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A SUPERB MULTI-FACETED TRADITIONAL COMMUNITY INN WITH 4 LETTING BEDROOMS SITUATED IN THE HIGHLY DESIRABLE AND AFFLUENT TOWN OF BLACKWATER, HAMPSHIRE

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  • Substantial 19th century inn situated in the prime location of Blackwater.
  • Welcoming and traditional Lounge Bar (circa 40), atmospheric Public Bar (circa 20+) and a versatile Function Room (circa 30).
  • 4 good sized Letting Bedrooms.
  • 2 Bedroom Owner’s Accommodation.
  • Beer Garden and private parking facilities.
  • Equipped Commercial Catering Kitchen.
  • Advised current sales circa £180,000 (incl. VAT).
  • Trade split circa 85% wet and 15% accommodation sales.
  • Immense potential for a new fully focussed hands-on business partnership with a passion for catering/letting.
  • Enterprise Inns partially tied renewable lease.
  • AVAILABLE FOR THE 1st TIME IN 10 YEARS.
A RARE OPPORTUNITY TO ACQUIRE A WELL-ESTABLISHED BUSINESS AND HOME OFFERING TREMENDOUS POTENTIAL


ASKING PRICE £40,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This superb business is located in the highly desirable town of Blackwater, in the delightful county of Hampshire and can be easily reached from junction 4 of the M3. Situated in the heart of the commuter belt being circa 30 miles from London and also having excellent road communications providing easy access to the M25, M4, M40, M23 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick. Blackwater is also situated close to Camberley, Guildford, Farnham, Basingstoke and Farnborough 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 business opportunity and an enviable place to reside.

THE PROPERTY

This popular inn is a substantial and impressive property and occupies an easily accessible trading position in this extremely busy location.

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

Lounge Bar (circa 40) is a traditional and welcoming room having a feature return bar servery with a solid polished counter and a back fitting with trade optics and refrigerated bottle coolers (not tested) which is complemented by a good range of loose polished tables, upholstered chairs and bar chairs. Adding to the charm and character of the room is the oak floor and the lovely feature brick-built open fireplace. Access to the Public Bar and the Beer Garden.

Public Bar (circa 20+) is a popular and atmospheric room having a return bar servery with a solid polished counter and a mirrored back fitting with trade optics and refrigerated bottle coolers (not tested) and is furnished with loose polished tables, upholstered chairs and bar stools. There is also a pool table with lighting over and a darts throw. Function Room (circa 30) offering versatility in its usage being ideal for private functions, meetings and wakes etc.

N.B. Agents Note: Currently being used for storage purposes.

Catering facilities include an equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Wash-up Room.

Ground Floor Cellar with delivery access, pumps, pythons x2, post mix and cooler.

Ladies and Gents W.C.’s.

OWNERS ACCOMMODATION

Being situated on the 1st floor, being of a good size and briefly comprises: 2 bedrooms, kitchen and a bathroom.

LETTING ACCOMMODATION

Situated on the first floor and briefly comprises: 4 bedrooms, communal kitchenette and a communal bathroom.

EXTERNAL

There is a good sized paved Beer Garden (circa 50+) at the rear being well furnished with timber picnic benches. There is also a covered designated smoking area and private parking facilities for circa 2 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:

Sunday – Thursday – 07.00am – Midnight

Friday & Saturday – 07.00am – 01.00am

The current opening hours are as follows:

Sunday – Thursday – Midday – Midnight

Friday & Saturday – 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 offered for sale as a lease assignment with approximately 2½ years remaining of the Enterprise Inns, full repairing and insuring, renewable agreement. We are advised that the inn is partially tied to draught beers, ciders and wine/spirits. We are informed that the rent is currently £8,220 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 (no services seen or tested). Business rates payable are TBA.

THE BUSINESS

Our vendor client operates this excellent business as a ‘sole trader’ on a full-time basis with the assistance of 2 part time/casual members of staff. Trade is currently derived from circa 85% wet sales and 15% accommodation sales. Whilst emulating the current business model; there is still superb potential for a new full-time hands-on owner operator partnership with previous experience of running a catering/lettings orientated operation enabling them to take this business to the next level by exploiting the huge 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.

Advised current sales are circa £180,000 (incl. VAT). This delightful inn is a well-established and highly 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 £250,000 (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

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