Characterful Inn Situated In The Highly Sought After Location Of Aylesbury For Sale

Business description

A CHARACTERFUL COMMUNITY INN SITUATED IN THE HIGHLY SOUGHT AFTER LOCATION OF AYLESBURY, BUCKINGHAMSHIRE




Prominent and substantial community inn situated in the sought after location of Aylesbury.
Good sized characterful Lounge Bar (70), Good sized atmospheric Public Bar (40).
Excellent 4 bedroomed owner’s accommodation.
Well equipped Commercial Catering Kitchen.
Long lease - 14 years remaining on renewable Punch Taverns lease. Rent ONLY £27,000 per annum.
Current sales circa £234,000 (incl.).
100% wet. Undoubted potential with a well equipped Commercial Catering Kitchen.


AN EXCELLENT OPPORTUNITY TO ACQUIRE THIS WELL ESTABLISHED BUSINESS AND HOME WITH MASSIVE POTENTIAL AND A WONDERFUL QUALITY OF LIFE IN THIS SUPERB LOCALE.


ASKING PRICE £74,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This characterful and popular community inn is situated in Aylesbury in the beautiful county of Buckinghamshire and can be easily reached from junction 11 of the M1 motorway.

Aylesbury, one of Buckinghamshire's most popular suburbs, is a desirable area for families and has many facilities including schools, medical centres and amenities. Aylesbury is a 'honey pot' area for residential housing and is close to the towns of Whitchurch, Leighton Buzzard, Milton Keynes and Bicester.

This charming and characterful inn is well used and has an excellent level of repeat trade.

THE PROPERTY

Occupying a central shopping mall position this superb inn is a substantial 3-storey brick built structure under a pitched, tiled roof.



There are 2 main entrances at the front leading into the Lounge Bar and Public Bar.

Lounge Bar (circa 70) being L-shaped is a good sized characterful and traditional room which has a warm and relaxing atmosphere. Having an L-shaped return bar servery with a polished counter with a glass gantry above and a mirrored 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, upholstered stools and chairs. There is also a projector and screen, a juke box, an AWP, a games machine and a TV. Access to the Public Bar and W.C's.

Public Bar (40) is a good sized atmospheric room with a return bar servery and a back fitting and refrigerated bottle coolers (not tested) which is complimented by the fixed bench style perimeter seating with loose polished tables and upholstered stools. There is a pool table with lighting over, a juke box and a darts throw. Access to the W.C's.



Ladies and Gents W.C's.

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

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

Lower Ground Floor Office.

OWNER'S ACCOMMODATION

Situated on the first and second floors and briefly comprises: 4 bedrooms, lounge, bathroom and separate W.C.

EXTERNAL

Ample car parking facilities can be found in the shopping mall car park. There is a covered Designated Smoking Area.

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 - Sat 11.00am - Midnight

Sunday Midday - 11.30pm

The current trading hours are as follows:

Mon - Sat Midday - Midnight

Sunday 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 14 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.

Rent is currently ONLY £27,000 per annum reviewed in 2011. Business rates payable are to be advised.

THE BUSINESS

This superb inn is operated by our vendor clients as a husband and wife team on a full time basis with the assistance of 1 part time member of staff. After approximately 30 years in the trade our vendor clients have decided to retire to more sunnier climes in order to take life at a more leisurely pace; hence the instructions to sell this successful and profitable business.

Current sales are circa £234,000 (incl.). Trade is currently derived from 100% wet sales. In our opinion there is immense potential to increase the turnover by simply introducing food, thereby filtering directly down to the 'bottom line' profits.

Our vendor clients have established an excellent reputation and a solid trading foundation which can be fully emulated by new enthusiastic operators and would quite easily expect to achieve a turnover well in excess of £275,000.

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