3 bedroom pub for saleSOUTH EAST LONDON
REF: 7781 LEASEHOLD
IMPRESSIVE TRADITIONAL WET LED VICTORIAN INN, OFERING IMMENSE SCOPE SITUATED IN THE HIGHLY POPULATED SUBURBAN DISTRICT OF FOREST HILL, SOUTH EAST LONDON
Traditional community inn situated in the prime commuter location of Forest Hill.
Welcoming and inviting Public Bar (circa 35+) and a versatile and multi-functional Dining Area (circa 20+ covers).
Enclosed Beer Garden (circa 40+).
Highly impressive owner's accommodation consisting of 2 self-contained flats.
Equipped Commercial Catering Kitchen.
Refurbished and modernised throughout yet still retaining a wealth of charm and character.
Advised current turnover circa £200,000 (incl. VAT).
Trade derived from 95% wet sales and 5% food sales. Immense potential for catering/functions orientated operators.
Punch Taverns 'part tied' renewable lease.
IDEAL FIRST TIME BUY FOR NEWCOMERS TO THE TRADE.
A GOLDEN OPPORTUNITY TO PURCHASE AN EXTREMELY WELL ESTABLISHED AND SUCCESSFUL BUSINESS OFFERING TREMENDOUS GROWTH POTENTIAL
This outstanding community inn is located in the highly sought after suburb of Forest Hill and can be easily reached from junction 3 of the M25 circular near Swanley (just before the Dartford Tunnel). Situated within the commuter belt being approximately 10 miles from the capital city of London and also having excellent road communications providing easy access to the M25, M23, M3, M20, M11 and M1 motorways making this superb location an excellent strategic commuter area for the major motorways and the major international airports of Heathrow and Gatwick. This superb inn, being situated in a busy commercial and residential location draws an excellent level of local trade from Forest Hill itself and also attracts trade from a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas that culminate in providing a continuous and consistent flow of repeat trade. The inn is also well serviced by local schools, shops and amenities. A compelling business opportunity.
This substantial and impressive community inn occupies an excellent prominent and easy accessible trading position within this densely populated commercial and residential location.
Main entrance at the front leading into the Public Bar.
Public Bar (circa 35+) is a good sized traditional room exuding a lovely welcoming and inviting ambience having a feature central horseshoe shaped return bar servery with a solid polished counter and a glass gantry above with a matching back fitting having trade optics and refrigerated bottle coolers (not tested). The room is furnished with a range of loose polished tables, upholstered chairs, upholstered perimeter seating and upholstered bar chairs. Adding to the charm and character of the room is the solid oak floor and the part panelled walls. Access to the W.C's and the Dining Area.
Dining Area (circa 20+ covers) is a versatile and multi-functional room and is furnished with loose polished tables, upholstered chairs and fixed upholstered perimeter seating. Access to the Beer Garden.
Catering facilities include an equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).
Lower Ground Floor Cellar with dray drop, pumps, pythons x2, post mix and cooler.
Ladies and Gents W.C.'s
Situated on the 1st floor and 2nd floors being presented in good order and offering good sized rooms, briefly comprises 2 flats:
Flat 1: situated on the 1st floor - 2 bedrooms, lounge (with access to a terrace), kitchen, office and bathroom.
Flat 2: situated on the 2nd floor - 1 bedroom, lounge, kitchen, utility room and shower room.
There is an enclosed paved Beer Garden (circa 40+) with timber picnic benches. There is also an enclosed courtyard with a covered designated smoking area. There is also an additional yard for storage. Free 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:
Monday - Thursday - Midday - 11.00pm
Friday & Saturday - Midday - Midnight
Sunday - Midday - 10.30pm
The current opening hours are as follows:
Monday - Thursday - Midday - 10.30pm
Friday & Saturday - Midday - 11.30pm
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.
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 and bottled beers ONLY. We are informed that the rent is currently circa £37,000 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 are advised as being circa £7,800 per annum.
Our vendor clients operate this excellent business as a 'husband and wife' team on a full time basis with the assistance of 4 part time members of staff. Trade is currently derived from circa 95% wet sales and 5% food sales and 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/functions orientated operation to increase the turnover and profits.
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 current turnover circa £200,000 (incl. VAT). This extremely popular community 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 £300,000 (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)
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Disclaimer - Property reference 7781. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds Business Transfers Limited , National Licensed Property. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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