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3 bedroom pub for sale

SURREY

Sold STC £42,500

Property Description

Key features

  • Popular community inn situated in the prime location of Croydon, South London.
  • Traditional Main Bar (circa 50+) and a cosy and relaxing Snug (circa 10).
  • Equipped Commercial Catering Kitchen.
  • Good sized 2/3 bedroomed family accommodation.
  • Enclosed Beer Garden (circa 30+) and private parking for 2/3 cars.
  • Exuding a wealth of charm and character and presented in good decorative order throughout.
  • Advised turnover for Y/E March 2014 circa 205,000 (incl. VAT). Current sales consistent with 2014.
  • 90% wet sales and 10% food sales. Undoubted potential for catering orientated operators.
  • Long Lease - Enterprise Inns partially tied renewable lease with approximately 17 years remaining.
  • AVAILABLE FOR THE 1st TIME IN 9 YEARS.

Full description

Tenure: Leasehold

REF: 7705 LEASEHOLD



AN EXTREMELY RARE OPPORTUNITY TO PROCURE A WELL ESTABLISHED LIFESTYLE BUSINESS AND FAMILY HOME OFFERING IMMENSE POTENTIAL

LOCATION

This highly impressive business is located in the extremely desirable and affluent South London town of Croydon and can be easily reached from junction 7 of the M25 circular.
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, M20, 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 superb community inn is an extremely popular venue with excellent levels of trade all year round and is ideally situated to draw trade from Croydon itself which is further enhanced by its first class reputation that attracts trade from a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas that culminate in providing a continuous and consistent flow of repeat trade
Croydon is fast becoming a cosmopolitan area and is likely to be granted the status of a City in the near future due to its fast expanding residential and commercial developments, which in turn will positively impact the business. A compelling business opportunity and enviable place to reside.

THE PROPERTY

This impressive and substantial inn occupies an excellent and easy accessible trading position.

Main entrance at the front leading into the Main Bar.

Main Bar (circa 50+) is a good sized traditional room exuding a lovely welcoming ambience having a feature central return bar servery with a solid polished counter and a matching mirrored back fitting with trade optics and refrigerated bottle coolers (not tested). The room is well furnished with a range of loose polished tables, upholstered chairs, upholstered bay window seating and upholstered bar stools. There is also a solid oak floor. Access to the Snug.

Snug (circa 10) is cosy and relaxing room and is furnished with loose polished tables, upholstered chairs and upholstered pew style seating. There is also a feature open fireplace Access to the Beer Garden.

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

Office and Bottle Store
Lower Ground Floor Cellar with dray drop, pumps, python, post mix and cooler.

Ladies and Gents W.C.'s

OWNER'S ACCOMMODATION

Situated on the 1st floor, being of a good size and briefly comprises: 2/3 bedrooms, lounge, dining room/bedroom 3, kitchen and bathroom.

EXTERNAL

There is an enclosed Beer Garden (circa 30+) at the rear with timber picnic benches. There is also an outside seating/drinking area at the front with timber picnic benches. Parking facilities for 2/3 cars.

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 - 10.00am - Midnight
Thursday - Saturday - 10.00am - 01.00am
The current opening hours are as follows:
Monday - Wednesday - Midday - 10.30pm
Thursday - Saturday - Midday - Midnight
Sunday - Midday - 11.30pm

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.

GENERAL REMARKS

The business is offered for sale as a lease assignment of the Enterprise Inns full repairing and insuring, renewable agreement. We are advised that the inn is 'part tied' to draught beers, bottle beers, ciders and soft drinks. We are informed that the rent is currently circa 26,000 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 14,769.00 per annum.

THE BUSINESS

Our vendor client, in situ since 2007 operates this superb business as a 'sole trader' on a full time basis with the assistance of 3 part time members of staff.
Trade is currently derived from 90% wet sales and 10% food sales and whilst emulating the existing successful business model; there is still immense potential for a new 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.

Advised turnover for Y/E March 2014 circa 205,000 (incl. VAT). This extremely popular community inn is a well-established and 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 300,000 (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)

Map & Street View

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