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The Well Inn, Shepton Mallet

Leasehold
£69,950

Business rates & charges may apply

STONESMITH, Exeter
SIZE

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SECTOR

18 bedroom hotel for sale

Key features

  • Extremely Well Presented Free Of Tie Landmark Inn
  • Completely Refurbished With 16 Ensuite Letting Bedrooms
  • Impressive Open Plan Bar & Restaurant (82+)
  • Substantial Turnover With Strong Net Profit
  • Accommodation Led With Genuine Potential
  • Internal Viewing Essential To Fully Appreciate

Description

THE PROPERTY
The Well Inn is a substantial, and spacious detached destination inn, which occupies a prominent trading position, adjacent to the A37/A371 main roads. This 17th Century coaching inn has recently undergone an extensive programme of refurbishment and improvement by our client, in the last 3 years, creating a superior trading environment with exceptionally well-furnished public areas and impressive ensuite letting bedrooms. This well regarded inn briefly comprises; a substantial and impressive Open Plan Bar and Restaurant with a Central Bar Servery and comfortably seating 82+ customers, well equipped Commercial Catering Kitchen with extensive ancillary facilities, 16 individual Ensuite Letting Bedrooms/Suites with potential for more, and an Owner's/Managers Apartment with Sitting Room, Kitchen, Bathroom and a Double Bedroom. Externally, the property has Outside Seating for 30+ customers and Customer Car Parking for 20+ vehicles. The Well Inn is a well presented, high turnover, destination inn and an internal viewing is essential to fully appreciate all that this impressive and profitable business has to offer. Please note, the exterior of the property will be painted by our client, prior to a sale.

SITUATION
The Well Inn occupies a prominent landmark trading position adjacent to the A37/A371 main roads, on the Southern outskirts of Shepton Mallet. The historic market town of Shepton Mallet has a population of over 10,500 and is within the Mendip District of Somerset. It lies approximately 5 miles east of the Cathedral City of Wells and the Cities of Bath and Bristol are both located approximately 18 miles away. Shepton Mallet is home to good state schools, both primary and secondary, along with many highly regarded independent schools within easy reach such as Wells Cathedral School, Downside School, All Hallows Prep School and Millfield School. The Well Inn is situated close to the Bath & West Showground and also offers easy access to Glastonbury, Cheddar Gorge, the Mendip Hills and Longleat.

INTERNAL DETAILS
Main customer entrance door with entrance porch, accessed from the car park and trade garden and leading to Reception Area with Office and stairs to the upper floors. Through into the extremely spacious and impressive Open Plan Bar and Restaurant an attractive modern contemporary space with a Lounge Bar Area fitted with high quality fixtures and fittings including, wood effect flooring, feature lighting, wall mounted large screen colour television, wall mounted menu board, range of quality solid wood topped tables, faux leather high backed chairs, comfortable sofas and high stools comfortably seating 32 customers plus adequate standing room. Timber fronted and topped Substantial Central Bar Servery fitted with associated back bar fittings and extensive display shelving, with non-slip flooring, 2 double glass fronted bottle fridges, a triple glass fronted bottle fridge, glasswasher, EPOS touch screen till system with printer link to the kitchen (leased). Restaurant Area a continuation in style and theme with wood effect flooring, feature lighting, feature lit original well with glass safety cover over, commercial coffee machine, filter coffee machine, range of quality solid wood topped tables and faux leather high backed chairs comfortably seating 50+ customers. This room can be subdivided for private parties/meetings. Ladies and Gents WC's. Back Office/Storeroom. Commercial Catering Kitchen with tiled flooring and part stainless steel and part wipe clean clad walls, being fitted with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopies and gas interlock system, 6 burner gas range, eye level grill, chargrill, commercial microwave oven, Rational combi oven, twin floor standing deep fat fryer, twin floor standing pasta cooker, 3 door under counter commercial fridge unit, refrigerated saladette counter, warming cabinet with warming lamps over, stainless steel work benches. Wash Up/Preparation Area with tiled flooring and wipe clean clad walls, commercial dishwasher, stainless steel deep bowl sink unit, stainless steel work benches, stainless steel shelving, 3 door under counter commercial fridge unit, microwave oven, Walk In Fridge. Dry Goods Store. Beer Cellar temperature controlled with racked shelving. Freezer Store with 2 chest freezers, potato rumbler, stainless steel sink unit, hand basin and racked shelving. Laundry Room/Storeroom with upright commercial freezer, ice machine, washing machine and tumble dryer.

LETTING ACCOMMODATION
The business offers 16 Well-Appointed Ensuite Letting Bedrooms all of which have been refurbished in the last 2 years. Situated on the first and second floors of the property, the rooms are equipped with remote control colour televisions and hospitality trays and briefly comprise: - 2 King Size Double Suites, 2 Family Rooms, 4 King Size Double Rooms, 3 Double Rooms and 5 Single Rooms. There is also a large former bedroom with an ensuite bathroom on the third floor which could be refurbished to create an additional letting suite, if so desired.

OWNERS/MANAGERS ACCOMMODATION
Situated on the second floor is a spacious apartment which briefly comprises: - Sitting Room with aspect to the rear. Kitchen with a range of base kitchen units and complementary worksurfaces. Bathroom a modern white suite with a bath and a separate shower cubicle. Double Bedroom with aspect to the rear.

EXTERNAL DETAILS
The Well Inn is a substantial and imposing detached inn which benefits from a Customer Car Park to the side with space for 20+ vehicles. Also to the side of the inn is a Beer Garden Area with artificial grass, feature pond, smoking shelter and bench seating for 30+ customers. Bin Store Area. Covered Store Area.

THE BUSINESS
The Well Inn is a substantial inn with letting rooms which has been extensively refurbished by our client in the last 3 years and is therefore extremely well presented throughout. The business occupies an enviable and prominent landmark trading position fronting the A37/A371 main roads, which brings passing trade, year-round. The business boasts a strong year-round trade, with the letting rooms attracting commercial travellers and contractors working in the area during the week and tourists and visitors to the area at the weekends. The numerous year round shows and events which the busy Bath & West Showground hosts, also boost trade levels, as does the Glastonbury Festival, together with other local events and attractions. The business has seen continual year on year growth during our client's ownership and The Well Inn is a high turnover business, with the majority of the trade being derived from the popular letting bedrooms. The business has been awarded a Travellers' Choice Award by Tripadvisor and benefits from its own website which provides further background information. The sale of The Well Inn represents an excellent opportunity to purchase an accommodation led Free of Tie inn, with a substantial turnover and strong profits and which still offers genuine potential to develop all aspects of the business and the property and for further growth in trade levels and profits. A formal viewing is essential in order to fully appreciate all that this most profitable business has to offer.

TRADING INFORMATION
Management accounts provided by our client for the year ending 1st September 2022 show sales of £496,856 including VAT. The split of trade is 52% accommodation, 25% wet sales and 23% food and function sales. Trading information can be made available to interested parties following a formal viewing appointment.

CURRENT STAFFING
The business is currently run under management with a full-time manager and various full and part-time members of staff, together with casual members of staff as trade levels dictate.

EPC
Requested and to be confirmed.

PRICE & TENURE
£69,950 for the valuable FREE OF TIE interest as a going concern business and full trade inventory. The business is offered by way of a new 20-year sublease on a full repairing and insuring basis. A proposed guide rent is £60,000 per annum. Detailed terms to be agreed, please contact us for more information.

Brochures

The Well Inn, Shepton Mallet

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bruton Station5.8 miles

About STONESMITH, Exeter

Suite B, Castle View Barns, Woodmanton, Exeter, Devon EX5 1HQ

Stonesmith are a leading business transfer agent specialising in pubs for sale, hotels for sale, catering businesses for sale and leisure and hospitality businesses for sale in the Westcountry / South West including Devon, Cornwall, Dorset and Somerset.

Our team has over 75 years combined experience in dealing in the sale and acquisition of licensed, leisure and hospitality properties, and businesses throughout the Westcountry / South West.

Contact us for a free, no obligation con

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