4 bedroom pub for saleLONDON
AN EXCEPTIONAL AND IMPOSING TRADITIONAL 20th CENTURY AWARD WINNING INN SITUATED IN THE HIGHLY DESIRABLE AND AFFLUENT EAST LONDON SUBURB OF CHINGFORD
Substantial inn situated in the highly sought after prime location of Chingford.
Welcoming Lounge Bar (circa 40+), Inviting Public Bar (circa 30), Versatile Dining Area (circa 35+ covers) and a good sized Function Room (circa 50).
Presented in excellent decorative order throughout.
Impressive 4 bedroomed family accommodation.
Fully equipped Commercial Catering Kitchen.
Good sized Car Park (circa 30+ cars).
Advised turnover circa £500,000+ (incl. VAT).
Trade split circa 80% wet and 20% food. Undoubted potential for catering oriented operators.
LONG LEASE - Star Pubs and Bars 'partially tied' renewable lease with approximately 17½ years remaining.
AN EXTREMELY RARE AND COMPELLING OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED AND HIGHLY SUCCESSFUL LIFESTYLE BUSINESS AND FAMILY HOME OFFERING TREMENDOUS GROWTH POTENTIAL
This superb business is situated in the highly desirable and densely populated East London suburb of Chingford and can be easily reached from junction 26 of the M25 circular. Situated within the commuter belt being approximately ONLY 10 miles from the capital city of London and also having excellent road communications providing easy access to the M25, M4, M40, M11, A1(M) and M1 motorways making this superb location an excellent strategic commuter area for the major motorways and the major international airports of Heathrow, Gatwick, Stansted and Luton. The inn draws an excellent level of local trade from Chingford itself with its first class reputation and customer service that 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. A truly compelling business opportunity.
This highly desirable and imposing inn is an attractive and substantial detached property occupying an excellent main road trading position.
Two main entrances at the front leading into the Lounge Bar and Function Room.
Lounge Bar (circa 40+) is a welcoming and traditional room exuding a lovely relaxing ambience having a feature central return bar servery with a solid polished counter, a matching back fitting with trade optics and bottle coolers (not tested). The room is well furnished with loose polished tables, upholstered chairs, upholstered perimeter seating and upholstered bar stools. Access to the Public Bar and the Dining Area.
Dining Area (circa 35+ covers) is a versatile area exuding a lovely dining ambience and is well furnished with a good range of loose polished tables, upholstered chairs and upholstered perimeter seating.
Public Bar (circa 30) having a central return bar servery with a solid polished counter, a matching back fitting with trade optics and bottle coolers (not tested). The room is furnished with loose polished tables and upholstered chairs. Access to the Function Room.
Function Room (circa 50) is a good sized room ideal for wakes and private functions etc. There is a return bar servery counter and the room is furnished with tables and upholstered chairs. Access to its own W.C's.
Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is a wash up area and a prep room.
Lower Ground Floor Cellar with dray drop, pumps, pythons x3, post mix, tilt racks and cooler.
Ladies and Gents W.C's x2 sets
Situated on the 1st floor, offering good sized rooms presented in good decorative order and briefly comprises: 4 bedrooms, lounge, office, utility room and 2 bathrooms.
There is a drinking/seating area (circa 50) at the front with timber picnic benches and tables and chairs. Patron's parking facilities with lined spaces for circa 32 cars. There is also an enclosed private courtyard at the rear with a walk-in chiller and 2 brick built storage units.
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 - 11.00am - Midnight
Sunday - Midday - Midnight
The current opening hours are as follows:
Monday - Thursday - 11.00am - 11.00pm
Friday - 11.00am - Midnight
Saturday - Midday - Midnight
Sunday - Midday - 11.00pm
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 17½ years remaining of the original Star Pubs and Bars full repairing and insuring, renewable agreement. We are advised that the inn is part tied to draught and bottle beers, ciders and soft drinks. We are informed that the rent is currently circa £38,000 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 are advised as currently being circa £17,892 per annum.
Our vendor client operates this excellent business as a 'sole trader' on a full time basis with the assistance of 3 full time and 5 part time members of staff.
Trade is currently derived from circa 80% wet and 20% food sales, thereby providing tremendous scope for a new hands-on owner operator partnership with previous experience of running a food orientated operation to emulate the current successful business model yet at the same time to exploit the food and functions potential that is to be found here.
This is an incredible 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 sales circa £500,000+ (incl. VAT). This delightful inn is an extremely well-established and highly successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed partnership 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.
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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