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HIGHLY IMPRESSIVE TRADITIONAL COMMUNITY INN WITH 4 LETTING BEDROOMS OFFERED FOR SALE ON A NEW 10 YEAR FREE OF TIE LEASE SITUATED IN THE SOUGHT AFTER VILLAGE OF EARLS COLNE, ESSEX

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  • Imposing and substantial community inn situated in the prime location of Earls Colne.
  • Traditional Public Bar (circa 40+), Cosy Snug Bar (circa 15), Pool Room (circa 10) and a versatile and multi-functional Conservatory (circa 30+).
  • Self-contained 1/2 Bedroom Owners Accommodation.
  • Impressive 4 Letting Bedrooms.
  • Fully equipped Commercial Catering Kitchen.
  • Good sized enclosed Beer Garden (circa 100+).
  • Advised current turnover circa £260,000 (incl. VAT).
  • Trade derived from 100% wet sales. Undoubted potential for a lettings/catering/events orientated operator.
  • 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 SUPERB OPPORTUNITY TO PURCHASE A WELL ESTABLISHED AND SOLID BUSINESS OFFERING MASSIVE GROWTH POTENTIAL FOR A HANDS-ON PARTNERSHIP


ASKING PRICE £69,950 ‘FREE OF TIE’ LEASE TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This outstanding business is situated in the highly sought after village of Earls Colne and can be easily reached from junction 8 of the M11 motorway near Stansted Airport. Situated within the commuter belt being approximately ONLY 40 miles from the capital city of London and also having excellent road communications providing easy access to the M25, A1(M), A120 and the M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Stansted, Heathrow and Gatwick.

The village of Earls Colne is also within the catchment area of many similar affluent villages and towns in addition to being situated close Finchingfield, Great Dunmow, Braintree and Bishops Stortford.

A compelling business opportunity and an enviable place to reside.

THE PROPERTY

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

Public Bar (circa 40+) ) is a traditional room exuding a welcoming ambience, having a feature return bar servery with a polished counter and a matching back fitting with shelving and refrigerated bottle coolers (not tested) which is complemented by a good range of solid polished oak tables, padded stools, fixed perimeter seating and bar chairs. Adding to the charm and character of the room is the wonderful brick built open fireplace, the solid oak floor and the beamed ceiling. Access to the Snug Bar and Pool Room.

Pool Room (circa 10) having a pool table with lighting over and a darts throw.

Snug Bar (circa 15) is a lovely cosy room having a return bar servery counter and is furnished with solid polished oak tables, padded mini stools and fixed perimeter seating. Access to the Conservatory.

Conservatory (circa 30+) is a bright and airy room being versatile in its usage, having fixed perimeter drinks shelving and a tiled floor. Access to the Beer Garden.

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

Lower Ground Floor Cellar with dray drop, pumps, python, post mix and cooler.

Ladies and Gents W.C’s.

OWNERS ACCOMMODATION

Self-contained, being situated on the 3rd floor and briefly comprises: 1/2 bedrooms, lounge/bedroom and shower room.

LETTING ACCOMMODATION

Situated on the 1st and 2nd floors, being of a good size, presented in good decorative order and briefly comprises: 4 bedrooms (3 having ensuite facilities), shower room.

Office and Utility Room.

EXTERNAL

There is an extensive brick paved Beer Garden (circa 100+) at the rear which is well furnished with timber picnic benches. Private parking facilities for 1 car.

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 – Sunday – Midday – 01.00am

The current opening hours are as follows:

Monday – Thursday – Midday – Midnight

Friday – Sunday – Midday – 01.00am

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 £69,950.

2. The initial annual rent will be £35,000.

3. The annual rental is simply RPI linked to inflation every year with rent reviews every 3 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 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 (services not tested). Business rates payable are advised as being £1,840 per annum.

THE BUSINESS

Our vendor client operates this successful business on a full time basis with the assistance of 1 full time and 3 part time/casual members of staff. Trade is currently derived from 100% wet sales, thereby providing immense scope for a new hands-on operator partnership with previous experience of running a catering/lettings 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 current turnover circa £260,000 (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: October 2019

ADDITIONAL IMAGES

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