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6 bedroom pub for sale

WEST SUSSEX

Sold STC £85,000

Property Description

Key features

  • Imposing 19th Century Inn situated in the prime village location of Elsted Marsh.
  • Traditional Lounge Bar (circa 30), cosy Snug Bar (circa 10+) & relaxing & versatile Restaurant (circa 24+ covers).
  • Highly impressive 4 ensuite Letting Bedrooms.
  • Good sized 2 Bedroom Owner's Accommodation.
  • Wealth of charm and character throughout exuding a warm and welcoming ambience with open fires.
  • Fully equipped Commercial Catering Kitchen.
  • Superb Beer Garden (circa 100). Patrons Car Park.
  • Advised current turnover circa 350,000 (incl. VAT).
  • Trade split circa 45% wet, 40% food 15% accommodation sales. Immense potential for catering/events orientated operators.
  • Enterprise Inns partially tied renewable lease with a favourable rent of circa 25,400 p.a.

Full description

Tenure: Leasehold

REF:7790 LEASEHOLD



AN AMAZING OPPORTUNITY TO ACQUIRE THIS EXTREMELY WELL ESTABLISHED BUSINESS AND HOME OFFERING UNTOLD GROWTH POTENTIAL AND A WONDERFUL QUALITY OF LIFE IN AN ENVIABLE LOCALE


LOCATION

This delightful country inn is located within the highly desirable village of Elsted Marsh in the Chichester district of West Sussex, on the edge of the South Downs. The village is situated on the Midhurst to South Harting road, approximately 4.5 miles west of Midhurst. This lovely country inn offers views over the South Downs National Park which is a designated Area of Outstanding Natural Beauty and attracts a tremendous number of visitors on an annual basis.
This business is well positioned for Goodwood, being only a few miles away, with its ever increasing extremely popular festivals of both Racehorses (Glorious Goodwood) and Motor Vehicles (Goodwood Festival of Speed). The nearest town is Midhurst which was voted the 2nd best town in England by the Country Life magazine and is most famous for its Polo Events especially the 'Veuve Clicquot Gold Cup'.

THE PROPERTY

This impressive 19th century inn occupies an easy accessible main road trading position with the main entrance at the front leading into the main Lounge Bar (circa 30) being a lovely traditional room exuding a welcoming and relaxing ambience having a feature central return bar servery with a solid polished counter, a matching back fitting having trade optics and refrigerated bottle coolers (not tested) complemented by an eclectic range of loose polished tables, a mix of chairs, upholstered pew style seating, leather armchairs and bar stools. Adding to the charm and character of this room are the 2 feature open fireplaces and the solid oak floor. Access to the Snug Bar (circa 10+) is a cosy room having a return bar servery and furnished with a solid polished table, fixed upholstered perimeter seating and upholstered chairs. The room also has an open fireplace and a solid oak floor. Access to the Restaurant (circa 24+ covers) is a good sized versatile and multi-functional room ideal for a variety of events including wakes and private parties etc offering a relaxing and intimate dining experience and is well furnished with an eclectic range of solid polished tables and upholstered chairs. The room has a solid oak floor and lovely part panelled walls. Access to the Patio Terrace and the Beer Garden.
Catering facilities include a fully equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Wash/Prep Room.
Lower Ground Floor Cellar with dray drop, pumps, python, post mix and cooler.
Ladies and Gents W.C.'s

LETTING ACCOMMODATION

Situated in the detached converted barn offering good sized rooms, presented in excellent decorative order and briefly comprises: 4 bedrooms - all with en-suite facilities, T.V and tea/coffee making facilities and some having delightful countryside views.

OWNER'S ACCOMMODATION

Situated on the 1st floor; being of a good size and presented in good decorative order briefly comprises: 2 bedrooms, lounge, kitchenette and bathroom.

EXTERNAL

To the rear of the property is a delightful and mature lawned Beer Garden (circa 100) which is furnished with timber picnic benches and offering views over the South Downs. There is also a paved Patio Terrace with tables and chairs and a designated smoking area. There is also a seating/drinking area at the front of the inn with timber picnic benches. Patron's car parking facilities for circa 10 cars. There is also a private yard with storage 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:
Monday - Sunday - 11.30am - 11.00pm
The current opening hours are as follows:
Monday - 5.00pm - 9.00pm
Tuesday - Saturday - 11.00am - 3.00pm & 5.00pm - 11.00pm
Sunday - 11.00am - 8.00pm
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 3 1/2 years remaining of the Enterprise Inns full repairing and insuring, renewable agreement. We are advised that the inn is partially tied to draught beers, bottled beers, ciders and spirits. We are informed that the rent is currently ONLY 25,400 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 Calor gas for cooking and uses oil fired heating (no services seen or tested). Business rates payable are advised as currently being circa zero due to benefitting from rural rate relief.

THE BUSINESS

Our vendor clients operate this excellent business as a 'husband and wife' team on a full time basis with the assistance of 1 full time and 6 part time staff. Trade is currently derived from circa 45% wet, 40% food and 15% accommodation 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 catering/lettings/events orientated operation enabling them to take this business to the next level by exploiting the food and functions 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 and also focussing on online booking agents to promote the superb letting accommodation. Advised current turnover circa 350,000 (incl. VAT). This delightful inn is a 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 (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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