3 bedroom pub for saleHERTFORDSHIRE
- Prominent & substantial property situated in the beautiful & highly desirable location of Potten End.
- Welcoming & relaxing main Lounge Bar (circa 50+) & multi-functional Restaurant (circa 40+ covers).
- Good sized Fully Equipped Commercial Catering Kitchen.
- Refurbished & modernised throughout with no expense spared.
- Impressive 3 Bedroom Family Accommodation.
- Good sized Beer Garden & Car Park for 20 cars.
- Advised T/O for Y/E 11/14 circa £440,000 (incl. VAT). Current sales consistent with 2014. Trade split circa 30% wet & 70% food sales.
- Offered on NEW PRIVATE FREE-OF-TIE 21 YEAR LEASE or FREEHOLD OPTION.
- AVAILABLE FOR THE 1st TIME IN 10 YEARS.
AN OUTSTANDING OPPORTUNITY TO PROCURE A SOLID BUSINESS AND FAMILY HOME WITH AN EXTREMELY WELL ESTABLISHED TRADING FOUNDATION AND AN ENVIABLE LIFESTYLE OFFERING TREMENDOUS GROWTH POTENTIAL
This outstanding business is situated in the highly desirable village of Potten End and can be easily reached from junction 8 of the M1 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, Luton, Stansted and Gatwick. This superb inn is ideally situated to draw trade from Hemel Hempstead, Chesham, St Albans and Potten End itself and also attracts a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas all of which contribute to the excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.
This impressive detached property built circa 1930 occupies an easy accessible trading position in this sought after and affluent village and overlooks the delightful natural pond and village green.
Main entrance at the front leading into the Lounge Bar.
Lounge Bar (circa 50+) is a lovely traditional room exuding an inviting and relaxing ambience. There is a feature return bar servery with a solid polished counter and a back fitting with shelving and refrigerated bottle coolers (not tested). The room is very well furnished with a range of solid polished tables, upholstered chairs and upholstered bar stools. Adding to the charm and character of the room is the feature brick built open fireplace and the solid oak floor.
Restaurant (circa 40+ covers) is a good sized versatile and multi-functional room ideal for a variety of events including weddings, wakes and private parties etc offering a welcoming and relaxing dining atmosphere and is well furnished with a good range of loose polished tables and upholstered chairs. There is also a solid 'green' oak vaulted ceiling and a solid oak floor adding to the character of the restaurant and also top quality bespoke double glazed sliding/folding doors giving access to the Beer Garden.
Ladies and Gents W.C.s
Catering facilities include a good sized fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Access to the rear courtyard and covered storage area with walk in fridge. There is also a timber storage unit incorporating dry goods storage area and the laundry area.
Ground Floor Cellar with delivery access, pumps, python and cooler. Bottle store area.
Situated on the 1st floor, being well presented and offering good sized rooms briefly comprises: 3 bedrooms, kitchen, lounge and bathroom.
Opposite the inn is the patron's car park for circa 20 cars. There is a good sized enclosed paved Beer Garden (circa 50+) with an excellent range of rattan style garden furniture and a lovely timber pergola.
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 - Sunday - 11.00am - 11.00pm
The current opening hours are as follows:
Monday - Saturday - Midday - 11.00pm
Sunday - Midday - 4.00pm
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.
The property and business is being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 21 year Private FRI Lease Agreement as follows:
1. The asking premium will be £110,000.
2. The initial annual rent will be £40,000
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
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 main services and uses gas fired central heating (services not tested). Business rates payable are advised as being approx £13,000 per annum.
Our vendor clients operate this successful business on a full time basis with the assistance of 3 full time and 3 part time staff. Trade is currently derived from circa 30% wet and 70% food sales, thereby providing immense scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation. This is an extremely rare opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City or even as an additional income stream whilst commuting. Advised turnover for Y/E November 2014 circa £440,000 (incl. VAT). Current sales consistent with 2014.
This is an excellent opportunity for either a freeholder to increase their existing portfolio or a leaseholder to continue to build upon the already well established trading foundations.
The business premises can be run extremely cost effectively on relatively low overheads resulting in higher profitability.
The asking price reflects the current trading foundation, the location and quality of fixtures and fittings.
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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