3 bedroom pub for saleEssex
- Prominent and substantial property situated in the highly desirable and prime location of Chelmsford.
- Good sized versatile Public Bar (circa 100+) and a multi-functional Restaurant (circa 30+ covers).
- Good sized newly fitted fully equipped Commercial Catering Kitchen.
- Presented in excellent decorative order throughout having been refurbished and modernised.
- Impressive 3 Bedroom Owners Accommodation.
- Patrons Car Parking facilities for 5 cars (more Parking over the road).
- Advised current turnover circa £235,000 (incl. VAT).
- Trade derived from circa 75% wet and 25% food sales.
- Offered on NEW PRIVATE FREE-OF-TIE 10 YEAR RENEWABLE LEASE.
REF 7595 LEASEHOLD
AN EXCITING OPPORTUNITY TO ACQUIRE THIS TRULY SUPERB BUSINESS PROPOSITION SET IN THE DELIGHTFUL COUNTY OF ESSEX OFFERING TREMENDOUS GROWTH POTENTIAL
This super business is situated in the highly desirable and affluent city of Chelmsford in the lovely county of Essex and can be easily reached from junction 28 of the M25. Located within the commuter belt to London and also having excellent road communications providing easy access to the A12, M25, M11, M23, A1(M) and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Gatwick, Stanstead and Luton. Chelmsford and is also within close proximity to the Harwich and Parkeston Ferry terminal, bringing an abundance of visitors and tourists from Holland and Denmark all year round. Chelmsford is also situated close to Braintree, Bishops Stortford, Colchester, Felixstowe and Clacton on Sea making this popular community inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of repeat trade. A compelling trade opportunity.
This substantial and impressive detached property occupies a prominent trading position within a densely populated residential location.
Main entrance at the front leading into the lobby with access into the Public Bar.
Public Bar (circa 100+) being semi-circular is of a good size, providing a bright and airy ambience, extremely versatile in its usage and well furnished with a good range of loose tables, upholstered chairs, leather armchairs and upholstered bar chairs. There is also a central semi-circular return bar servery with a solid polished counter with a matching back fitting having trade optics and refrigerated bottle coolers (not tested). The room also has recessed ceiling lights and ceiling mounted air conditioning units. Dumb Waiter to the lower ground floor Catering Kitchen.
Restaurant (circa 30+ covers) again in keeping with the Public Bar is semi-circular and offers versatile and multi-functional usage; ideal for a variety of events including wakes and private parties etc and is presented in excellent decorative order. The restaurant is well furnished with a good range of loose tables and leather chairs.
Catering facilities include a NEWLY fitted fully equipped commercial Kitchen (situated on the lower ground floor) with stainless steel appliances and preparation surfaces (appliances not tested). There is also a Wash-up and Prep Room and a Dumb Waiter to the first floor.
Lower Ground Floor Cellar with delivery access, pumps, python, post mix and cooler.
Ladies, Gents and Disabled W.C.s.
Situated on the 1st floor, offering good sized accommodation briefly comprises: 3 bedrooms, kitchen, lounge and bathroom.
There is a lawned Beer Garden at the front with timber picnic benches. There is also a children’s play area at the rear and a covered designated smoking area. Patron’s car parking facilities for circa 5 cars.
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:
Sunday – Thursday – 10.00am – Midnight
Friday & Saturday – 10.00am – 01.00am
The current opening hours are as follows:
Monday – Thursday – 4.00pm – 11.00pm
Friday & Saturday – Midday – 01.00am
Sunday – Midday – 11.00pm
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The business is being offered for sale as a NEW highly favourable 10 year ‘FREE OF TIE’ Private FRI Lease Agreement as follows:
1. The asking premium will be £80,000.
2. The initial annual rent will be £35,000
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954.
We are advised that the inn benefits from all main services and uses gas fired central heating (services not tested). Business rates payable are advised as being circa £8,000 per annum.
Our vendor clients operate this well established and successful business as a ‘husband and wife’ team on a full time and part time basis respectively with the assistance of 2 full time and 3 part time staff. Trade is currently derived from circa 75% wet sales and 25% food sales, thereby providing immense scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation. This is an extremely rare and outstanding opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City or even as an additional income stream whilst commuting. Advised current turnover is circa £235,000 (incl. VAT).
This delightful inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator to achieve a turnover well in excess of £300,000 (incl. VAT).
Accounting information will be made available to interested parties after viewing.
This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.
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.
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, 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.
(IX) All prices quoted are excluding stock at valuation.
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