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AN EXCEPTIONAL AND IMPRESSIVE SUBSTANTIAL AND TRADITIONAL 19th CENTURY FREEHOLD FREEHOUSE SITUATED IN THE AFFLUENT HIGHLY DESIRABLE VILLAGE OF MILSTEAD IN THE BEAUTIFUL COUNTY OF KENT

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  • Imposing 19th Century village inn located in the prime village of Milstead.
  • Traditional and Welcoming Lounge Bar (circa 20), delightful versatile and multi-functional Restaurant (circa 30 covers) and a Private Dining Room (circa 20 covers).
  • Good sized fully equipped Commercial Catering Kitchen.
  • Impressive 4 Bedroom Family Accommodation.
  • Very good sized Beer Garden (circa 200+) and Patron’s Car Park for circa 20+ cars.
  • Advised current turnover circa £130,000+ (incl. VAT).
  • Trade split circa 90% wet and 10% food. Undoubted potential for catering/events orientated operators.
  • Presented in excellent decorative order throughout having been refurbished and modernised yet retaining a wealth of charm and character.
AN EXCITING BUSINESS PROPOSITION WITH AN ENVIABLE LIFESTYLE SET IN THE BEAUTIFUL COUNTY OF KENT OFFERING IMMENSE GROWTH POTENTIAL


ASKING PRICE £600,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This outstanding business is situated in the affluent and highly sought after village of Milstead in the beautiful county of Kent and can be easily reached from junction 5 of the M2 and having excellent road communications providing easy access to the M25, M20 and M23 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. Milstead is also situated close to Maidstone and Sittingbourne plus many other coastal resorts nearby; making this delightful inn ideally situated to draw trade from the nearby surrounding towns and villages with an excellent level of repeat trade and is also well serviced by local schools, shops and amenities. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This substantial and imposing inn is believed to originally date back to circa 1840 and occupies an excellent and easily accessible trading position.

Main entrance at the front leading into the lobby with access into the Lounge Bar.

Lounge Bar (circa 20) is a lovely traditional room exuding a warm and inviting 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). The room is furnished with solid polished tables, chairs and upholstered pew style seating. Adding to the character of this room is the feature brick built open fireplace and the solid oak floor. Access to the W.C’s and the Restaurant.

Restaurant (circa 30 covers) is a good sized versatile and multi-functional room and is well furnished with a good range of solid polished tables, wicker style chairs and upholstered pew style seating. There is also a return bar servery and adding to the charm and character of the room is the part panelled walls and the solid oak floor. Access to the Private Dining Room.

Private Dining Room (circa 20 covers) again is a versatile room and is furnished with solid polished tables and wicker style chairs.

Catering facilities include a good sized fully equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a wash-up area and a walk-in chiller.

Utility Room

Lower Ground Floor Cellar with dray drop, pumps, tilt racks, python and cooler.

Ladies and Gents W.C’s.

OWNERS ACCOMMODATION

Situated on the 1st floor, being of a good size and presented in excellent decorative order throughout and briefly comprises: 4 bedrooms (with ensuite shower room to bed 1), lounge, fitted kitchen and bathroom.

EXTERNAL

There is a very good sized lawned Beer Garden (circa 200+) which is well furnished with timber picnic benches. There is a paved patio area at the front with timber picnic benches. There is also a very good sized private garden for the owners. Patrons parking facilities 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:

Monday – Saturday – 10.00am – 11.00pm

Sunday – Midday – 10.00pm

The current opening hours are as follows:

Monday – Saturday – 11.00am – 11.00pm

Sunday – 09.00am – 6.00pm

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 oil for cooking and heating and waste/sewage (services not tested). Business rates payable are advised as currently being £NIL.

THE BUSINESS

Our vendor clients operate this delightful business as ‘husband and wife’ team on a full time and a hands-off basis respectively with the assistance of a self-employed chef and 3 part time/casual members of staff. Trade is currently derived from circa 90% wet and 10% food sales, thereby providing immense scope for a new hands-on owner operator partnership with previous experience of running a catering 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, business meetings, private functions, parties and wakes etc, for which there is great demand within the area. Advised current sales are circa £130,000+ (incl. VAT).

This is a well-established business with a solid trading foundation and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator to achieve an annual turnover well in excess of £300,000 (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.

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.

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: August 2019

ADDITIONAL IMAGES

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