Renowned Village Inn In The Very Pleasant Hamlet Of Herriard For Sale

Business description

RUSTIC, HIGH QUALITY AND RENOWNED VILLAGE INN SET IN THE VERY PLEASANT AND DESIRABLE HAMLET OF HERRIARD, HAMPSHIRE




Stunning location close to the heart of this affluent Hampshire village of Herriard surrounded by open countryside and prosperous housing.
Characterful lounge bar (circa 40) accommodating a large bar servery and solid oak wood flooring along with a stunning open fireplace.
Well presented Restaurant (circa 25) with a feature fireplace and quality wooden furnishings.
Mature and secluded lawned beer garden with seating for approx 80, large car park for 20 and spacious 3 bedroom living accommodation.
Turnover for year ending 12/06 of £240,000 (inc) with a trade split of 50% wet and 50% food.
9 years remaining of the Fullers renewable Lease with an annual rent of £36,000.
visit the pub's website at www.thefurandfeathers.co.uk.


FANTASTIC AND SUBSTANTIAL VILLAGE INN OFFERING A LOVELY 'QUALITY OF LIFE'.


ASKING PRICE £60,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This stunning and well presented village inn is located just off the A339 in the affluent village of Herriard.

The village of Herriard, midway between Basingstoke and Alton, is situated in one of the most attractive areas in north Hampshire. The gently rolling hills with its hedges and many woods keep the quiet and rural feel now lost to much of southern England. Beautiful beechwoods and parkland visible along the busy A339 are part of the Herriard Estate to which much of the village and surrounding farms belong.

This thriving business benefits from the estates busy schedule, being the home to many of the shoot and hunt dinners and drinks.

THE PROPERTY

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



The Lounge Bar (circa 40) is a traditional room full of character with a delightful large bar servery, stunning open fireplace and solid oak flooring complemented by its quality wooden furnishings. Access to restaurant and garden.

The Restaurant (circa 25 covers) has an excellent rustic feel offering quality carpets and delightful feature fireplace giving the clientele a pleasant dining experience. Access to lounge bar and beer garden.

Ladies and Gentlemen W.C's.

Ground Floor Cellar with pumps, racks, python system and cooler, also offering storage room.



Commercial Catering Kitchen with a selection of stainless steel catering equipment (not tested) and work surfaces along with a walk in fridge and freezer.

OWNERS ACCOMMODATION

Situated on the first floor and briefly comprising of 2 double bedrooms, 1 single bedroom, large lounge with fireplace and a bathroom.

EXTERNAL

To the rear of the property is a very lucrative and popular lawned beer garden which is very secluded and mature with seating for approximately 80 along with a wooden partly covered structure for the smokers.

To the side of the property is an extensive car park for 20 cars.

To the front are further wooden benches.

To the rear and side is a brick garage and 2 further storage sheds.

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 - Thurs 10.00am - Midnight

Fri - Sat 10.00am - 1.00am

Sun Midday - 11.00pm

Current opening hours:

Mon - Fri Midday - 3.00pm, 6.00pm - Midnight

Sat Midday - Midnight

Sun Midday - 11.00pm

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 Fullers lease assignment with approximately 9 years remaining of the full repairing and insuring, renewable agreement. We are informed that the rent is currently £36,000 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 LPG, mains electric and water and a septic tank, and is heated by gas central heating (no services seen or tested). Business rates are advised as currently being £5,880 per annum.

THE BUSINESS

The current owners took over the business in 2005 as a family concern and are reluctantly offering the business for sale due to family reasons.

Our clients have made improvements to the property over the past 2 years and are offering the business in excellent decorative order.

This offers an ideal opportunity for owner operators to continue with the superb reputation our vendors have built up in this well established business, along with exploiting the considerable potential.

Current sales are £240,000 (inc) with 50% wet trade and 50% food.

We calculate the reconstituted net profits (i.e adding back managers costs, finance costs, depreciation and other expenses) of circa £35,000. 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