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THRIVING & HIGHLY IMPRESSIVE 19th CENTURY AWARD WINNING TRADITIONAL FREEHOLD FREEHOUSE FOR SALE WITH 6 EXCEPTIONAL AA 4 STAR RATED LETTING BEDROOMS, SITUATED IN THE IDYLLIC COUNTRY VILLAGE OF HAWKLEY, HAMPSHIRE

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  • Thriving 19th Century multi-faceted and award winning Country Inn located in the prime Hampshire village of Hawkley.
  • Traditional and relaxing Lounge Bar (circa 30) and a versatile and inviting Restaurant (circa 40+ covers).
  • Wealth of charm and character throughout with open fires, oak and flagstone floors.
  • Recently been refurbished and modernised with no expense spared yet retaining a wealth of charm and character throughout.
  • 6 highly impressive Letting Bedrooms being AA 4 Star Rated.
  • Fully equipped Commercial Catering Kitchen.
  • Good sized delightful Beer Garden (circa 100).
  • Advised current turnover circa £850,000+ (incl. VAT) with excellent reconstituted net profits of circa £140,000+.
  • Trade split circa 40% wet, 50% food and 10% accommodation. Undoubted potential for catering/events orientated operators.
AN INCREDIBLY RARE OPPORTUNITY TO ACQUIRE A THRIVING AND HIGHLY PROFITABLE BUSINESS OFFERING TREMENDOUS POTENTIAL


ASKING PRICE £1,150,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This delightful county inn is situated in the highly sought after village of Hawkley, on the edge of the beautiful South Downs National Park and can be easily reached from the A3 near Petersfield. Situated within the commuter belt and the M23 corridor and also having excellent road communications providing easy access to the M3, M27, A3, M23 and the M25 circular making this excellent location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow.

Hawkley is also within the catchment area of many similar affluent villages and towns in addition to being situated close to Liss, Hill Brow, Rogate, Selborne, Petersfield, Liphook, Winchester, Southampton, Portsmouth and Chichester and the coastal resorts of Worthing, Brighton and Bognor Regis and is also approximately only 20 minutes from Goodwood, with its extremely popular events of both racehorses (Glorious Goodwood) and motor vehicles (Goodwood Festival of Speed) making this superb inn ideally situated to attract trade from these nearby surrounding towns and villages. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

Covered main entrance at the front leading into the Lounge Bar.

Lounge Bar (circa 30) being L-shaped is a delightful room exuding a warm and welcoming ambience. There is a feature return bar servery with a solid polished counter, glass gantry above and a matching back fitting with shelving; which is complemented by an eclectic range of solid polished oak tables, pew style seating and a mix of chairs and bar stools. Adding to the charm and character of the room is the solid oak floor and the 2 brick built open fireplaces. Access to the Restaurant.

Restaurant (circa 40+ covers) is a versatile and multi-functional room being set within 3 intimate dining areas and exudes a lovely inviting and relaxing feel and is extremely well furnished with a superb range of eclectic solid polished oak tables and a mix of upholstered chairs. There is also a return bar servery counter and a flagstone and solid oak floor. Access to the Beer Garden.

Catering facilities include a 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.

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

Office Area

Ladies, Gents and Disabled W.C’s.

LETTING ACCOMMODATION

Offering good sized rooms presented in excellent decorative order and briefly comprises: 6 bedrooms – all with en-suite facilities, T.V and tea/coffee making facilities. The rooms are AA 4 Star Rated.

EXTERNAL

There is a very good sized lawned Beer Garden (circa 100) at the rear with a delightful back drop of mature trees and shrubs etc furnished with an excellent range of timber picnic benches. Private parking facilities for circa 3 cars. There is also a delightful covered seating area at the front with timber tables and benches.

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 – 10.00am – 12.30am

The current opening hours are as follows:

Monday – Friday – Midday – 3.00pm & 5.30pm – 11.00pm

Saturday – Midday – 11.00pm

Sunday – Midday – 9.00pm

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 a septic tank for sewage, Calor gas for cooking and uses oil fired central heating (services not tested). Business rates payable are advised as being £13,940 per annum.

THE BUSINESS

Our vendor clients operate this successful business as a husband and wife team on a ‘full time’ basis with the assistance of 4 full time and a pool of 12 part time/casual staff.

Trade is currently derived from circa 40% wet, 50% food and 10% accommodation sales. Whilst emulating the current business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a catering/lettings/events orientated operation enabling them to take this business to the next level by exploiting the food and functions potential that is to be found here. There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc and also focussing on online booking agents to further promote the superb letting accommodation.

Advised current turnover circa £850,000+ (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.

This delightful village inn is an extremely 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 £1,000,000 (incl. VAT) per annum.

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: May 2019

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