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3 bedroom pub for sale

FLINTSHIRE; Mold; Cilcain

Sold STC £59,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

REFERENCE 8027 F/L

ATTRACTIVE AND PROFITABLE 17TH CENTURY NORTH WALES COUNTRY INN, AT THE HEART OF THE PICTURESQUE HISTORIC FLINTSHIRE VILLAGE OF CILCAIN, CLOSE TO MOLD AND THE ROMAN CITY OF CHESTER

Destination inn situated in lovely sought-after village with superb views in the North Wales Borderlands, close to the slopes of Moel Famau and Loggerheads Country Park in an area of Outstanding Natural Beauty.
Full of character Bar (circa 26) with 2 log burners.
Lovely Lounges (circa 50) with feature fireplaces and beamed ceilings.
Immaculate 3 bedroom owners' accommodation.
Patio Area surrounded by hanging baskets, Garden and Car Park (circa 12-14 cars).
Advised turnover of circa £213,374 (incl.VAT) year-end Oct 2016 - trade split is approx. 70% wet and 30% food.
Desirable 'Free of Tie' lease.
Freehold also available.

AN EXCELLENT OPPORTUNITY TO ACQUIRE A NEW FREE OF TIE LEASE OR FREEHOLD IN AN IDYLLIC LOCATION

LOCATION
This charming inn is situated in heart of the village of Cilcain in Flintshire in the North Wales Borderlands. It is close to the historic market town of Mold, and within easy reach of the historic Roman City of Chester, the beautiful Vale of Llangollen and the breathtaking Snowdonia. Cilcain is situated in an Area of Outstanding Natural Beauty and sits between the northern edge of the Clwydian Hill Range and the miles of sandy beaches along the North Wales Coast. Nearby are historic towns such as St Asaph, Denbigh and Ruthin with excellent shops and craft centres. Close-by is Prestatyn, whose Blue Flag beach provides miles of golden sand for bathing, watersports and fishing. There are a superb range of other local and national attractions including Loggerheads Country Park, Erddig Hall, Gardens & Country Park, Chester Racecourse, Bangor-on-Dee Racecourse, Valle Crucis Abbey and Llangollen's annual International Musical Eisteddfod.
This rural idyll attracts walkers, cyclists and day-trippers amidst the breathtaking scenery of the Clwydian Hill Range, as well as a core local market seeking top quality food in superb surroundings. The inn attracts walkers visiting the nearby Moel Famau, the highest hill in the range, and the famous Offa's Dyke Path walk.

THE PROPERTY
This lovely restaurant/inn is an attractive 2-storey property under a pitched slate roof. The building is thought to date back to the 17th Century. It has a rustic, homely charm with beams prevalent throughout, and is furnished to a high standard.
The Bar Area (circa 26) features a tiled floor, beamed ceiling, flat screen TV, darts throw and 2 log burners - 1 in a feature brick fireplace open to the adjoining Lounge. The room is furnished with light wood chairs, tables, pew seats and has access to the wooden Bar Server.
The Main Lounge (circa 20) is full of character and features a log burner and beamed ceiling, furnished with a mixture of high backed wooden chairs and dining tables. This leads through to a smaller Cosy Lounge (circa 8) also with a log burner and with access to a wooden Bar Server.
The Extension Lounge is split level with a tiled floor. There are circa 10 covers on the lower level - this is a cosy room furnished with a mixture of tub chairs and wooden dining chairs. There is further seating for approximately 12 provided on the upper level. These areas allow for a more cosy and private drinking/dining experience and can be used as an overspill to the main Lounge.
Ladies and Gents W.C.s.
There is a fully equipped Catering Kitchen (appliances not tested). There is a lower ground floor cellar.

OWNER'S ACCOMMODATION
The owners' accommodation is immaculate and briefly comprises of 3 large double bedrooms (one en-suite), family shower room, large lounge, office (with CCTV system), and fitted kitchen with dining area and private roof terrace.

EXTERNAL
To the front of the building is a seating area with bistro style tables and chairs. There is a car park for circa 12-14 cars to the rear and a lovely garden to the side.
There is a coal shed, storage shed and bottle 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:
Sunday - Saturday 11am to 11pm
Current opening hours are:
Monday 6pm to 11pm
Tues - Fri 12noon to 3pm
6pm to 11pm
Saturday 12noon to 11pm
Sunday 12noon to 10.30pm
Food is served:
Mon 6.30pm to 9pm
Tues - Sat 12noon to 2.15pm
6.30pm to 9pm
Sunday 12noon to 2.15pm
6.30pm to 8.30pm
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 property and business is being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 10-15 year Private FRI Lease Agreement as follows:
1. The asking premium will be £59,000.
2. The initial annual rent will be £30,000
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
8. Our vendors would be open to offering an 'option to purchase' to any lessee at an agreed figure.

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 mains electricity, water and sewerage with oil-fired central heating and LPG gas for cooking (no services seen or tested). Business rates payable are advised as being circa £3,000 per annum.

THE BUSINESS
The current owners purchased the business over 40 years ago and have built up an excellent reputation offering high quality food and drinks including real ales in superb surroundings. As well as being a quality destination venue, trade is also derived from a mixture of local people, walkers and cyclists. The current owners wish to sell the business to enjoy a well-earned retirement. This business has provided them with an enjoyable lifestyle and a lovely place to live.
We are advised that accounts declare takings of circa £213,374 (incl. Vat) in the year ending October 2016 with a gross profit of close to 65%. We are advised that the reconstituted net profit is in the region of £66,000 from the freehold business.
In our opinion, there is still plenty of scope for new enthusiastic operators to increase upon the sales by extending both the opening hours during the week, the times that food is available and also by embarking upon an intensive marketing campaign. Serving food all day at the weekends and introducing 'Sunday Lunches' should greatly increase turnover. The current owners do not allow children in the pub which also restricts some trade.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Helen Russell who would be delighted to discuss further details and can be contacted on 07968 376590.
Viewing appointments must be made by contacting Guy Simmonds.
Details Prepared: January 2018

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.




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