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A THRIVING AND HIGHLY IMPRESSIVE AND SUBSTANTIAL 20th CENTURY FREEHOLD FREEHOUSE AVAILABLE FOR THE FIRST TIME IN 35 YEARS SITUATED IN THE EXTREMELY SOUGHT AFTER AND AFFLUENT VILLAGE OF CHEAM, SURREY/LONDON BORDERS

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  • Thriving village inn located in the highly sought after and prime location of Cheam.
  • Good sized traditional main Public Bar (circa 40+) exuding a delightful welcoming ambience, a cosy Snug Area (circa 15) and a versatile and multi-functional Restaurant (circa 30 covers).
  • Presented in excellent decorative order; exuding a wealth of charm and character throughout with beamed ceilings and beamed walls.
  • Impressive 2/3 bedroomed family accommodation.
  • Well-equipped Commercial Catering Kitchen.
  • Advised current turnover circa £470,000 (incl. VAT).
  • Trade derived from 100% wet sales. Immense potential for catering/events orientated operators.
  • Possible change of use (STTP).
  • AVAILABLE FOR THE FIRST TIME IN 33 YEARS.
AN INCREDIBLY RARE OPPORTUNITY TO PROCURE A THRIVING AND PROFITABLE BUSINESS AND FAMILY HOME OFFERING IMMENSE GROWTH POTENTIAL


ASKING PRICE £895,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This impressive business is located in the highly desirable and affluent village of Cheam and can be easily reached from junction 9 of the M25 near Leatherhead.

Situated within the commuter belt being approximately ONLY 10 miles from the capital city of London and also having excellent road communications providing easy access to the M23, M3, M4, M20, M40 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow.

This superb village inn is an extremely popular venue with excellent levels of trade all year round and is ideally situated to draw trade from Cheam itself which is further enhanced by its first class reputation that attracts trade from a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas that culminate in providing a continuous and consistent flow of repeat trade. A compelling business opportunity and enviable place to reside.

THE PROPERTY

Main entrance at the front leading into the main Public Bar.

Public Bar (circa 40+) is a good sized versatile room exuding a lovely welcoming and traditional feel having a long feature timber built return bar servery with a solid polished counter, a glass gantry above and a matching mirrored back fitting with trade optics and refrigerated bottle coolers (not tested).

The room is well furnished with a good range of solid polished tables, leather upholstered chairs and bar stools. Adding to the charm and character of the room is the beamed ceiling and the beamed walls. There is also a wrought iron spiral staircase leading up to the first floor Restaurant. Access to the W.C’s and the Snug Area.

Snug Area (circa 15) is a cosy and relaxing area furnished with solid polished tables and leather chairs set within private booth style seating areas.

Restaurant (circa 30 covers) situated on the first floor; is a versatile and multi-functional room (ideal for private functions, wakes and meetings etc) being well furnished with a good range of solid polished tables and upholstered chairs. The room also has part panelled walls and access to its own W.C’s.

Catering facilities include a commercial kitchen (situated on the 1st floor) being well-equipped with stainless steel appliances and preparation surfaces (appliances not tested).

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

Ladies and Gents W.C’s x 2 sets

OWNERS ACCOMMODATION

Situated on the 2nd floor, being of a good size and presented in good decorative order, briefly comprises: 2/3 bedrooms, lounge/bedroom 2, office/bed 3, kitchen and 2 shower rooms.

EXTERNAL

There is a licensed seating area at the front and a private parking space at the rear.

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 – Thursday – 11.00am – Midnight

Friday & Saturday – 11.00am – 12.30am

Sunday – Midday – 11.30pm

The current opening hours are as follows:

Monday – Thursday – 11.30am – 11.00pm

Friday & Saturday – 11.30am – Midnight

Sunday – Midday – 11.00pm

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 service and uses gas fired central heating (services not tested). Business rates payable are advised as being £7,386 per annum.

THE BUSINESS

This successful and profitable business is currently operated under management by a full time manager with the assistance of 1 full time assistant manager and 5 part time members of staff.

Trade is currently derived from 100% wet sales, thereby providing immense scope for a new full time hands-on 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 private functions and wakes etc and with the introduction of a decent food offering.

Advised current turnover is circa £470,000 (incl. VAT).

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 highly 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 £550,000 per annum (incl. VAT).

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

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

The property 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 via Guy Simmonds on 01332 865112.

Details prepared: June 2019

ADDITIONAL IMAGES

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