Traditional Essex Inn For Sale

Business description

Prominent and attractive 16th century property situated in the highly desirable location of Finchingfield.
Traditional and Characterful Main Lounge Bar/Restaurant (circa 60+).
Wealth of character with beamed ceilings, beamed walls and a feature open fireplace.
Impressive 3 bedroom 'cottage style' owners' accom.
Fully equipped Commercial Catering Kitchen.
Long Lease - 20 years remaining on private 'FREE OF TIE' lease.
Sales for Y/E May 07 circa £278,000 (incl. VAT).
60% wet and 40% food.
Massive potential for fully focussed enthusiastic hands-on entrepreneurial partnership.

AN ABSOLUTELY UNIQUE OPPORTUNITY TO PURCHASE THIS WELL ESTABLISHED BUSINESS AND HOME WITH A SUPERB QUALITY OF LIFE IN THIS EXTREMELY ENVIABLE LOCALE.

ASKING PRICE £85,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL EXCLUDING S.A.V.

The Property

This substantial and delightful village inn is an attractive and highly impressive detached 2-storey property of rendered brick construction under a pitched, tiled roof occupying a superb prominent position.
Main entrance at the front leads into the lobby with access into the Main Lounge Bar/Restaurant.

Main Lounge Bar/Restaurant (circa 60+) being a good size is a traditional and characterful room exuding a wonderful warm and inviting relaxing ambience throughout.

Having a feature central return bar servery with a solid polished counter and a matching back fitting with a full range of trade optics and refrigerated bottle coolers (not tested) which are complimented by a mix of loose polished tables, polished poseurs, upholstered settles, upholstered chairs and upholstered stools.

Adding to the wonderful traditional feel of this bar/restaurant is the superb feature brick built open fireplace, the heavily beamed ceilings, beamed walls and the timber pillars. Access to the W.C's.

Ladies and Gents W.C's.

Ground Floor Cellar (accessed from behind the bar) with delivery access, pythons x2, pumps and cooler.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Trading Hours

We are advised that the inn trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Monday - Thursday - 11.00am - Midnight

Friday and Saturday - 11.00am - 01.00am

Sunday - 11.00am - 11.30pm

The current trading hours are as follows:

Monday - Thursday - 11.00am - 11.00pm

Friday and Saturday - 11.00am - 11.30pm

Sunday - 11.00am - 10.30pm

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. 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.

The Business

Our vendor client, in situ for the past 8 years has operated this delightful village inn as a 'sole trader' on a full time basis with the assistance of a full time trainee bar manager and 12 part time members of staff.
This charming village inn is an extremely successful and profitable business with the current owner having established a solid trading foundation yet still offers new enthusiastic owner operators plenty of scope to increase upon the sales; especially by expanding on the food side of the business. Trade is currently derived from 60% wet sales and 40% food sales.

Sales for Y/E May 2007 are circa £278,000 (incl. VAT). In our opinion there is excellent potential to increase the sales and would quite easily expect new fully focussed enthusiastic full time owner operators to achieve a turnover in excess of £325,000.

Accounting information will be made available to interested parties after viewing.

The asking price reflects the location and quality of fixtures and fittings.

Property information

Property:

Leasehold

Lease terms:

We are advised that the property uses calor gas and is mains connected for water, sewerage and electricity. The property is heated by gas central heating (no services seen or tested). The business is offered for sale as a lease assignment with approximately 20 years remaining of the original private 'FREE OF TIE' full repairing and insuring agreement. Business rates payable are to be advised. Rent is currently £47,000 per annum and is reviewed in December 2010.

Living accommodation:

Being of a good size the 'cottage style' accommodation with beamed ceilings and beamed walls is presented in excellent decorative order. Situated on the 1st floor and briefly comprises: 3 bedrooms, lounge, office and bathroom. External There is a seating area at the front of the inn with timber benches/seating. Patron's car parking facilities at the rear for circa 20 cars. There is also a private enclosed courtyard area for the owners with a storage unit and a walk in chiller.

Location:

This delightful inn is situated in the beautiful county of Essex. Being situated in the highly desirable picture post card village of Finchingfield this wonderful traditional village inn can be easily reached from junction 8 of the M11 motorway. This charming and characterful village inn is well used and a popular venue for local and commercial trade emanating from the surrounding and affluent catchment areas, and also having an excellent level of repeat trade. Apart from having an excellent reputation for top quality food and dining; this delightful village inn attracts an abundance of trade from walkers and visitors coming from afar to this historic location. Being well positioned; close to the M11 motorway and the M25 providing easy access to and from the major airports of Stanstead and Heathrow. An enviable place to reside and a compelling trade opportunity.