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3 bedroom pub for sale

HERTFORDSHIRE

£795,000

Property Description

Key features

  • Attractive 16th Century country village inn located in the affluent location of Sleapshyde in the area of Smallford.
  • Traditional Lounge Bar (circa 30+), inviting and relaxing Restaurant (circa 30 covers) and a versatile Function Room (circa 30+ covers).
  • Wealth of charm and character throughout with a delightful log burner fire, beamed ceilings and timber pillars.
  • Impressive 3 Bedroomed Family Accommodation.
  • Fully equipped Commercial Catering Kitchen.
  • Delightful Beer Garden (circa 150+) and Children's Play Area. Patrons Car Park (circa 25 cars).
  • Advised turnover for Y/E March 2015 circa 290,000 (incl VAT). Advised current sales circa 300,000 + (incl VAT).
  • Trade split circa 70% wet and 30% food.
  • AVAILABLE FOR THE 1st TIME IN 11 YEARS. GENUINE RETIREMENT SALE.

Full description

Tenure: Freehold

REF 7752 FREEHOLD


AN INCREDIBLY RARE OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED AND PROFITABLE BUSINESS AND FAMILY HOME OFFERING MASSIVE GROWTH POTENTIAL


LOCATION
This outstanding business is situated in the heart of the delightful location of Sleapshyde near Smallford in the highly desirable county of Hertfordshire and can be easily reached from junction 3 of the A1(M) and only 5 miles from the very affluent and great commuter city of St Albans.
Situated within the commuter belt being approx ONLY 20 miles from London and having excellent road communications providing easy access to the A1(M), M25, M1 and M11 motorways makes this superb location an extremely popular commuter area for the major motorways and international airports of Stansted, Luton, Heathrow and Gatwick. This wonderful village inn is within the catchment area of many affluent villages in addition to being situated close to Hertford, St Albans, Hatfield and Welwyn Garden City making this inn ideally positioned to draw trade from the nearby surrounding towns and villages to provide an excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY
This delightful and substantial detached inn is part thatched and is situated close to the Alban Way cycle and walking route.

Main entrance at the front leading into the lobby with access in to the Lounge Bar.

Lounge Bar (circa 30+) is an inviting and intimate room exuding a lovely traditional feel having a feature 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 loose polished tables, upholstered chairs, upholstered mini stools, upholstered perimeter seating and upholstered bar chairs. Adding to the immense charm and character of this room is the superb brick built inglenook log burner fireplace, the beamed ceiling and timber pillars. Access to the Restaurant.

Restaurant (circa 30 covers) is a good sized room having 2 dining areas, exuding a warm and welcoming ambience. The restaurant is well furnished with a good range of loose polished tables and upholstered chairs. There is also a return bar servery. Access to the covered smoking area, Beer Garden and the Function Room.

Function Room (circa 30+ covers) is a versatile room ideal for private meetings, private parties and wakes etc and is furnished with loose polished tables and upholstered chairs.

Catering facilities include a fully equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Wash-up/Prep Room.

Ground Floor Cellar with delivery access, pumps, python, tilt racks, post mix and cooler.

Ladies and Gents W.C's.

OWNER'S ACCOMMODATION
Situated on the 1st floor, being of a good size and presented in good decorative order briefly comprises: 3 bedrooms, lounge, kitchen and bathroom.

EXTERNAL
There is a good sized lawned Beer Garden (circa 150) at the rear with an excellent range of timber picnic benches. There is also a covered paved patio area with tables and chairs and a children's play area. There is a private yard with 3 timber storage units and a log store. 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 - Saturday - 11.00am - Midnight
Sunday - Midday - 11.30pm

The current opening hours are as follows:

Monday - Midday-2.30pm &
5.00pm-10.00pm
Tues/Wed/Thurs-
Midday-2.30pm &
5.00pm-10.30pm
Friday - Midday-2.30pm & 5.00pm-11.00pm
Saturday - Midday-11.00pm
Sunday - Midday - 10.30pm

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 property and business are being offered for sale freehold (although we have not had sight of the title deeds). We are advised that the inn benefits from all mains services (services not tested). Business rates are advised as currently being 7986.00 payable per annum.

THE BUSINESS
Our vendor clients operate this successful business as a husband and wife team on a full time basis with the assistance of 3 full time and 7 part time/casual members of staff.
Trade is currently derived from circa 70% wet and 30% food sales, thereby providing immense scope for a new operator partnership with previous experience of running a catering/events orientated operation to take this business to even greater heights by focussing on a strategic and extensive marketing campaign to further promote the premises for weddings, private functions and wakes etc. Advised turnover for Y/E March 2015 was circa 290,000 (incl. VAT). We are advised current sales are circa 300,000 + (incl. VAT). This truly is an incredible opportunity for either an owner operator to continue to build the business or for a commercial investor to enhance their existing portfolio. This delightful inn is an extremely 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 400,000 per annum (incl. VAT).

The asking price reflects the current trading foundation, the location and quality of fixtures and fitting, and of course not forgetting that this is an extremely substantial freehold property.
Accounting information will be made available to interested parties after viewing.
The property 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 via 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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