4 bedroom pub for saleESSEX
Sold STC £75,000
Full descriptionRef 7751 LEASEHOLD
AN EXQUISITE 15th CENTURY GRADE II LISTED 'FREE OF TIE' INN EXUDING STYLE AND ELEGANCE, SITUATED IN THE HIGHLY DESIRABLE AND AFFLUENT LOCATION OF THAXTED, ESSEX (NEAR STANSTED AIRPORT)
• Wonderful 15th Century Inn situated in the prime trading location of Thaxted
• Traditional and relaxing Lounge Bar (circa 35) and a versatile and intimate Restaurant (circa 22+ covers)
• Extensively refurbished and modernised throughout, yet retaining a wealth of charm and character with beams, timber pillars and a delightful inglenook log burner fireplace
• Impressive 3/4 Bedroomed Family Accommodation
• Well-equipped Commercial Catering Kitchen
• Good sized Beer Garden (circa 200) and Patron's Car Parking facilities for circa 15+ cars
• Advised current turnover circa £280,000+ (incl. VAT)
• Trade split circa 40% wet and 60% food. Immense potential for catering/events orientated operators
• Adnams Pub Company 'FREE OF TIE' renewable lease
AN AMAZING OPPORTUNITY TO PURCHASE THIS EXTREMELY WELL ESTABLISHED BUSINESS AND HOME OFFERING UNTOLD GROWTH POTENTIAL AND A WONDERFUL QUALITY OF LIFE IN AN ENVIABLE LOCALITY
This superbly presented inn is situated in the highly sought after location of Thaxted (circa ten minutes from Stansted Airport) and can be easily reached from junction 8 of the M11 motorway near Stansted Airport. Situated within the commuter belt being approximately ONLY 30 miles from the capital city of London and also having excellent road communications providing easy access to the M25, A1(M), A120 and the M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Stansted, Heathrow and Gatwick. Thaxted is also within the catchment area of many similar affluent villages and towns in addition to being situated close to Finchingfield, Great Dunmow, Braintree and Bishops Stortford making this superb inn ideally positioned to draw trade from Thaxted itself and also the nearby surrounding towns and villages which provide an excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.
This highly desirable inn is an imposing and substantial two-storey detached property occupying an excellent trading position.
Main entrance at the front leading into the lobby with access into the Lounge Bar.
Lounge Bar (circa 35) is a lovely traditional room exuding a warm and inviting ambience, having a feature central return bar servery with a solid polished oak counter and a back fitting with shelving and refrigerated bottle coolers (not tested). The room is well furnished with a lovely eclectic range of tables, a mix of upholstered chairs, a leather sofa and upholstered bar stools. Adding to the charm of this room is the feature brick built inglenook log burner fireplace, the part slate and part oak floor and the beamed ceiling. Access to the Beer Garden and the Restaurant.
Restaurant (circa 22+ covers) is a versatile room (ideal for wakes and private parties etc) and exudes a delightfully intimate and cosy dining ambience. Being well furnished with an eclectic range of tables and a mix of upholstered chairs. Adding to the charm of the restaurant is the beamed ceiling, timber pillars, the oak panelled walls and the oak and slate floor. There is also a feature brick built open fireplace (currently unused).
Catering facilities include a well-equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).There is also a good sized Wash-up/Prep Room.
Ground Floor Cellar with delivery access, pumps, python and cooler.
Ladies and Gents W.C.'s
Being situated on the first floor, offering good sized rooms and briefly comprises: 3/4 bedrooms, lounge/bedroom 4, office and bathroom.
There is a very good sized lawned Beer Garden (circa 200) at the rear with timber benches/seating, there is also a delightful timber decked patio being well furnished with tables and chairs and there is also a covered designated smoking area. Patron's parking facilities for circa 15+ cars. There is also private garden 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:
Sunday to Thursday: 11.00am - Midnight
Friday & Saturday: 11.00am - 12.30am
The current opening hours are as follows:
Monday & Tuesday: 5.00pm - 11.00pm
Wed. to Saturday: Midday - 3.00pm & 5.00pm
Sunday: Midday - 7.00pm
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.
The business is offered for sale as a lease assignment with approximately 10 years remaining of the Adnams Pub Company full repairing and insuring, renewable agreement. We are advised that the inn is 'FREE OF TIE'. We are informed that the rent is currently £32,000 (INCL. VAT) 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 (no services seen or tested). Business rates payable are advised as currently being circa £10,000 per annum.
Our vendor client operates this excellent business as a 'sole trader' on a full time basis with the assistance of three full time and six part time/casual staff. Trade is currently derived from circa 40% wet and 60% food sales, thereby providing tremendous scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation enabling them to take this business to the next level by exploiting the obvious immense food and functions/events potential that is to be found. This is an extremely rare and outstanding opportunity for those seeking a lifestyle change or an alternative career from the hustle and bustle of the City or even as an additional income stream whilst commuting.
Advised current turnover circa £280,000+ (incl. VAT). 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 £350,000 (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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