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2 bedroom pub for sale

ESSEX

Sold STC £445,000

Property Description

Full description

Tenure: Freehold

Ref 7797 FREEHOLD


ATTRACTIVE AND SUBSTANTIAL 18th CENTURY TRADITIONAL ENGLISH COUNTRY VILLAGE INN AVAILABLE FOR THE 1st TIME IN 14 YEARS SITUATED IN THE QUINTESSENTIAL AND IDYLLIC RURAL LOCATION OF BLACK NOTLEY, ESSEX


Imposing 18th century country village inn located in the affluent location of Black Notley.

Traditional Lounge Bar (circa 30+) with a cosy 6 person Mezzanine and a versatile Restaurant (circa 22+ covers).

Wealth of charm and character throughout with log a burner fire, flagstone flooring and beamed ceilings.

Good sized 2 bedroomed owner's accommodation. Loft space ideal for conversion (STTP).

Fully equipped Commercial Catering Kitchen.

Delightful enclosed Beer Garden and Patron's Car Park (circa 15 cars).

Advised turnover for YE March 2016 circa 133,680 (incl. VAT).

Trade split circa 60% wet and 40% food. Undoubted potential for catering/functions orientated operators.

AN INCREDIBLY RARE OPPORTUNITY TO ACQUIRE AN ESTABLISHED BUSINESS AND HOME OFFERING TREMENDOUS GROWTH POTENTIAL


LOCATION
This delightful 18th century traditional English country inn is situated in the highly desirable and affluent village of Black Notley and can be easily reached from junction 8 of the M11 motorway.
This charming and characterful village inn is a well-used and popular venue for local and commercial trade emanating from the surrounding and affluent catchment areas and also attracts trade from walkers and visitors coming from afar to this historic location.

Being well positioned; close to the M11 motorway and the M25 providing easy access to and from the major airports of Stanstead and Heathrow.

An enviable place to reside and a compelling trade opportunity.

THE PROPERTY
There are two entrances at the front leading into the Lounge Bar and the Restaurant.

Lounge Bar (circa 30+) is an inviting and welcoming room exuding a lovely traditional feel having a feature return bar servery with a solid polished counter and a matching back fitting with trade optics and refrigerated bottle coolers (not tested).
The room is well furnished with loose polished tables and a mix of upholstered chairs. There is also a delightful 6 person balustrade Mezzanine accessed via a balustrade staircase.
Adding to the charm and character of this room is the superb brick built log burner fireplace and the beamed/vaulted ceiling and the flagstone floor. Access to the Beer Garden and the Restaurant.


Restaurant (circa 22+) set within 2 delightful dining areas is a multi-functional room offering versatility in its usage for private parties and wakes etc. and is well furnished with a good range of solid polished tables and upholstered chairs. There is also a feature fireplace with an inset log/coal effect gas fire.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

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

Ladies and Gents W.C's.

OWNER'S ACCOMMODATION
Situated on the 1st floor, being of a good size briefly comprises: 2 bedrooms, lounge and bathroom.
Agents Note: Full length loft space, ideal for conversion (STTP) to provide extra accommodation if so desired!

EXTERNAL
There is an enclosed timber decked Beer Garden at the rear with a good range of wrought iron/timber tables and chairs. There is also a private yard with a timber dry store/freezer room. Patron's car park for circa 15 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 - Midnight
Friday - Sunday - 10.00am - 01.00am

The current opening hours are as follows:

Monday - Thursday - Midday - 2.30pm & 6.30pm - 11.00pm
Friday & Saturday - Midday - 2.30pm & 6.30pm - Midnight
Sunday - Midday - 4.00pm & 7.00pm - 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 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 utility services and uses gas fired central heating (services not tested). Business rates payable are advised as being 0 per annum.

THE BUSINESS
Our vendor client operates this delightful business as a 'sole trader' on a full time basis with the assistance of 1 full time and 2 part time members of staff.
Trade is currently derived from circa 60% wet and 40% food sales, thereby providing immense scope for a new operator partnership with previous experience of running a catering/functions orientated operation to take this business to even greater heights by implementing a strategic and extensive marketing campaign to further promote the premises for private functions and wakes etc., for which there is great demand within the area. Advised turnover for YE March 2016 circa 133,680 (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 a well-established 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 200,000 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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