- Businesses for sale
- Advert Details
- Advert ID: 673455
- (Seller ref: W/5726L)
Historic Village Inn Circa 1550 In Wymondham For Sale
- Wymondham , Leicestershire, United Kingdom
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- Business description
- AN UNOPPOSED TRADITIONAL VILLAGE INN BUILT CIRCA 1550 SITUATED WITHIN THE HISTORIC AND AFFLUENT LOCATION OF WYMONDHAM, LEICESTERSHIRE
Delightful and impressive 16th Century village inn situated in the truly desirable location of Wymondham.
Traditional Lounge Bar (circa 40), Characterful Restaurant (circa 24 covers).
Highly impressive 4 bedroom owner's accommodation.
Long Lease - 12 and three quarter years remaining on renewable Punch Taverns lease.
Declared sales from 1/3/06 - 28/2/07 circa £229,000 (incl.).
Current sales circa £260,000 (incl.).
50% wet and 50% food.
Trading on massively reduced hours.
Enviable lifestyle for entrepreneurial partnership.
Featured in The Good Beer Guide 2006 and 2007.
A WONDERFUL OPPORTUNITY TO PURCHASE THIS TOP CLASS WELL ESTABLISHED BUSINESS AND HOME WITH A SOLID TRADING FOUNDATION AND IMMENSE POTENTIAL.
ASKING PRICE £50,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.
LOCATION
This delightful traditional and highly desirable village inn is situated in the sought after location of Wymondham, Leicestershire and is a well used and popular venue for local and commercial trade emanating from the surrounding and affluent catchment areas; and also having an excellent level of passing and repeat trade. This charming and characterful inn can be easily reached from the A1 (Great North Road)/B676 (Bourne Road) intersection near Colsterworth. Located in North East Leicestershire and close to Rutland Water; one of the largest man-made reservoirs in Europe being set in 3,100 acres of countryside. The conservation village of Wymondham is reputed to be the home of the first Stilton Cheese and was also the location for the very first International Prize Fight in 1811.
THE PROPERTY
This lovely inn is an attractive and impressive property situated in a prominent position. This substantial and traditional inn is a 2-storey detached property of stone construction under a pitched, tiled and slate roof and is believed to date back to circa 1550. The main entrance at the front leads into the lobby having flagstone flooring with access into the Lounge Bar and Restaurant. There is a rear access from the car park leading into the hallway with access to the Lounge Bar.
Lounge Bar (circa 40+) is a good sized traditional room with a feature return bar servery with a solid oak counter and a matching back fitting having a range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the loose polished tables and upholstered pew style seating, upholstered chairs and stools. This delightful bar area is a delightful room which is enhanced by the lovely exposed original beamed ceiling, the feature open fireplace, the attractive exposed stone walling, the quarry tiled floor and the timber pillars. Access to the W.C's and Restaurant.
Restaurant (circa 24 covers) is a good sized room exuding a lovely warm and inviting ambience with a return bar servery with a solid oak counter which is complimented by the loose polished tables and a mix of upholstered chairs. Adding to the charm of this room is the feature open fireplace and the beamed ceiling. Access to the W.C's and Kitchen.
Ladies, Gents and Disabled W.C's.
Lower Ground Floor Cellar with dray drop, pumps, python, cooler, barrel thrall and tilt racks.
Office.
Catering facilities include a newly fitted fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Access to the Prep Room/Dry Goods Store Room and an additional store room.
OWNER'S ACCOMMODATION
Situated on the first floor and briefly comprises: 4 good sized bedrooms, lounge, kitchen/diner and bathroom.
EXTERNAL
Good sized patron's parking facilities for circa 25 cars. There is a good sized lawned beer garden with timber benches/seating. There are also 2 paddocks with Planning Permission for a 5 pitch caravan park in one of the paddocks. Planning Permission will be needed to extend the number of pitches.
TRADING AND LICENSING
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 - Sunday - 11.00am - Midnight
The current trading hours are as follows:
Monday - 6.00pm - 11.00pm
Tues - Sun - Midday - 3.00pm and 6.00pm - 11.00pm
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.
GENERAL REMARKS
We are advised that the inn benefits from all main services and uses gas fired central heating (no services seen or tested).
The business is offered for sale as a lease assignment with approximately 12¾ years remaining of the original Punch Taverns full repairing and insuring, renewable agreement. 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 and Tenant Act 1954. Business rates payable are to be advised. Rent is currently £32,000 per annum reviewed in March 2010.
THE BUSINESS
This superb business is operated by our vendor clients, who have been in situ for the past 2 and a half years and have successfully operated this delightful unopposed traditional village inn as a husband and wife team on a full time 'hands-on' basis with the assistance of 1 full time and 12 part time members of staff. After approximately 35 years in the trade our vendor clients have decided to retire from the trade to take life at a more leisurely pace; hence the instructions to sell this excellent business. This delightful inn is a successful and profitable business and already having a solid trading foundation still offers new enthusiastic owner operators immense potential to increase the sales by simply increasing the trading hours, which would see a direct positive impact on the sales and thereby filtering down directly to the ‘bottom line’ taking the business to the 'next level'. Trade split is circa 50% wet and 50% food. Declared sales from 1/3/06 - 28/2/07 circa £229,000 (incl.). Current sales are circa £260,000. In our opinion there is massive scope to increase the sales and would quite easily expect an enthusiastic 'hands-on' entrepreneurial partnership to achieve a turnover in excess of £300,000.
Accounting information will be made available to interested parties after viewing.
- General information
- Property:Leasehold