8284L

• Excellent roadside position yet surrounded by lovely countryside and a short drive to Stratford.
• Characterful Lounge Bar/Dining Area (circa 45) with flagstone floors, log burning fireplace and beams.
• Lovely light and airy Restaurant (circa 40) offering Karndean flooring, open fire and bar servery area.
• Superb Trade Gardens including a Lawned Beer Garden for 60 and a Patio Terrace for 36.
• Large Car Park for 60 cars.
• 4 Bedroom Living Accommodation.
• Commercial Catering Kitchen with Walk In Fridge & Freezer.
• Advised turnover circa £585,150 (inc VAT) year end Dec 2019 with a trade split of 40% wet and 60% dry.
• 12 Years remaining on a Charles Wells Lease.

Location

This characterful and highly desirable Country Inn & Restaurant is surrounded by rolling Warwickshire countryside yet only a few miles from the extremely popular and affluent town of Stratford Upon Avon. Stratford Upon Avon is a beautiful medieval market town in Warwickshire, sitting on the banks of the River Avon.

The town is located just off the M40 motorway, 22 miles south east of Birmingham and 8 miles south west of Warwick along with being on the edge of the Cotswolds.

The town is an extremely popular tourist destination owing to its status as birthplace of English playwright and poet William Shakespeare, and receives an estimated five million visitors a year. The River Avon runs through the centre of the town and many of the towns attractions sit on the banks including the world famous Royal Shakespeare Theatre.

THE PROPERTY

This Country Inn & Restaurant is a property of stone construction, under a pitched tiled roof, occupying an idyllic position.

The Lounge Bar & Dining Area (circa 45) is a lovely room full of character features including flagstone flooring, beamed ceilings, log burning fireplace, bar servery area and wood panelling.

The Restaurant (circa 40) is a light and airy room that benefits from excellent Karndean Flooring, open fireplace, bar servery area and excellent furnishings.

Ladies & Gents W.C’s.

There is a large Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces with a separate wash up and storage areas along with a Walk In Fridge and Freezer.

The Ground Floor Cellar henefits from coolers, python system and storage along with a lockable bottle store.

OWNERS ACCOMMODATION

The Owners Accommodation is located on the 1st Floor and consists of Four Double Bedrooms, Large Lounge, Fully Fitted Kitchen and Two Bathrooms.

EXTERNAL

To the rear of the property is a Beautiful Lawned Beer Garden for 60 customers along with a Patio Terrace Area for 36 customers. To the front is further seating for 12 customers.

To the other side of the building is a Large Car Park for 60 cars.

There is an area within the grounds that has been granted Planning Permission for 4 Wooden Lodges.

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 – Sat 10am – 2am

Current opening hours are:

7 days per week 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 business is being offered for sale as a Charles Wells lease assignment with approximately 12 years remaining of the full repairing, insuring and renewable agreement. We are advised that the business is free of tie for wines and spirits. We are informed that the rent is currently £43,000 with a rent review due in 2021. 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 & Tenancy Act 1954.

The property offers LPG and a Septic Tank and all other mains services along with being heated with gas central heating (no services tested). Business rates payable are advised as being circa £10,000 per annum.

THE BUSINESS

Our vendor clients purchased this busy business in 2016 and have built a strong trading foundation along with offering the property in excellent condition.

The business continues to grow and it is only ill health that stops our clients from benefitting from further improvement, offering new operators an excellent opportunity to acquire a desirable business in a sought after location.

We are advised turnover for y/e Dec 2019 is circa £585,150 with a trade split of 60% food and 40% wet.

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: July 2019