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Pub for sale

SURREY

£49,950

Property Description

Key features

  • Prominent & well positioned business situated in the desirable & prime location of Worcester Park.
  • Welcoming & relaxing Lounge Bar (circa 30+) & a versatile & multi-functional Restaurant (circa 30+ covers).
  • Well-equipped Commercial Catering Kitchen.
  • Presented in excellent decorative order having been refurbished & modernised throughout.
  • Advised turnover for YE December 2014 circa £150,000 (incl. VAT). Current sales consistent with 2014.
  • Trade derived from circa 95% wet sales & 5% food sales. Undoubted potential for catering/event orientated operators.
  • PRIVATE FREE-OF-TIE LEASE.
  • AVAILABLE FOR THE 1st TIME IN 16 YEARS.
  • IDEAL FIRST TIME BUY.

Full description

Tenure: Leasehold

Ref 7692 LEASEHOLD

AN EXCITING OPPORTUNITY TO ACQUIRE THIS TRULY SUPERB BUSINESS PROPOSITION OFFERING TREMENDOUS GROWTH POTENTIAL


LOCATION
This superb business is located in the bustling town of Worcester Park and can be easily reached from junction 9 of the M25 near Leatherhead and Epsom. Situated within the commuter belt being approximately ONLY 10 miles from the capital City of London and also having excellent road communications providing easy access to the M23, M3, M4, M40 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Gatwick and Luton.
This excellent Restaurant and Bar is well positioned to draw trade not just from Worcester Park itself but also from the nearby surrounding affluent towns, villages and larger catchment areas and has an excellent level of repeat trade and passing trade and is well serviced by local schools, shops and amenities. A compelling trade opportunity.

THE PROPERTY
This impressive property occupies a prominent trading position within this densely populated commercial and residential location.

Main entrance at the front leading into the lobby with access into the Lounge Bar and Restaurant.

Lounge Bar (circa 30+) being of a good size, providing an inviting and relaxing ambience. There is a long return bar servery constructed of American red oak with a solid polished oak counter and a matching mirrored back fitting having trade optics and refrigerated bottle coolers (not tested).
The room is furnished with a leather sofa, leather tub chairs and bar chairs. There are lovely attractive archways giving access through to the Restaurant.

Restaurant (circa 30+ covers) again in keeping with the Lounge Bar offers versatile and multi-functional usage; ideal for a variety of events including wakes and private parties etc and is presented in excellent decorative order.
The restaurant is well furnished with a good range of solid polished oak tables and leather chairs. There is also a leather sofa, leather tub chairs and bar stools. There are also drinks shelves and oak panelled walls. Access to the W.C’s.

Catering facilities include a well-equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Ground Floor Cellar with delivery access, pumps, python and cooler.


Staff W.C

Ladies, Gents and Disabled W.C.s.

EXTERNAL
There is a drinking/seating area at the front with tables and chairs.

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 – Wednesday – 10.30am – 11.00pm
Thursday – Saturday – 10.30am – Midnight
The current opening hours are as follows:
Sunday – Wednesday – Midday – 11.00pm
Thursday – Saturday – Midday – Midnight

NB. Important. Prospective purchasers wishing to continue to operate this restaurant and bar should ensure that they gain the APLH Qualification in readiness for their intended operation of this business.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 4½ years remaining of the private Free of Tie full repairing and insuring agreement. We are informed that the rent is currently £27,000 per annum. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently being ONLY circa £5,500 per annum.

THE BUSINESS
Our vendor clients, in situ since 1999, operate this well established and popular business as a ‘husband and wife’ team on a full time basis and a hands-off basis respectively; with the assistance of 2 part time members of staff.

Trade is currently derived from circa 95% wet sales and 5% food sales, thereby providing massive scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation to take this business to the next level by exploiting the food and functions potential that is to be found here. There are many 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. There is also immense potential due to the high level of footfall and passing trade emanating from the exceptionally busy local commercial businesses and shops; to facilitate early opening hours and to provide coffee and breakfast etc which would have an incredible positive impact on the turnover and profits. This is truly an exciting business opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City.

Advised turnover for YE December 2014 circa £150,000 (incl. VAT). This delightful inn is a well-established and successful 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 £200,000 (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

LOCATION
This superb business is located in the bustling town of Worcester Park and can be easily reached from junction 9 of the M25 near Leatherhead and Epsom. Situated within the commuter belt being approximately ONLY 10 miles from the capital City of London and also having excellent road communications providing easy access to the M23, M3, M4, M40 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Gatwick and Luton.
This excellent Restaurant and Bar is well positioned to draw trade not just from Worcester Park itself but also from the nearby surrounding affluent towns, villages and larger catchment areas and has an excellent level of repeat trade and passing trade and is well serviced by local schools, shops and amenities. A compelling trade opportunity.

THE PROPERTY
This impressive property occupies a prominent trading position within this densely populated commercial and residential location.

Main entrance at the front leading into the lobby with access into the Lounge Bar and Restaurant.

Lounge Bar (circa 30+) being of a good size, providing an inviting and relaxing ambience. There is a long return bar servery constructed of American red oak with a solid polished oak counter and a matching mirrored back fitting having trade optics and refrigerated bottle coolers (not tested).
The room is furnished with a leather sofa, leather tub chairs and bar chairs. There are lovely attractive archways giving access through to the Restaurant.

Restaurant (circa 30+ covers) again in keeping with the Lounge Bar offers versatile and multi-functional usage; ideal for a variety of events including wakes and private parties etc and is presented in excellent decorative order.
The restaurant is well furnished with a good range of solid polished oak tables and leather chairs. There is also a leather sofa, leather tub chairs and bar stools. There are also drinks shelves and oak panelled walls. Access to the W.C’s.

Catering facilities include a well-equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Ground Floor Cellar with delivery access, pumps, python and cooler.


Staff W.C

Ladies, Gents and Disabled W.C.s.

EXTERNAL
There is a drinking/seating area at the front with tables and chairs.

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 – Wednesday – 10.30am – 11.00pm
Thursday – Saturday – 10.30am – Midnight
The current opening hours are as follows:
Sunday – Wednesday – Midday – 11.00pm
Thursday – Saturday – Midday – Midnight

NB. Important. Prospective purchasers wishing to continue to operate this restaurant and bar should ensure that they gain the APLH Qualification in readiness for their intended operation of this business.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 4½ years remaining of the private Free of Tie full repairing and insuring agreement. We are informed that the rent is currently £27,000 per annum. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently being ONLY circa £5,500 per annum.

THE BUSINESS
Our vendor clients, in situ since 1999, operate this well established and popular business as a ‘husband and wife’ team on a full time basis and a hands-off basis respectively; with the assistance of 2 part time members of staff.

Trade is currently derived from circa 95% wet sales and 5% food sales, thereby providing massive scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation to take this business to the next level by exploiting the food and functions potential that is to be found here. There are many 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. There is also immense potential due to the high level of footfall and passing trade emanating from the exceptionally busy local commercial businesses and shops; to facilitate early opening hours and to provide coffee and breakfast etc which would have an incredible positive impact on the turnover and profits. This is truly an exciting business opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City.

Advised turnover for YE December 2014 circa £150,000 (incl. VAT). This delightful inn is a well-established and successful 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 £200,000 (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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