Superb Character Inn With Letting Rooms In Hampshire For Sale

Business description

SUPERB CHARACTER INN WITH LETTING ROOMS
Highly visible position on main road near the New Forest
Advised annual turnover of £120,000 with high profits
Potential to double the number of letting rooms
Spacious 2 bedroom owners’ accommodation
Early viewing highly recommended
New Forest market town
Fully licensed freehouse
8 en-suite letting rooms
FREEHOLD


Business History

Meridian Business Sales are privileged to offer to the market this unique 8 bedroom Inn part of which dates back to the 1490’s and has been in the careful hands of our clients since the early 1980’s. The only reason this rare opportunity is being offered to the market is due to our clients desire to take well deserved retirement. During their stewardship they have built the conservatory, garden room and guest lodge as well as landscaping the gardens. The business is run by a husband and wife team with help from part time staff. We are advised that turnover is in the region of £120,000 with a gross profit margin of 78%. There is tremendous opportunity to increase this income further by opening on Sunday evenings and on Mondays. Also it would be possible to double the number of letting rooms or to create a courtyard style annex which could give 20 letting rooms without impacting on the car park. The business enjoys an excellent reputation within the local community for its friendly atmosphere and fine food. This is a superb opportunity to purchase a premium business with massive scope to develop further and as such early viewing is strongly advised as businesses of this calibre rarely stay on the market for long.

Property information

Property:

Freehold

Living accommodation:

Well presented and maintained grade II listed, thatched detached property parts of which dates back to the 1490’s containing a wealth of beams reputedly from Henry VIII ship yard, briefly comprising: GROUND FLOOR Main entrance leading to: Conservatory with 30 covers 40 cover dining room Store room Ladies & gents toilets Cold room Dry store Ladies and gents toilets FIRST FLOOR - (Owners’ accommodation) Lounge Bathroom 2 x Double bedrooms one with dressing area LETTING ACCOMMODATION Purpose built detached two storey lodge containing 8 spacious en-suite bedrooms one of which has disabled facilities. (4 rooms at ground floor level) EXTERNAL Garden room Garden laid mainly to lawn Double garage Laundry room Store room / single garage Large car park

Location:

This character Inn is located on one of the main roads that runs through the sought after town of Ringwood in Hampshire. Regarded as the western gateway to the New Forest it is an attractive bustling town containing a wealth of complimentary shops and businesses, good schools as well as some excellent leisure facilities. It also features a thriving weekly market. Ringwood is an extremely sought after town in which to live or run a business with some of the most expensive property prices in England. The area attracts huge numbers of visitors and holiday makers who flock to the area particularly during the summer months to enjoy the stunning countryside and the nearby coastal resorts. Ringwood is easily reached as it sits on the main A31 which connects to the M27 leading to Southampton and the M3 giving easy access to the M25. The popular holiday town of Bournemouth which is famed for its award winning beaches is just a 15 minute drive away.

Business Operation

Trading hours:

Monday: Closed
Tuesday: 12:00pm - 2:00pm > 7:00pm - 9:00pm
Wednesday: 12:00pm - 2:00pm > 7:00pm - 9:00pm
Thursday: 12:00pm - 2:00pm > 7:00pm - 9:00pm
Friday: 12:00pm - 2:00pm > 7:00pm - 9:00pm
Saturday: 12:00pm - 2:00pm > 7:00pm - 9:00pm
Sunday: 12:00pm - 2:00pm