Suffolk Historic Public House With 48 Cover Restaurant For Sale

Business description

HISTORY

• Building dates back to 1604
• Traditional roadside public house for many years, originally on Ipswich to Bury St Edmunds stagecoach route
• Current vendors’ in situ for 25 years with favourable Punch Taverns lease
• Various improvements during vendors’ tenure including conservatory restaurant and play area
• £60,000 redevelopment recently completed

REASON FOR SALE

• Retirement owing to terminal illness - a quick sale is now required, therefore the price has been reduced considerably

PRODUCTS

• Full range of traditional real ales, wines, spirits and lagers
• Guest ale
• Non – alcoholic beverages, teas and coffees
• Range of traditional meals with an English theme
• Full restaurant meals as well as bar snacks
• Pool table
• 2 gaming machines
• Petanque court

CUSTOMERS

• Very mixed demographic including locals and passing trade
• A destination pub for a large number of Ipswich residents
• Significant number of functions catered for including weddings, anniversaries and funerals
• Licence held for bar facilities at village hall

SUPPLIERS

• Tied to Punch Taverns for beers and ciders only
• Traditional wholesalers supply wines and spirits
• Food sourced locally and through wholesalers

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Leasehold

Location:

• Prominently positioned in affluent Suffolk village close to Ipswich
• Very near to Snoasis development scheduled for completion in 2011
• Ample off road car parking
• Ideally sited for local and visiting trade

Premises details:

• A delightful and tradition wayside inn, with large restaurant, beer garden, children’s play area and owners’ accommodation
• Car parking for approximately 40 vehicles
• Conservatory restaurant with 48 covers
• Bar area with further 26 covers
• Large screen TV
• Traditional bar
• Sunken games bar with pool table
• Refurbished ladies and gents’ WCs
• Well equipped commercial kitchen
• Beer garden with 5 a side football pitch to rear
• Children’s play area with climbing frame
• Petanque court
• Owners’ accommodation with 2 double bedrooms, family bathroom, private WC, living room and extensive storage area

Business Operation

Expansion potential:

STRENGTHS

• Location
• Snoasis development nearby
• Recent refurbishment costing £60,000 covering children’s play area, petanque court, new WCs, exterior and interior redecoration, air conditioning for conservatory and new cellar coolers
• Consistently profitable with solid financials
• Advantageous terms with Punch Taverns
• Sizeable premises with traditional ambience, including wooden beams
• Family beer garden

SCOPE

• Entertainments licence
• Outside catering
• Business development activities and promotions generally
• Introduction of new menus with potential to increase margins

Trading hours:

• Tue to Thurs: 11.30am to 11.00pm
• Fri to Sat: 11.30am to 12 Midnight
• Sun: 12 Noon to 10.30pm
• Licence held until 12 Midnight during the week and 1am Friday and Saturday

Employees:

• Owned and managed by vendors, a husband and wife team • Capable team of 11 part time staff built up over past 25 years covering kitchen, bar, cleaning and outside bar events

Years established:

25