18th Century Village Inn In Sought After Location Of Wheathampstead For Sale

Business description

A TRADITIONAL 18TH CENTURY VILLAGE INN SITUATED WITHIN THE AFFLUENT AND HIGHLY SOUGHT AFTER LOCATION OF WHEATHAMPSTEAD, HERTFORDSHIRE




Prominent and attractive 18th century property situated in the highly desirable location of Wheathampstead.
Traditional Main Lounge Bar (70+) with real open fires, exposed brick walling and beamed ceiling. Atmospheric Pool Room (10+).
Highly impressive 4 bedroom owners' accommodation.
Fully equipped Commercial Catering Kitchen.
9 years remaining on renewable Punch Taverns lease.
Current sales circa £275,000 (incl.).
80% wet and 20% food.
Currently run under management.
Massive potential for fully focussed enthusiastic hands-on owner operators.


TRULY UNIQUE OPPORTUNITY TO PURCHASE THIS WELL ESTABLISHED BUSINESS AND HOME WITH A SUPERB QUALITY OF LIFE IN THIS EXTREMELY ENVIABLE LOCALE.


ASKING PRICE £95,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This charming traditional village inn is situated in the highly desirable and affluent location of Wheathampstead, Hertfordshire. This delightful inn is blessed with being located in such a wondrous and stunning locale, twixt Welwyn Garden City and Harpenden offering an enviable lifestyle and can be easily reached from either junction 10 of the M1 or junction 4 of the A1(M). This superb village inn is ideally situated for the thousands of walkers and hikers coming to this historic and popular area. Being situated just north of London makes this beautiful location an excellent commuter area with easy access to the A1(M), the M25 circular, the M11 and M1 motorways and the major international airports of Luton, Stanstead and Heathrow. This charming and characterful inn is situated in this affluent and highly sought after location and is well serviced by local schools, shops and amenities. Being a popular venue for local and commercial trade and also experiencing excellent levels repeat trade especially from visitors coming from afar to this historic location. The Inn also attracts a desirable clientele emanating from the affluent nearby villages and larger catchment areas, in addition to the loyal local customer base.

THE PROPERTY

This substantial village inn is an attractive and highly impressive 2-storey detached property of brick construction under a pitched, slate and tiled roof occupying a superb prominent main road position.



Main entrance at the front leads into the entrance hall with access into the Pool Room and Main Lounge Bar.

Main Lounge Bar (70) being L-shaped is a good sized warm and inviting traditional room exuding a wonderful ambience throughout. Having a feature return bar servery with a solid polished counter and a matching back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which are complimented by the fixed upholstered perimeter seating with a mix of loose polished tables and a mix of upholstered chairs. Adding a warm and inviting aspect to the charm of this lounge bar are the 3 feature brick built open fireplaces (of which 2 currently have inset electric fires) and the lovely exposed brick walling, beamed ceiling and beamed walls. There are also AWP's x2, a games machine, TV's x2 and a darts throw. Access to the W.C's and Pool Room.



Pool Room (10+) is a good sized atmospheric room having a pool table with lighting over, loose polished tables and an upholstered settle.

Ladies and Gents W.C's.

Lower Ground Floor Cellar (accessed from behind bar) with dray drop, python, pumps, cooler and tilt racks.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Wash Room.

OWNER'S ACCOMMODATION

Being situated on the 1st floor and briefly comprises: 4 good sized bedrooms, lounge, kitchen and bathroom.

EXTERNAL

There is a walled patio area with timber benches/seating. Patron’s car parking facilities with lined spaces for circa 20 cars. There is also a brick built bottle store and 3 single garages.

TRADING AND LICENSING

We are advised that the inn trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon - Sat - 10.00am - Midnight

Sunday - 10.00am - 11.30pm

The current trading hours are as follows:

Mon - Sat - Midday - Midnight

Sun - Midday - 10.30pm

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. Guy Simmonds hold this 1 Day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested). The business is offered for sale as a lease assignment with approximately 9 years remaining of the original Punch Taverns full repairing and insuring, renewable agreement. 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 and Tenant Act 1954. Business rates payable are to be advised. Rent is currently £30,000 per annum and is reviewed in January 2012.

THE BUSINESS

This delightful village inn is currently operated under management by a full time manager with the assistance of 4 part time members of staff.

Our vendor client, due to other business commitments and having been in the trade for approximately 21 years, has decided to retire and take life at a more leisurely pace to spend more quality time with his family; hence the instructions to sell this popular and well established village inn. This charming inn is an extremely successful and profitable business with the current owner having established a solid trading foundation yet still offers new enthusiastic owner operators plenty of scope to increase upon the sales; especially by fully focussing on expanding the food side of the business. Current sales are circa £275,000 (incl.). In our opinion there is excellent potential to increase the sales and would quite easily expect new fully focussed enthusiastic full time owner operators to achieve a turnover in excess of £325,000.

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

Property information

Property:

Leasehold