A Truly Desirable Traditional 17th Century Village Inn For Sale

Business description

A TRULY DESIRABLE TRADITIONAL 17TH CENTURY VILLAGE INN SITUATED IN THE SOUGHT AFTER AND AFFLUENT LOCATION OF ELY, CAMBRIDGESHIRE




An impressive and prominent property situated in the highly sought after location of Ely, Cambridgeshire.
Traditional Lounge Bar (circa 35+), Atmospheric Public Bar (circa 30), Function Room (40).
Newly fitted well equipped Commercial Catering Kitchen.
Excellent 3 bedroom owner's accommodation.
8 and three quarter years remaining on renewable Enterprise Inns lease.
Current sales circa £200,000 (incl. VAT).
100% wet sales. Undoubted potential with a well equipped trade kitchen.
Enviable lifestyle for entrepreneurial partnership.


A FANTASTIC OPPORTUNITY TO PURCHASE THIS 1ST CLASS WELL ESTABLISHED BUSINESS AND HOME WITH A SOLID TRADING FOUNDATION YET STILL OFFERING IMMENSE POTENTIAL.


ASKING PRICE £20,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This delightful traditional and highly desirable inn is situated in the sought after location of Ely, Cambridgeshire. This wonderful traditional village inn can be easily reached from the A14/A10 intersection near Cambridge.

Located approximately 15 miles north of Cambridge this superb village inn is ideally situated for the thousands of walkers and hikers coming to this historic and popular locale and also makes this beautiful location an excellent commuter area with easy access to the A1(M), 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.

THE PROPERTY

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



The main entrance at the front leads into the lobby with access into the Lounge Bar.

Lounge Bar (circa 35+) is a good sized bright and airy inviting room with a feature brick built return bar servery with a polished counter having a back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with a mix of loose polished tables and upholstered chairs. This traditional lounge bar has a wonderful ambience which is enhanced by the feature brick built fireplace with an inset coal effect gas fire. Access to the W.C's and Public Bar.

Public Bar (circa 30) is a good sized atmospheric room with a feature brick built return bar servery with a polished counter having a mirrored back fitting with a full range of trade optics and refrigerated bottle coolers (not tested), which is complimented by a mix of loose polished tables, upholstered chairs and upholstered stools. There is also pool table with lighting over, a games machine, a digital juke box, a projector and screen and a darts throw. Access to the W.C's.



Function Room (circa 40) currently unused - being a good sized bright and airy room; currently being used for storage. There is a return bar servery and a domestic kitchen.

Ladies and Gents W.C's.

Lower Ground Floor Cellar (accessed from behind the bar) with dray drop, pythons x2, pumps and cooler.

Catering facilities include a newly fitted well equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

OWNER'S ACCOMMODATION

Situated on the first floor and briefly comprises: 3 good sized bedrooms, good sized lounge, kitchen, bathroom and separate W.C.

EXTERNAL

Patron's 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:

Sunday - Thursday - 10.00am - Midnight

Friday and Saturday - 10.00am - 01.00am

The current trading hours are as follows:

Monday - Thursday - 11.00am - 11.00pm

Friday and Saturday - 11.00am - Midnight

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

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

The business is offered for sale as a lease assignment with approximately 8 and three quarter 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.

Business rates payable are to be advised. Rent is currently £25,500 per annum reviewed in November 2011.

THE BUSINESS

Our vendor clients have successfully operated this delightful traditional inn as a husband and wife team on a full time 'hands-on' basis with the assistance of 1 full time and 3 part time members of staff. After many successful years in the trade our vendor clients have decided to retire from the trade to pursue other non-related business ventures.

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 introducing food and capitalising on the Function Room opportunities; taking the business to the 'next level'. Trade is derived from 100% wet sales. Current sales are circa £200,000 (incl. VAT). Our vendor clients have established an excellent reputation which can be fully emulated by an enthusiastic 'hands-on' entrepreneurial partnership.

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

Property information

Property:

Leasehold