Oxfordshire Village Inn For Sale

Business description

OXFORDSHIRE VILLAGE INN BEING OFFERED IN SUPERB CONDITION THROUGHOUT AND PRICED FOR A QUICK SALE WITHIN THE LOVELY VILLAGE OF YARNTON, WITHIN 3 MILES OF OXFORD CITY CENTRE




Fantastic location in the heart of the lovely village of Yarnton, Oxfordshire, only 4 miles from Oxford.
Lovely Lounge Bar (circa 20) with slate tiled flooring and feature fireplace.
Superb Restaurant (circa 30) and Dining Area (circa 35) with wood and slate floor, fireplace and views to the garden and countryside.
Well presented 3 bedroom living accommodation.
Large car park and well equipped Commercial Catering Kitchen.
Delightful Beer Garden and Patio Area with seating for approx 100 and children's play area.
6 years remaining on fully renewable Greene King lease with current turnover circa £240,000 (incl. VAT) with trade split of 45%wet/55% dry.


STUNNING OXFORDSHIRE VILLAGE INN PRICED FOR A QUICK SALE OFFERING A FANTASTIC OPPORTUNITY.


ASKING PRICE £39,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This superbly presented Inn has an excellent location on the Cassington Road in the heart of the affluent and desirable Oxfordshire parish of Yarnton.

The village of Yarnton is situated about 4 miles north west of Oxford on the A44.

Yarnton is known as one of the earliest continuously inhabited settlements in the U.K, its history having been traced back to 3500BC. The village today is a thriving varied community with the local groups and societies catering for most tastes. New homes have been built over the last 10 years and more proposed. The University City of Oxford, being only 4 miles away is home to some of the most stunning buildings in the country and attracts a huge number of visitors yearly along with supplying an excellent quality of life.

THE PROPERTY

This substantial inn is an attractive and impressive 2-storey property of rendered brick construction under a pitched, tiled roof occupying a superb and prominent village position.



The Lounge Bar (circa 20) is a very well furnished room with slate tile flooring, lovely feature fireplace and quality furnishings. Access to W.C's and Restaurant.

The Restaurant (circa 30) has a stripped hard wood floor and a warm and friendly feel complemented with quality furnishings.

French Doors lead out onto the patio area and garden.

The Dining Area (circa 35) has slate tile flooring, feature fireplace and lovely bar server.

All areas are in excellent decorative order.

Ladies and Gents W.C's.

Ground Floor Cellar with python system, cooler and racks.



Fully Equipped Commercial Catering Kitchen with stainless steel appliances (not tested) and preparation areas.

A substantial amount of the catering equipment is nearly new and in excellent condition.

OWNERS ACCOMMODATION

Situated on the first floor and briefly comprises: 2 double bedrooms, 1 single bedroom, large lounge and bathroom with shower.

EXTERNAL

The property benefits from a mature Beer Garden with an excellent patio area and space for 30 wooden benches along with children's play area and beautiful views over open countryside.

The business also benefits from a 2 garages (being used as storage and freezer rooms) and private parking.

Large car park offering ample parking.

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:

7 days per week 11am - Midnight

Current opening hours:

Sun - Tues Midday - 3pm, 5pm - 10.30pm

Wed - Sat Midday - 3pm, 5pm - 11pm

NB. 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 is offered for sale as a lease assignment with approximately 6 years remaining of the original Greene King full repairing and insuring, renewable agreement. We are informed that the rent is currently £31,000 per annum. 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 are advised that the inn benefits from all mains services and uses oil central heating (no services seen or tested). Business rates are advised as currently being £6,000 per annum.

THE BUSINESS

The current owners purchased the business in November 2005 and have made considerable improvements to the property and business over past 18 months and are reluctantly having to sell due to family commitments.

This offers an ideal opportunity for owner operators to take this wonderful village inn to another level and increase the turnover, profits and lease value along with having a delightful home in a very popular village.

Current sales are an excellent £240,000(incl. VAT) with trade split of 45% wet and 55% food offering further potential to increase both aspects of the business.

We calculate the reconstituted net profits (i.e. adding back managers' costs, finance costs, depreciation and other expenses) of circa £37,500.

The asking price reflects the location and the current trading foundation.

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

Property information

Property:

Leasehold