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A HIGHLY IMPRESSIVE AND EXCEPTIONAL 17th CENTURY PRIVATE ‘FREE OF TIE’ TRADITIONAL INN WITH 4 SUPERB ENSUITE LETTING ROOMS SITUATED IN THE HIGHLY DESIRABLE AND HISTORIC MARKET TOWN OF COLCHESTER, ESSEX

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  • Traditional community inn circa 400 years old situated in the prime location of Colchester.
  • Welcoming Lounge Bar (circa 20+), atmospheric Public Bar (circa 40) and a versatile and multi-functional Restaurant (circa 25+ covers).
  • 4 superb external Motel style Letting Bedrooms – all with ensuite facilities. There is also planning permission granted for an additional 4 external Letting Bedrooms.
  • Impressive 2/3 bedroomed family accommodation.
  • Well-equipped Commercial Catering Kitchen.
  • Presented in excellent decorative order exuding a wealth of charm and character throughout.
  • Advised current turnover circa £625,000 (incl. VAT).
  • 100% wet sales. Immense potential for catering orientated operators.
  • Private ‘FREE OF TIE’ lease.
A TRULY EXCELLENT OPPORTUNITY TO PROCURE A WELL ESTABLISHED AND SUCCESSFUL LIFESTYLE BUSINESS AND FAMILY HOME OFFERING TREMENDOUS GROWTH POTENTIAL
ASKING PRICE £129,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This outstanding business is located on the outskirts of the highly desirable and densely populated historic market town of Colchester, in the delightful county of Essex and can be easily reached from the A12/A1124 intersection. Situated in the heart of the commuter belt and also having excellent road communications providing easy access to the major motorways making this superb location an extremely popular commuter area for the major international airports. Colchester is also within close proximity to the Harwich and Parkeston Ferry terminal. Colchester is also situated close to Braintree, Ipswich, Chelmsford, Felixstowe and Clacton On Sea making this traditional community inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of passing and repeat trade. A compelling trade opportunity.

THE PROPERTY

This substantial and impressive 17th century inn occupies an excellent prominent and easily accessible trading position.

Covered main entrance at the front leading into the Public Bar and Lounge Bar.

Lounge Bar (circa 20+) exuding a wonderful comfortable and welcoming ambience having a feature return bar servery with a solid polished counter and a matching back fitting with trade optics and refrigerated bottle coolers (not tested) which is complemented by a range of solid polished tables, leather chairs and bar chairs. Adding to the charm and character of the room is the feature brick built through open fireplace. Access to the Public Bar and Restaurant.

Restaurant (circa 25+ covers) being a multi-functional room and yet offers a relaxing dining atmosphere and is furnished with solid polished tables and leather chairs.

Public Bar (circa 40) is a good sized versatile room having a feature return bar servery with a solid polished counter and a matching back fitting with refrigerated bottle coolers (not tested). The room is furnished with solid polished tables, leather chairs, fixed upholstered perimeter seating and upholstered bar stools. Adding to the charm and character of the room is the delightful brick built fireplace with an inset log burner. There is also a pool table, a digital jukebox and an AWP. Access to the Courtyard.

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

Ground Floor Cellar with delivery access, pumps, pythons x3, post mix and cooler.

Ladies and Gents W.C.’s.

OWNERS ACCOMMODATION

Situated on the 1st floor, offering good sized rooms presented in good decorative order and briefly comprises: 2/3 bedrooms, lounge/bedroom, kitchen and bathroom.

LETTING ACCOMMODATION

Situated at the rear of the inn, offer Motel style rooms, presented in excellent decorative order and briefly comprises: 4 bedrooms – all having ensuite facilities, T.V and tea/coffee making facilities. There is also a good sized enclosed lawned garden with rattan style garden furniture for the use by the Motel guests.

N.B. Agents Note: There is also planning permission granted for an additional 4 external Letting Bedrooms.

EXTERNAL

There is a good sized lawned Beer Garden at the side with a paved patio area and furnished with timber picnic benches. There is also a walled and paved patio area at the front furnished with a range of garden furniture plus a covered designated smoking area and an additional enclosed paved Courtyard at the rear with rattan style garden furniture and a covered designated smoking area. There is also a private yard with storage facilities. Patron’s car parking facilities for circa 30 cars.

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:

Sunday – Wednesday – 10.00am – Midnight

Thursday – Saturday – 10.00am – 01.00am

The current opening hours are as above.

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 business is offered for sale as a lease assignment with approximately 6 years remaining of the ‘PRIVATE’ full repairing and insuring, renewable agreement. We are advised that the inn is ‘FREE OF TIE’. We are informed that the rent is currently circa £40,000 per annum. We are advised that the inn benefits from all mains services and uses gas fired central heating (no services seen or tested). Business rates are advised as being TBC.

THE BUSINESS

Our vendor client operates this excellent business as a ‘sole trader’ on a full time basis with the assistance of 4 part time members of staff. Trade is currently derived from 100% wet sales. Whilst emulating the current business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a catering/lettings orientated operation to take the business to the next level by exploiting the obvious food/functions and letting potential that is to be found here. There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc and by also using online booking agents to further promote the 4 ensuite Motel style letting bedrooms which would have an incredible positive impact on the turnover and profits. Advised current sales are circa £625,000 (incl. VAT). This extremely popular inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect fully focussed and fully committed operators to achieve a turnover well in excess of £725,000 (incl. VAT).

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

This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

Details Prepared: April 2019

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