A Highly Desirable And Traditional Village Inn For Sale

Business description

A highly desirable and traditional village inn situated within the affluent and sought after location of Hatfield Heath, Essex
An attractive and substantial traditional village inn situated in the affluent location of Hatfield Heath.
Good sized traditional Main Lounge Bar (circa 50).
Delightful Restaurant (circa 22 covers).
Impressive 3 bedroom owner's accommodation.
Fully equipped Commercial Catering Kitchen.
Long Lease - 22 years remaining on renewable Enterprise Inns lease.
Current sales circa £286,000 (incl. VAT).
100% wet. Undoubted massive potential to increase sales with a fully equipped commercial kitchen.
Ideal first time buyers opportunity for a hands-on owner operator partnership.
An excellent opportunity to purchase this well established business and home with a wonderful quality of life in this enviable locale.

Asking price £9,500 leasehold to include fixtures and fittings, goodwill excluding s.a.v.

LOCATION
This delightful traditional village inn is situated in the bustling village of Hatfield Heath, Essex which is well serviced by local schools, shops and amenities. This superb inn can be easily reached from junction 8 of the M11 motorway and lies approximately 5 miles South East of Bishops Stortford.

This charming and characterful inn is a well used and popular venue. The area has a good demographic mix offering solid local, destination and commercial trade emanating from the surrounding and affluent catchment areas, and also having an excellent level of repeat trade. Being well positioned; close to the M11 motorway and the M25 providing easy access to and from the major airports of Stanstead and Heathrow.

THE PROPERTY

This superb village inn occupies an excellent trading location and is an attractive and impressive 2-storey property of brick construction under a pitched, tiled roof.

The main entrance at the front leads into the Lounge Bar and Restaurant.

Lounge Bar (circa 50) is a traditional and characterful room having a feature return bar servery with a polished counter and a matching back fitting with a full range of trade optics and refrigerated bottle coolers (not tested). This is complimented by the fixed upholstered perimeter seating with loose polished tables and a mix of chairs, upholstered stools and upholstered pews. Adding to the charm and character of the bar area is the superb feature brick built open fireplace and the exposed beamed ceiling and beamed walls. There is also an AWP, a games machine and a pool table with lighting over. Access to the Restaurant, Beer Garden and W.C's.

Restaurant (circa 22 covers) is a good sized charming and characterful room offering a cosy ambience having a return bar servery with a solid polished counter and a matching mirrored back fitting having a range of trade optics. There is a mix of loose polished tables, chairs and upholstered pews. Adding to the charm of this room is the exposed beamed ceiling and beamed walls and the 2 brick built open fireplaces.

Ladies and Gent's W.C's.

Catering facilities include a newly fitted fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Freezer Room/Prep Room.

Ground Floor Cellar with barrel delivery access, pythons x 2, pumps, racks and cooler.

OWNER'S ACCOMMODATION

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

EXTERNAL

Enclosed beer garden with timber benches/seating and a walled patio area with timber benches/seating. There is a brick built unit currently used for storage. Patron's car parking facilities for circa 20 cars.

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:

Sun - Thurs 11.00am - Midnight

Fri and Sat 11.00am - 01.00am

The current trading hours are as follows:

Mon 3.00pm - Midnight

Tues - Thurs Midday - Midnight

Fri and Sat Midday - 01.00am

Sunday Midday - Midnight

GENERAL REMARKS

We are advised that the inn benefits from all mains services and uses gas fired central heating (no services seen or tested).

The business is offered for sale as a lease assignment with approximately 22 years remaining of the original Enterprise Inns 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. Rent is currently £28,000 per annum reviewed in 2009. Business rates are advised as currently being £5,500 per annum. We understand that the lease is partially tied to draught & bottle beers & cider only.

THE BUSINESS

Our vendor clients have operated this superb inn as a sister (full time hands-on) and brother (silent partner hands-off) team; with the assistance of 1 full time and 2 part time members of staff. Our vendor clients have decided to sell this thriving and well established business in order to pursue other non-related business ventures, hence the instructions to sell.

This delightful traditional village inn is a successful and profitable business with the current owners having established a solid trading foundation. Current sales circa £286,000 (incl. VAT). Trade is currently derived from 100% wet sales. In our opinion there is massive potential to increase the sales especially by simply introducing food and extending the trading hours; which would have a direct positive impact on the trade split and naturally filtering down to the bottom line profits and would easily expect new fully focused enthusiastic full time owner operators to achieve a turnover in excess of £350,000. Our vendor clients have established an excellent reputation which can be fully emulated by new enthusiastic operators.

The asking price reflects the location and quality of fixtures and fittings.

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

Property information

Property:

Leasehold