3 bedroom pub for saleBEDFORDSHIRE
Sold STC £49,950
SUBSTANTIAL AND BUSTLING COMMUNITY INN OFFERED FOR SALE ON A HIGHLY FAVOURABLE FREE OF TIE LEASE, SITUATED IN THE POPULAR MARKET TOWN OF DUNSTABLE, BEDFORDSHIRE
* Busy community inn situated in the densely populated location of Dunstable.
* Good sized atmospheric open plan Public Bar (circa 60) and a versatile and multi-functional Restaurant Area (circa 50 covers). Patron's Car Park and Outside Seating Area.
* Good sized 3 bedroomed family accommodation.
* Newly fitted fully equipped Commercial Catering Kitchen.
* Refurbished and modernised throughout with no expense spared.
* Advised current sales are circa £260,000 (incl. VAT) per annum.
* Trade split circa 95% wet sales and 5% food sales. Immense potential for catering orientated operators.
* Wellington Pub Company 'FREE OF TIE' renewable lease.
AN EXCELLENT OPPORTUNITY TO PURCHASE AN ESTABLISHED BUSINESS AND FAMILY HOME OFFERING TREMENDOUS GROWTH POTENTIAL
This excellent business is located in the diversely populated market town of Dunstable, in the glorious county of Bedfordshire and can be easily reached from junction 11 of the M1 motorway. Situated within the commuter belt of the capital city of London and also having excellent road communications providing easy access to the A1(M), M25, M1 and M11 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Luton, Stanstead, Heathrow and Gatwick. The market town of Dunstable is also within the catchment area of many similar affluent towns and villages in addition to being situated close to Hitchin, Luton, St Albans and Milton Keynes making this superb inn ideally positioned to draw trade from the nearby surrounding towns and villages which provide an excellent level of repeat trade. A compelling trade opportunity.
This popular and bustling community inn is a substantial property occupying an excellent busy main road trading position.
Main entrance at the front leading into the lobby with access into the Public Bar.
Public Bar (circa 70) is a good sized bright and airy open plan and atmospheric room exuding an welcoming and inviting ambience, having a feature central return bar servery with a solid polished counter and a matching mirrored back fitting with shelving and refrigerated bottle coolers (not tested), which is complemented by an excellent range of loose polished tables, polished poseurs, leather chairs and leather bar chairs. There is also a pool table, 3 wall mounted flat screen TV's, wall mounted air conditioning units and the room also has a solid oak floor.
Access to the W.C's and Restaurant Area.
Restaurant Area (circa 50 covers) is a versatile and multi-functional room ideal for private parties and wakes etc; having a return bar servery counter and is furnished with loose tables and leather chairs. The room also has a wooden parquet floor and 2 wall mounted flat screen TV's.
Catering facilities include a newly fitted fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Wash up room.
Lower Ground Floor Cellar with dray drop, pumps, pythons x2, post mix and cooler.
Ladies and Gents W.C.'s
Situated on the 1st floor, offering good sized rooms and briefly comprises: 3 bedrooms, lounge, kitchen, bathroom and separate W.C.
There is a paved and decked drinking/seating area at the front with timber picnic benches/seating. There is also a covered designated smoking area. Parking facilities for circa 15+ cars. Enclosed private yard used for storage. Single garage.
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 - Saturday - 11.00am - 02.00am
Sunday - Midday - Midnight
The current opening hours are as follows:
Monday - Thursday - 2.00pm - 11.00pm
Friday & Saturday - 2.00pm - 02.00am
Sunday - 2.00pm - 11.00pm
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.
The business is offered for sale as a lease assignment with approximately 1 year remaining of the original 15 year Wellington Pub Company 'FREE OF TIE', full repairing and insuring, renewable agreement. We are informed that the rent is currently £25,000 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 £10,780 per annum and currently under appeal.
Our vendor client operates this excellent business on a 'part time' basis with the assistance of 1 full time chef and 1 part time member of staff.
Trade is currently derived from approximately 95% wet and 5% food sales thereby providing immense scope for a new hands-on owner operator partnership with previous experience of running a food/functions orientated operation enabling them to take this business to the next level by exploiting the massive 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; for which there is great demand for within the locale.
Advised current sales are circa £260,000 (incl. VAT) per annum.
This popular community inn is a 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 £325,000 (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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