8139F

• Located on a good size plot within the heart of this desirable Cotswolds Market Town.
• Spacious Open Plan Public Bar (circa 100+) with large bar servery, pool table, darts throw, flagstone floors, feature fireplace, beams and stage area.
• First Floor Restaurant/Function Room (circa 50).
• Detached Late Night Venue/Nightclub, ideal for functions and meetings during the week.
• 2 Bed Owners Accommodation.
• Lovely Patio Courtyard Area (circa 50).
• Potential for Commercial Catering Kitchen.
• Advised turnover circa £621,968 (incl. VAT) year end 01/18, based on a 100% wet trade basis with potential to introduce catering.

Location

This successful and thriving business is centrally located within the popular Cotswold Market Town of Stroud.

Stroud sits in the centre of Gloucestershire below the western escarpment of the Cotswold Hills at the meeting point of the Five Valleys. The Cotswold Area of Outstanding Natural Beauty surrounds the town and the Cotswold Way path passes through. It lies 10 miles south of the city of Gloucester, 14 miles south of Cheltenham and 13 miles from Cirencester.

The town is renowned for its culture and its steep historic streets along with being surrounded by lovely villages and historic buildings.

Stroud offers a good range of independent and national shops and supermarkets along with a range of amenities including good schooling.

THE PROPERTY

This Freehold property is built of brick construction under various pitched tiled roofs and benefits from a prominent corner position in the heart of this Gloucestershire town.

The Public Bar/Lounge Bar (circa 100+) is an open plan bar area offering a mix of flagstone and wood floors, large bar servery area, stage area, beamed ceilings, feature fireplace, pool table and darts throw. This room is home to 5 darts teams and 2 pool teams along with regular live music events.

The 1st Floor Function Room/Restaurant (circa 50) is currently unused but would be a fantastic restaurant area or function room offering wood floors, bar servery and beamed ceilings.

The Detached Late Night Venue (circa 100+) is located across the courtyard and acts as a nightclub at weekends and a function venue during the week. This excellent area benefits from solid wood flooring, bar servery, DJ Booth, Stage with Lighting and W.C’s.

Ladies & Gents W.C’s x 2.

There is a space for a Commercial Catering Kitchen.

The Lower Ground Floor Cellar has a python system, beer drop and coolers.

OWNERS ACCOMMODATION

Located on the 1st Floor and comprising of Two En-Suite Bedrooms, Lounge, Fully Fitted Kitchen-Diner, Office, Private Courtyard Garden and Garage.

EXTERNAL

This desirable property benefits from a Courtyard Patio Terrace Garden offering seating for approximately 50 customers.

There is an owners parking space.

TRADING HOURS

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:

Sun – Thursday 10am – Midnight

Fri – Saturday 10am – 2am

Current opening hours are:

Mon – Thursday 10am – 11pm

Friday 10am – 1am

Saturday 10am – 2am

Sunday Midday – 11pm

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.

GENERAL REMARKS

The property and business is being offered for sale freehold (although we have not had sight of the title deeds). The property offers all mains services along with being heated with gas central heating (no services tested). Business rates payable are advised as being £24,000 per annum payable.

THE BUSINESS

The current owners purchased the business 20 years ago and are offering this successful and thriving business to market due to retirement.

This extremely busy and profitable business has an enviable location in the heart of the town and although an already thriving business, it still offers further scope with the obvious introduction of food. The business is presented well and new operators will benefit from the considerable goodwill that our vendors have built over the past 20 years.

We are advised that accounts declare takings of circa £621,968 (incl. VAT) in the year end 01/18 on a 100% wet trade basis.

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

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details Prepared: March 2019