A Pleasurable Traditional 18th Century Village Inn For Sale

Business description

A PLEASURABLE TRADITIONAL 18TH CENTURY VILLAGE INN SITUATED WITHIN THE HISTORIC AND AFFLUENT LOCATION OF STANSTEAD ABBOTTS, HERTFORDSHIRE




Delightful and impressive 18th Century village inn situated in the desirable location of Stanstead Abbotts.
Traditional Main Public Bar (50), Cosy Snug (10).
Well equipped Commercial Catering Kitchen.
Highly impressive 3 bedroom owner's accommodation.
8 years remaining on renewable Fullers rolling lease.
Current sales circa £290,000 (incl.).
98% wet and 2% food. Undoubted potential with a well equipped trade kitchen.
Currently run under management.
Enviable lifestyle for entrepreneurial partnership.


A WONDERFUL OPPORTUNITY TO PURCHASE THIS 1ST CLASS WELL ESTABLISHED BUSINESS AND HOME WITH A SOLID TRADING FOUNDATION LOCATED IN THIS ENVIABLE LOCALE.


ASKING PRICE £39,500 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This delightful traditional and highly desirable village inn is situated in the sought after location of Stanstead Abbotts, Hertfordshire and is a well used and popular venue for local and commercial trade emanating from the surrounding and affluent catchment areas; and also having an excellent level of passing and repeat trade. This charming and characterful inn can be easily reached from junction 7 of the M11 motorway. Being close to the M11, M25 and A1(M) this superb inn is ideally situated with easy access to the major international airports of Luton, Stanstead, Heathrow and Gatwick. The immediate locale offers many attractions for the thousands of visitors and tourists that frequent the area including the Lee Valley Marina with approximately 200 berths. Being close to the confluence of the River Lee and the River Stort and offers a haven for boating enthusiasts which itself is steeped in history. The River Lee flows through open countryside and the Lee Valley Regional Park offers access to a variety of leisure activities and numerous nature reserves that attracts an abundance of visitors and tourists coming to this popular and beautiful region.

THE PROPERTY

This lovely village inn is an attractive and impressive property situated in a prominent position. This substantial and traditional inn is a 2-storey property of brick construction under a pitched, tiled and slate roof.



The main entrance at the front leads into the Main Public Bar (circa 50+) being L-shaped is a good sized traditional and characterful room with a feature central return bar servery with a polished counter and a matching back fitting and refrigerated bottle coolers (not tested) which is complimented by the loose polished tables, upholstered pews and a mix of upholstered chairs. This delightful bar area is a delightful room which is enhanced by the lovely exposed beamed ceiling, there is a feature fireplace with an inset coal effect gas fire, a wooden floor and part panelled walls. There is also a darts throw, TV's x 3, AWP's x 2, a games machine and a juke box. Access to the W.C's and Snug.

Snug (circa 10) is a cosy room exuding a lovely warm and inviting ambience with loose polished tables, upholstered pews and chairs. Adding to the charm of this room is the feature fireplace with an inset coal effect gas fire, the beamed ceiling, the panelled walls and the flagstone flooring.



Ladies and Gents W.C's.

Ground Floor Cellar with delivery access, pumps, python, cooler and tilt racks. Office Catering facilities include a well equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

OWNER'S ACCOMMODATION

An 'olde worlde' cottage style apartment situated on the first floor and briefly comprises: 3 bedrooms, lounge with beamed ceiling and walls, bathroom and utility room.

EXTERNAL

Patron's parking facilities for circa 5 cars. There is a private enclosed courtyard for the owners.

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 - Wed - Midday - 11.00pm

Thurs - Sat - Midday - 01.00am

Sunday - Midday - Midnight

The current trading hours are as follows:

Mon - Sun - Midday - 11.00pm

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 main services and uses gas fired central heating (no services seen or tested).

The business is offered for sale as a lease assignment with approximately 8 years remaining of the original Fullers 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 £32,000 per annum plus barrelage discounts reviewed in July 2010.

THE BUSINESS

This superb business is currently operated under management by a full time manageress with the assistance of 5 part time members of staff. Our vendor client has other business ventures that requires his full commitment and has therefore decided to sell this excellent business. This delightful inn is a successful and profitable business and already having a solid trading foundation still offers new enthusiastic owner operators immense potential to increase the sales by simply expanding and fully focussing on the food side of the business, which would see a direct positive impact on the sales and thereby filtering down directly to the 'bottom line' taking the business to the 'next level'. Trade split is circa 98% wet and 2% food. Current sales are circa £290,000 (incl.). In our opinion there is massive scope to increase the sales and would quite easily expect an enthusiastic 'hands-on' entrepreneurial partnership to achieve a turnover in excess of £350,000.

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

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

Property information

Property:

Leasehold