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Bar / Nightclub for sale

The Saddlers, New Yatt Lane, Witney, OX29

£49,950

Property Description

Key features

  • Ideally located on New Yatt Lane in a popular residential area of Witney
  • Witney is a sought after and affluent town surrounded by beautiful countryside
  • Popular public house and restaurant which was established as far back as 1935
  • T/O 78,000 per annum GP 60%
  • 28-cover restaurant presented to a very high standard throughout
  • Self-contained 3-bedroom owners' accommodation above
  • Spacious carpark
  • Huge scope to develop further

Full description

Tenure: Leasehold

Location
The Saddlers is ideally located on New Yatt Lane, in a popular residential area of Witney, Oxfordshire. Witney is a sought after and affluent town surrounded by beautiful countryside. The town lies approximately 12 miles to the west of Oxford and boasts easy access with the A40 just a short drive away.

Business History
Preferred Commercial is delighted to offer for sale this popular public house and restaurant which was established as far back as 1935 and which has been in our client's careful hands since 2008. The business is only now being placed on the market due to ill health. The Saddlers is currently run at a pace to suit our client and generates a turnover in the region of 78,000 per annum with a gross profit of 60%. The business boasts a 28-cover restaurant presented to a very high standard throughout, self-contained 3-bedroom owners' accommodation above and a spacious car park. There is huge scope to increase turnover by extending the opening hours and embarking on a modest advertising campaign. A new owner could introduce a web site to promote the business further. We feel this represents an ideal opportunity to acquire a public house and restaurant in such a desirable and sought after area. Early viewing is highly recommended to fully appreciate.

Financial Details
T/O: 78,000 approx.
GP: 60%

Opening Hours
Mon: Closed
Tues - Thurs: 12.00pm - 2.30pm & 6.00pm - 10.00pm
Fri: 12.00pm - 2.30pm & 5.00pm - 11.00pm
Sat: 12.00pm - 11.00pm
Sun: 12.00pm - 8.00pm

Accommodation Details
Public house offering 28 covers and 3-bedroom owners' accommodation. Briefly comprising:

Ground Floor
Bar with wooden flooring, exposed beams, wood burning stove, large bar servery offering 7 points of dispense including 3 real ale pumps, optics display, bottle display chillers and electronic cash register, wooden tables and leather chairs
Ladies WC
Gents WC
Conservatory dining room offering 28 covers
Well-fitted commercial kitchen with stainless steel work surfaces, stainless steel extraction system, 6-burner hob and oven, double fryer, dishwasher, double stainless steel sink, 2 x refrigerators, 2 x freezers and storage area

Lower Ground Floor
Beer cellar with associated equipment

First Floor
Owners' living accommodation, briefly comprising:
Lounge with feature fireplace
3 x large double bedrooms with fitted wardrobes
Bathroom with bath, WC, walk-in shower and wash basin

External
Large car park
Garden area with seating

Tenure
Leasehold
Original length: 20 years
Remaining: 18 years
Review: every 5 years
Rent: 270 per week

To view this property or request more details, contact:

Preferred Commercial, Nationwide

Lower House Farm Mansell Way, Horwich, Bolton, BL6 6JL

0844 871 1484 Local call rate

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