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3 bedroom pub for sale

SURREY

£79,950

Property Description

Key features

  • Traditional and substantial inn situated in the prime location of Outwood.
  • Delightful Lounge Bar (circa 20+), cosy Snug (circa 10+) and a multi-functional Restaurant (circa 35+ covers).
  • 3 bedroomed family accommodation.
  • Good sized enclosed Beer Garden and Patron's parking facilities for circa 40 cars.
  • Wealth of charm and character throughout with a lovely through open fire and part oak panelled walls.
  • Advised current turnover circa 300,000 (incl. VAT).
  • Trade derived from circa 40% wet sales and 60% food sales. Undoubted potential for catering orientated operators.
  • Enterprise Inns partially tied renewable lease.

Full description

Tenure: Leasehold

REF 7760 LEASEHOLD


RARE OPPORTUNITY TO PURCHASE A WELL-ESTABLISHED AND SUCCESSFUL LIFESTYLE BUSINESS AND FAMILY HOME OFFERING IMMENSE GROWTH POTENTIAL


LOCATION
This outstanding business can be found in the affluent and highly sought after location of Outwood in the beautiful county of Surrey and can be easily reached from junction 7 of the M23 near Gatwick Airport. Situated within the commuter belt being approximately ONLY 25 miles from the capital city of London and also located within the M23 corridor, having excellent road communications providing easy access to the M23, M25 and M20 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. Outwood is also within the catchment area of many similar affluent towns and villages in addition to being situated close to Redhill, Reigate and Crawley making this superb business ideally situated to attract trade from the nearby surrounding towns and villages. An enviable place to reside offering a compelling business opportunity.

THE PROPERTY
This impressive and attractive 17th century inn occupies a prominent and easy accessible trading position in the heart of this National Trust village.

Main entrance at the front leading into the lobby with access into the Lounge Bar.
Lounge Bar (circa 20+) is a traditional room exuding a lovely welcoming and relaxing ambience. There is a feature return bar servery with a solid polished counter and a matching back fitting with shelving and refrigerated bottle coolers (not tested). The room is well furnished with a range of solid polished tables and a mix of upholstered chairs. Adding to the charm and character of the room is the delightful brick built through open fireplace and the part panelled walls. Access to the Restaurant and the Snug.
Snug (circa 10+) is a cosy and versatile room (ideal for private dining) and is furnished with solid polished tables and a mix of upholstered chairs. The room also has a feature brick built through open fireplace.
Restaurant (circa 35+ covers) is a good size room set within 2 delightful dining areas, being mutli-functional in its usage and is ideal for wakes, meetings and private parties etc. There is a return bar servery and is well furnished with a good range of solid polished tables and a mix of upholstered chairs and leather chairs. Access to the Beer Garden.
Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a Wash-up Room and a Walk-in Chiller
Lower Ground Floor Cellar with dray drop, pumps, python, tilt racking system, post mix and cooler.

Ladies, Gents and Disabled W.C.'s.

OWNER'S ACCOMMODATION
Situated on the 1st floor, being of a good size and presented in good decorative order and briefly comprises: 3 bedrooms, lounge and bathroom.

EXTERNAL
There is a good sized Beer Garden (circa 100+) at the rear with a children's play area and is well furnished with timber tables and chairs and Wratten style garden furniture. There is also a timber decked patio area and a paved patio area with Wratten style garden furniture. There is also a private yard for storage and a seating area at the front of the inn with timber picnic benches.
Patron's car parking facilities for circa 40 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 - Sunday - 10.00am - Midnight

The current opening hours are as follows:

Monday - 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, bottle beers and minerals only. We are informed that the
rent is currently circa 31,700 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 with the exception of LPG for cooking and uses oil fired central heating (no services seen or tested). Business rates are advised as being circa 17,000 per annum.

THE BUSINESS
Our vendor clients operate this excellent business as a 'partnership' team on a full time basis with the assistance of 1 full time and 2 part time members of staff. Trade is currently derived from circa 40% wet sales and 60% 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 food orientated operation enabling them to take this 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. Advised current sales are circa 300,000 (incl. VAT). This extremely popular inn is a well-established and highly 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 375,000 (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)

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