4 bedroom pub for sale

ESSEX

£99,950

Property Description

Full description

Tenure: Leasehold

Ref 8014 LEASEHOLD


AN EXQUISITE AND TRADITIONAL 19th CENTURY GRADE II LISTED ENGLISH COUNTRY INN SITUATED IN THE HIGHLY DESIRABLE AND SOUGHT AFTER VILLAGE OF LITTLE CANFIELD, ESSEX (NEAR STANSTED AIRPORT) )

Available for the 1st time in 17 years.

Inviting and traditional Lounge Bar (circa 50), Versatile Restaurant (circa 50 covers) and a multi-functional Conservatory Restaurant (circa 30+ covers).

Wealth of charm and character with exposed beams and timber pillars. Presented in excellent decorative order throughout.

Impressive 3/4 bedroomed owners' accommodation.

Fully equipped Commercial Catering Kitchen.

Beer Garden, Patio and good sized Car Park.

Advised current turnover circa £520,000 (incl. VAT).

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

Greene King 'part tied' renewable lease with approximately 12 years remaining.


AN AMAZING OPPORTUNITY TO ACQUIRE THIS EXTREMELY WELL ESTABLISHED AND SUCCESSFUL BUSINESS AND FAMILY HOME OFFERING TREMENDOUS POTENTIAL

LOCATION
This wonderfully presented traditional inn is situated in the highly sought after location of Little Canfield (5 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. Little Canfield 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 Stansted Airport itself and also the nearby surrounding towns and villages (and plus the ongoing and future residential housing developments) which provide an excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY
This highly impressive 19th century inn occupies an easy accessible main road trading position.
There are 2 entrances at the front leading into the Lounge Bar and the Restaurant.
Lounge Bar (circa 50) being a lovely traditional room exuding a welcoming ambience, having a feature long central return bar servery with a solid polished oak counter and a matching back fitting with trade optics and refrigerated bottle coolers (not tested) which is complemented with a good range of loose polished tables, upholstered mini stools, upholstered pew style seating and bar chairs. Adding to the charm and character of this room are the feature brick built inglenook fireplace with an inset log effect gas fire, the beamed ceiling, timber pillars, part panelled walls and an additional central brick fireplace with an inset coal effect gas fire. Access to the Restaurant.
Restaurant (circa 50 covers) set within 3 delightful dining areas, providing a relaxing and intimate dining atmosphere and is extremely well furnished with an excellent range of solid polished tables and a mix of upholstered chairs. The room has part solid oak flooring, beamed ceilings, timber pillars and 2 lovely coal effect gas fires adding to the charm and character of the room. Access to the Conservatory Restaurant.
Conservatory Restaurant (circa 30+ covers) is a multi-functional room being well furnished with solid polished tables and upholstered chairs. There is a lovely vaulted ceiling and exposed brickwork adding to the charm of this versatile room. Access to the Beer Garden.
Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a wash up area, prep room and a walk-in chiller.
Lower Ground Floor Cellar with delivery access, pumps, python, barrel thrall, tilt racks and cooler.
Ladies, Gents and Disabled W.C.'s

OWNER'S ACCOMMODATION
Being situated on the 1st floor, offering good sized rooms and briefly comprises: 3/4 bedrooms, lounge, kitchen, office/bedroom and bathroom.

EXTERNAL
There is a good sized lawned Beer Garden at the rear with timber benches and also a paved patio area. There is also a covered designated smoking area and a timber storage shed. Patron's parking facilities for circa 50 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 - Sunday - 11.00am - 01.00am

The current opening hours are as follows:
Monday - Thursday, Saturday & Sunday - 11.00am - 11.00pm
Friday - 11.00am - Midnight

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 12 years remaining of the Greene King full repairing and insuring, renewable agreement. We are advised that the inn is partially tied to draught beers, bottled beers and ciders ONLY. We are informed that the rent is currently £41,000 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 and uses gas fired heating (no services seen or tested). Business rates payable are advised as currently being circa £15,000 per annum.

THE BUSINESS
Our vendor client operates this excellent business on a 'part time' basis with the assistance of 2 full time and 10/12 part time members of staff. Trade is currently derived from circa 40% wet and 60% food sales. Whilst emulating the current and highly successful business model; there is still tremendous scope for a new full time 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 food and functions potential that is to be found here. 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. Advised current turnover is circa £520,000 (incl. VAT).
This delightful inn is a 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 £600,000 (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

Details Prepared: November 2017

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.



Nearest stations

  • Stansted Airport (2.0 mi)
  • Elsenham (4.6 mi)
  • Stansted Mountfitchet (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stansted Airport (2.0 mi)
  • Elsenham (4.6 mi)
  • Stansted Mountfitchet (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 8014. 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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