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HIGHLY DELIGHTFUL AND THRIVING ‘FREE OF TIE’ DESTINATION FOOD LED INN WITH 97 COVER RESTAURANT LOCATED IN THE SOUGHT-AFTER WARWICKSHIRE HAMLET OF BRETFORD

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SOLD BY GUY SIMMONDS

  • A delightful hamlet betwixt Leamington Spa, Rugby and Coventry surrounded by rolling countryside and popular golf courses only a stone’s throw away from the Grade I listed Coombe Abbey.
  • Bar (circa 54+ plus standing) with exposed wooden ceiling beams and brickwork, skittles table and wall mounted HDTV.
  • Restaurant & Lounge (circa 97 covers) with exposed wooden wall and ceiling beams, exposed brickwork, dessert area and 3 cask ales on offer.
  • Spacious grassed Al Fresco garden area (c80+) with children’s play equipment and rolling countryside views ; Lit smoking solution ; Large lined car park.
  • Fully equipped commercial catering kitchen.
  • Substantial and spacious 4-bedroom owners’ family accommodation.
  • Advised turnover £538,328 (incl. VAT) for year ending 30th June 2019. Turnover since re-opening post pandemic is in the region of circa £11,000/£12,000 (inc VAT) per week.
  • Trade split: 65% Food sales : 35% Wet sales.
  • Totally ‘Free of Tie’ renewable lease with circa 23 years remaining.
A FANTASTIC OPPORTUNITY TO ACQUIRE A THRIVING AND PROFITABLE BUSINESS AVAILABLE FOR THE FIRST TIME IN OVER 25 YEARS

ASKING PRICE £89,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This delightful thriving hidden gem is located in the affluent sought-after Warwickshire hamlet of Bretford set betwixt Leamington Spa, Rugby and the cathedral city of Coventry (the city of culture for 2021). Set in the beautiful fields of Bretford amongst rolling countryside this hamlet is surrounded by other affluent villages the closest being the historic village of Brinklow which is only 1 mile away. This is where local shops, a post office, facilities and amenities can all be found. There are several popular golf courses in the area and the Grade I Listed Coombe Abbey is also nearby. The nearby motorway networks include the M69, M6, M1 and A45 all providing easy access through and around this simply stunning county.

THE PROPERTY

The property is of stonewashed and rendered brick construction and sits under a pitched, slate and tiled apex roof with a flat roof to the rear extension. Entrance porches to the front and rear provide access to all the trading areas. These consist of:

Bar (circa 54+ plus standing) is a delightful L-shaped room with a warm and welcoming atmosphere. Loose wooden tables, chairs and stools are complimented by leather upholstered perimeter bench seating. The room is fully carpeted and has exposed wooden ceiling beams and areas of exposed brickwork. There is a skittles table, dart throw, AWP and wall mounted HDTV. There is also a wooden bar server with 3 cask ales on offer.

Restaurant & Lounge (97 covers) is a substantial L-shaped room with a calm and relaxing atmosphere. The room has loose tables, chairs and leather upholstered perimeter bench seating all sat on a fully carpeted floor. Exposed wooden beams to the ceiling and walls add to the character of the room and areas of exposed brickwork and a brick-built fireplace also compliment well. There is a large wine display and dessert area within the restaurant and a well-presented wooden bar server with 3 cask ales on offer in the lounge.

Ladies and Gents W.C.’s / Laundry room.

There is a fully equipped commercial catering Kitchen with stainless-steel appliances and surfaces (appliances not tested). Separate dry goods and fridge freezer storage rooms are close by. There is also a below Ground Floor Cellar with python, remote and pumps etc.

OWNERS ACCOMMODATION

The spacious owner’s family sized accommodation is situated on the 1st floor and briefly comprises of: 4 bedrooms (3 double/1 single), a lounge, bathroom, kitchen and office. There is also a self-contained grassed private garden area with shed and concrete garage used for storage purposes. In our opinion this could be opened up to extend further the public al fresco garden if desired.

EXTERNAL

To the front of the property is a spacious neatly kept grassed al fresco garden area (circa 80+) with wooden picnic benches and quality children’s play equipment. Set beneath a weeping willow tree and with stunning views across the fields of Bretford this is a fabulous family area to spend a sun-soaked afternoon enjoying the peace and tranquillity. To the side of the property is a lit smoking solution and to the front is the patrons lined car park with spaces for circa 45 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:

Mon- Thurs 11am to midnight

Fri/Sat 11am to 1am

Sunday 12noon to midnight

Current opening hours are:

Mon - Fri 12noon/3pm & 6pm/11pm

Saturday 12noon to 11pm

Sunday 12noon to 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 23 years remaining of the Wellington Pub Company full repairing and insuring, renewable agreement. We are advised that the inn is ‘totally free of tie on all products.’ We are informed that the rent is currently circa £65,000 per annum to be reviewed in 2024. We are also 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 mains services (no services seen or tested). Business rates payable are advised as currently being circa £15,219 per annum.

THE BUSINESS

The current owners purchased the business in 1996. Over the years they have created a highly popular thriving business offering high quality locally sourced home cooked food complimented by a selection of excellent cask ales, wines and drinks. The business attracts custom all year round benefiting from families and a loyal, repeat and desirable clientele. The family run business is currently operated by our vendor clients themselves assisted by circa 4 full time and circa 16 part time/casual members of staff. This destination food led business sits at the heart of the local community and also offers highly popular private party nights that can be adapted to suit the needs of the customer. We are advised that accounts declare takings of circa £538,328 inclusive of VAT for year ending 30th June 2019 on a trade split of 65% Food sales and 35% Wet sales. Since re-opening post pandemic, we are advised weekly sales are in the region of circa £11,000 - £12,000 (inc VAT). New owners could continue to operate the business using the same successful formula or they may wish to take the business to the next level. In our opinion this could be achieved by taking advantage of extending the opening hours, extending the outside al fresco garden area and introducing further ideas from their business plan. In our opinion, this business would suit an operator(s) who have experience of working in a similar food led environment.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07865 348375.

Viewing appointments can be made by emailing Guy Simmonds at sales@guysimmonds.co.uk or by contacting Richard Fletcher on 07865 348375.

Details prepared September 2021

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