This outstanding property and business is situated in the affluent and highly sought after market town of Horsham in the beautiful county of West Sussex and can be easily reached from the A24. Situated within the M23/A23 corridor having excellent road communications providing easy access to the M23, M25, M27 and M3 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. The market town of Horsham is also within the catchment area of many similar affluent villages and towns in addition to being situated close to Chichester, Crawley and Burgess Hill and the coastal resorts of Worthing, Brighton and Bognor Regis making this superb inn ideally situated to attract trade from these nearby surrounding towns and villages.
This wonderful inn is an attractive property and occupies an excellent trading position directly behind the train station.
Main entrance at the front leading into the lobby with access in to the Public Bar and Lounge Bar.
Public Bar (circa 70+) is a traditional and welcoming room having a feature return bar servery with a solid polished counter, glass gantry and a matching mirrored back fitting with trade optics and refrigerated bottle coolers (not tested), which is complemented by an excellent range of solid polished tables, solid polished poseurs, faux leather padded chairs and bar chairs. There is also a feature brick built fireplace with an inset coal burner gas fire, part solid oak flooring and part panelled walls adding to the charm and character of the room. There is also a pool table, a darts throw, a digital jukebox and a games machine. Access to the Courtyard and Beer Garden.
Lounge Bar (circa 50) features a fully functioning brick built open fireplace and is a good sized versatile room, ideal for private functions, parties and wakes etc and is well furnished with a good range of solid polished tables, faux leather padded chairs, fixed upholstered perimeter seating and bar chairs.
Lower Ground Floor Cellar with dray drop, pumps, pythons x2, tilt racks, post mix and cooler.
Ladies and Gents W.C.’s.
Being situated on the 1st floor, being of a good size, presented in good decorative order and briefly comprises: 3 bedrooms, lounge, dining room, kitchenette and bathroom.
The top floor of the building is used as loft space for storage. It has huge potential for additional accommodation with investment (subject to any necessary consents)
There is also an adjoining building (situated by the courtyard and beer garden) which is used for storage. This has potential to be developed into self contained accommodation or catering facilities with investment (subject to any necessary consents).
There is a good sized enclosed paved Beer Garden (circa 100+) with timber picnic benches. There is also an enclosed paved Courtyard (circa 20) with a large umbrella and tables and chairs. Patron’s car park opposite for circa 16 cars. Large double garage and driveway for 2-3 cars is currently used solely by owners.
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:
Sunday – Thursday – 10.00am – Midnight
Friday & Saturday – 10.00am – 01.00am
The current opening hours are as follows:
Monday – Thursday – 4pm – 10.00pm
Friday & Saturday – Midday – 11.30pm
Sunday – Midday – 8.00pm
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The business is offered for sale as a lease assignment with approximately 10 years remaining of the Stonegate PLC full repairing and insuring, renewable agreement. We are advised that the inn is partially tied to draught beers and spirits ONLY. We are informed that the rent is currently £47,000 per annum (which includes a tie release fee of £6,000). 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 & Tenant Act 1954. We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested). Business rates payable are advised as currently being circa £18,000 per annum.
Our vendor client operates this excellent business as a ‘sole trader’ on a full-time basis with the assistance of 9 part time/casual members of staff. Trade is totally derived from wet sales and whilst emulating the current business model there is still immense potential for a new hands-on owner operator partnership to take this business to the next level by exploiting the obvious food potential, focussing on a strategic marketing campaign to promote the business for private parties and wakes etc plus the letting potential of the additional spaces (currently used as storage) if invested in and fully refurbished.
Advised current sales are circa £420,000 (incl. VAT). This delightful inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator to achieve a turnover well in excess of £500,000 (incl. VAT).
Accounting information will be made available to interested parties after viewing.
Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.
Details amended: January 2022