8409L

• Prominent and eye catching inn located in an enviable main road location.
• Modern Main Bar (circa 25).
• Separate Games Room with pool table.
• Impressive split level Restaurant with spiral staircase (circa 86).
• Large fully equipped Commercial Kitchen.
• Spacious owner’s accommodation with domestic kitchen.
• Excellent outside patio and garden.
• Advised that Management Accounts (Oct 2021) show turnover circa £520,000 (incl. Vat).
• Trade split 30% wet, 70% food.
• Highly desirable new 15 year Free of Tie Lease.

Location

This popular and long established inn and restaurant can be found in an excellent central main road location in the mid Suffolk village of Great Blakenham on the B113 just off the A14 approximately 6 miles north of Ipswich. Great Blakenham is a typical Suffolk village with local amenities such as a convenience store, farm shop and village hall with a population of around 2000. Valley Ridge Holiday Centre is planned to be built in the near future with an estimated completion date of 2024. The bustling town of Ipswich with its many shops, cafes and leisure facilities, also a major league football club, is approximately 6 miles away. The market towns of Needham Market and Stowmarket are also in close proximity.

THE PROPERTY

Is a most impressive and eye catching two storey modern building of brick construction under a pitch tiles roof and has be maintained to a high standard throughout.

Main Bar (circa 25)

Has a modern and stylish feel with oak finish engineer board flooring and fully equipped wooden bar servery with bottle fridges, optics, wine storage and coffee station, AWP m/c and T.V. It is decorated to a high standard and furnished with wooden top tables and matching metal chairs and stools and has a brick feature fireplace with multi burner.

Games Room

Which is separate to the bar has a pool table and dartboard and pew bench style seating. There is also a storage room to the rear.

Restaurant/Function Room (circa 80)

This is split over two floors with a very impressive spiral staircase. Also decorated to a high standard with the same flooring, tables and chairs, brick feature fireplace with multi burner. There is a meet and greet station and large patio doors opening onto the patio and garden. This is an ideal function room for weddings and private parties etc.

Ladies, Gents and Disabled W/C

All in good order and well maintained.

Catering Facilities

There is a large fully equipped commercial kitchen with stainless steel services, blue seal 6 burner cooker, grill and two deep fat fryers, stainless steel fridge and freezer storage, microwaves etc (equipment not tested). There is also a separate washing up and prep area.

OWNERS ACCOMMODATION

Is spacious and located on the first floor comprising of kitchen/diner, lounge, bathroom and 1 double bedroom. It should be noted our vendor intends to add a further double bedroom. There is also an office on the first floor.

Cellar Which is in a separate unit located to the rear of the property, is in good order and well maintained.

EXTERNAL

There is a paved patio with matching garden tables and chairs, a superb family garden laid to grass with enclosed child’s play area, picnic benches, plants and shrubs. Also there is a further block paved patio area to the front of the building with picnic benches and a large patron’s car park.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence which permits the sale of alcohol during the hours of:

Mon-Sat 11am to 01.00 am

Sun 11am to 10pm

Current opening hours are:

Mon – Sat 11am to 11pm

Sunday 11am to 10pm

GENERAL REMARKS

The business is offered for sale as a new highly favourable 15 year Private FRI Lease Agreement.

The asking premium will be £69.000

The initial annual rent will be £45,000

The annual rental is simply RPI linked to inflation every 3 years, hence no market rent reviews.

Rent payable monthly in advance.

Deposit equivalent of 3 month’s rent.

Lease assignable after initial 2-year period.

Free of all brewery and supply ties.

Each party responsible for own legal costs relating to the transaction.

Satisfactory references will be required on behalf of our vendor client.

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 including solar panels, gas for central heating and hob (services not tested). Business rates payable per annum are advised as currently being nil.

THE BUSINESS

Our vendor client is now in his 28th year in the business. He brought the freehold in 2014 and over the last seven years he has refurbished this establishment to a very high standard and now has a very successful and thriving business.

This popular Inn ad Restaurant enjoys a regular and loyal local trade for both wet and food from the village and surrounding area, it also enjoys a high level of passing trade due to its excellent main road position. Hosts 2 football teams, a dart team and holds a monthly quiz.

Also due to the excellent facilities especially the function room and garden it is a very popular venue for private functions such as weddings and private parties etc.

The business is currently being run by the owner fulltime, 2 fulltime and 2 part-time staff.

Our vendor client has decided that after 28 years of building up a very successful business it is time to retire.

We are advised that management accounts (Oct 2021) show turnover circa £520,000 (inc. VAT). There is real potential to move the business forward by promoting the function facilities and by offering family days such as BBQ’s and mini festivals especially during the summer months.

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

This business was viewed by Geoff Bryan who would be delighted to discuss further details and can be contacted on 07887 571720.

Viewing appointments can be made by emailing Guy Simmonds at sales@guysimmonds.co.uk or by contacting Geoff Bryan on 07887 571720.

All personal viewings undertaken must adhere to the evolving Covid-19 Government guidelines.

Details prepared October 2021.