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3 bedroom pub for sale

Hampshire

£75,950

Property Description

Key features

  • Traditional 19th century community inn located in the popular location of Aldershot.
  • Welcoming Public Bar (circa 40), relaxing Lounge Bar (circa 30) & versatile Dining Room (circa 30 covers).
  • Enclosed Beer Garden and Patrons Car Park.
  • Good sized 3 bedroomed family accommodation.
  • Well-equipped Commercial Catering Kitchen.
  • Advised turnover for YE February 2014 circa 465,000 (incl. VAT).
  • Trade split circa 90% wet and 10% food.
  • Undoubted potential for catering/function orientated operators.
  • Enterprise Inns partially tied renewable lease.

Full description

Tenure: Leasehold

REF:7665 LEASEHOLD



AN EXCEPTIONAL OPPORTUNITY TO ACQUIRE A SUCCESSFUL AND WELL ESTABLISHED BUSINESS AND FAMILY HOME OFFERING TREMENDOUS GROWTH POTENTIAL FOR A HANDS-ON PARTNERSHIP

LOCATION

This outstanding business is situated in the highly desirable town of Aldershot (twixt Farnborough and Farnham) and can be easily reached from junction 5 of the M3 motorway near Basingstoke. Situated close to the old English market town of Farnham with easy access to the M3, A3, M25, M23, M40 and M1 makes this desirable location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick. This delightful community inn is ideally situated to draw trade from Farnham, Fleet, Farnborough and Aldershot itself, making this traditional English community inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of repeat trade and is also well serviced by local schools, shops and amenities. A compelling trade opportunity.

THE PROPERTY

This substantial inn occupies an excellent main road trading position in this bustling town with high levels of footfall and passing trade.

Main entrance at the front leading into the Public Bar and lounge Bar.

Public Bar (circa 40) is a good sized bright and airy room having a return bar servery with a solid polished counter and a matching back fitting with trade optics and refrigerated bottle coolers (not tested) and is furnished with loose polished tables, upholstered chairs and upholstered bar stools. There is also a feature brick built log burner fireplace and an additional open fireplace (currently unused). The room also has a beamed ceiling, a pool table, a darts throw, an AWP, a games machine and a digital jukebox. Access to the W.C's, the Beer Garden and the Lounge Bar.
Lounge Bar (circa 30) is a relaxing and inviting room having a feature return bar servery with a solid polished counter and a matching back fitting with trade optics and refrigerated bottle coolers (not tested) which is complemented by a range of loose polished tables, upholstered chairs and upholstered bar stools. Access to the Dining Room.
Dining Room (circa 30 covers) is versatile and multi-functional room and is furnished with loose polished tables and upholstered chairs. There is also a feature brick built open fireplace. Access to the W.C's.

Catering facilities include a well-equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Lower Ground Floor Cellar with dray drop, pumps, python, tilt racks, post mix and cooler.
Ladies and Gents W.C.'s x2 sets.

OWNER'S ACCOMMODATION

Situated on the ground floor and the 1st floor; being of a good size and briefly comprises: 3 bedrooms, utility room, bathroom and ground floor lounge.

EXTERNAL

Enclosed Beer Garden (circa 80+) having a paved patio area and is furnished with timber picnic benches. There is also a covered designated smoking area and a private courtyard area for storage.

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 - 08.00am - Midnight
Friday & Saturday - 08.00am - 01.00am
The current opening hours are as follows:
Sunday - Thursday - Midday - 11.00pm
Friday & Saturday - Midday - Midnight

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.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 7 years remaining of the Enterprise Inns full repairing and insuring, renewable agreement.
We are advised that the inn is partially tied to draught beers ONLY.
We are informed that the rent is currently 35,000 per annum.
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 mains services (no services seen or tested).
Business rates payable are advised as currently being circa ??????? per annum.

THE BUSINESS

Our vendor client operates this excellent business as a 'sole trader' on a full time basis with the assistance of 1 full time chef and 7 part time members of staff.
Trade is currently derived from circa 90% wet sales and 10% food sales and whilst emulating the current successful business model there is still tremendous potential for a new hands-on owner operator partnership to take this business to the next level by exploiting the obvious food potential and also focussing on a strategic marketing campaign to promote the business for private parties and wakes etc, for which there is huge demand for within the locale.
This is an extremely rare and outstanding opportunity for those seeking a lifestyle change or even an alternative career from the fast pace of London or even as an additional income stream whilst commuting.
Advised turnover for YE February 2014 circa 465,000 (incl. VAT).
This highly impressive community 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 500,000 (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.


Energy Performance Certificates (EPCs)

Map & Street View

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