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A THRIVING AND DISTINCTIVE EARLY 20th CENTURY TRADITIONAL ENGLISH AWARD WINNING VILLAGE INN FOR SALE SITUATED IN THE AFFLUENT AND HIGHLY DESIRABLE SURREY HILLS VILLAGE OF TONGHAM, SURREY

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  • Wonderful early 20th Century Inn located in the affluent village of Tongham.
  • Traditional Lounge Bar (circa 20+), multi-functional Public Bar (circa 40+) and a versatile Dining Room (circa 30+ covers).
  • Wealth of charm and character throughout exuding a warm and welcoming ambience with open fires.
  • Impressive 3 Bedroomed Family Accommodation.
  • Well-equipped Commercial Catering Kitchen.
  • Good sized Beer Garden (circa 100). Patrons’ Car Park for circa 20 cars.
  • Advised current turnover circa £490,000 (incl. VAT).
  • Trade split circa 85% wet and 15% food. Immense potential for catering/events orientated operators.
  • Enterprise Inns partially tied renewable lease.
AN AMAZING OPPORTUNITY TO ACQUIRE THIS EXTREMELY WELL ESTABLISHED BUSINESS AND FAMILY HOME OFFERING UNTOLD GROWTH POTENTIAL AND A WONDERFUL QUALITY OF LIFE IN AN ENVIABLE LOCALE


ASKING PRICE £50,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This outstanding business is situated in the highly desirable and affluent village of Tongham (near Farnham) in the heart of the beautiful Surrey Hills and can be easily reached from junction 5 of the M3 motorway near Basingstoke or junction 10 of the M25. Situated close to the old English market town of Farnham with easy access to the M3, A3, M25, M23, M40 and M1 makes this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick. This delightful village inn is ideally situated to draw trade from Farnham, Ash Green and Tongham itself, and also attracts a desirable clientele emanating from the affluent nearby surrounding towns, villages and larger catchment areas situated within the Surrey Hills. Tongham, one of Surrey Hills’ most popular villages, is a highly desirable area for families. A compelling business opportunity and an enviable place to reside.

THE PROPERTY

This traditional village inn exudes a lovely cosy ambience and epitomises a typical English village inn. Main entrance at the front leading into the lobby with access into the Lounge Bar.

Lounge Bar (circa 20+) being a lovely traditional room exuding a welcoming ambience. Having a feature return bar servery with a solid polished counter and matching back fitting with trade optics and refrigerated bottle coolers (not tested) which is complemented by a range of loose polished tables, upholstered chairs and upholstered bar chairs. Adding to the charm and character of this room is the feature brick built open fireplace and the beamed ceiling. Access to Dining Room.

Dining Room (circa 30+ covers) is a lovely versatile room having a return bar servery and is well furnished with a good range of loose polished tables, fixed upholstered perimeter seating and upholstered chairs. There is also a feature log burner fireplace and a beamed ceiling. Access to the Public Bar.

Public Bar (circa 40+) is a good sized multi-functional room (ideal for private functions and parties etc) having a return bar servery counter and is furnished with a range of solid polished tables, leather chairs, leather sofas and upholstered mini stools. There is a pool table with lighting over, AWP’s x 2 and a digital jukebox. The room also has a Karndean floor and a beamed ceiling. Access to the Beer Garden.

Catering facilities include a well-equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a Dry Goods Store Room.

Lower Ground Floor Cellar with dray drop, pumps, pythons x3, tilt racks, post mix and cooler.

Ladies and Gents W.C.’s.

Office

OWNERS ACCOMMODATION

Situated on the 1st floor; being of a good size and presented in good decorative order briefly comprises: 3 bedroom, lounge/kitchenette and bathroom.

EXTERNAL

There is a good sized enclosed lawned Beer Garden (circa 100) at the rear having a paved patio area and a raised timber decked patio. The garden is well furnished with timber picnic benches. There is also a covered designated smoking area and a brick built barbeque with a timber pergola over. At the front there is a lawned area and timber picnic benches. Patrons’ Car Park for circa 20 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 – Thursday – 07.00am – Midnight

Friday & Saturday – 07.00am – 01.00am

The current opening hours are as follows:

Sunday & Monday – Midday – 10.30pm

Tuesday – Thursday – Midday – 11.00pm

Friday & Saturday – Midday – Midnight

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 2½ years remaining of the Enterprise Inns full repairing and insuring, renewable agreement. We are advised that the inn is partially tied to draught beers and bottled beers ONLY. We are informed that the rent is currently £43,000 per annum. 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 & Tenant Act 1954. We are advised that the inn benefits from all mains services and uses gas fired heating (no services seen or tested). Business rates payable are advised as currently being circa £8,500 per annum.

THE BUSINESS

Our vendor client operates this excellent business as a ‘sole trader’ on a full time basis with the assistance of a full time manageress, plus 1 full time and 6 part time staff. Trade is currently derived from circa 85% wet and 15% food sales, thereby providing tremendous scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation to elevate this business to the next level by expanding the current food offering and by also focussing on a strategic marketing campaign to promote the diversity of the premises to cater for private parties and wakes etc, for which there is huge demand within the locale. This is truly an extremely rare and outstanding opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City or even as an additional income stream whilst commuting.

Advised current turnover circa £490,000 (incl. VAT). This delightful inn is a 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 £600,000 (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: July 2019

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