8446L

• Stunning Cotswold location within this extremely affluent village.
• Superb Lounge Bar/Dining Area over 2 rooms (circa 40) – tastefully renovated with log burner.
• Traditional Public Bar (circa 15) and beautifully renovated Snug Area (circa 15) both with log burners.
• 1st Floor Restaurant / Function Room (circa 42-60) with feature Wine Cellar, wood floor and exposed beams.
• Beautiful Patio and Lawned Gardens (circa 120) with Boules Pitch.
• Pleasant 2 Bedroom Living Accommodation.
• Large Car Park for 30 cars with EV charger offering additional revenue source.
• Fully equipped and refurbished Commercial Catering Kitchen with walk-in fridge.
• Advised that turnover for y/e 03/22 is circa £758,372 (incl. VAT) with a trade split of circa 38% wet & 62% food and an excellent recon net profit of circa £155,000.
• Desirable ‘Free of Tie’ Renewable Lease Agreement.

Location

This fully refurbished 17th Century Village Inn is located in the highly sought-after village of Chedworth within the Gloucestershire area and sits in the heart of the Cotswolds.

The village is extremely affluent and offers easy access to Cheltenham, Cirencester, Bristol, Bath and Oxford. Close-by and attracting many visitors to the area are: Chedworth Roman Villa - one of the grandest Roman villas in Britain; Bibury known as “The most beautiful village in England"; Bourton-on-the-Water - famous for its beautiful river, honey-coloured stone architecture and idyllic village scenes; and Sudeley Castle & Gardens with its award-winning gardens.

The Cotswolds is an area within south central England containing the Cotswold Hills and includes the lovely towns of Cirencester, Cheltenham, Stow On The Wold, Burford, Moreton In Marsh and Chipping Campden.

THE PROPERTY

This stunning 17th Century Stone Built Inn is an attractive and impressive 2-storey property of Cotswold Stone construction under a pitched, tiled roof occupying a delightful village location. The trading areas are immaculate throughout with wood flooring, exposed beams and stone walls.

The Lounge Bar/Dining Room (circa 40) has been tastefully renovated and is set over 2 rooms with a feature fireplace and log burner.

The Public Bar (circa 15) is a traditional cosy bar area with a newly built fully equipped bar servery area and a log burner fireplace.

The Snug (circa 12) is an intimate room and beautifully renovated, with a lovely fireplace and log burner.

The 1st Floor Restaurant/Function Room (circa 42-60 covers) has a lovely cathedral style ceiling and exposed feature Wine Cellar. This room is well-used and has both internal and external access making it ideal for private parties, meetings and functions.

The large Lower Ground Cellar is fully equipped to serve real ales and beers with cooling until, ice machine and business safe, with ample storage for other drinks and wines. (no equipment tested).

Refurbished Ladies and Gents W.C.’s.

There is a fully equipped and refurbished Commercial Catering Kitchen (appliances not tested) with separate storage areas and a Walk In Fridge. (NB the Rational Oven is excluded from the sale but can be negotiated).

OWNERS ACCOMMODATION

The owner’s accommodation is situated on the 1st Floor and briefly comprises: Two Double Bedrooms, Lounge, Kitchen, Bathroom and Office.

EXTERNAL

To the rear of the property is a beautiful Patio Terrace area along with stunning gardens and a Lawned Area with beautifully maintained solid teak furniture and picnic tables for approximately 120 customers. This delightful garden area also offers a Boules Pitch, and Smoking Solution.

There is a large Car Park for circa 30 cars with an EV charger that offers a further revenue source.

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:

Sun – Thurs 9am – Midnight

Fri – Sat 9am – 1am

Current opening hours are:

Mon closed

Tues– Thurs 11am – 11pm

Fri, Sat 11am – 12midnight

Sun 11am – 5pm

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 7 years remaining of the Wellington Pub Co full repairing and insuring, renewable agreement. We are advised that the business is free of tie for all products. We are informed that the rent is currently £54,876.

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 LPG, Septic Tank and all other mains services and is heated by gas central heating, (no services seen or tested). Business rates are advised as currently being circa £5,864 per annum (currently includes 50% discount under a relief scheme).

THE BUSINESS

The current owners purchased the business in 2018 and have spent in excess of £100,000 extensively refurbishing the premises. They serve exquisite food and wine in a beautiful country setting, with a huge wine cellar and spirit selection. They have a loyal and desirable clientele as well as attracting visitors and tourists.

Our vendors are selling the pub to pursue other business interests and are offering this delightful and profitable business in excellent condition. The business is continuing to grow and the new operators will benefit from a strong trading foundation to build on along with the opportunity to live in a highly sought after village.

We are advised the turnover for year ending 03/22 is circa £758,372 (incl. VAT) with a trade split of 38% wet & 62% food and a reconstituted net profit of circa £155,000 (after adding back directors’ salaries / pensions and depreciation).

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

Viewing appointments must be made by phoning Guy Simmonds on 01332 865112 or emailing sales@guysimmonds.co.uk

Details Prepared: January 2023