Business for sale

Business description

A charming 17th century stone built village inn occupying a prominent trading position in the prosperous and select village of llanfynydd on the outskirts of wrexham.

An opportunity of a lifetime to own your own business and superior quality home in this well populated rural village. This wonderful and rare freehouse is now offered at a most realistic asking price of £425,000 freehold to include fixtures and fittings, goodwill plus s.a.v.

*Sales of £175,000 Inc VAT y/e October’06 on 50/50 split – circa £51,000 recon net profits.
*Contemporary internals within traditional rural atmosphere – Lounge (22), Bar (25+vertical), Snug (15+ vertical), Restaurant (42)
*Excellent spacious four d/bed roomed owners accommodation with fully fitted kitchen.
*Limitless growth available, in particular lunchtime and Monday trade for this food destination hostelry.
*Recently developed outdoor dining (18) with patron car parking for 20 vehicles.
*Freehold providing an ideal private purchase where quality of lifestyle and superior home are a must, investment or corporate buy.

LOCATION (LL11 5HH)
This village Inn occupies a prominent position on the main B5101 road through this attractive, prosperous and well populated village. To the front of the premises is St. Michael’s church and the local shop with the Inn providing a relaxing conclusion for a visit up nearby Hope Mountain.

Situated on the delightful rural outskirts of the major North Wales centre of Wrexham, this old established gastro destination hostelry has earned a priceless reputation with visitors and locals alike.

Only 20 minutes from the ‘honey-pot’ City of Chester and 40 minutes from Snowdonia this business is within easy access of all major North Wales attractions.

‘Tree tops fisheries’ log cabins currently being built locally with fly fishing lakes and separate watersports lake are providing a good source of new local business from the visitors.

Flintshire is remarkably rich in historical remains, simply because it has been frontier country for centuries. The Romans marched through the area for more than 300 years leaving numerous remains.

Flintshire is dotted with castles built during the ongoing power struggle between the Welsh princes and Norman kings.

PROPERTY DESCRIPTION
This detached, attractive and traditional black and white exterior hostelry dates back to the 1660’s with period charm and character.

The property is set unopposed and occupies a corner position on the edge of this quintessential village and has been tastefully modernised over the years whilst retaining a wealth of interesting original features.

The lovely property with a warm and welcoming atmosphere is of stone construction under pitched slate roofs with flat roof extension to the rear.

Restaurant (42) contemporary wooden tables & chairs with exposed stone walls and original timber.

Lounge (22) ‘once the village blacksmith’s’ enjoys a real hearty fire with beautifully carved settles resting upon a carpeted floor.

Bar (25) features beamed ceiling with hanging brasses, working fire and wooden furniture set upon a quarry tiled floor.

Front bar (5 + vertical) two traditional style stools and bench seating.

Raised snug (15+vertical) – climb the few steps with ornate wrought iron rails to find an angled beam ceiling overlooking the wall lined upholstered bench seating and wooden furniture that also serves as a meeting room.

Central stone faced bar servery with polished timber top offering a full range of draught and bottled beers, wines and spirits. Ladies & gents toilets on the ground floors are tiled and furbished to a good standard.

Catering kitchen is fully equipped to a high standard with new commercial units in the last 3 years. The premises has benefited from a full re-wire in 2004 and a new heating boiler recently.

OWNERS ACCOMMODATION
The large corner black leather sofa and dark wood lounge units set off this excellent, bright & airy ground floor lounge. Adjacent to this is the large fully fitted kitchen/breakfast area.

To the first floor is the sumptuous four double bedrooms all well furnished (fitted wardrobes to the master bedroom) with a large and very pleasant fully tiled bathroom.

EXTERNALS
Rear beer garden (18) with wooden picnic tables and umbrellas recently developed. Private car parking for 20 vehicles.
Owners private court yard with table & chairs, private garage and outbuildings for storage to the rear.

PREMISES LICENSES
We are advised that the premises license allows for 12.00 – 24.00 Mon-Thurs, 12.00 – 01.00 Fri-Sun and the business currently trades 17.00 – 24.00 Tues-Sat, 12.00 – 24.00 Sun, Closed all day Monday and lunchtimes except Sunday.

A personal license will be required and our training associates can assist with this for you.

TENURE
We are instructed to offer the property and business for sale as COMPLETELY FREEHOLD.

SERVICES
We are advised that business rates payable are circa £2,000 per annum and the inn benefits from mains electric, gas, water and sewage with oil central heating.

THE BUSINESS
The Cross Keys is widely renowned for serving quality pub meals at the right price and has also earned inclusions in the CAMRA and Good Beer Guides.
The business has been family owned for 5 years, but with 2 young children and other business interests they now wish to move on.

The trade sales figures of £175,000 inc vat on a sales split of 50/50 with a Recon Net Profit of £51,000 need to be considered as a ‘starting block’ upon which to build. A new owner with culinary flare will have the ability to exploit the untapped lunchtime trade and further develop the popular evening trade , you could easily expect sales to exceed £300,000 with a refocus by a new energetic owner which would cascade down to 30% disposable Net Profits.

A rare opportunity to invest in a keenly priced freehold that provides good income with huge potential to develop further and exceptional living standards.

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

Ref: W4364F