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Gloucestershire

£700,000

Business rates & charges may apply

Guy Simmonds Business Transfers Limited, National Licensed Property
SECTOR
Pub for sale

Property description

Tenure: Freehold

Ref 8139 FREEHOLD

HIGH TURNOVER AND PROFITABLE WET LED FREEHOLD INN & SEPARATE NIGHTCLUB OCCUPYING A CENTRAL POSITION WITHIN THE DESIRABLE COTSWOLD MARKET TOWN OF STROUD IN GLOUCESTERSHIRE


* Located on a good size plot within the heart of this desirable Cotswolds Market Town.
* Spacious Open Plan Public Bar (circa 100+) with large bar servery, pool table, darts throw, flagstone floors, feature fireplace, beams and stage area.
* First Floor Restaurant/Function Room (circa 50).
* Detached Late Night Venue/Nightclub, ideal for functions and meetings during the week.
* 2 Bed Owners Accommodation.
* Lovely Patio Courtyard Area (circa 50).
* Potential for Commercial Catering Kitchen.
* Advised turnover circa £621,968 (incl. VAT) year end 01/18, based on a 100% wet trade basis with potential to introduce catering.


VERY BUSY TOWN CENTRE INN AND LATE NIGHT VENUE OFFERING FURTHER SCOPE TO INTRODUCE FOOD

LOCATION
This successful and thriving business is centrally located within the popular Cotswold Market Town of Stroud.
Stroud sits in the centre of Gloucestershire below the western escarpment of the Cotswold Hills at the meeting point of the Five Valleys. The Cotswold Area of Outstanding Natural Beauty surrounds the town and the Cotswold Way path passes through. It lies 10 miles south of the city of Gloucester, 14 miles south of Cheltenham and 13 miles from Cirencester.
The town is renowned for its culture and its steep historic streets along with being surrounded by lovely villages and historic buildings.
Stroud offers a good range of independent and national shops and supermarkets along with a range of amenities including good schooling.

THE PROPERTY
This Freehold property is built of brick construction under various pitched tiled roofs and benefits from a prominent corner position in the heart of this Gloucestershire town.

The Public Bar/Lounge Bar (circa 100+) is an open plan bar area offering a mix of flagstone and wood floors, large bar servery area, stage area, beamed ceilings, feature fireplace, pool table and darts throw.
This room is home to 5 darts teams and 2 pool teams along with regular live music events.

The 1st Floor Function Room/Restaurant (circa 50) is currently unused but would be a fantastic restaurant area or function room offering wood floors, bar servery and beamed ceilings.

The Detached Late Night Venue (circa 100+) is located across the courtyard and acts as a nightclub at weekends and a function venue during the week. This excellent area benefits from solid wood flooring, bar servery, DJ Booth, Stage with Lighting and W.C's.

Ladies & Gents W.C's x 2.

There is a space for a Commercial Catering Kitchen.

The Lower Ground Floor Cellar has a python system, beer drop and coolers.

OWNER'S ACCOMMODATION
Located on the 1st Floor and comprising of Two En-Suite Bedrooms, Lounge, Fully Fitted Kitchen-Diner, Office, Private Courtyard Garden and Garage.

EXTERNAL
This desirable property benefits from a Courtyard Patio Terrace Garden offering seating for approximately 50 customers.
There is an owners parking space.

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:

Sun - Thursday 10am - Midnight
Fri - Saturday 10am - 2am

Current opening hours are:

Mon - Thursday 10am - 11pm
Friday 10am - 1am
Saturday 10am - 2am
Sunday Midday - 11pm


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). The property offers all mains services along with being heated with gas central heating (no services tested). Business rates payable are advised as being £24,000 per annum payable.

THE BUSINESS
The current owners purchased the business 20 years ago and are offering this successful and thriving business to market due to retirement.
This extremely busy and profitable business has an enviable location in the heart of the town and although an already thriving business, it still offers further scope with the obvious introduction of food. The business is presented well and new operators will benefit from the considerable goodwill that our vendors have built over the past 20 years.

We are advised that accounts declare takings of circa £621,968 (incl. VAT) in the year end 01/18 on a 100% wet trade basis.

Accounting information will be made available to interested parties after viewing.

Viewing appointments must be made via Guy Simmonds.

Details Prepared: July 2019.

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

'EPC GRAPH''EPC GRAPH'

About Guy Simmonds Business Transfers Limited, National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

Guy Simmonds have been established for over 30 years specialising in the sale of quality Freehold and Leasehold Licensed businesses - including pubs, inns, restaurants and hotels.

Guy Simmonds are leading NATIONAL Licensed Property Agents and consequently offer for sale and lease quality lifestyle licensed businesses throughout the whole of England and Wales.

For those of you looking for a change of career and lifestyle, an inn/restaurant can offer an enviable and f

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Notes

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Disclaimer - Property reference 8139. 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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