Ref: 8081 leasehold
A Distinctive & Traditional 19th Century Inn available for the 1st Time in 22 years situated close to the train station in the highly sought after Market Town of Horsham.
• Imposing and substantial inn situated in the prime location of Horsham – 2 minute walk to the train station.
• Traditional and welcoming Public Bar (circa 70+) and a versatile and multi-functional Lounge Bar (circa 50).
• Good Sized Beer Garden (100+) and Patron’s Car Park for circa 16 cars.
• Equipped Catering Kitchen.
• Impressive 3 Bedroomed Owner’s Accommodation.
• Additional 3 Bedroomed Cottage ideal for staff/letting or private use (requires refurbishment).
• Additional 5 Roomed Accommodation ideal for staff/letting or private use (requires refurbishment).
• Advised current sales circa £420,000 (incl. VAT).
• Trade split circa 95% wet and 5% food sales. Undoubted potential for catering orientated operators.
• Long Lease – 15 years remaining on the Enterprise Inns (original Whitbread) part tied renewable lease.
An incredibly rare opportunity to acquire A solid and well-established business and family home offering immense potential
This outstanding property and business is situated in the affluent and highly sought after market town of Horsham in the beautiful county of West Sussex and can be easily reached from the A24. Situated within the M23/A23 corridor having excellent road communications providing easy access to the M23, M25, M27 and M3 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. The market town of Horsham is also within the catchment area of many similar affluent villages and towns in addition to being situated close to Chichester, Crawley and Burgess Hill and the coastal resorts of Worthing, Brighton and Bognor Regis making this superb inn ideally situated to attract trade from these nearby surrounding towns and villages.
This wonderful inn is an attractive property and occupies an excellent trading position close to the train station.
Main entrance at the front leading into the lobby with access in to the Public Bar and Lounge Bar.
Public Bar (circa 70+) is a traditional and welcoming room having a feature return bar servery with a solid polished counter, glass gantry and a matching mirrored back fitting with trade optics and refrigerated bottle coolers (not tested), which is complemented by an excellent range of solid polished tables, solid polished poseurs, faux leather padded chairs and bar chairs. There is also a feature brick built fireplace with an inset coal burner gas fire, part solid oak flooring and part panelled walls adding to the charm and character of the room. There are also 2 pool tables, a darts throw, a digital jukebox and a games machine. Access to the Courtyard and Beer Garden.
Lounge Bar (circa 50) is a good sized versatile room, ideal for private functions, parties and wakes etc and is well furnished with a good range of solid polished tables, faux leather padded chairs, fixed upholstered perimeter seating and bar chairs. There is also a central return bar servery and a feature brick built open fireplace.
Catering facilities (situated on the first floor) include an equipped Kitchen with appliances and preparation surfaces (appliances not tested).
Lower Ground Floor Cellar with dray drop, pumps, pythons x2, tilt racks, post mix and cooler.
Ladies and Gents W.C.’s.
Being situated on the 1st floor, being of a good size, presented in good decorative order and briefly comprises: 3 bedrooms, lounge, dining room, kitchenette and bathroom.
N.B Agents Note:
There is also an attached 3 bedroomed Cottage with a lounge (in need of refurbishment) plus situated on the 2nd floor an additional 5 rooms (which requires refurbishment). Both the cottage and the 2nd floor accommodation are ideal for either owner/staff/letting accommodation purposes once refurbished and modernised and subject to the necessary planning permissions.
There is a good sized enclosed paved Beer Garden (circa 100+) with timber picnic benches. There is also an enclosed paved Courtyard (circa 20) with a large umbrella and tables and chairs. Patron’s car park opposite for circa 16 cars. Private driveway for 2/3 cars. Garage currently used for storage.
Trading & licensing
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 – 10.00am – Midnight
Friday & Saturday – 10.00am – 01.00am
The current opening hours are as follows:
Monday – Thursday – 5pm – 10.00pm
Friday & Saturday – Midday – 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.
The business is offered for sale as a lease assignment with approximately 15 years remaining of the Enterprise Inns (originally Whitbread), full repairing and insuring, renewable agreement. We are advised that the inn is partially tied to draught beers and spirits only. We are informed that the rent is currently £47,000 per annum (which includes a tie release fee of £6,000). 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 and uses gas central heating (no services seen or tested). Business rates payable are advised as currently being circa £18,000 per annum.
Our vendor client operates this excellent business as a ‘sole trader’ on a full-time basis with the assistance of 9 part time/casual members of staff. Trade is currently derived from circa 95% wet and 5% food sales and whilst emulating the current business model there is still immense potential for a new hands-on owner operator partnership to take this business to the next level by exploiting the obvious food potential and also focussing on a strategic marketing campaign to promote the business for private parties and wakes etc plus the letting potential of the additional accommodation once refurbished and modernised.
Advised current sales are circa £420,000 (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 £500,000 (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
Details Prepared: April 2018
Note: Size quoted is usually the Total Useful Floor Area taken from the EPC and is for guidance purposes only and no responsibility is assumed by Guy Simmonds for the accuracy.
Viewing: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
Finance for purchasing A licensed property: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.