Stone Built Village Inn In Enviable Location Of Wroxton For Sale

Business description

RECENTLY REFURBISHED TRADITIONAL STONE BUILT VILLAGE INN OCCUPYING AN ENVIABLE LOCATION WITHIN THE AFFLUENT OXFORDSHIRE VILLAGE OF WROXTON ON THE EDGE OF THE COTSWOLDS




Excellent main road location in the highly desirable village of Wroxton, Oxfordshire.
Lounge Bar (circa 25) full of character with its open fireplace, wood flooring and exposed stone.
Fully refurbished Restaurant (circa 40) with solid wood flooring, stunning open fireplace and full of character features.
Spacious 4 bedroom living accommodation and newly equipped catering kitchen.
Delightful Patio Area and secluded beer garden with BBQ area and large stone barn ripe for conversion (STPP).
14 and a half years left on an Enterprise Inns lease with turnover averaging £5,000pw (inc), trade split of 50% wet and 50% food with rent at £22,500.


LOVELY STONE BUILT VILLAGE INN THAT HAS UNDERGONE A FULL REFURBISHMENT OFFERING A WONDERFUL 'QUALITY OF LIFE'.


ASKING PRICE £59,950 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This traditional stone built village inn has an enviable location on the A422 in the much sought after village of Wroxton, Oxfordshire on the edge of the Cotswolds.

Wroxton is most famous for its Abbey built in the early 17th Century and described as a Jacobean mansion, now being used as an American College and attracting many 18 -25 year olds on a yearly basis.

Also within this delightful village are many stone built cottages, a primary school described as one of the best in the area and one of the few thatched churches still left in the country.

The current trade is made up of local custom along with a good passing trade.

THE PROPERTY

This substantial inn is an attractive and impressive 2-storey property of local stone construction under a pitched, tiled roof occupying a superb and prominent main road position.



The recently refurbished Restaurant (circa 40) is a lovely traditional room with an excellent large bar servery, superb feature open fireplace, exposed stone walls, solid wood flooring and beamed ceilings complemented by its good quality furnishings.

The Lounge Bar (circa 25 covers) has good quality wood flooring, feature open fireplace and small bar servery offering a warm and friendly feel.

Ladies and Gents W.C's.



Lower Ground Floor Cellar accessed from behind the bar with pumps, racks, python system and coolers.

Completely refurbished Commercial Catering Kitchen with new stainless steel appliances (not tested) is a good size and offers easy access to the lounge bar and dining room.

OWNERS ACCOMMODATION

Situated on the first and second floors and briefly comprises: 2 double bedrooms (1 very large), 2 single bedrooms, lounge, and bathroom all recently redecorated.

EXTERNAL

To the rear of the property there lies a pleasant patio area with seating for 20 along with a delightful mature beer garden with seating for 40, children’s play area, BBQ area and large stone barn with potential to convert (STPP).

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 - Sat 11.00am - 11.00pm

Sunday Midday - 10.30pm

Current opening hours:

Mon - Sat Midday - 3.00pm, 6.00pm - 11.00pm

Sunday - Midday - 4.00pm, 7.00pm - 10.30pm

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 14 andf a half years remaining of the original Enterprise Inns full repairing and insuring, renewable agreement. We are informed that the rent is currently £22,500 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 andTenant Act 1954. We are advised that the inn benefits from LPG gas, mains electric and sewarage (no services seen or tested). Business rates are advised as currently being £4,700 per annum.

THE BUSINESS

The current owners took over the business in Oct 07 after the property had been completely refurbished and are reluctantly offering this delightful property and business for sale due to family commitments.

This offers an ideal opportunity for owner operators to continue with the reputation that the current vendor client has achieved and also offers huge potential to increase the food and drink sales with further drive, ambition and enthusiasm.

Current sales are averaging £5,000 pw (inc vat) with 50% wet trade and 50% food trade with great potential to increase the food trade with the catering facilities available.

We calculate the reconstituted net profits (i.e adding back managers costs, finance costs, depreciation and other expenses) of circa £40,000.

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

Contact the seller