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3 bedroom pub for sale

ESSEX

£35,000

Property Description

Key features

  • Traditional Community Inn situated in the prime location of Colchester.
  • Single bar operation having a welcoming and atmospheric main Public Bar (circa 40+).
  • Good sized 3 Bedroomed Family Accommodation.
  • Enclosed Beer Garden and on street parking.
  • Advised turnover for YE March 2015 circa 170,000 (incl. VAT). Current sales consistent with 2015.
  • 100% wet sales. Immense potential for catering orientated operators.
  • Private 'FREE OF TIE' lease with approximately 7 years remaining.
  • An ideal first time buy for newcomers to the trade.

Full description

Tenure: Leasehold

Ref 7774 LEASEHOLD


A TRULY EXCELLENT OPPORTUNITY TO PROCURE AN ESTABLISHED LIFESTYLE BUSINESS AND FAMILY HOME OFFERING TREMENDOUS GROWTH POTENTIAL


LOCATION
This established business is located on the outskirts of the centre of the highly desirable and densely populated historic town of Colchester, in the delightful county of Essex and can be easily reached from the A12.
Situated in the heart of the commuter belt and also having excellent road communications providing easy access to the A12, M25, M11, M23. A1(M) and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Gatwick, Stansted and Luton. Colchester is also within close proximity to the Harwich and Parkeston Ferry terminal, bringing an abundance of visitors and tourists from Holland and Denmark all year round.
Colchester is also situated close to Braintree, Ipswich, Chelmsford, Felixstowe and Clacton On Sea making this traditional community inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of passing and repeat trade and is also well serviced by local schools, shops and amenities.
A compelling trade opportunity.

THE PROPERTY
This bustling community inn occupies an excellent prominent and easy accessible trading position in this densely populated area.

Main entrance at the front leading into the lobby with access into the main Public Bar.

Public Bar (circa 40+) is a good sized versatile and traditional room (ideal for functions, private parties and wakes etc) exuding a lovely welcoming and inviting ambience.

There is 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 furnished with a range of solid polished tables, upholstered chairs, suede tub chairs and fixed perimeter drink shelves.

Access through to the W.C's and the Beer Garden.

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 and briefly comprises: 3 bedrooms, lounge, kitchen and bathroom.

EXTERNAL
There is an enclosed lawned Beer Garden (circa 50+) at the rear with timber picnic benches and a decked patio area. There is also a covered designated smoking area. On street parking facilities.

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 - 11.00am - 11.00pm
Friday & Saturday - 11.00am - 12.30am
The current opening hours are as above.

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 'PRIVATE' full repairing and insuring agreement.
We are advised that the inn is 'FREE OF TIE'. We are informed that the rent is currently circa 22,256 per annum.
We are advised that the inn benefits from all mains services and uses gas fired central heating (no services seen or tested).
Business rates payable are advised as being circa 5,700 per annum.


THE BUSINESS
Our vendor clients operate this excellent business as a 'husband and wife' team on a full time basis with the assistance of 3 part time members of staff. Trade is currently derived from 100% wet sales. Whilst emulating the current business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a food orientated operation to take the business to the next level by exploiting the obvious food potential that is to be found here.
There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc. There is also massive potential to facilitate early opening hours and to provide coffee and breakfast etc which would have an incredible positive impact on the turnover and profits.
Advised turnover for YE March 2015 circa 170,000 (incl. VAT).
This extremely popular 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 225,000 (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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