2 bedroom pub for sale

BUCKINGHAMSHIRE

Sold STC £99,950

Property Description

Key features

  • Traditional and distinctive village inn situated in the prime location of Weston Underwood
  • Warm and inviting Public Bar (circa 35+), cosy Lounge Bar (circa 15), relaxing and intimate Restaurant (circa 20+ covers) and a versatile Function Room (circa 60+)
  • Extensive lawned Beer Garden, Children's Play Area and Patron's Car Park for circa 20+ cars
  • Highly impressive two bedroomed family accommodation
  • Well-equipped Commercial Catering Kitchen
  • Advised current turnover circa 460,000 (incl. VAT)
  • Exuding a wealth of charm and character throughout with open fires, quarry tiled and flagstone floors and beamed ceilings
  • Trade split approximately 50% wet sales and 50% food sales. Immense potential for catering/functions orientated operators
  • Enterprise Inns 'part tied' renewable lease with a very favourable rent

Full description

Tenure: Leasehold

Ref 7743 LEASEHOLD


A RARE OPPORTUNITY TO ACQUIRE THIS OUTSTANDING AND SUCCESSFUL BUSINESS OFFERING TREMENDOUS GROWTH POTENTIAL



LOCATION
This outstanding business is situated in the beautiful county of Buckinghamshire, in the affluent and highly desirable village of Weston Underwood and can be easily reached from junction 14 of the M1 motorway. Being situated twixt Northampton and Milton Keynes and with easy access to the M1, M40, M6 and the M25 circular makes this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Birmingham, Luton and Heathrow. This superb inn is ideally situated to draw trade from Weston Underwood itself and also attracts a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas and has an excellent level of repeat trade and is well serviced by local schools, shops and amenities. A compelling business opportunity and an enviable place to reside.

THE PROPERTY
This substantial and impressive 19th century village inn occupies an excellent prominent and easily accessible trading position within the heart of this delightful village.
Main entrance at the front leading into the Public Bar (circa 35+) is a traditional and welcoming room having a feature stone built return bar servery with a solid polished counter and a back fitting with shelving and refrigerated bottle coolers (not tested). The room is well furnished with solid polished tables, upholstered pew style seating, upholstered window seating and upholstered bar stools. Adding to the charm and character of the room feature through open fireplace, the flagstone and quarry tiled floor and the beamed ceiling. There is also an additional brick built open fireplace and lovely exposed stone walling. Access to the Lounge Bar (circa 15) exuding a cosy and relaxing ambience, having a return bar servery and is furnished with a loose polished tables, polished poseurs, upholstered chairs, upholstered mini stools, upholstered window seating and upholstered bar stools. There is also a feature brick built open fireplace (currently unused), a feature through open fireplace, beamed ceiling and a quarry tiled floor adding to the charm of this room. Access to the Restaurant (circa 20+ covers) is a delightful and intimate room and is well furnished with an eclectic range of loose polished tables, upholstered chairs and upholstered perimeter seating. The room also has a solid oak floor.
Function Room (circa 60+) is a versatile and multi-functional room, ideal for weddings, private parties, wakes and meetings etc and is well furnished with a good range of loose polished tables and upholstered chairs. The room also has a dance floor area, a return bar servery and lovely exposed stone walling, a vaulted ceiling and access to its own W.C's.
Catering facilities include a well-equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Access to a dry goods store room.
Lower Ground Floor Cellar with dray drop, pumps, python, tilt racks and cooler.
Ladies and Gents W.C.'s.

OWNER'S ACCOMMODATION
Situated on the first floor, presented in good order, offering good sized rooms briefly comprises: two bedrooms, lounge, kitchen and bathroom.

EXTERNAL
There is a very good sized lawned Beer Garden (circa 150+) at the rear with timber picnic benches. There is also a children's play area. There is a substantial plot of land (currently unused) and timber storage units x 2. There is also a brick paved terraced patio area at the front with timber picnic benches (circa 20+). Patron's car parking facilities for circa 20+ 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:

Monday to Sunday: 10.00am - 01.00am

The current opening hours are as follows:

Monday to Friday: Midday - 3.00pm & 5.30pm
- 11.00pm
Saturday: Midday - 11.00pm
Sunday: Midday - 9.00pm

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.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 4 years remaining of the Enterprise Inns full repairing and insuring, renewable agreement. We are advised that the inn is 'part tied' to draught beers, bottled beers and ciders. We are informed that the rent is currently circa ONLY 28,000 per annum. We are advised that the inn benefits from all mains services, except Calor gas for cooking and uses electric heating (no services seen or tested). Business rates payable are advised as being circa 9,300 per annum.

THE BUSINESS
Our vendor client operates this excellent business as a 'sole trader' on a full time basis with the assistance of four full time and ten part time/casual members of staff. Trade is currently derived from circa 50% wet sales and 50% food sales and 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/functions orientated operation. There are many additional areas of potential to increase sales and profitability including the implementation of a strategic marketing campaign to utilise the premises for private parties, weddings, wakes and functions etc.
There is also massive potential to facilitate early opening hours to provide coffee and breakfast etc which would have an incredibly positive impact on the turnover and profits.
Advised current turnover is circa 460,000 (incl. VAT). This extremely busy and popular 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 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)

Nearest station

  • Wolverton (6.3 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 station

  • Wolverton (6.3 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 7743. 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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