Business for sale

Business description

An outstanding opportunity to run a land mark pub in the sought after town of statford upon avon with 4 ensuite letting bedrooms.

A large landmark pub positioned in a very much sought after location in the desirable locale of stratford upon avon with a partially tied lease and with huge additional trading potential.

*Consistent weekly sales of over £5,000, huge potential to develop food trade and maximize the full potential of this site on wet, food and bed and breakfast

*A landmark site prominently positioned on the busy main road into Stratford upon Avon in an affluent residential area under a mile from the town centre

*Four newly refurbished en suite letting bedrooms (3 doubles, 1 single), on the first floor with separate entrance from the pub

*Closest pub to Stratford Races and Caravan site

*Spacious owners flat on the top floor, which is completely separate from the letting bedrooms on the first floor

*A partially free of tie lease, allowing a guest ale and no tie on wines, spirits, minerals alcoh pops and 100% machine income

LOCATION (CV37 9AA)
This pub occupies a corner plot and is in a dominant position with high visibility on the road into Stratford upon Avon . Stratford is a very desirable town to live in and work and enjoys all year tourism and is a worldwide destination for tourists as it is the home of William Shakespeare. Presently the Stratford theatre is being rebuilt and when it reopens it will be a world class stage, bringing more tourism into Stratford and increasing the demand for bed and breakfast.

This pub is under a mile from the very centre of Stratford and is the closest located pub to the race course and caravan park. Stratford is close to all the motorway networks it is 6 miles from the M40 and the M42, M6, M5, M69 and M1 can all be reached in under half an hour. Stratford has a major rail net work and is under an hour from Birmingham international airport

Stratford is a very desirable residential location and is a beautiful town on the edge of the quintessentially English countryside and towns of the Cotswolds.

PROPERTY DESCRIPTION
A large imposing detached property on three floors. The property is built of brick with a pitched slate roof. Main lounge can seat 50 plus, it is traditionally furnished giving the area a relaxed and cosy atmosphere, the area is split with a central gas fire place which is a real feature. Leaded windows and fixed seating enhance this area.

The bar is an l shaped bar and along from the lounge area there is a further seating area and bar stools around the bar which is presently the drinking area. A separate area with a wooden floor has a pool table where the local pool team play. The total area downstairs is visible from the bar which makes the running of this pub so much easier.

The downstairs is a spacious area and has huge potential to grow the food side of the business which would not be at the detriment of the strong local wet trade. Well refurbished gents and ladies toilets are found on this floor. A well equipped commercial kitchen with extraction and a 4 burner stove, wall mounted grill and double fryer can enable £1,000 plus worth of catering sales to be achieved on a weekly basis.

A spacious beer cellar is located below the ground floor. On the first floor there are 4 en-suite bedrooms that have all been recently refurbished. The first is a large room with a king size bed, settee and bay window and a featured large jacuzzi bath. The second room is furnished with a modern look and again has a king size bed, settee and an en-suite shower.

The third bedroom is a twin room with en-suite shower. The fourth bedroom is a single room with en-suite shower. All the bedrooms lead on to a wide landing which is well carpeted and the stairs down lead to the pub or an external door, so at night guests do not have to enter the bar areas to get to the rooms.

OWNERS ACCOMODATION
Located on the second floor (top of the building) a spacious and well appointed flat with two large double bedrooms, the master bedroom has an attractive alcove for the bed and is a very large room, the second bedroom again is a good sized room with a double bed. The lounge has two large leaded windows and a modern electric fire and again is a huge room.

The kitchen is fully fitted and the bathroom has a separate bath and shower. Being on the top floor the flat is quiet and well lit with plain glass windows throughout.

EXTERNALS
To the front of the pub is an ornamental gravelled patio area with 6 bench tables and a low fenced wall and this area is accessed from the main pub lounge area. At the back of the pub by the pool area there is a smoking area which has been furnished with decking and has two wrought iron tables and 8 chairs, heat lamps, a canopy on the wall. The car park can adequately park over 20 cars. In the car park are two garages which the pub currently rents out for £160 a month

PREMISES LICENSE
We are advised that the business trades on opening hours of Friday, Saturday and Sunday 12am-12pm, Monday, Tuesday, Thursday 12-3pm and 5-11pm and on a Wednesday 5-11pm. The premises license allows trading from 11am to 12pm Thursday – Sunday and 11am – 11pm Monday, Tuesday and Wednesday.

TENURE
The business is being offered as an assignment of a fully renewable 20 year lease commencing june 1996, it is an old laurel lease (now part of enterprise inns). The lease is landlord and tenant act protected, therefore renewable at no further cost at its end, subject to the acts conditions for a further 20 year period.

The lease is partially tied this allows for a guest ale, there is no tie on wines, spirits, minerals and alcho pops and gaming machine and pool table income is 100% to the lessee. The rent is 35,500 per year, with the last rent review being june 2007 and the next being june 2010.

SERVICES
We are advised that the pub benefits from all mains services. FULL GAS central heating. Business rates are £8,100 payable p.a.

THE BUSINESS
Our clients have run the business for 3 years and are now retiring. Sales for the last year are £268,691 INC vat with weekly sales of £5,000 plus. The split is 85% wet, 5% food and 10% accommodation.

There is huge potential to grow the food sales and also the bed and breakfast side of the business. The wet side currently enjoys 2 pool teams, 4 darts teams, 2 dominoes teams, 2 football teams and a golf team.

On the bed and breakfast side a single room is charged at £40, a double or twin for two sharing at £70 and the deluxe bedroom with the feature bed and Jacuzzi at £120 a night.

Ref: B4423L