3 bedroom pub for saleWEST SUSSEX
Ref 7974 LEASEHOLD
IMPRESSIVE AND THRIVING 18th CENTURY TRADITIONAL COUNTRY PUB OFFERED ON A HIGHLY DESIRABLE FREE OF TIE LEASE NESTLED IN THE DELIGHTFUL PARISH VILLAGE OF CHIDHAM, WEST SUSSEX
Substantial and attractive village pub located in the highly desirable village of Chidham.
Welcoming and traditional Public Bar (circa 50) and a multi-functional Restaurant (circa 22+ covers).
Highly impressive 2/3 bedroomed owners' accommodation.
Presented in excellent decorative order having been refurbished and modernised throughout yet retaining a wealth of charm and character.
Fully equipped Commercial Catering Kitchen.
Good sized lawned Beer Garden and a courtyard terrace. Patrons' Car Park for circa 15+ cars.
Advised current turnover circa £785,000 (incl. VAT).
Trade split circa 40% wet and 60% food. Immense potential for catering/functions orientated operators.
Long Lease - Punch Taverns FREE OF TIE renewable lease with circa 14½ years remaining
AN EXTREMELY RARE OPPORTUNITY TO PROCURE A THRIVING AND HIGHLY SUCCESSFUL LIFESTYLE BUSINESS OFFERING TREMENDOUS GROWTH POTENTIAL
This outstanding business is situated in the highly desirable country village of Chidham (close to the Cathedral City of Chichester), in the beautiful county of West Sussex and can be easily reached from the A27. Situated within the M23/A3 corridor having excellent road communications providing easy access to the M23, M25, M27 and M3 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow.
The Chidham is also within the catchment area of many affluent villages and towns in addition to being situated close to Chichester, Littlehampton and Havant and also numerous coastal resorts including Worthing, Brighton and Portsmouth and is also approximately only 10 miles from the Goodwood Racecourse making this superb inn ideally situated to attract trade from these nearby surrounding towns and villages. An enviable place to reside and a compelling trade opportunity.
This substantial and impressive inn occupies an excellent prominent and easy accessible trading position.
Main entrance at the front leading into the Public Bar.
Public Bar (circa 50) is a good sized inviting room exuding a wonderful welcoming and traditional ambience; having a feature central solid oak return bar servery with a solid polished oak counter having a matching back fitting with trade optics and refrigerated bottle coolers (not tested).
The room is well furnished with an excellent range of solid oak tables, chairs, upholstered perimeter seating and bar stools. Adding to the charm and character of the room is the feature log burner fireplace, the beamed ceiling and the beamed walls. Access to the Restaurant and Beer Garden.
Restaurant (circa 22+ covers) is a versatile and multi-functional room, ideal for private parties and wakes etc and exudes a delightful relaxing and cosy dining ambience and is well furnished with an excellent range of solid oak tables and a mix of chairs. Adding to charm of the room is the beamed ceiling.
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, tilt racks, post mix and cooler.
Ladies and Gents W.C's
Situated on the 1st and 2nd floors, offering good sized rooms, presented in excellent decorative order and briefly comprises: 2/3 bedrooms (ensuite bathroom to main bedroom), lounge/kitchen, utility room, office/bedroom.
There are also 2 additional rooms on the 2nd floor which could be utilised as an additional 2 bedrooms or a lounge and bedroom if so desired.
There is a good sized lawned Beer Garden (circa 50) at the rear and is well furnished with timber garden furniture and a delightful paved Terrace with lovely wrought iron tables and chairs. There is also a paved patio area at the front with timber tables and chairs. Patrons' car parking facilities for circa 15+ cars. There is also a single storey dry goods/fridge and freezer store.
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 - 10.30pm
The current opening hours are as follows:
Monday - Sunday - 10.30am - 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 14½ years remaining of the Punch Taverns full repairing and insuring, renewable agreement. We are advised that the inn is 'FREE OF TIE'. We are informed that the rent is currently circa £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 and uses gas fired central heating (no services seen or tested). Business rates TBA.
Our vendor clients operate this excellent business as a 'husband and wife' team on a 'hands-off' and a 'full time' basis respectively with the assistance of 9 full time and 9 part time members of staff. Trade is currently derived from circa 40% wet sales and 60% food sales. Whilst emulating the current business model; there is still immense potential 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 obvious 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 sales are circa £785,000 (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 fully focussed and fully committed operators to achieve a turnover well in excess of £850,000 (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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