7 bedroom pub for saleDEVON
- Superbly positioned on the A35 road, offering considerable passing trade and close to the Jurassic Coast and Lyme Regis
- Lovely Lounge Bar/Dining Room (circa 30) with feature fireplace; prominent bar server; carpeted floors and beamed ceilings.
- Public/Family Bar (circa 40) with pool table and darts throw
- Stunning Restaurant (circa 40) with solid wood floors, beams and doors to the garden
- Excellent six Bed Living Accommodation
- Large Car Park and Commercial Catering Kitchen
- Lovely Patio Terrace Area and lawned Gardens for 100+
- We are advised turnover for y/e 03/16 is £664,766 (inc VAT) with a trade split of 30% wet/70% food
- Partially tied Enterprise Inns lease
Ref 7569 LEASEHOLD
STUNNING AND HUGELY PROFITABLE DORSET COASTAL INN
This beautifully presented and highly profitable Country Inn and Restaurant is located on the A35 road, equidistant to Axminster, Lyme Regis and Charmouth, all within a few miles.
Axminster is a lovely market town and civil parish on the Eastern border of Devon and some 28 miles from the county town of Exeter. The town is a thriving one, with its own railway station, two supermarkets, leisure centre, local and national shops, good schooling and a range of other amenities.
Lyme Regis is a very popular coastal town nicknamed. The Pearl of Dorset lying in Lyme Bay. The seaside resort is noted for its fossils found in the cliffs and beaches, which are part of the Heritage Coast, known commercially as the Jurassic Coast a World Heritage Site.
This lovely Country Inn and Restaurant is a detached property of brick construction, under a tiled roof, occupying an excellent prominent corner position on the A35, between Axminster and Lyme Regis.
The Lounge Bar/Dining Area (circa 30) is a lovely welcoming room with a bar server and quality furnishings. This room offers a beautiful feature fireplace, beamed ceilings and carpeted flooring.
The Restaurant (circa 40) is located to the rear of the property benefitting from direct access to the lovely trade gardens. This good size room benefits from solid wood floors and beamed ceilings and can double up as a function facility for larger parties.
The Lounge/Family Bar (circa 40) is a more relaxed area offering a pool table, darts throw, new carpets, leather sofas, seating and a bar server.
All trading areas are being offering in excellent condition.
The Ground Floor Cellar benefits from coolers, python system and storage along with a lockable bottle store.
Ladies and Gents W.C.'s x 2.
There is a commercial catering kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate wash up, prep area and storage areas. Separate store room with Walk in Fridge.
The owner's accommodation is situated on the first floor and briefly comprises: Five Double Bedrooms, a single bedroom Lounge, Dining room, Kitchen, Shower Room, Bathroom and W.C along with its own private garden area. The living accommodation is presented to a very high standard.
Furthermore, there is a detached chalet offering a Double Bedroom, Lounge, Kitchen and Bathroom. The chalet is in need of some modernisation.
To the rear of the property is a Patio Terrace Area and Lawned Trade Garden offering seating for approximately 100+ people and benefits from direct access into the trading areas. The garden offers a children's play area and is a safe environment for families, ¾ acre plot in total.
To the side of the property is a large Car Park for 60 cars.
TRADING AND 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:
Sun - Thurs 10am - 11pm
Fri - Sat 10am - Midnight
Current opening hours are:
Mon - Sat 11.30am 3pm/6pm 11pm
Sunday Midday 3pm/6pm 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.
The business is offered for sale as a lease assignment with approximately seven years remaining of the Enterprise Inns full repairing and insuring, renewable agreement. We are advised that the business is Free of Tie for wines, spirits and soft drinks. We are informed that the rent is only £40,000.00 and fixed until 2021. 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 LPG, Oil Heating and all other mains services (no services seen or tested). Business rates are advised as currently being circa £10,944 payable per annum.
The current owners purchased the business in 2003 and are offering the property in excellent decorative condition throughout all areas.
Our vendors have built up a strong trading foundation over the last 12 years and the inn has an excellent reputation in the local area. The business has consistently increased turnover year on year and continues to do so.
The business is very busy and profitable and offers an ideal opportunity for new operators to continue with this established South Coast business.
We are advised that the turnover for year ending 03/16 is circa £664,766 (inc VAT) with a trade split of 30% wet and 70% food and a recon net profit of circa £60,000.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.
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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Disclaimer - Property reference 7569. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds Business Transfers Limited , National Licensed Property. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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