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3 bedroom pub for sale

ESSEX

Sold STC £125,000

Property Description

Full description

Tenure: Leasehold

REF: 7747 LEASEHOLD

AN EXQUISITE AND TRADITIONAL UNOPPOSED 17th CENTURY GRADE II LISTED INN SITUATED IN THE HIGHLY DESIRABLE AND SOUGHT AFTER LOCATION OF BURTON END, ESSEX (NEAR STANSTED AIRPORT)


Wonderful 17th century inn situated in the prime trading location of Burton End.

Inviting and traditional Lounge Bar (circa 35+), Cosy Snug Bar (circa 10), Multi-functional and versatile Restaurant (circa 40+ covers).

Wealth of charm and character with beams, timber pillars and a log burner fire. Presented in excellent decorative order throughout.

Impressive 2/3 bedroomed owner's accommodation.

Fully equipped Commercial Catering Kitchen.

Beer Gardens, Patio and Good Sized Car Park.

Marquee available for an additional 25,000.

Advised current turnover circa 460,000+ (incl. VAT).

Trade split circa 45% wet and 55% food. Immense potential for catering/events orientated operators.

Greene King partially tied 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 LOCALE


LOCATION

This wonderfully presented inn is situated in the highly sought after location of Burton End in the county of Essex (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. The inn 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 the nearby surrounding towns and villages which provide an excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This highly desirable inn is a substantial 2 storey detached property occupying an excellent trading position.
Main entrance at the front leading into the lobby with access into the Lounge Bar and Snug Bar.

Lounge Bar (circa 35+) is a lovely traditional room exuding a warm and inviting ambience, having a feature return bar servery with a solid polished counter and a matching back fitting with shelving. The room is well furnished with a good range of loose polished tables, upholstered settles, leather chairs, upholstered mini stools and bar chairs. Adding to the charm of this room is the feature brick built log burner fireplace, the quarry tiled floor and the beamed ceiling. In addition there is also a feature inglenook fireplace (currently unused) which is fitted with leather padded seating providing a delightful and cosy sitting area. Access to the W.C's and Snug Bar.

Snug Bar (circa 10) is a cosy and relaxing room having two return bar serveries with matching back fittings and glass gantries and a range of bar chairs. Access through to the Restaurant.

Restaurant (circa 40+ covers) is a good sized multi-functional room (ideal for weddings, wakes and private parties etc). Being well furnished with a good range of high quality dining furniture of polished tables and leather upholstered chairs. Adding to the charm of the restaurant is the vaulted ceiling and the solid oak floor. Access to the W.C's and the Beer Garden.

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 and cooler.

Ladies and Gents W.C.'s x2 sets.

OWNER'S ACCOMMODATION

Being situated on the 1st floor, offering good sized rooms and briefly comprises: 2/3 bedrooms, lounge/bedroom 3 and bathroom.

EXTERNAL

At the front there are two lawned Beer Gardens with timber benches/seating, a timber decked patio with timber picnic benches and a brick paved patio area with tables and chairs. There is also a timber decked patio area at the rear and a lawned Beer Garden with a marquee (capacity for circa 200 people - this marquee is available for an additional 25,000). Patron's parking facilities for circa 40+ cars. There is also private yard housing storage units and a walk-in chiller.

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 - Saturday - 07.00am - 12.30am
Sunday - 07.00am - 11.30pm

The current opening hours are as follows:

Monday - Saturday - 11.00am - 11.00pm
Sunday - 11.00am - 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.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 7 years remaining of the Greene King full repairing and insuring, renewable agreement. We are advised that the inn is part tied to draught and bottle beer and alcopops only. We are informed that the rent is currently 55,000 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 TBA.

THE BUSINESS

Our vendor clients operate this excellent business as a husband and wife team on a 'part time' and 'full time' basis respectively with the assistance of 6 full time and 12 part time/casual members of staff. Trade is currently derived from circa 45% wet and 55% 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 here. 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 460,000+ (incl. VAT). This delightful unopposed 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 550,000 (incl. VAT).

Agents Note: The Ash is well known for holding weddings and parties as well as corporate functions, bands and shows. The 100-180 person marquee is fully lined, carpeted with a fully functioning bar. Heated for the winter and set in its own gardens is a perfect venue. The business is growing and can generate a further 40-70k in highly profitable business. With many colours, themes and accessories available, The Ash creates your perfect wedding marquee from a flexible range of quality canvas and furnishings; creating a cosy and luxurious venue with an Oriental canopy or an impressively grand marquee with areas for the wedding breakfast and speeches. It's unique in the area and a great quality cost option versus expensive venues.

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.


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