Impressive Freehold Inn With Letting Rooms For Sal;e For Sale

Business description

DEPOSIT TAKEN, SOLICITORS INSTRUCTED.

IMPOSING AND IMPRESSIVE FREEHOLD INN WITH LETTING ROOMS, IN THE HIGHLY SOUGHT AFTER GLOUCESTERSHIRE VILLAGE OF BREAM, CLOSE TO THE WYE VALLEY REGION




Wonderful prominent position looking over the village cricket pitch in the heart of Bream.
Lovely Restaurant (circa 40) with open fireplace, wood flooring and exposed stone walls.
Lovely lounge bar (circa 20) with lovely traditional bar servery and further Function Room (circa 40).
Well equipped commercial catering kitchen.
Large car park and rear garden and patio area.
3 bedroom living accommodation.
5 lucrative letting bedrooms graded to 3 star standard.
Growing turnover of £225k (incl. VAT) for y/e 12/07 with a trade split of 48% wet, 47% food and 5% lettings, offering a recon net profit of £56,000.


VERY RARE OPPORUNITY TO ACQUIRE A PROFITABLE FREEHOLD INN WITH LETTING ROOMS IN GLOUCESTERSHIRE.


ASKING PRICE £499,950 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This delightful freehold inn, restaurant and letting accommodation has an enviable and prominent location on the High Street of the desirable Gloucestershire village of Bream.

Bream is one of the largest villages within the Forest Of Dean and Wye Valley areas with a population of approximately 3000. Positioned on the southern edge of the forest core close to the beautiful Wye Valley, and the towns of Lydney and Coleford, the village is set on a ridge of high ground.

This delightful village is blessed with many amenities including local shops, an excellent primary school, library, church and lovely cricket pitch.

The village of Bream is within 40 minutes drive of Chepstow, Monmouth, Gloucester and Cheltenham.

THE PROPERTY

This is a large well presented detached property occupying a delightful and prominent location with views over the village cricket pitch.



Lounge Bar (circa 20) has a warm and friendly feel with a lovely traditional bar servery as the focus of the room. Quality carpets and furnishings complete this bar area.

Restaurant/Dining Room (circa 40) is a beautifully converted barn with high beamed ceiling, stunning open fireplace and solid wood flooring complemented by quality furnishings.



Dining Area/Function Room (circa 40) is a further room offering an area for many uses including an extension to the bar or restaurant along with a meeting room.

Snug Area (circa 12) is a further room that offers a warm and friendly feel, feature fireplace and carpeted flooring.

Ladies and Gents W.C's inc disabled facilities.

Catering facilities include a very spacious and well equipped commercial Kitchen with stainless steel appliances and walk in freezer (appliances not tested). There are further rooms for a dry store and freezer rooms.

Lower Ground Floor Cellar with barrel drop, barrel racks, pumps and cooler. Dry Bottle Store.

OWNER'S ACCOMMODATION

Situated on the first floor and briefly comprises: 2 double bedrooms, single bedroom, lounge, kitchen and bathroom.

LETTING BEDROOMS

Located on the ground floor are 5 double en-suite letting bedrooms( 1 offering disabled facilities), all in excellent condition and offers a tourist board rating of 3 stars. These rooms were completed in early 2006 and are very much in its infancy with huge potential.

EXTERNAL

To the rear of the property is a delightful trade garden offering a patio/terrace area along with a lawned garden with seating for approx 50.

To the rear of the property lies a large car park for approximately 30 cars.

TRADING AND LICENSING

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of :

Mon - Sun 8am - 1am

Current opening hours are:

Mon - Sun 12pm - 2.30pm/6.30pm - 11pm

N.B. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. 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

The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).

We are advised that the property benefits from mains gas, mains electric, sewerage and water. Business rates are £4000 pa.

THE BUSINESS

Our clients took over the business in December 2004 and have developed a strong and growing trading foundation over the last 3 years, yet offer a considerable amount of potential, with the letting bedrooms only being completed on Jan 06 and very much in their trading infancy.

Our clients have made significant improvements to this property including creating 5 superb letting bedrooms and are offering this property in very good condition throughout.

This delightful inn is a successful and profitable business and already having a solid trading foundation still offers new enthusiastic owner operators potential to increase the sales. Turnover for y/e 12/07 is £225,000 (incl. VAT) with reconstituted net profits (after adding back finance, bank charges, depreciation and managers wages) of £56,000. Trade split of 48% wet, 47% food and 5% accommodation.

In our opinion this is an ideal opportunity for experienced owner operators to continue with this very successful business and endeavour to reap the rewards that are currently on offer. Our vendor client has established an excellent reputation which can be fully emulated by new enthusiastic operators. The asking price reflects the location and quality of fixtures and fittings. This fantastic inn is a growing operation which our vendor has driven to its current level of excellence.

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

Property information

Property:

Freehold