Desirable Refurbished Village Inn In Sought After Location Of Coven For Sale

Business description

A HIGHLY DESIRABLE REFURBISHED VILLAGE INN SITUATED WITHIN THE AFFLUENT AND HIGHLY SOUGHT AFTER LOCATION OF COVEN, STAFFORDSHIRE




Prominent and attractive property situated in the highly desirable location of Coven, Staffordshire.
Good sized traditional Main Lounge Bar (seating 90+) with exposed brickwork and an inglenook fireplace.
Impressive 2 bedroom owners' accommodation.
Fully equipped Commercial Catering Kitchen.
8 years remaining on renewable Punch Taverns lease.
Sales for Y/E May 07 circa £420,000 (incl.).
60% food and 40% wet.
Trading on reduced hours.
Massive potential for fully focussed enthusiastic hands-on entrepreneurial partnership.


ABSOLUTELY SUPERB OPPORTUNITY TO PROCURE THIS WELL ESTABLISHED BUSINESS AND HOME WITH A SUPERB QUALITY OF LIFE IN THIS DELIGHTFUL LOCALE.


ASKING PRICE £75,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This delightful inn is situated in the beautiful county of Staffordshire. Being situated in the highly desirable location of Coven this wonderful village inn can be easily reached from junction 2 of the M54 motorway.

Being situated twixt Tamworth and Telford makes this beautiful location an excellent commuter area with easy access to the M54, M6, M5, the M40 and M42 motorways and the major international airports of Birmingham, Luton, 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 substantial village inn is an impressive 2-storey detached property of brick construction under a pitched, tiled roof occupying a superb trading position.



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

Main Lounge Bar (seating 90+) is a good sized traditional and characterful room exuding a wonderful ambience throughout, being set within 3 areas. Having a feature return bar servery with a solid polished counter and a matching back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which are complimented by a mix of loose polished tables, a polished poseur and a mix of upholstered chairs, upholstered armchairs and upholstered stools.

Adding a warm and inviting aspect to the charm of this lounge bar is the feature brick built inglenook fireplace with an inset coal effect gas fire and the lovely exposed brickwork and timber pillars. There is also a part wooden and part tiled floor and part panelled walls. Access to the W.C's.



Ladies, Gents and Disabled W.C's.

Ground Floor Cellar with delivery access, python, pumps, and cooler. Bottle Store.

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

OWNER'S ACCOMMODATION

Being situated on the 1st floor and briefly comprises: 2 good sized bedrooms, lounge, kitchen, office, bathroom and a staff W.C.

EXTERNAL

There is a good sized paved beer garden at the front with circular timber benches/seating. Patron's car parking facilities with lined spaces for circa 25 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:

Mon - Sat 11.00am - Midnight

Sunday Midday - 11.30pm

The current trading hours are as follows:

Mon - Thurs 11.00am - 3.00pm, 5.00pm - 11.00pm

Fri - Sun 11.00am - 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 8 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. Business rates payable are to be advised. Rent is currently £58,000 per annum reviewed in March 2011.

THE BUSINESS

This delightful village inn is currently operated by our vendor client on a full time ‘hands-on’ basis with the assistance of a full time chef, 1 full time kitchen assistant, 1 full time assistant manager and 10 part time members of staff.

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 increasing the trading hours. Sales for year ending 31st May 2007 are circa £420,000 (incl.). Current sales are consistent with 2007. Trade is derived from approximately 60% food sales and 40% wet sales.

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 £475,000.

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

Contact the seller