8327L

A POPULAR AND HIGHLY DESIRABLE 100% WET LED 17th CENTURY ‘FREE OF TIE’ COMMUNITY INN FOR SALE RUN UNDER MANAGEMENT SITUATED IN THE AFFLUENT HIGHLY DESIRABLE LOCATION OF CHELMSFORD, ESSEX

8327L


  • Traditional community inn situated in the prime location of Chelmsford.
  • Inviting and relaxing main Public Bar (circa 30+) and a versatile Pool Room (circa 20+).
  • Enclosed Beer Garden.
  • Good-sized 3 Bedroom Family Accommodation.
  • Advised current sales circa £250,000 (incl. VAT).
  • 100% wet sales. Undoubted potential for a fully focussed ‘hands-on’ entrepreneurial owner operator partnership with a passion for food/events.
  • Long Lease - Wellington Pub Company ‘FREE OF TIE’ renewable lease with approximately 16 years remaining.
AN EXTREMELY RARE OPPORTUNITY TO PROCURE AN ESTABLISHED LIFESTYLE BUSINESS AND FAMILY HOME OFFERING TREMENDOUS GROWTH POTENTIAL


ASKING PRICE £89,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This outstanding business is located on the outskirts of the highly desirable and densely populated city of Chelmsford, in the delightful county of Essex and can be easily reached from the A12/A414 intersection. Situated in the heart of the commuter belt and also having excellent road communications providing easy access to the major motorways makes this superb location an extremely popular commuter area for the major international airports. Chelmsford is also within close proximity to the Harwich and Parkeston Ferry Terminal. Chelmsford is also situated close to Colchester, Braintree, Ipswich, Felixstowe and Southend On Sea making this traditional community inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of passing and repeat trade. A compelling trade opportunity.

THE PROPERTY

This busy community inn is a substantial and impressive property occupying an extremely busy main road trading position.

Main entrance at the front leading into the Public Bar.

Public Bar (circa 30+) is a good-sized inviting and relaxing room 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) which is complemented by a good range of solid polished tables, chairs, comfortable leather sofas and bar stools.

Adding to the charm and character of the room are the beamed ceiling, beamed walls and the feature brick built fireplace. Access to the Pool Room.

Pool Room (circa 20+) is a versatile room furnished with loose polished tables and chairs. There is a pool table with lighting over. Access to the Beer Garden.

Catering facilities include a DOMESTIC equipped Kitchen and will require refitting for commercial usage (appliances not tested).

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

Ladies and Gents W.C.’s.

OWNERS ACCOMMODATION

Situated on the 1st floor, being of a good size and briefly comprises: 3 bedrooms, lounge/diner and bathroom.

EXTERNAL

Situated on the 1st floor, being of a good size and briefly comprises: 3 bedrooms, lounge/diner and bathroom.

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 – 11.00am – Midnight

Sunday – Midday – Midnight

The current opening hours are as follows:

Sunday – Friday – Midday – 11.00pm

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 16 years remaining of the Wellington Pub Company full repairing and insuring, renewable agreement. We are advised that the inn is ‘FREE OF TIE’.

We are informed that the rent is currently £33,000 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 central heating (no services seen or tested).

Business rates are advised as being circa £0 per annum.

THE BUSINESS

Our vendor client operates this superb business on a ‘hands-off’ basis with the assistance of a full-time ‘self-employed’ manager.

Trade is currently derived from 100% wet sales and whilst emulating the current successful business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a food orientated operation enabling them to take this business to the next level by exploiting the obvious food 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.

There is also superb potential due to the high level of footfall and passing trade emanating from the busy local commercial businesses and shops to facilitate early opening hours and to provide coffee and breakfast etc which would have an incredible positive impact on the turnover and profits. Advised current sales are circa £250,000+ (incl. VAT).

This popular community inn is a well-established business and in our opinion with the above areas of potential we would quite easily expect fully focussed and fully committed operators to achieve a turnover well in excess of £300,000 (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: October 2019

ADDITIONAL IMAGES

8327L

8327L

8327L

8327L

8327L

8327L

8327L

8327L