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HIGHLY IMPRESSIVE 20th CENTURY TRADITIONAL ENGLISH COUNTRY VILLAGE INN OFFERED FOR SALE ON A NEW 10 YEAR ‘FREE OF TIE’ LEASE SITUATED IN THE AFFLUENT AND QUINTESSENTIAL BEDFORDSHIRE VILLAGE OF CARLTON

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  • Imposing and substantial 20th century village inn situated in the prime location of Carlton.
  • Traditional Lounge Bar (circa 25+), Cosy Snug Bar (circa 15) and a delightful multi-functional Restaurant (circa 30+ covers).
  • Impressive 3 bedroomed family accommodation.
  • Good sized fully equipped Commercial Catering Kitchen.
  • Lawned Beer Garden and Patron’s parking facilities (circa 10+ cars).
  • Advised turnover for Y/E March 2018 circa £250,000 (incl. VAT). Current sales consistent with 2018.
  • Trade split circa 50% wet and 50% food. Undoubted potential for a catering/events orientated operator.
  • Operating on reduced trading hours.
  • Refurbished and modernised with no expense spared yet retaining a wealth of charm and character throughout.
  • Offered on NEW PRIVATE FREE-OF-TIE 10 YEAR LEASE.
A ONCE IN A LIFETIME OPPORTUNITY TO PROCURE A WELL ESTABLISHED AND SOLID BUSINESS AND FAMILY HOME OFFERING MASSIVE GROWTH POTENTIAL


ASKING PRICE £100,000 ‘FREE OF TIE’ LEASE TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This outstanding business is located in the highly desirable country village of Carlton, Bedfordshire and can be easily reached from junction 14 of the M1 motorway.

Being situated twixt Northampton and Bedford and also close to Milton Keynes with easy access to the M1, M40, A1(M), M11 and the M25 circular makes this highly desirable village location an extremely popular commuter area for the major motorways and the major international airports of Stansted, Luton, Heathrow and Gatwick. This superb inn is ideally situated to draw trade from the village of Carlton itself and also attracts a desirable clientele emanating from the nearby surrounding affluent towns, villages and larger catchment areas and has an excellent level of repeat trade and is well serviced by local schools, shops and amenities. An enviable place to reside and compelling business opportunity.

THE PROPERTY

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

Snug Bar (circa 15) is a lovey cosy room having a feature timber constructed return bar servery with a solid polished counter and a back fitting with shelving and refrigerated bottle coolers (not tested) which is complemented by solid polished tables, upholstered chairs and upholstered stools. Adding to the charm and character of the room is the feature through fireplace with an inset log burner and the solid oak floor. Access to the Lounge Bar.

Lounge Bar (circa 25+) ) is a versatile and traditional room exuding a relaxing ambience, having a feature timber constructed return bar servery with a polished copper counter and a back fitting with shelving and refrigerated bottle coolers (not tested) which is complemented by a lovely range of eclectic solid polished tables, upholstered chairs, leather upholstered perimeter seating and upholstered stools. Adding to the charm and character of the room is the wonderful exposed brick walling, the vaulted ceiling, the solid oak floor and the feature through fireplace with an inset log burner. There are also double glazed bi-folding doors to the front aspect. Access to the Restaurant.

Restaurant (circa 30+ covers) is a multi-functional room and exudes a warm and relaxing dining ambience and is well furnished with a good range of solid polished tables, upholstered chairs and leather upholstered perimeter seating. The room also has a solid oak floor and access to the patio area via double glazed bi-folding doors.

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

Ground Floor Cellar with delivery access, pumps, python, barrel racks and hoist and cooler.

There is also a dry store/bottle store-room.

Ladies, Gents and Disabled W.C’s

OWNERS ACCOMMODATION

Situated on the ground and 1st floors, being of a good size and presented in excellent decorative order and briefly comprises: 3 bedrooms, lounge, kitchen and bathroom.

EXTERNAL

There is a lawned Beer Garden (circa 60+) at the rear and is furnished with timber tables and chairs. There is also a paved patio area with timber tables and chairs and a covered designated smoking area. Patron’s parking facilities for circa 10+ cars.

N.B. Agents Note: There will also be a 2 storey barn to be constructed providing office and storage space.

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 – 11.20pm

Sunday – Midday – 10.50pm

The current opening hours are as follows:

Monday – Wednesday – CLOSED

Thursday – Saturday – 11.30am – 11.00pm

Sunday – Midday – 9.30pm

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 new highly favourable 10 year Private FRI Lease Agreement as follows:

1. The asking premium will be £100,000.

2. The initial annual rent will be £30,000 +VAT.

3. The annual rental is simply RPI linked to inflation every year with rent reviews every 5 years.

4. Rent payable monthly in advance.

5. Lease re-assignable after initial 2 year period.

6. Free of all brewery and supply ties.

7. Each party responsible for own legal costs relating to the transaction.

We are advised that the inn benefits from all mains services (services not tested). Business rates payable are advised as being £0 per annum.

THE BUSINESS

Our vendor clients operate this successful business on a full time basis with the assistance of 1 full time chef and 10 part time/casual members of staff. Trade is currently derived from circa 50% wet and 50% food sales, thereby providing immense scope for a new 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.

Advised turnover for Y/E March 2018 circa £250,000 (incl. VAT).

This is truly an incredible opportunity for either an owner operator to continue to build the business or for a commercial investor to enhance their existing portfolio.

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: September 2019

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