5 bedroom pub for sale

Tenure: Freehold

LOCATION
This substantial and highly profitable business and property has an enviable location, just off the high street in Gillingham, Kent.
Gillingham is the largest of the Medway towns within the county of Kent. Its population in 2001 was 112,000. The town was closely associated with the Royal Navy until the closure of the dockyard at Chatham in 1994, although the dockyard is now a thriving commercial area. The transport links are excellent to and from the town with the Medway Tunnel linking Gillingham with the M2 motorway and the railway station offering an array of destinations including Central London.
The town boasts many amenities such as good schooling, a leisure centre, Gillingham Football Club and a good selection of shops, with the high street due to get a complete overhaul in the very near future.

THE PROPERTY
This substantial 2 storey high street property sits under a pitched, tiled roof occupying a prominent and enviable corner location within this large town.

2 Main entrances at the front and side of the property lead into the main lounge and public bar areas.

Lounge Bar (circa 40) is a very good sized room with its attractive fireplace, stone tiled flooring and superb long bar servery complimented by the loosely polished tables and upholstered chairs and bar stools.
Access to W.C’s, public bar and conservatory restaurant.

Conservatory Restaurant (circa 40) benefits from a stone floor, a large carvery unit and wooden furnishings along with a light and airy feel. Access to the lounge bar and patio terrace area.

Public Bar/Games Room (circa 30) accommodates the drinking fraternity with a pool table, darts throw, bar servery and carpeted flooring.

Ladies and Gents W.C’s.

Catering facilities include a well equipped semi commercial Kitchen with stainless steel appliances (appliances not tested).

Lower Ground Floor Cellar with barrel drop, barrel racks, pumps and cooler. Dry Bottle Store.

OWNER’S ACCOMMODATION
Situated on the first floor and briefly comprises: 3 double bedrooms, 2 single bedrooms, lounge, kitchen and bathroom.

EXTERNAL
To the rear of the building and accessed from the conservatory is a patio terrace area offering seating for 70.
Furthermore, to the side are 2 car parking spaces for private use and a garage.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of: ……

Sun – Thurs 11.00am – 11.00pm
Fri – Sat 11.00am – 11.00pm

Current opening hours are:

Sun – Thurs 11.00am – 11.00pm
Fri – Sat 11.00am - 11.00pm

N.B. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1-day NCPLH Course every 2 weeks. Please telephone us to reserve your place or book on-line at www.guysimmonds.co.uk

GENERAL REMARKS
The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).

We are advised that the inn benefits from all mains services and uses gas central heating
(services not tested). Business rates are advised as currently being £8,000 per annum.

THE BUSINESS
Our clients took over the business in September 1996 and have developed a very strong trading foundation over the last 11 years.
This very successful business is being offered as a highly profitable concern, yet offering huge potential to increase turnover, with the food only generating 5% of the current revenue.
This is a successful and profitable business and already having a solid trading foundation still offers new enthusiastic owner operators considerable potential to increase the sales. Sales y/e Dec '06 are circa £400,600 (incl. VAT) with reconstituted net profits (after adding back finance, bank charges, depreciation and managers wages) of £120,000.
In our opinion there is massive potential to increase the food sales and would expect new fully focussed enthusiastic full time owner operators to achieve an annual turnover in excess of £550,000, which has been achieved in the past. Our vendor client has established an excellent reputation which can be fully emulated by new enthusiastic operators. The asking price reflects the location and quality of fixtures and fittings.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.
Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

TRAINING: For a brochure and dates of our award-winning training courses leading to the relevant B.I.I, qualifications (and APLH). Telephone (01332) 865112 or view on www.guysimmonds.co.uk Courses are monthly.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions (note; 1ft. = 0.348 m), distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.