3 bedroom pub for saleBUCKINGHAMSHIRE
Sold STC £49,950
- Attractive and imposing village inn situated in the prime location of Stokenchurch.
- AVAILABLE FOR THE 1st TIME IN 11 YEARS.
- Welcoming main Public Bar (circa 40+), versatile and relaxing Restaurant (circa 40 covers) and a Pool Area (circa 10+).
- Impressive 3 bedroomed family accommodation presented in excellent decorative order.
- Good sized enclosed lawned Beer Garden (circa 50+) and Patrons Car Park for circa 15 cars.
- Refurbished and modernised whilst exuding a wealth of charm and character throughout
- Advised turnover for Y/E March 2015 circa £512,000 (incl. VAT) with Reconstituted Net Profits of circa £70,000.
- 70% wet sales and 30% food sales. Undoubted potential for catering orientated operators.
- Enterprise Inns partially tied renewable lease.
REF 7628 LEASEHOLD
AN EXTREMELY RARE AND GOLDEN OPPORTUNITY TO PURCHASE A THRIVING AND HIGHLY SUCCESSFUL LIFESTYLE BUSINESS AND FAMILY HOME
This outstanding business is situated in the highly desirable Chilterns village of Stokenchurch (near High Wycombe) Buckinghamshire and can be easily reached from junction 5 of the M40 motorway. Situated close to London with easy access to the M40, M4, M1 and M25 makes this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Gatwick and Luton. This superb inn is ideally situated to draw trade from High Wycombe and Oxford 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. Stokenchurch, one of Buckinghamshire's most popular villages, is a desirable area for families and has many facilities including schools and amenities. An enviable place to reside and a compelling trade opportunity.
This substantial and impressive early 16th century inn occupies an excellent and easy accessible trading position in the centre of the village overlooking the large Parish Council owned Village Green.
Main entrance at the front leading into the lobby with access into the main Public Bar.
Public Bar (circa 40+) is a good sized traditional room exuding a lovely welcoming ambience. There is a feature central return bar servery with a solid polished counter with a glass gantry above and a matching back fitting with shelving and refrigerated bottle coolers (not tested).
The room is well furnished with a good range of loose polished tables, leather tub chairs, leather mini stools, leather upholstered bay window seating and leather upholstered bar stools.
Adding to the charm and inviting ambience of the room is the feature brick built open fireplace, the part panelled walls, the beamed ceiling and timber pillars. Access to the Restaurant and Pool Area.
Restaurant (circa 40 covers) is a good sized multi-functional and versatile room ideal for private parties and wakes etc and is well furnished with a good range of solid oak tables, upholstered chairs and leather upholstered perimeter seating. Access to the Beer Garden.
Pool Area (circa 10+) situated to one end of the Public Bar and is furnished with a pool table and lighting over. There is also a darts throw and an AWP.
Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).
Ground Floor Cellar with delivery access, pumps, python, post mix and cooler.
Ladies, Gents and Disabled W.C.'s.
Situated on the 1st floor, being of a good size and presented in excellent decorative order briefly comprises: 3 bedrooms, lounge, kitchen and bathroom.
There is a good sized enclosed lawned Beer Garden (circa 50+) at the rear with timber picnic benches, a paved patio area and a children's play area. There is also a decked patio area at the front (circa 25) with tables and chairs. Patrons parking facilities at the front for circa 15 cars. There is also a covered driveway and a good sized storage unit.
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 - Midnight
Friday & Saturday - 10.00am - 01.00am
The current opening hours are as follows:
Sunday - Thursday - Midday - Midnight
Friday & Saturday - Midday - 01.00am
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 1½ years remaining of the Enterprise Inns full repairing and insuring, renewable agreement. We are advised that the inn is 'part tied' to draught beers, bottle beers and cider. We are informed that the rent (including tie release fees) is currently circa £37,716 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 and uses gas fired central heating (no services seen or tested). Business rates are advised as being circa £11,000 per annum.
Our vendor clients operate this thriving business on a full time basis with the assistance of 2 full time and 6 part time members of staff. Trade is currently derived from 70% wet sales and 30% food sales and whilst emulating the existing highly successful business model; there is still tremendous potential for a new full time hands-on owner operator partnership with previous experience of running a catering/functions orientated operation enabling them to take this business to the next level by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc. There is also excellent scope for increasing the turnover by facilitating 'early doors' to offer breakfasts and tea/coffee etc. Advised sales for Y/E March 2015 circa £512,000 (incl. VAT).This extremely popular inn is a very well-established and highly 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 £600,000 (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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