4 bedroom pub for sale

HERTFORDSHIRE

£90,000

Property Description

Key features

  • Traditional village inn situated in the prime historic location of Potten End, near Berkhamsted.
  • Welcoming Public Bar (circa 30), relaxing Lounge Bar (circa 20) and a cosy Snug (circa 15).
  • Good sized enclosed Beer Garden.
  • Impressive 3/4 bedroomed family accommodation.
  • Well-equipped Commercial Catering Kitchen.
  • Sympathetically refurbished whilst retaining a wealth of charm and character throughout.
  • Advised current turnover circa 230,000 (incl. VAT).
  • 95% wet sales and 5% food sales. Immense potential for catering orientated operators.
  • Stankerr Estates 'FREE OF TIE' lease with approximately 13 years remaining.

Full description

Tenure: Leasehold

REF:7732 LEASEHOLD



A TRULY EXCELLENT OPPORTUNITY TO PROCURE AN ESTABLISHED AND SUCCESSFUL LIFESTYLE BUSINESS AND HOME OFFERING TREMENDOUS GROWTH POTENTIAL

LOCATION

This outstanding business is situated in the highly desirable village of Potten End and can be easily reached from junction 8 of the M1 motorway. Situated close to London with easy access to the M40, M4, M1 and M25 makes this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Luton, Stansted and Gatwick. This superb inn is ideally situated to draw trade from Hemel Hempstead, Chesham, St Albans and Potten End itself and also attracts a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas all of which contribute to the excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This impressive 19th century inn occupies an excellent prominent and easy accessible trading position in this delightful village.

Main entrance at the front leading into the lobby with access into the Public Bar.

Public Bar (circa 30) is a traditional room exuding a lovely welcoming ambience having a feature return bar servery with a solid polished oak counter and a mirrored back fitting with trade optics and refrigerated bottle coolers (not tested). The room is furnished with a range of loose polished tables, chairs and upholstered bar stools. Adding to the charm and character of the room is the delightful brick built open fireplace and the part panelled walls. There is also a pool table with lighting over, a darts throw, an AWP and a digital jukebox. Access to the Beer Garden and Lounge Bar.

Lounge Bar (circa 20) exuding a wonderful comfortable and relaxing ambience having a feature return bar servery with a solid polished oak counter. The room is furnished with a range of loose polished tables, polished poseur, chairs and upholstered bar stools. There is also a feature brick built open fireplace, beamed ceiling, lovely exposed brick walling and a solid oak floor adding to the charm and character of this room. Access to the Snug.

Snug (circa 15) being a versatile room and yet offers a cosy atmosphere and is furnished with loose polished tables, chairs and a comfortable upholstered sofa. The room also has a flagstone floor and lovely exposed brick walling.

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

Ground Floor Cellar with delivery access, pumps, python, post mix and cooler. Bottle Store.

Ladies and Gents W.C.'s.

OWNER'S ACCOMMODATION

Situated on the 1st floor, offering good size rooms and presented in good order, briefly comprises: 3/4 bedrooms, lounge, office/bedroom 4, kitchen and bathroom.

EXTERNAL

There is a good sized enclosed lawned Beer Garden at the rear with timber picnic benches and paved patio area. There is also a good sized enclosed private garden for the owner's.

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 - 11.00am - 11.00pm
Friday & Saturday - 11.00am - 11.30pm
The current opening hours are as follows:
Sunday & Tuesday - Midday - 10.00pm
Monday, Wednesday & Thursday - Midday - 11.00pm
Friday & Saturday - Midday - 11.30pm

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 13 years remaining of the Stankerr Estates full repairing and insuring, renewable agreement. We are advised that the inn is 'FREE OF TIE'. We are informed that the rent is currently circa 40,000 per annum. We are advised that the inn benefits from all mains services and uses gas fired central heating (no services seen or tested). Business rates are advised as being circa ONLY 1,803.47 per annum.

THE BUSINESS

Our vendor client operates this excellent business on a 'hands-off' basis with the assistance of 1 full time and 4 part time members of staff. Trade is currently derived from approximately 95% wet sales and 5% food sales.
Whilst emulating the current business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a catering orientated operation to take the business to the next level by exploiting the obvious food potential that is to be found here.
There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc.
There is also massive potential to facilitate early opening hours and to provide coffee and breakfast etc which would have an incredible positive impact on the turnover and profits. Advised current sales are circa 230,000 (incl. VAT).
This extremely popular village inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect fully focussed and fully committed operators 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.

Nearest stations

  • Berkhamsted (1.6 mi)
  • Hemel Hempstead (2.5 mi)
  • Apsley (3.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Berkhamsted (1.6 mi)
  • Hemel Hempstead (2.5 mi)
  • Apsley (3.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7732. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds, National Licensed Property Agents. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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