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1 bedroom pub for sale

BUCKINGHAMSHIRE

£40,000

Property Description

Key features

  • Delightful 19th century village inn situated in a highly sought after prime location.
  • Inviting Lounge Bar (circa 40+) with a feature inglenook fireplace.
  • Versatile and multi-functional Meeting Room/Darts Room (circa 10).
  • Refurbished and modernised, presented in excellent decorative order throughout.
  • Equipped Commercial Catering Kitchen.
  • Good sized lawned Beer Garden (circa 200) and Patron’s Car Park.
  • Advised turnover for Y/E December 2013 circa £322,000 (incl. VAT).
  • Trade split circa 90% wet and 10% food. Undoubted potential for catering orientated operators.
  • Enterprise Inns partially tied renewable lease.

Full description

Tenure: Leasehold

REF : 7335 LEASEHOLD

AN OUTSTANDING OPPORTUNITY TO PURCHASE A WELL ESTABLISHED BUSINESS OFFERING TREMENDOUS POTENTIAL FOR A HANDS-ON PARTNERSHIP

LOCATION

This outstanding business is situated in the highly desirable village of Holmer Green (near High Wycombe) Buckinghamshire and can be easily reached from junction 4 of the M40 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 Luton, Heathrow, Stansted and Gatwick.

This superb inn is ideally situated to draw trade from High Wycombe, Marlow, Bourne End, Beaconsfield and Holmer Green 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. Holmer Green, one of Buckinghamshire’s most popular suburbs, is a desirable area for families and has many facilities including schools and amenities. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This highly desirable village inn is an attractive property occupying an excellent trading position.
Main entrance at the front leading into the lobby with access into the Lounge Bar.

Lounge Bar (circa 40+) is a delightful modern contemporary room yet retaining a lovely traditional feel and exudes a warm and welcoming ambience. There is a feature return bar servery with a solid polished counter and matching back fitting with trade optics and refrigerated bottle coolers (not tested).

The room is well presented and furnished with a good range of polished tables, upholstered chairs, upholstered perimeter seating and bar chairs. Adding to charm and character of this room is the feature brick built inglenook fireplace.
Access to the W.C’s and the Private Meeting Room/Darts Room.

Meeting Room/Darts Room (circa 10) is a multi-functional room having loose polished tables and leather chairs. There is a darts throw and access to the Beer Garden.

Catering facilities include an 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.

Ladies and Gents W.C.’s.


OWNER’S ACCOMMODATION

Situated on the 1st floor and briefly comprises: 1 bedroom, lounge/dining room (the dining room could quite easily be converted back into a bedroom if so required) and bathroom.

EXTERNAL

There is a good sized lawned Beer Garden (circa 200) at the rear with timber picnic benches. There is also a newly built covered paved patio area and an enclosed yard with storage units and a newly brick built dry goods/fridge and freezer store. There is also a paved patio area at the front with tables and chairs. Patron’s parking facilities for circa 15 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 – 09.00am – Midnight
The current opening hours are as follows:
Monday – Sunday – 09.00am – 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 7½ 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 only. We are informed that the rent is currently £30,000 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 £6,100 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 and 6 part time members of staff. Our client has established a solid trading foundation that can be fully emulated and capitalised upon; but due to ill health has reluctantly decided to retire from the trade.

Trade is currently derived from circa 90% wet and 10% food sales, thereby providing tremendous scope for a new 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 immense food potential that is to be found here.
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 sales for YE December 2013 circa £322,000 (incl. VAT). This delightful village inn is an outstanding and well established 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 £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.



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