8230F

• Imposing 19th century inn located in the prime location of Lasham.
• Traditional and welcoming Lounge Bar (circa 35), a cosy and versatile Private Dining Room (circa 14 covers) and a delightful multi-functional Restaurant (circa 30+ covers).
• Having been refurbished and modernised with no expense spared yet retaining and exuding a wealth of charm and character throughout.
• Highly impressive 4 bedroomed family accommodation.
• Fully equipped Commercial Catering Kitchen.
• Good sized lawned Beer Garden (circa 75+) and Patron’s Car Park for circa 30+ cars.
• Advised current turnover circa £325,000 (incl. VAT) achieved from 9 months trading.
• Trade split circa 35% wet and 65% food. Undoubted potential for catering/events orientated operators.

Location

This superbly presented inn is prominently situated in the heart of the highly sought after village of Lasham, adjacent the village church and also Lasham Gliding Club Airfield and can be easily reached from junction 6 of the M3 motorway near Basingstoke. Having excellent road communications providing easy access to the M25, A3, M27 and the M4 motorways makes this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. Lasham is also ideally positioned to draw trade from many similar affluent nearby villages and towns which provide an excellent level of repeat local trade in addition to being situated close to Winchester, Farnham, Southampton, Portsmouth and Chichester making this superb business an enviable place to reside and a compelling trade opportunity.

THE PROPERTY

Main entrance at the front leading into the lobby with access in to the Lounge Bar (circa 35) is a delightful traditional and welcoming room exuding a lovely warm and peaceful ambience; having a feature return bar servery with a solid polished counter with a matching back fitting with shelving and refrigerated bottle coolers (not tested) which is complemented by an eclectic range of solid polished tables, chairs, leather arm chairs, perimeter bench style seating, upholstered mini stools and upholstered bar stools. Adding to charm and character of the room is the feature brick built open fireplace and the slate floor. Access to the Restaurant and the Private Dining Room.

Private Dining Room (circa 14 covers) is a versatile room exuding a cosy and intimate dining ambience and is well furnished with a good range of solid polished tables and upholstered chairs. Access to the Restaurant.

Restaurant (circa 30+ covers) set within two delightful dining areas offers versatility in its multi-functional usage and exudes an inviting and relaxing dining ambience and is extremely well furnished with an excellent eclectic range of solid polished tables and a wonderful mix of upholstered chairs. There is also a feature brick built fireplace with an inset log burner, lovely exposed brick walling, beamed ceiling and oak effect Karndean flooring.

Catering facilities include a good sized fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Ground Floor Cellar with delivery access, pumps, python and cooler.

Ladies and Gents W.C’s

OWNERS ACCOMMODATION

Situated on the 1st floor, being of a good size, presented in excellent decorative order and briefly comprises: 4 bedrooms, lounge, fitted kitchen and shower room.

EXTERNAL

There is a good sized lawned Beer Garden (circa 75+) with a good range of timber picnic benches. There is also a paved patio area with timber garden furniture. There is also a covered decked and paved patio area at the rear furnished with timber garden furniture, polished poseurs and upholstered bar stools and chairs. Patron’s parking facilities for circa 30+ cars.

There is also a good sized storage unit housing fridges and freezers and a single garage also currently used for storage.

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:

Monday – Sunday – 10.00am – Midnight

The current opening hours are as follows:

Monday – Friday – Midday – 2.30pm & 5.00pm – 11.00pm

Saturday – Midday – 11.00pm

Sunday – Midday – 9.00pm

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.

GENERAL REMARKS

The property and business are being offered for sale freehold (although we have not had sight of the title deeds). We are advised that the inn benefits from all mains services with the exception of a septic tank for sewerage, Calor gas for cooking and uses oil fired heating (services not tested). Business rates payable are advised as being £5,500 per annum.

THE BUSINESS

Our vendor clients operate this successful business as a ‘husband and wife’ team on a full time basis with the assistance of 1 full time and 15 part time/casual members of staff.

Trade is currently derived from circa 35% wet and 65% food sales, thereby providing immense scope for a new operator partnership with previous experience of running a catering/events orientated operation to take this business to even greater heights by focussing on a strategic and extensive marketing campaign to further promote the premises for weddings, private functions and wakes etc.

Advised current turnover circa £325,000 (incl. VAT) being derived from 9 months trading per annum. This truly is an incredible opportunity for either an owner operator to continue to build the business or for a commercial investor to enhance their existing portfolio.

This delightful inn is an extremely 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 £450,000 (incl. VAT) per annum.

The asking price reflects the current trading foundation, the location and quality of fixtures and fitting, and of course not forgetting that this is an extremely substantial freehold property.

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