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3 bedroom pub for sale

HERTFORDSHIRE

£50,000

Property Description

Full description

Tenure: Leasehold

REF:7849 LEASEHOLD

A THRIVING AND IMPOSING TRADITIONAL 18th CENTURY COUNTRY INN SITUATED IN THE HIGHLY DESIRABLE AND AFFLUENT LOCATION OF LEMSFORD VILLAGE IN THE BEAUTIFUL COUNTY OF HERTFORDSHIRE


Attractive village inn situated in the highly sought after prime location of Lemsford Village.

Relaxing and welcoming Lounge Bar (circa 50), Multi-functional Restaurant (circa 40 covers).

Wealth of charm and character throughout with open fires and exposed beams.

Impressive 3 Bedroomed Family Accommodation.

Fully equipped Commercial Catering Kitchen.

Beer Garden and Car Park (circa 35 cars).

Advised turnover circa 600,000 (incl. VAT).

Trade split circa 70% wet and 30% food. Undoubted potential for catering oriented operators.

LONG LEASE - Star Pubs and Bars 'partially tied' renewable lease with approximately 17 years remaining.

AN EXTREMELY RARE AND COMPELLING OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED AND HIGHLY SUCCESSFUL LIFESTYLE BUSINESS AND HOME


LOCATION

This outstanding business is situated in the heart of the delightful location of Lemsford Village located in the highly desirable county of Hertfordshire and can be easily reached from junction 4 of the A1(M).
Situated within the commuter belt being approximately ONLY 20 miles from 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 Stansted, Luton, Heathrow and Gatwick. This wonderful village inn is also within the catchment area of many similar affluent villages in addition to being situated close to Hertford, St Albans, Hatfield and Welwyn Garden City making this superb inn ideally positioned to draw trade from the nearby surrounding towns and villages which provide an excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This highly desirable and imposing country village inn believed to date back to 1717 is an attractive and substantial detached property occupying an excellent trading position.

Covered main entrance at the front leading into the Lounge Bar.
Lounge Bar (circa 50) is a welcoming and traditional room exuding a lovely relaxing ambience. The room is horseshoe shaped having a feature central return bar servery with a solid polished counter, a glass gantry above and a mirrored back fitting with trade optics and is well furnished with a good range of loose polished tables, upholstered chairs, upholstered bay window seating and upholstered bar stools.
Adding to the charm of this room is the feature brick built inglenook fireplace, the beamed ceiling and the lovely part oak and part flagstone flooring. There is also an additional brick built open fireplace. Access to the Restaurant.

Restaurant (circa 40 covers) is a good sized multi-functional and versatile room (ideal for wakes and private parties etc) and is well furnished with a good range of loose polished tables and upholstered chairs. There is also a solid oak floor.

Catering facilities include a fully equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is a wash up area and a walk-in chiller.

Ground Floor Cellar with delivery access, pumps, pythons x2, post mix, tilt racks and cooler.
Ladies, Gents and Disabled W.C's

OWNER'S ACCOMMODATION

Situated on the 1st and 2nd floors, offering good sized rooms and briefly comprises: 3 bedrooms, lounge, office and bathroom.

EXTERNAL

There is a drinking/seating area (circa 70) at the front with timber picnic benches. Patron's parking facilities with lined spaces for circa 35 cars. There is also an enclosed private 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:
Monday - Saturday - 11.00am - Midnight
Sunday - Midday - Midnight
The current opening hours are as follows:
Monday - Thursday - 11.30am - 11.00pm
Friday & Saturday - 11.30am - Midnight
Sunday - Midday - 10.30pm

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 17 years remaining of the original Star Pubs and Bars full repairing and insuring, renewable agreement. We are advised that the inn is part tied to draught and bottle beer, ciders and minerals. We are informed that the rent is currently 65,000 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 35,000 per annum.

THE BUSINESS

Our vendor client operates this excellent business on a 'hands-off' basis with the assistance of 4 full time and 4 part time members of staff.
Trade is currently derived from circa 70% wet and 30% food sales, thereby providing tremendous scope for a new hands-on owner operator partnership with previous experience of running a food orientated operation to emulate the current successful business model yet at the same time to exploit the food and functions potential that is to be found here.
This is an incredible opportunity for those seeking a lifestyle change or an alternative career from the hustle and bustle of the City or even as an additional income stream whilst commuting.
Advised current sales circa 600,000 (incl. VAT). This delightful village inn is an extremely well-established and highly successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed partnership to achieve a turnover well in excess of 700,000 (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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