3 bedroom pub for saleBUCKINGHAMSHIRE
Sold STC £65,000
- Attractive 15th century award winning village inn situated in the prime location of Ickford.
- AVAILABLE FOR THE 1ST TIME IN 17 YEARS.
- Welcoming Lounge Bar (circa 30+) and cosy and intimate Dining Area (circa 18 covers).
- Impressive 3 bedroomed family accommodation presented in good decorative order.
- Good sized lawned Beer Garden (circa 200) and patrons Car Park for circa 25 cars.
- The epitome of a traditional English country village inn exuding a wealth of charm and character throughout.
- Advised turnover for Y/E March 2015 circa £306,000 (incl. VAT).
- Trade split circa 90% wet sales and 10% food sales. Undoubted potential for catering orientated operators.
- Punch Taverns partially tied renewable lease.
REF: 7753 LEASEHOLD
AN EXTREMELY RARE AND GOLDEN OPPORTUNITY TO PURCHASE A WELL ESTABLISHED AND SUCCESSFUL LIFESTYLE BUSINESS AND FAMILY HOME
This outstanding business is situated in the highly desirable village of Ickford (near Aylesbury) Buckinghamshire and can be easily reached from junction 8a 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 Aylesbury 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. Ickford, one of Buckinghamshire's most popular villages, is a desirable area for families being an enviable place to reside and a compelling trade opportunity.
This delightful inn has a wealth of charm and character prevalent throughout.
Main entrance at the front leading into the lobby with access in to the Lounge Bar.
Lounge Bar (circa 30+) being a lovely traditional room exuding a delightful welcoming ambience has a feature central return bar servery with a solid polished ash counter and a matching back fitting with trade optics and refrigerated bottle coolers (not tested); which is complemented by a good range of loose polished tables, upholstered chairs, upholstered perimeter seating, upholstered mini stools and upholstered bar stools.
Adding to the charm and character of this room is the feature brick built open fireplace and the beamed ceiling. Access to the Dining Area and the Beer Garden.
Dining Area (circa 18 covers) is a versatile room ideal for private parties and wakes etc exuding a lovely inviting and intimate dining ambience. The room is well furnished with a good range of loose polished tables and upholstered chairs. Adding to the charm of the room is the brick built open fireplace (currently unused), the solid oak floor and the beamed ceiling.
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, pythons x3, post mix, tilt racks and cooler.
Ladies and Gents W.C.'s.
Situated on the ground floor and the 1st floor, being of a good size and presented in good decorative order briefly comprises: 3 bedrooms, lounge, dining room, office and bathroom.
There is a good sized enclosed lawned Beer Garden (circa 200) at the rear with timber picnic benches. There is a covered and heated decked patio area with tables and chairs and a children's play area. There is also a seating area at the front with timber picnic benches. Patron's parking facilities for circa 25 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:
Monday - Thursday - 10.00am - 11.00pm
Friday - 10.00am - Midnight
Saturday - 10.00am - 01.00am
Sunday - Midday - 11.00pm
The current opening hours are as follows:
Monday - Friday - Midday - 2.30pm & 4.00pm - 11.00pm
Saturday - Midday - Midnight
Sunday - Midday - 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.
The business is offered for sale as a lease assignment with approximately 7 years remaining of the Punch Taverns 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 is currently circa £27,000 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 with the exception of LPG for cooking and uses oil fired central heating (no services seen or tested). Business rates are advised as being circa £2,137 per annum.
Our vendor client operates this excellent business as a 'sole trader' on a 'part time' basis with the assistance of 2 full time and 1 part time member of staff. Trade is currently derived from circa 90% wet and 10% food sales, thereby providing tremendous scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation to elevate this business to the next level by expanding the current food offering and by also focussing on a strategic marketing campaign to promote the diversity of the premises to cater for weddings, private parties and wakes etc, for which there is huge demand within the locale.
This is truly an extremely rare and outstanding 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 sales for Y/E March 2015 circa £306,000 (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 £375,000 (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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