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3 bedroom pub for sale

HERTFORDSHIRE

£85,000

Property Description

Full description

Tenure: Leasehold

REF: 7798 LEASEHOLD

AN IMPRESSIVE AND TRADITIONAL 16th CENTURY GRADE II LISTED INN SITUATED IN THE HIGHLY SOUGHT AFTER AND AFFLUENT CATHEDRAL CITY OF ST ALBANS, HERTFORDSHIRE

Attractive and distinctive 16th century inn situated in the prime location of St Albans.

Traditional and inviting Lounge Bar (circa 30), cosy Snug Bar (circa 20+) and a versatile and multi-functional Restaurant (circa 30+ covers).

Good sized 3 bedroomed family accommodation.

Well-equipped Commercial Catering Kitchen.

Exuding a wealth of charm and character with open fires and exposed beams prevalent throughout.

Delightful Beer Garden and Patron's Car Park.

Advised current turnover circa 288,000 (incl. VAT).

Trade split approximately 75% wet sales and 25% food sales. Immense potential for catering/functions orientated operators.

Punch Taverns 'part tied' renewable lease.

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

LOCATION
This outstanding business is situated in the highly desirable location of St Albans, Hertfordshire and can be easily reached from junction 22 of the M25.
Situated within the commuter belt being approximately 20 miles from the capital city of London and also having excellent rail and road communications providing easy access to the A1(M), M40, M4, M1 and M25 circular 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 Hatfield, Hemel Hempstead, Harpenden and St Albans 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. St Albans, one of Hertfordshire's most popular suburbs, is a desirable area for families and has many facilities including schools, medical centres and amenities. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY
This highly desirable inn is a substantial 2 storey property occupying an excellent trading position.
Main entrance at the front leading into the lobby with access into both bars.

Lounge Bar (circa 30) is a lovely traditional room exuding a warm and inviting ambience, having a return bar servery with a solid polished counter and a matching back fitting with shelving; which is complemented by a range of loose polished tables, chairs, fixed bench style perimeter seating and upholstered chairs. Adding to the charm of this room is the feature brick built inglenook fireplace, beamed ceiling and beamed walls. There is also a darts throw.

Snug Bar (circa 20+) is a lovely cosy room exuding a relaxing ambience having a feature return bar servery with a solid polished counter, glass gantry above and a matching back fitting with trade optics and refrigerated bottle coolers (not tested). Furnished with a range of polished tables, upholstered perimeter seating and upholstered stools. There is also a wooden floor and access to the W.C's and Restaurant.

Restaurant (circa 30+ covers) being a versatile room ideal for private parties and wakes etc is furnished with a good range of solid tables and upholstered chairs. Adding to the charm of this room is the brick built open fireplace, the beamed ceiling, part panelled walls and exposed brickwork. Access to the Beer Garden.

Catering facilities include a well-equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is a freezer room and dry goods store room.

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

Ladies and Gents W.C.'s.

OWNER'S ACCOMMODATION
Situated on the 1st floor, offering good sized rooms briefly comprises: 3 bedrooms, lounge, kitchen and bathroom.

EXTERNAL
There is a good sized enclosed Beer Garden (circa 100) with a good range of timber picnic benches. There is a purpose built BBQ and covered seating area which is ideal for private garden parties and functions all year round. There is a garage currently used for storage. Patron's parking facilities for circa 6+ cars. There is also a private enclosed courtyard.

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 - 10.00am - 11.00pm
Friday & Saturday - 10.00am - Midnight

The current opening hours are as follows:

Monday - 5.00pm - 11.pm
Tuesday - Thursday & Sunday - 11.00am - 11.00pm
Friday & Saturday - 11.00am - 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 3 years remaining of the Punch Taverns full repairing and insuring, renewable rolling agreement. We are advised that the inn is 'part tied' to draught beers and bottled beers ONLY. We are informed that the rent is currently circa 35,000 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 13,000 per annum.

THE BUSINESS
Our vendor clients operate this excellent business as a 'partnership' on a full time basis with the assistance of 3 part time/casual members of staff. Trade is currently derived from circa 75% wet sales and 25% 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 incredible positive impact on the turnover and profits.
Advised current turnover is circa 288,000 (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 350,000 (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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