Freehold Shropshire Inn For Sale

Business description

STUNNING 17TH CENTURY RURAL COUNTRY FREEHOLD INN WITH 2 BED HOLIDAY APARTMENT AND BARNS FOR CONVERSION, BEAUTIFULLY LOCATED IN THE AFFLUENT VILLAGE OF PURSLOW, SHROPSHIRE




Simply stunning and enviable location in the delightfully quaint Shropshire village of Purslow, near Craven Arms offering a very high 'quality of life'.
Comprises of a restaurant with open fireplace, lounge bar full of character and public bar with lovely oak flooring all in excellent condition.
Recently converted 2 bedroom holiday apartment with lovely views.
Substantial site, large car park, delightful beer gardens to the front and rear.
A timber & stone barn which are ripe for conversion with outline planning in place.
Impressive 4 double bedroom living accommodation with lounge, kitchen and bathroom.
Under same ownership for 11 yrs, offering huge scope in all aspects of the business.
Turnover circa £222,000 (incl. VAT) year end 03/07, 50% food; 50% wet, not including any letting or function room turnover and trading on limited hours.


A WELL ESTABLISHED BUSINESS AND HOME IN AN IDYLLIC LOCATION WITH A FABULOUS LIFESTYLE.


ASKING PRICE £675,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL EXCLUDING S.A.V.


OPTION TO BUY INCLUDING BARNS £675,000 FREEHOLD.


THE LOCATION
This delightful rural village Inn is located on the main road through Purslow, Shropshire.

Purslow is found in the depths of the Clun Valley, South Shropshire, commonly known as 'the quietest under the sun'. Purslow is said to have had a very early occupancy, around 600 AD and is featured in the Doomsday Book.

This delightful village sits within 5 miles of the popular Shropshire town of Craven Arms and within 12 miles of Ludlow.

Craven Arms is situated on the edge of the old Marcher kingdom, surrounded by hills and is a natural starting point for many long distance and short circular walks, many taking in Purslow on the way.

Just out of town is the romantic Stokesay Castle - a 13th Century fortified manor house said to be so beautiful that when attacked no-one had the heart to destroy it.

THE PROPERTY

The impressive and very substantial property accommodates approximately 150 customers. The building is a large detached property of rendered stone construction under a pitched, slate roof occupying a village roadside location. The property is immaculate throughout providing a superb environment for discerning customers to enjoy the convivial atmosphere and good standard of cuisine.



The trading areas are furnished to an extremely high standard with excellent quality fixtures and fittings.

Dining Area - seating approx. 30.

The dining area has a warm and friendly feel. It offers a lovely environment making it a most appealing and desirable dining experience with views over the open countryside and the garden areas. The room is fully carpeted and furnished with wooden chairs and dark wood tables. There is a lovely feature open fireplace with exposed stone walls.

Lounge Bar - seating approximately 35. In keeping with the rest of the trading areas, the room is full of character and ambience. The room is fully carpeted and features a beamed ceiling.

There is an Attractive Central Servery with a drinking area furnished with upholstered perimeter seating, wooden tables and chairs.



Public Bar - seating approximately 20. This room has recently been refurbished with a new bar servery, oak wood flooring and an entrance to the decked area.

Detached Stone Barn Function Room - seating for 50. This room is currently being utilised as an Art Gallery, yet is an ideal room for a fully functional function room. This room has been sympathetically converted with stone walls and many original features.

Main Entrance with access to the Ladies and Gents WC's. All immaculate.

Ground floor Catering Kitchen - extremely large and comprehensively equipped with the necessary commercial equipment to service this quality establishment (appliances not tested). There is a separate Dessert/Salad Preparation Area with a Wash Up Area.

LETTING ACCOMMODATION

Situated on the first floor is a recently converted 2 double bedroom apartment with the opportunity to let out on a holiday or long term basis. The apartment benefits from 2 double bedrooms, large lounge with kitchenette area and bathroom offering stunning views.

Within the grounds is a large timber and stone barn with outline planning permission to create a further 2/3 self contained letting apartments.

OWNERS' ACCOMMODATION

The extensive private accommodation comprises: lounge with feature fireplace and exposed roof rafters, fully fitted kitchen, master bedroom with walk-in wardrobe, 3 double bedrooms and a family bathroom.

EXTERNAL

The building is located within a large plot of land and comprises of:- large car park, 3 lawned beer gardens and a new raised decking area.

The garden to the front of the property is delightful offering wonderful views and the opportunity for marquee events. To the rear, are two lawned areas with the possibility of creating a children's play area and a newly built wooden decked area.

TRADING ANS 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 - Thurs 10am - 2am

Fri - Sun 10am - 3am

Current opening hours are:

Monday 7pm - Midnight

Tues - Fri 4.30pm - Midnight

Sat - Sun Midday - Midnight

Clearly there is demand to increase the current opening hours and open all day every day should new 'hands-on' operators/owners wish to reap the obvious financial rewards achievable.

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

We are instructed to offer the business and property for sale freehold (although we have not had sight of the title deeds). We are advised that mains water and electricity are connected with LPG and Oil for the Central Heating System. Drainage is by septic tank (no services seen or tested).

Business rates payable are advised as currently being a very favourable circa £1,500 per annum.

THE BUSINESS

Our vendor client has successfully run the business for approximately 11 years as a 'quality of life' purchase and have totally refurbished and extended the premises. They have established a solid trading foundation offering high quality food and drinks in superb surroundings, yet there is still huge scope for new enthusiastic owner operators to increase upon the sales and take advantage of the new letting accommodation. This business has provided them with an enjoyable lifestyle and a lovely place to live. Accounts for year end March 2006 will declare takings in the region of £257,000 (inclusive of VAT) split circa 50% food / 50% wet. Gross profit was in the region of £133,000. The reconstituted net profit (i.e. after adding back finance, depreciation, excess motoring/refurb/wages) was circa £70,000.

Whilst the business is currently thriving and extremely profitable, we feel that there is clearly further scope for newer 'hands-on' aggressive operators to exploit the obvious potential and take this business further. The current owner has developed the stone barn into a function room although has been utilising it as a separate entity, this leaves huge scope for private events such as weddings, birthdays and other parties with the garden directly to

Property information

Property:

Freehold