4 bedroom pub for saleSOMERSET
Ref 7977 LEASEHOLD
HISTORIC INN FOR SALE IN THE CHARMING SOMERSET VILLAGE OF CROSS, NESTLING IN THE MENDIPS, OFFERED ON A PRIVATE, FREE OF TIE LEASE - RETIREMENT SALE.
Scenic location off A38 near Axbridge. In an unspoilt area of natural beauty within close proximity of Cheddar Gorge & Caves & Bristol Airport is 8 miles away.
17th Century property with Main Bar, Sports Bars & Skittle Alley.
Trade Gardens, Large Paddock. Good sized Car Park.
Owner's extensive 4-bedroomed accommodation.
Potential for 2 Letting Rooms (STTP).
New 20 year lease agreement may be available for incoming lessee.
Current trade is all wet. Advised annual sales £105,000 (inc VAT).
Huge scope to extend trading hours, introduce catering and create guest rooms.
LIFESTYLE AND INTRIGUING BUSINESS OPPORTUNITY IN A CAPTIVATING WEST COUNTRY LOCATION
With its scenic Mendip Hills backdrop, this former coaching inn is sited in the delightful, affluent village of Cross near medieval Axbridge. In its unspoilt AONB (area of outstanding natural beauty), Cross is part of the wider parish of the adjacent village of Compton Bishop the environs of which are noted for their 13 miles of paths and bridleways into the Mendips. Tourism plays a large part in local life and the inn, sited just off the relentlessly busy A38 (Cornwall - Derbyshire) and a short drive to equally hectic Bristol Airport (8 miles), is ideally situated for visitor patronage. Also within short travel distance is the seaside at Weston (7 miles), the famed Cheddar (3 miles) scenario and the lovely city of Wells (12 miles). All in all, a captivating location in which to reside and do business.
This historic, former coaching inn is thought to have been trading since the early 17th century. In its coaching heyday it included the structures of its adjacent terraced cottages. Not so all-embracing now, it is a cosy, traditional, country hostelry of two-level stone construction with rendered, washed elevations under pitched, tiled roofing. The front of the inn is Grade 2 listed. Tuscan columns adorn the main entrance with an internal porch leading into the Main and Sports Bars. The Main Bar, cheering, carpeted and traditionally furnished, features exposed stone walls and a beamed ceiling and is highlighted by a nicely crafted servery. About 20 potential covers should catering be considered. Ladies' W/C and kitchen off this room. Steps through to the Sports Bar with impressive open fireplace and featuring pool table, darts throw, TV, juke box and machines. Gents' W/C off steps to this room.
Upstairs is the Skittle Alley which doubles as a local band rehearsal and gig room (live performances 4 times annually - very popular!)
The service areas comprise office/bottle store, a full height, ground level beer cellar and a part-equipped galley style kitchen (no equipment tested). Adjoining the kitchen is a former snug room then subsequently a kitchen prep room. Both kitchen and prep room would be ideal should catering be re-introduced.
At first floor level, with both internal and external access, this is extensive. It comprises 4 double bedrooms, a lounge, bathroom and 2 W/c's. One bedroom was formerly a domestic kitchen - this could easily be reintroduced if required.
None at present but there is scope to create at least two guest rooms here (subject to any necessary planning consents). With its proximity to the airport and only thirty miles to the massive construction project at Hinkley Point, there is always the possibility of long term block bookings for airline staff/contractors.
Across the road at the front of the building is a verge with picnic tables and, behind, a large car park. To the rear of the inn is a covered smoking are, a patio with tables and steps up to a small, grassed trade garden. Further steps up to a large, wild paddock which (if tamed) could welcome a family horse or even functions.
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 - Thur 12noon - Midnight
Fri & Sat 12noon - 1.00 am
Sunday 12noon - 11.30pm
Current opening hours are:
Mon - Sat 4.00pm to 11.00pm
Sunday 2.00pm to 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 3 years remaining of a private, renewable agreement. We are advised that the inn is free of tie for wines, spirits, soft drinks and alcopops. We are informed that the rent is currently £21,650 per annum. We are advised that the inn benefits from mains services (no services seen or tested).
Business rates payable are advised as currently being nil benefitting from the Small Business Rate Relief legislation.
This is an unusual and somewhat informal lease agreement. There are 3 years left on the current lease where the landlord carries out all repairs and there are no rent reviews. We are advised that a new, 20 year, lease may be made available for appropriate new lessees.
The current lessees, in situ for 12 years, wish to retire. There are no formal accounts but we are advised that annual sales, all wet, have averaged circa £105,000 with annual profits circa £30,000. However, food was offered some 8 years ago and the sales increased near to the £200,000 mark.
The scope for growth is clear. Full time trading, catering (even simple pub fare) and, possibly, guest room facilities will significantly enhance revenues. Alternatively, there is ample accommodation for extended family/partnership owners.
This is a beguiling opportunity - beautiful location, non-penal lease, supportive landlord and immense scope for growth.
This business was viewed by Frank Mackwood who would be delighted to discuss further details and can be contacted on 07803 049 291.
Viewing appointments must be made by contacting Guy Simmonds.
Details prepared August 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.
Energy Performance Certificates (EPCs)
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