4 bedroom pub for sale

HAMPSHIRE

£65,000

Property Description

Full description

Tenure: Leasehold

REF: 7944 LEASEHOLD

AN EXCEPTIONAL 19th CENTURY WET LED COMMUNITY INN WITH 3 LETTING BEDROOMS BEING 3 STAR AA RATED STRATEGICALLY LOCATED IN THE HIGHLY SOUGHT AFTER TOWN OF FARNBOROUGH, HAMPSHIRE


Traditional 19th century community inn located in the prime location of Farnborough.

Good sized welcoming and traditional horse-shoe shaped main Public Bar (circa 60+).

3 Superb En-Suite Letting Bedrooms - 3 Star AA Rated.

1 Bedroomed Owner's Accommodation.

Refurbished and modernised throughout with no expense spared and retaining a wonderful welcoming and traditional feel.

Equipped Commercial Catering Kitchen.

Advised turnover for YE March 2016 circa £444,000 (incl. VAT). Current sales consistent with 2016.

Trade split circa 80% wet, 5% food and 15% accommodation.

Undoubted potential for specialist catering operators.

Long Lease - Punch Taverns partially tied renewable lease with approximately 16 years remaining.

A GOLDEN OPPORTUNITY TO ACQUIRE A SUCCESSFUL AND WELL ESTABLISHED BUSINESS AND HOME OFFERING IMMENSE GROWTH POTENTIAL
LOCATION
This versatile and well established business is situated in the historic town of Farnborough, Hampshire and can be easily reached from junction 4a of the M3 motorway with easy access to the M3, A3, M25, M23, M40 and M1 making this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick.

This delightful community inn is located close to Aldershot and Farnham, making this popular inn ideally situated to draw trade from Farnborough itself and also the nearby surrounding towns and villages and has an excellent level of repeat trade and is also well serviced by local schools, shops and amenities. A compelling trade opportunity.

THE PROPERTY
This substantial and attractive 19th century inn occupies an excellent trading position in this bustling town.

Two main entrances at the front leading into the Public Bar.

Public Bar (circa 60+) being horse-shaped is a good sized room and exudes an inviting and traditional ambience having a feature central return bar servery with a solid polished oak counter and a matching back fitting with shelving and refrigerated bottle coolers (not tested), which is complemented by a good range of solid polished tables, upholstered chairs, upholstered bar stools, upholstered bar chairs and comfortable leather sofas.
There is also a pool table with lighting over, a darts throw and a digital jukebox. Access to the decked Terrace.

Catering facilities include an equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a wash-up room.

Lower Ground Floor Cellar with dray drop, pumps, python, cooler and bottle store.

Ladies and Gents W.C.'s.

LETTING ACCOMMODATION
Situated on the 1st floor, being of a good size and briefly comprises: 3 bedrooms - all with en-suite facilities, TV and tea/coffee making facilities. There is also a laundry room/bedroom.

OWNER'S ACCOMMODATION
Situated on the 1st floor; being self-contained and briefly comprises: 1 bedroom and a shower room.

EXTERNAL
There is a good sized lawned Beer Garden (circa 100) with timber picnic benches. There is also a paved patio area leading up to the covered decked terrace with tables and chairs.
Patron's car parking facilities for circa 20 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:
Sunday - Thursday - 10.00am - Midnight
Friday & Saturday - 11.00am - 01.00am

The current opening hours are as follows:
Monday - Thursday - 11.00am - Midnight
Friday & Saturday - 11.00am - 01.00am
Sunday - Midday - 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 16 years remaining of the Punch Taverns full repairing and insuring, renewable agreement.
We are advised that the inn is partially tied to draught beers, bottled beers, ciders and soft drinks.
We are informed that the rent is currently £29,400 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 £10,300 per annum.

THE BUSINESS
Our vendor client operates this excellent business on a full time basis with the assistance of 1 full time and 6 part time members of staff.

The trade is currently derived from circa 80% wet, 15% accommodation and 5% food sales.

Whilst emulating the current business model there is still immense potential for a new hands-on owner operator partnership to take this business to the next level by exploiting the obvious food potential and also focussing on a strategic marketing campaign to promote the business for private parties and wakes etc, for which there is huge demand for within the locale.

This is an extremely rare and outstanding opportunity for those seeking a lifestyle change or even an alternative career from the fast pace of London or even as an additional income stream whilst commuting.

Advised turnover for Y/E March 2016 circa £444,000 (incl. VAT).
This impressive community 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 £500,000 (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)

Nearest stations

  • Farnborough (0.3 mi)
  • Farnborough North (0.9 mi)
  • Frimley (1.5 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

  • Farnborough (0.3 mi)
  • Farnborough North (0.9 mi)
  • Frimley (1.5 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 7944. 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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