Traditional 19th Century Coaching Inn In Delightful Village Of Long Hanborough For Sale

Business description

TRADITIONAL 19TH CENTURY COACHING INN SITUATED IN THE DELIGHTFUL VILLAGE OF LONG HANBOROUGH, OXFORDSHIRE WITHIN 3 MILES OF BLENHEIM PALACE




Situated in the heart of this busy and very desirable Oxfordshire village.
Easily managed and low cost business.
Refurbished lounge and public bar with open fires and wood flooring.
Lovely beer garden and car park for 14 cars.
Large barn ready for conversion (STPP).
Recently refurbished 2 bed living accommodation.
All wet sales of £208,000 (incl. VAT). Nominal dry sales. Reconstituted net profit circa £36,000 after rent of £21,437.90.
4 years remaining on renewable Innspired lease currently trading on part time hours.


RARE OPPORTUNITY TO PURCHASE OXFORDSHIRE VILLAGE INN THAT WILL APPEAL TO NEWCOMERS AND TRADE VETERANS ALIKE.


ASKING PRICE £75,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This delightful 19th century coaching Inn is situated on the A4095 in the heart of the large Oxfordshire village of Long Hanborough. This very desirable village has an outstanding primary school along with a local butcher, post office, doctors, dentists and hairdressers.

With Blenheim Palace/Woodstock only 3 miles away, the market town of Witney within 5 miles and the World famous University City of Oxford only 10 miles away, this really is an ideal location for business and lifestyle alike.

The trade has a good mix of local and passing trade.

THE PROPERTY

This substantial inn is an attractive and impressive 3-storey property of Cotswold stone construction under a Cotswold stone tiled roof occupying a superb prominent village position.



The Lounge Bar (circa 16) is a delightful room with its attractive wood flooring and feature fireplace. Traditional furnishings give this room a very homely and friendly atmosphere. Access through to W.C's and Pool Room.

The Public Bar (circa 40 covers) is a good sized charming and delightful room giving a warm and desirable feel. Again in keeping with the lounge bar this room has wooden floors and an open fire along with access to the beer garden.

The Pool Room is located at the rear of the property with seating for 16 and also has double doors to the beer garden.



All trade areas have recently been redecorated to a very high standard.

Ladies and Gents W.C's.

Lower Ground Floor Cellar accessed from behind the bar with pumps, racks, new python system and 2 new coolers. Recently completely refurbished throughout.

OWNERS ACCOMMODATION

Situated on the first floor and briefly comprises: Fully refurbished 2 double bedrooms, fully equipped kitchen, large lounge and bathroom/shower room.

EXTERNAL

To the side of the property there is a lovely and very well used beer garden with seating/wooden benches. In the car park is a large 'Grade 2' listed barn complete with electricity, useful for storage.

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 - Wed 7am till 12.30am

Thurs - Sat 7am till 1.30am

Sunday 7am till midnight

Current opening hours:

Monday-Thursday 4.00 pm-midnight

Friday - 2pm - 1am

Saturday - midday-1am

Sunday - midday- 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 4 years remaining of the original Innspired full repairing and insuring, renewable agreement now been taken over by Punch Taverns. We are informed that the rent is currently £21,437.90 per annum with the next rent review due 01/12. 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 & Tenant Act 1954. We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested). Business rates are advised as currently being £1,200 per annum.

THE BUSINESS

The current owner took over the business in 2006 in this well established business, but is now concentrating on other concerns. The vendor client has made significant improvements over the last 2 years and is offering this business in excellent condition and as a profitable concern with considerable potential for further trade as this business is currently being run on very limited hours. This offers an ideal opportunity for owner operators to continue with the excellent reputation that the current vendor client has achieved.

Current sales are circa £208,000 (incl. VAT) with 100% wet trade. In our opinion the introduction of lunch time opening can significantly improve the turnover and profits with new enthusiastic owner operators.

We calculate the reconstituted net profits (i.e. adding back managers’ costs, finance costs, depreciation and other expenses) of circa £36,000.

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