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2 bedroom pub for sale

STAFFORDSHIRE; Great Wyrley

£59,950

Property Description

Key features

  • Located in the beautiful South Staffordshire Hamlet of Newtown with views across Cannock Chase
  • Adjacent to Great Wyrley village and within easy reach of Walsall and Wolverhampton.
  • Bar area (circa 20 plus standing) with exposed wooden ceiling and wall beams.
  • Top & Bottom Lounge areas (circa 40+ plus standing) full of character with attractive exposed beams
  • Restaurant (54 covers) fully air conditioned with exposed wooden beams and fabulous rolling views
  • Spacious grassed and gravelled rear garden area with picturesque views.
  • 2 bedroom owners' accommodation.
  • Advised turnover circa £480,490 (incl. VAT) for year ending 31st March 2016.
  • Trade: 65% Food; 35% Wet sales.
  • Respectable brewery lease with 'attractive off invoice discounts'.

Full description

Tenure: Leasehold

REFERENCE NUMBER 7842L

TRADITIONAL AWARD WINNING CHARACTER FOOD LED INN LOCATED IN THE IDYLLIC SOUTH STAFFORDSHIRE HAMLET OF NEWTOWN ON THE EDGE OF GREAT WYRLEY VILLAGE

A GREAT OPPORTUNITY TO ACQUIRE A THRIVING ESTABLISHED FOOD LED BUSINESS IN A HIGHLY DESIRABLE LOCATION


LOCATION
This desirable inn is located on the main road running through the affluent picturesque South Staffordshire hamlet of Newtown that sits adjacent to the village of Great Wyrley. The village of Great Wyrley has an assortment of local shops and amenities, a church and a sought after highly commended High School. Nearby is the desirable walkers and cyclist's paradise of Cannock Chase (8 miles) the UK's smallest area of outstanding natural beauty. Other points of interest include the thriving town of Walsall (4 miles) and the busy city of Wolverhampton is only 8 miles away. The local motorway system is excellent and the business sits far enough away from but in between the M6 and M6 toll roads. The M54 and A5 are both also close by providing easy access to most parts of the UK.

THE PROPERTY
This traditional 19th century inn is of brick construction with front rendering and sits under a pitched, tiled apex roof. Entrances to the front and rear (with disabled facilities) provide access to all the trading areas. These consist of:
Bar area (circa 20+ plus standing) is full of character with a warm and welcoming atmosphere. Loose tables and chairs sit on a solid oak floor beneath exposed wooden ceiling and wall beams complimented by historic photos adorning the walls. To one end is a wall mounted HDTV while to the other end is a bar server of wood construction with 2 cask ales on offer.
Top and Bottom Lounges (circa 40+ plus standing) are bursting with character and rustic charm and are linked by a few small steps to accommodate the different floor levels. Loose tables, chairs and stools are complimented by upholstered perimeter bench seating all sitting on areas of carpeted and oak flooring. Exposed wooden beams to the ceilings and walls add to the ambience and in the bottom lounge is a wooden bar server with a further 3 cask ales on offer. Local artist paintings are positioned around the lounge walls and really are a pleasure to view.
Restaurant (54 covers) is an L-shaped extended room to the rear of the property with fabulous rolling countryside views across Cannock Chase. Loose tables and chairs sit on areas of carpet and laminate flooring beneath exposed wooden ceiling and wall beams and there is a coffee prep area to one side. The restaurant is fully air conditioned, is able to be laid out to suit the occasion and if so desired is also able to be hired out for private functions etc.

Ladies, Gents and accessible W.C.'s.

There is a fully equipped commercial catering Kitchen with stainless steel appliances and surfaces (appliances not tested). Separate and additional fridge/freezer storage areas are located outside the back door. There is also a below Ground Floor Cellar with remote, python and pumps etc.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st floor and briefly comprises: 1 double bedroom & 1 single bedroom/office, Lounge, Dining area & bathroom.

EXTERNAL
To the rear of the property is a beautiful enclosed grassed and gravelled garden area with wooden picnic benches (circa 100+) and picturesque rolling countryside views across Cannock Chase. Established shrub borders are complimented by tall surrounding sunflowers that make this area even more attractive and a great place to sit and admire the view. Also to the rear is an attractive heated and lit smoking solution with wooden garden furniture. The patron's car park is to the side and rear with lined spaces for circa 40+ 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:
Mon- Sat 10am to midnight
Sunday 10am to 11pm
Current opening hours are:
Mon 12noon to 11pm
Tues - Sat 12noon to midnight
Sunday 12noon to 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 9 years remaining
of the well-respected Marston's Inns and Taverns full repairing and insuring, renewable agreement. We are advised that the inn is fully tied on all drink products with the exception of minerals however, attracts a good level of off invoice discounts on all draught products. We are informed that the attractive rent is currently £36,000 (8.9% net turnover) per annum to be reviewed in 2021.

We are also 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 mains services (no services seen or tested). Business rates payable are advised as currently being circa £11,000 per annum.

THE BUSINESS
The current owners purchased the business in 2004 and have since established a food led business offering quality, locally sourced, home cooked food and drinks to a loyal, repeat and desirable clientele. The business is currently operated by the owners themselves assisted by 3 full and circa 22- part time members of staff. Sitting proudly at the centre of the local community the business has been recognised with a Trip Advisor certificate of excellence and has been a CAMRA POTY award winner on no less than 4 occasions. The business also plays host to a highly popular golf society, is a registered Pokémon 'stop' and is also listed in the good beer guide. We are advised that accounts declare takings of circa £480,490 inclusive of VAT for year ending 31st March 2016. This has been achieved on a trade split of 65% Food and 35% Wet sales. New owners could continue to operate the business using the same highly successful formula or they may wish to take the business to the next level by extending the food offer further and putting their own stamp on the business. This business would suit experienced operators who have previous catering experience or have worked in a similar environment.
Further details on www.ivyhousepub.co.uk

Accounting information will be made available to interested parties after viewing.

This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.

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.


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