An Impressive 18th Century Village Inn For Sale

Business description

AN IMPRESSIVE 18TH CENTURY VILLAGE INN AVAILABLE FOR THE 1ST TIME IN 15 YEARS SITUATED WITHIN THE AFFLUENT AND DESIRABLE LOCATION OF CHESHAM, BUCKINGHAMSHIRE




Prominent and attractive 18th century property situated in the highly desirable location of Chesham.
Traditional Main Public Bar (50+), Good Sized Function Room (40+).
Wealth of character with real fires and beamed ceilings.
Impressive 5 bedroom owners' accommodation.
2 Equipped Commercial Catering Kitchens.
5 years remaining on renewable partially tied Punch Taverns lease.
Current sales circa £250,000 (incl. VAT).
95% wet and 5% food. Undoubted potential with 2 equipped trade kitchens.
Massive potential for fully focussed enthusiastic hands-on owner operators.


A FABULOUS OPPORTUNITY TO ACQUIRE THIS WELL ESTABLISHED BUSINESS AND HOME WITH A SUPERB QUALITY OF LIFE IN THIS DELIGHTFUL LOCALE


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



LOCATION
This charming traditional inn is situated in the highly desirable and affluent location of Chesham, Buckinghamshire and can be easily reached from junction 18 of the M25 circular. This superb inn is ideally situated for the thousands of walkers and hikers coming to this historic and popular locale. Being situated North West of London makes this beautiful location an excellent commuter area with easy access to the M4, M1, the M25 circular, the M11 and A1(M) motorways and the major international airports of Luton, Stanstead, Heathrow and Gatwick. 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 and 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 inn, believed to date back to circa 1715 is an attractive and highly impressive 3-storey property of brick construction occupying a superb prominent main high street position.



Main entrance at the front leads into the lobby with access into the Public Bar.

Main Public Bar (50+) is a good sized warm and inviting traditional and characterful room exuding a wonderful ambience throughout. Having a feature return bar servery with a solid polished counter and a matching mirrored back fitting with a range of trade optics and refrigerated bottle coolers (not tested) which are complimented by a mix of loose polished tables, upholstered settles and chairs. Adding to the warm and inviting aspect of this bar area is the feature brick built open fireplace, the exposed beamed ceiling, timber pillars and the panelled walls. Access to the W.C's and Function Room.



Function Room (40+) being situated on the first floor is a good sized bright and airy room having a return bar servery with a solid polished counter and a back fitting which is complimented by loose tables and chairs. Adding to the character of this room is the feature brick built open fireplace, the feature wooden flooring and the beamed walls. There is also a darts throw. Access to W.C's and the Owner's Accommodation.

Ladies and Gents W.C's x 2 sets.

First Floor Office

Ground Floor Cellar with delivery access, pythons x2, pumps, racks and cooler.

Catering facilities include 2 trade kitchens with one being situated on the ground floor and the other on the first floor. Both are equipped with stainless steel appliances and preparation surfaces, there is also a dumb waiter connecting both kitchens (appliances not tested).

OWNER'S ACCOMMODATION

Being situated on the 1st and 2nd floors and briefly comprises: 5 good sized bedrooms, lounge, kitchen and bathroom.

EXTERNAL

There is a Beer Garden at the rear with timber benches/seating. Patron's car parking facilities for circa 30.

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 - 10.00am - Midnight

Thurs - Sat - 10.00am - 02.00am

Sunday - Midday - Midnight

The current trading hours are as follows:

Mon - Thurs - 11.00am - 11.00pm

Fri and Sat - 11.00am - 01.00am

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 mains services and uses gas central heating (no services seen or tested). The business is offered for sale as a lease assignment with approximately 5 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. We understand that the business is partially tied to draught and bottled beers only. Business rates payable are to be advised. Rent is currently £57,500 per annum and is due to be reviewed.

THE BUSINESS

This delightful village inn is currently operated by our vendor client on a full time basis with the assistance of 1 full time and 6 part time members of staff. Our vendor client, in situ for the past 15 years has decided to retire from the trade and move to France; hence the decision to sell this popular and well established business. 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 £250,000 (incl. VAT). Trade split is approximately 95% wet and 5% food. 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 £300,000.

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

Property information

Property:

Leasehold