Ref 8123 freehold
Highly successful and well established traditional freehouse and restaurant for sale in A superb location on the outskirts of needham market in the heart of rural suffolk
• Most impressive traditional Inn and Restaurant in an enviable main road location.
• Excellent Bar/Dining Area (circa 24) full of ‘olde worlde’ charm with a welcoming atmosphere.
• Large multi-purpose Restaurant/Function Room (circa 60).
• Commercial Kitchen fully equipped to a high standard.
• Superb tiered and landscaped Garden and Patio with Children’s Play Area.
• 3 Bedroom Owner’s Accommodation.
• Large Patron’s Car Park.
• Advised turnover circa £600,290 (incl. VAT) year-end July 2017.
• Trade split is approx. 30% wet, 70% food.
A rare opportunity to purchase this truly outstanding and long established business offering an enviable lifestyle
This thriving and popular business is in a highly desirable and sought after main road location on the B1113 half a mile South of Needham Market. Needham Market is a vibrant and up and coming town with a population in excess of 4,500 with 500 new dwellings being built in the near future. Needham Market has several historical buildings such as the Victorian Railway Station still operating on the Great Eastern main line, Hawks Mill which has been converted into flats and the Parish Church of John The Baptist. There is also an array of local amenities such as shops, cafes, schools, doctors and leisure facilities etc. Needham is also home to the well-known Lakes and Leisure Park which is extremely popular with families especially during the Summer months. The bustling town of Ipswich, famous for its major league football team is only 9 miles away and the highly popular historical town of Bury St. Edmunds is also within easy reach.
The property is a well-appointed and eye catching former coaching inn dating back to the early 16 hundreds. The building is a two storey building of brick construction under a pitched tiled roof and has been maintained to a high standard throughout.
The Bar/Dining Area (circa 24) has a truly welcoming atmosphere with a wealth of exposed beams, large feature brick fireplace with wood burner, brick built fully equipped bar servery with bottle and wine fridges (appliances not tested), awp machine, fully carpeted throughout and furnished with upholstered bench seating and matching tables and chairs.
Restaurant/Function Room (circa 60) is separate to the bar, spacious and open plan also with exposed beams and brickwork, fully carpeted and stylishly furnished with marble effect tables and matching high back chairs and is ideal for private functions such as wedding receptions etc.
Ladies & Gents wc’s all in good decorative order and well maintained.
Cellar is in two sections all in good order and well maintained.
Owner’s Accommodation is located on the first floor and comprises of two double and one single bedrooms, large lounge, family bathroom and kitchenette (not seen). There is also a staff changing room and W.C.
Catering Facilities there is a Commercial Kitchen with stainless steel surfaces, extractor system, falcon griddles and deep fat fryers, cooker, microwave etc. And two accutem steamers and is fully equipped to a high standard. There is also a separate washing up and prep area and fridge and freezer storage (appliances not tested).
There is a stunning tiered and landscaped garden and patio laid to slabs with plants, shrubs, picnic benches and parasols, an enclosed grassed area with children’s play equipment and large patrons’ car park (30 cars). There is also an enclosed private garden and yard with outhouses and sheds currently used for storage. It should be noted that the rear corner of the grassed area is not included in the sale (boundary can be defined).
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:
Mon-Sun 11am to 12midnight
Current opening hours are:
Mon-Fri 11am to 3.00pm
6.00pm to 11.00pm
Sat 11am to 11.00pm
Sun 12noon to 11.00pm
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 property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected with gas for central heating and cooking (no services tested). Business rates payable are £16,280.
Our vendor clients took over the business 34 years ago and in which time they have built up a well
established regular and loyal trade from the local community and surrounding area and have an excellent reputation for a quality food destination venue. Due to the superb main road location this establishment is also highly popular with people pursuing outdoor activities such as walking and cycling etc. And also with the many visitors to the area including a high level of passing trade. With the added advantage of the versatile facilities it is a popular venue for wedding receptions and private functions.
The business is currently being run by the owners full-time, a full-time manager, two full-time chefs
and up to 22 part-time staff as and when needed. Our vendor clients have now decided to sell the business as they wish to retire.
There is growth potential for new owners to build on this already successful business by extending the opening hours and by holding more family events and entertainments.
Advised turnover for year ending July 2017 is circa £600,290 (inc. VAT) with a trade split of 30% wet and 70% food.
Accounting information will be made available to interested parties after viewing.
The property was viewed by Geoff Bryan who would be delighted to discuss further details.
Viewing appointments must be made via Guy Simmonds.
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.
If size stated =1m2, this is because no measurements are available at this time.
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