending June 2016 show an adjusted net profit
(EBITDA) of £156,998 from a turnover net of VAT of
£674,824.
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
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: Jonathan Wren
Tel: 0121 265 7524
Email: jonathan.wren@colliers.com
Colliers International
Level 12
Eleven Brindleyplace
2 Brunswick Square
Brindleyplace
Birmingham
B1 2LP
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. JAN 18. Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in
England & Wales no. 7996509. . Our registered office is at 50 George Street, London W1U 7GA.
www.colliers.com/uk/hotels
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