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2 bedroom pub for sale

SURREY

£35,000

Property Description

Key features

  • Imposing village inn situated in the highly sought after location of Ash Vale.
  • Welcoming Public Bar (circa 30), multi-functional Dining Room (circa 25+ covers) and a versatile Pool Room (circa 20+).
  • Enclosed lawned Beer Garden and Patrons parking facilities for circa 20+ cars
  • Equipped Commercial Catering Kitchen.
  • Good sized 2 bedroomed owners accommodation.
  • Advised current sales circa 340,000 (incl. VAT).
  • 100% wet sales. Undoubted potential for catering orientated operators.
  • Presented in good decorative order throughout.
  • Punch Taverns Part Tied renewable lease.
  • Ideal first time buy for newcomers to the trade.

Full description

Tenure: Leasehold

REF 7610 LEASEHOLD

AN AMAZING OPPORTUNITY TO PURCHASE AN EXTREMELY WELL ESTABLISHED BUSINESS OFFERING UNTOLD GROWTH POTENTIAL

LOCATION

This outstanding business is located in the highly desirable and affluent village of Ash Vale and can be easily reached from junction 4 of the M3 motorway. Situated close to the old English market town of Farnham and Aldershot with easy access to the M3, A3, M25, M23, M40 and M1 makes this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick. This delightful village inn is ideally situated to draw trade from Aldershot, Farnborough and Ash Vale itself, and also attracts a desirable clientele emanating from the affluent nearby surrounding towns, villages and larger catchment areas and has an excellent level of repeat trade.

THE PROPERTY

This traditional village inn is well positioned and occupies a busy and easy accessible trading location.

Main entrance at the front leading into the Public Bar.

Public Bar (circa 30) being L-shaped is a good sized traditional room exuding a warm and welcoming ambience and features a central return bar servery having a solid polished counter having a back fitting with a range of trade optics and refrigerated bottle coolers (not tested). The room is furnished with loose polished tables, upholstered pew style seating, upholstered bar stools and upholstered bar chairs. There is also an AWP, a games machine and a digital jukebox. Access to the W.C's, the Pool Room and the Dining Room.

Pool Room (circa 20+) is a versatile and multi-functional room. There is a pool table with lighting over and is furnished with loose polished tables and upholstered stools. Access to the Beer Garden.

Dining Room (circa 25+ covers) exuding an inviting and relaxing dining ambience and is furnished with loose polished tables and upholstered chairs. This room is versatile in its usage and is ideal for wakes/private parties etc.

Catering facilities include an equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a Prep Room and access to a Store Room and a Bottle Store.

Ground Floor Cellar with delivery access, pumps, pythons x3, post mix and cooler.

Ladies and Gents W.C's

OWNER'S ACCOMMODATION

Situated on the 1st floor being of a good size and presented in good order and briefly comprises: 2 bedrooms, lounge, kitchen/diner and bathroom.

EXTERNAL

There is a lawned Beer Garden at the rear with timber picnic benches and is apparently home to the 2nd largest Bay Tree in the UK. There is also a paved patio area and good sized designated smoking area with power, lighting and heaters and is furnished with tables and chairs. There is also a private garden for the owners. Patron's parking facilities for circa 20+ cars.

TRADING & LICENSING

We are advised that the business trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Monday - Thursday - 11.00am - Midnight
Friday & Saturday - 11.00am - 02.00am
Sunday - Midday - 11.00pm
The current trading hours are as follows:
Monday - Thursday - Midday - Midnight
Friday & Saturday - Midday - 01.00am
Sunday - Midday - 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.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 9 years remaining of the Punch Taverns full repairing and insuring, renewable agreement. We are advised that the inn is partially tied to draught beers and bottled beers ONLY. We are informed that the rent is currently circa 52,000 per annum including VAT, the upstairs accommodation and insurances. 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 17,620 per annum.

THE BUSINESS

Our vendor client, in situ for the past 5 years operate this excellent business on a 'hands-off' basis with the assistance of a full time manageress and 6 part time members of staff. This popular village inn is a well-established business and benefits from a solid trading foundation which emanates from the loyal and desirable local clientele. Trade is currently derived from 100% wet 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 food orientated operation to take the business to the next level by exploiting the obvious 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. Advised current sales are circa 340,000 (incl. VAT) and in our opinion with the above areas of potential the inn will automatically achieve increased levels of turnover and would easily expect the turnover to be well in excess of 400,000 (incl. VAT).

Accounting information will be made available to interested parties after viewing.
The 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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