3 bedroom pub for sale

ESSEX

Sold STC £125,000

Property Description

Key features

  • Traditional and imposing village inn situated in the prime location of Rawreth.
  • Delightful and welcoming Lounge Bar (circa 50) and a versatile and inviting Restaurant (circa 40 covers).
  • Impressive 3 bedroomed family accommodation.
  • Good sized Beer Garden (circa 150+) and Patron's parking facilities for circa 50 cars.
  • Presented in excellent condition having been refurbished & modernised throughout with no expense spared, yet retaining a wealth of charm & character.
  • Advised current turnover circa 1,000,000 (incl. VAT).
  • 40% wet sales & 60% food sales. Undoubted potential for catering/events orientated operators.
  • Greene King partially tied renewable lease with a favourable rent.

Full description

Tenure: Leasehold

REF:7737 LEASEHOLD



AN EXTREMELY RARE AND GOLDEN OPPORTUNITY TO PROCURE A THRIVING AND HIGHLY SUCCESSFUL LIFESTYLE BUSINESS AND FAMILY HOME

LOCATION

This delightful and traditional inn is situated in the wonderful village of Rawreth in the county of Essex and can be easily reached from junction 29 of the M25 circular. Situated within the commuter belt being approximately ONLY 30 miles from the capital city of London and also having excellent road communications providing easy access to the M25, M23, M20, M2, M3, M4, M40, M11 and M1 motorways making this superb location an excellent strategic commuter area for the major motorways and the major international airports of Heathrow, Gatwick, Stansted and Luton. This village inn is located within a catchment area of many similar affluent villages and towns in addition to being situated close to Chelmsford, Billericay, Brentwood and Basildon and the coastal resorts of Southend on Sea and Canvey Island making this superb inn ideally situated to draw trade from the nearby surrounding towns and villages. The inn is also well serviced by local shops and amenities and has an excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This substantial and impressive 19th century inn occupies an excellent and busy main road trading position.

Main entrance at the front leading into the lobby with access into the Lounge Bar.
Lounge Bar (circa 50) is a traditional room exuding a lovely welcoming and relaxing ambience. There is a feature solid oak return bar servery with a solid polished oak counter and a matching back fitting with shelving and refrigerated bottle coolers (not tested). The room is well furnished with solid oak tables, a mix of upholstered chairs, fixed upholstered perimeter seating, a leather sofa, leather tub chairs and bar stools. Adding to the charm and character of the room is the delightful stone built open fireplace, the beamed ceiling and the solid oak and slate tiled flooring. Access to the Restaurant.

Restaurant (circa 40 covers) being L-shape is versatile room exuding a comfortable, cosy and inviting dining ambience and is well furnished with an eclectic range of solid oak tables and a mix of upholstered chairs. There is also a beamed ceiling, timber pillars and a solid oak and Italian tiled floor.

Catering facilities include a good sized fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is a wash up area, a dry goods store and freezer room. Access to a covered storage area with fridges etc.

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

Ladies and Gents W.C.'s x 2 sets

OWNER'S ACCOMMODATION

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

EXTERNAL

There is a very good sized lawned Beer Garden (circa 150+) at the rear with timber picnic benches and 3 covered gazebos with heaters and timber picnic benches. There is also an additional lawned area and a paved patio area with tables and chairs. Additional storage area with timber sheds. Patron's parking facilities for circa 50 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 - Thursday - 10.00am - Midnight
Friday & Saturday - 10.00am - 01.00am
The current opening hours are as follows:
Monday - Sunday - 11.00am - 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 7 years remaining of the Greene King full repairing and insuring, renewable agreement. We are advised that the inn is 'part tied' to draught beers, bottle beers and ciders. We are informed that the rent is currently circa 52,000 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 16,248 per annum.

THE BUSINESS

Our vendor clients operate this thriving business on a 'hands-off' basis with the assistance of 9 full time and 10 part time members of staff.
Trade is currently derived from approximately 40% wet sales and 60% 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/events orientated operation enabling them to take this business to the next level by implementing a strategic marketing campaign to utilise the premises for weddings, private parties, wakes and functions etc.
Advised current sales are circa 1,000,000 (incl. VAT).
This extremely popular village inn is a 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 1,200,000 (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.


Energy Performance Certificates (EPCs)

Nearest stations

  • Rayleigh (1.4 mi)
  • Battlesbridge (1.8 mi)
  • Wickford (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Rayleigh (1.4 mi)
  • Battlesbridge (1.8 mi)
  • Wickford (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7737. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds, National Licensed Property Agents. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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