1st Class 19th Century New Free Of Tie Lease For Sale

Business description

A TRULY DELIGHTFUL 1ST CLASS 19TH CENTURY NEW 'FREE OF TIE' LEASE SITUATED IN THE HIGHLY DESIRABLE VILLAGE OF WHEATHAMPSTEAD, HERTFORDSHIRE




Unspoilt 19th Century traditional village inn situated in the beautiful county of Hertfordshire.
Characterful Public Bar (15), Delightful Lounge Bar (20+), Cosy Snug (10).
Wealth of character with lovely real open fires.
Impressive 2/3 bedroom owner's accommodation.
Equipped Kitchen.
Offered on a NEW PRIVATE FREE OF TIE 21 YEAR LEASE. RENT ONLY £25,000 per annum.
Currently run under management.
Current sales circa £175,000 (incl.).
100% wet. Undoubted potential to increase sales with an equipped kitchen.


AN EXCELLENT BUSINESS PROPOSITION WITH A WELL ESTABLISHED AND SOLID TRADING FOUNDATION WITH AN ENVIABLE LIFESTYLE FOR COMMITTED ENTREPRENEURIAL HANDS-ON PARTNERSHIP


ASKING PRICE £45,000 FREE OF TIE LEASEHOLD TO INCLUDE FIXTURES & 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 and mouth watering 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 locale. 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 well used and has an excellent level of repeat trade. 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 unspoilt 19th Century traditional village inn is a substantial and impressive 2 storey detached property of whitewashed rendered brick construction under a pitched, slate roof. Retaining a wealth of character this attractive property has a lovely and welcoming ambience with real open fires. Main entrance at the front leading into the lobby with access to the Public Bar (15) is a traditional and characterful room having an intimate and cosy ambience with a feature central return bar servery with polished counter and a mirrored matching back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which are complimented by the loose polished tables, chairs and upholstered bar stools. Adding to the charm and inviting atmosphere of the bar area is the delightful feature brick built inglenook open fireplace, the part panelled walls and the brick built pillars. Access to the Lounge and Snug.



Lounge (20+) is a warm and inviting room with a return bar servery counter, upholstered pews and loose polished tables and chairs. There is also a delightful feature brick built open fireplace. Access to the Ladies W.C.

Snug (10) is a cosy room with upholstered pews and loose polished tables and chairs. Adding to the cosy atmosphere is the feature brick built open fireplace and the part panelled walls. Access to the Gents W.C.

Catering facilities include an equipped Kitchen with appliances and preparation surfaces (appliances not tested). Access to the Freezer/Utility Area. Lower Ground Floor Cellar with dray drop, pumps, python, racks and cooler.



Ladies and Gents W.C's.

OWNER'S ACCOMMODATION

Situated on the first floor and briefly comprises: 2/3 bedrooms, lounge, office/bedroom and bathroom.

EXTERNAL

Patron's car parking facilities for circa 10 cars. There is an enclosed paved patio area with timber benches/seating and a covered designated smoker's area.

TRADING AND LICENSING

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

Monday - Sunday - Midday - 11.00pm

The current trading hours are as follows:

Monday - Saturday - Midday - 11.00pm

Sunday - 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

This delightful village inn is a successful and profitable business with a well established trading foundation. After many highly successful and very profitable years our vendor client is offering the leasehold interest for sale. The business premises can be run extremely cost effectively on relatively low overheads resulting in high profitability. This delightful village inn is currently operated under management by a full time management couple with the assistance of 3 part time members of staff. This popular and well established inn is a successful and profitable business and already having a solid trading foundation still offers a new enthusiastic entrepreneurial 'hands-on' partnership immense potential to increase the sales, especially with the introduction of food. Trade is currently derived from 100% wet sales. Current sales are circa £175,000 (incl. VAT). In our opinion there is excellent potential to increase the turnover and would expect a new fully focussed partnership to quite easily achieve a turnover in excess of £225,000 (incl. VAT).

Leasehold Option:

New 21 year FRI Lease to be created.

Free of all brewery and supplies ties.

Initial rent of £25,000 per annum for the first 2 years. Thereafter rent reviews every 3 years - linked to RPI inflation.

Rent payable quarterly in advance.

Minimum 2 year period for re-assignment.

Each party responsible for their own legal costs relating to the transaction.

Proposed lessees should have catering/bar experience commensurate with a quality licensed establishment and/or excellent entrepreneurial business experience.

The asking premium will be £45,000 to include goodwill, fixtures and fittings and the benefit of the lease. We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested). Business rates payable to be advised.

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

Property information

Property:

Leasehold