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UNOPPOSED 19th CENTURY TRADITIONAL INN OFFERED ON A RENEWABLE FREE OF TIE LEASE, LOCATED WITHIN THE AFFLUENT CHILTERN HILLS VILLAGE OF GREAT MISSENDEN, BUCKINGHAMSHIRE

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  • Prominent and substantial property situated in the beautiful and highly desirable location of Great Missenden; sited on a circa 1½ acre plot plus an additional circa 8 acres of woodland.
  • Cosy and traditional Lounge Bar (circa 40), an inviting Public Bar (circa 20+), a welcoming and relaxing Dining Room (circa 20 covers) and a versatile Restaurant/Function Room (circa 50+).
  • Fully Equipped Commercial Catering Kitchen.
  • Wealth of charm and character throughout with exposed beams and superb open fires.
  • Highly impressive 4 Bedroom Family Accommodation.
  • Good sized Beer Garden and Car Park for 20+ cars.
  • Advised current turnover circa £550,000 (incl. VAT).
  • Trade derived from circa 60% wet and 40% food sales.
  • PRIVATE FREE-OF-TIE RENEWABLE LEASE.
AN OUTSTANDING OPPORTUNITY TO PROCURE A SOLID BUSINESS AND FAMILY HOME WITH A WELL ESTABLISHED TRADING FOUNDATION AND AN ENVIABLE LIFESTYLE OFFERING TREMENDOUS GROWTH POTENTIAL


ASKING PRICE £130,000 FREE OF TIE LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This outstanding business is situated in the highly desirable village of Great Missenden and can be easily reached from junction 4 of the M40 motorway. Situated close to London with easy access to the M40, M4, M1 and M25 makes this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Luton, Heathrow, Stansted and Gatwick. This superb inn is ideally situated to draw trade from High Wycombe, Amersham, Chesham and Great Missenden itself and also attracts a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas all of which contribute to the excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This impressive detached property occupies an excellent and easily accessible trading position. Main entrance at the front leading into the lobby with access into the Lounge Bar.

Lounge Bar (circa 40) is a lovely traditional room exuding an inviting and cosy ambience. There is a return bar servery counter and the room is furnished with an eclectic range of solid polished tables, upholstered chairs and upholstered perimeter seating. Adding to the charm and character of the room is the feature brick built open fireplace and a feature log burner fireplace, the beamed ceiling and the quarry tiled floor.

Public Bar (circa 20+) is an inviting room having a return bar servery and is well furnished with solid polished tables, upholstered chairs, fixed upholstered perimeter seating, padded mini stools and bar chairs. There is also a darts throw.

Dining Room (circa 20 covers) is a cosy room offering a welcoming and relaxing dining atmosphere and is well furnished with solid polished tables and upholstered chairs.

Restaurant/Function Room (circa 50+) is a good sized versatile room ideal for a variety of events including weddings, wakes and private parties etc. The room is well furnished with solid polished tables and upholstered chairs. There is also a brick built return bar servery and a feature brick built fireplace with an inset log burner style electric fire. (not tested) 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 Prep Room/Wash-up Room and Walk-In Chiller and a Storeroom.

Lower Ground Floor Cellar with delivery access, pumps, python and cooler.

Ladies and Gents W.C.s x2 sets

OWNERS ACCOMMODATION

Situated on the 1st floor, being well presented and offering very good sized rooms briefly comprises: 4 bedrooms (en-suite bathroom to master bedroom), fitted kitchen, lounge with access to the decked balcony and private garden, dining room and office.

EXTERNAL

There is an enclosed lawned Beer Garden with timber picnic benches, a tiered lawned Beer Garden at the rear and a fully equipped and fully functional Outside Bar with a timber decked Patio Area. There is also a designated smoking area and a paved Patio Area at the front with timber picnic benches. There are 2 large children’s play areas. Patron’s Car Parking facilities for circa 20+ cars plus an additional 15+ spaces in an overflow car park. There is a private garden for the owners, a covered carport and ample parking facilities. There is an additional circa 8 acres of woodland plus a 1200sqft barn and out-buildings with potential to develop into letting accommodation (SSTP).

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 – Thursday – 11.00am – 11.30pm

Friday & Saturday – 11.00am – Midnight

Sunday – Midday – 11.00pm

The current opening hours are as follows:

Monday – Saturday – 11.00am – Midnight

Sunday – Midday – 10.30pm

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 offered for sale as a lease assignment with approximately 8½ years remaining of the private full repairing and insuring agreement. We are advised that the inn is FREE OF TIE. We are informed that the rent is currently £55,000 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 main services with the exception of oil for heating and Calor Gas for cooking (services not tested). Business rates payable are £6,000 per annum.

THE BUSINESS

Our vendor client operate this successful business on a ‘hands-off’ basis with the assistance of 5 full time and 4 part time/casual staff. Trade is currently derived from circa 60% wet and 40% food sales, thereby providing immense scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation.

This is an extremely rare and outstanding opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City or even as an additional income stream whilst commuting.

Advised current turnover is circa £550,000 (incl. VAT). This delightful inn is a 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 £650,000 (incl. VAT).

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details Prepared: February 2020

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