Business for sale

Business description

Unopposed landmark 17th century turnpike coaching inn commandingly positioned on a40 twix Gloucester & ross on we a blend of history and opportunity fine example of a prime village coaching inn offered at a most acceptable price of £99,999 lease assignment just partially tied to include fixtures and fittings, goodwill plus s.a.v

*strong sales foundation of £344,843 inc vat – split 45% wet to 55% dry – £40,000 + rnp – unbridled scope to add value

*beamed flagged lounge bar(36+) – open plan period dining (36) –bar & games(38+) – separate function room(80+)

*family secure garden (150)-lawned garden(50)-front patio(20) – car parking (60)

*generous flexible 4 bedroomed family accommodation – 2 families or b&b

*close to popular golf course and within wealthy residential forest of dean village

*protected & renewable 20 year lease fot for guest ale, cider, wine, spirits, minerals & machines – possibly best lease on market

LOCATION (gl19 3du)
The royal forest of dean has been a favoured location for many centuries for hunting parties with royal patronage seeing noblemen, princes and kings in pursuit of game within the mystical forest canopy.

In the 17th & 18th centuries the forest developed an industrial connection with the growth of mining and forestry within the area supported by the ports developing on the banks of the river severn. Huntley is a thriving village situated on the a40 from Gloucester to Cresson and there has been a settlement there since at least 1100 ad.

It grew up at the foot of the forest escarpment at the junction of two important forest roads both of which have roman origins and where “turn-piked” in 1726 . Originally an agricultural parish, Huntley was an early manor but is mainly notable for its church with original 12th cent Norman tower. A traditional English village it still has an old village school , church and of course a pub.

Nearby the impressive may hill attracts visitors with its commanding 50 mile views. Once a favoured locale for Oliver Cromwell, today Huntley is a popular residential village which also attracts day trippers travelling in and out of the forest and those using the nearby golf course.

PROPERTY DESCRIPTION
A classic 17th century detached property worthy of note constructed of brick and stone commanding an impressive corner position and large footprint. At one time the business was also used as a garage and you will see photos inside with petrol pumps to the front of the inn. Public bar and games room with pool table, is fully carpeted and has a large wood burning stone set into fireplace.

Furnishings are simple with some pew style seating and loose tables and chairs. Lounge bar has a period style low ceiling and part panelled walls and exposed beams along with brick and beam inset fireplace. Stripped oak floors with throw rugs , pew seating and loose tables and chairs provide a comfortable relaxed and informal dining space.

Dining room is through from the main lounge and has a stripped polished oak floor and fireplace to one end , then leading onto the catering kitchen which is fully equipped and has full extraction fitted. Function room ( up to 100) has its own bar servery, hard surface floor along with “skittle alley “ and is a popular venue for village folk and local clubs and societies.

Central bar servery has a full range of hand pulls and bright beer pumps. Beer cellar is set deep and is chilled. Toilets are well presented.

OWNERS ACCOMODATION
Owners have a large flexible arrangement of 4 bedrooms, 2 living rooms, office, fully fitted private kitchen, 2 family bathrooms and a shower room. Currently the accommodation is used by 2 families however it could be utilised for b & b or an extended larger family.

EXTERNALS
Car parking is available for around 60 vehicles. To the rear with access from the bar area is heated patio area used as a smokers solution leading onto the large secure family garden with picnic sets then to the side a grassed area with benches and to the front entrance a patio with benches.

PREMISES LICENCES
The premises license allows opening of 8am through till 12 midnight all week. Currently our clients chose to open Monday through Thursday 11.30am till 3pm then 6pm till 12pm ( Friday 5pm till 12pm) & Saturday / Sunday 12 noon till 12 midnight. This offers plenty of scope for extra trading hours if required. A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc bii courses.

TENTURE
The business is being offered with the benefit of a 20 year partially tied lease from enterprise inns ( formally Whitbread pub partnerships) commencing 1997 with a current rent of £32,476 set until 2009.the lease is fully protected under the landlord & tenant act and therefore fully renewable at its end for a further 20 years at no further cost ( the business is already yours).

The lease avails the purchase of the following out of tie – guest ales – cider – wines –spirits – minerals – machine income making this the most popular and friendly lease agreement available
services
we are advised that the pub benefits from mains electric, water, sewage with heating and cooking by lpg. Business rates are advised as £11,399 pa payable.

THE BUSINESS
Our clients have run the business since 2002 and have developed the business to become the “hub” of the local community. Sales for y/e feb 2008 show £344,843 on a split of 55% dry to 45% wet showing a reconstructed disposable net profit of circa £40,000 ( after adding back any personal expenses depreciation and exceptional one off items) and has provided a good return for 2 families having lived out of the business and paid all expenses including rent.

There is an obvious opportunity to further develop sales by utilising current unused available trading hours which could add a further £50,000 to the top line of the business bringing the net profits to circa £60,000 which provides a strong return on investment and effort.

This is an exceptional opportunity to further build on an existing thriving business located within a most favourable part of England a must to view early

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