Ref: 8070 leasehold
An attractive and traditional 16th century Inn available for the 1st time in 13 years, situated in the highly desirable and affluent village of Stanstead Abbotts, Hertfordshire
Imposing and substantial inn situated in the prime village location of Stanstead Abbotts.
Traditional Lounge Bar (circa 35), Public Bar (circa 15), Cosy Snug (circa 6/8) and a Versatile and Multi-Functional Restaurant (circa 40+ covers).
Fully equipped Commercial Catering Kitchen.
Good sized Beer Garden and Patron's Car Park.
Impressive 4/5 Bedroomed Family Accommodation.
Exuding a wealth of charm and character throughout.
Advised turnover for ye February 2017 circa £595,000 (incl. VAT). Reconstituted Net Profit circa £100,000. Current sales consistent with 2017.
Trade derived from circa 65% wet sales and 35% food sales. Undoubted potential for catering/events orientated operators.
Punch Taverns partially tied renewable lease.
An extremely rare and golden opportunity to acquire A well established and successful lifestyle business with untold potential
This delightful inn is situated in the most lovely Hertfordshire village of Stanstead Abbotts and can be easily reached from junction 25 of the M25. Situated within the commuter belt being approximately only 20 miles from the capital city of London and also having excellent road communications providing easy access to the M25, M1, M11, M40 and the A1(M) motorways making this superb location an excellent strategic commuter area for the major motorways and the major international airports of Heathrow, Stansted, Luton and Gatwick. This charming and characterful inn is ideally situated to draw trade from Hertford, Bishop's Stortford, Hoddesdon and Chelmsford and also attracts a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas and has an excellent level of repeat trade. An enviable place to reside and a compelling business opportunity.
This substantial and impressive inn occupies an excellent and easy accessible trading position in this highly desirable village.
Main entrance at the front leading into the lobby area with access into the trading areas.
Lounge Bar (circa 35) is a traditional room exuding a lovely welcoming ambience. There is a feature return bar servery with a solid polished counter and a matching back fitting with shelving and refrigerated bottle coolers (not tested). The room is well furnished with solid polished tables, leather chairs, leather pew style seating, bay window seating, mini stools and bar chairs. There is also a superb brick built open fireplace, a beamed ceiling and part oak flooring.
Public Bar (circa 15) a popular room with a return bar servery, polished poseurs and bar chairs. There is also a darts throw and an awp.
Snug (circa 6/8) is a cosy room with loose polished tables, leather sofa and leather armchairs.
Restaurant (circa 40+ covers) is a versatile and multi-functional room, ideal for smaller weddings, wakes and private functions etc. The restaurant exudes a comfortable and inviting dining ambience and is well furnished with an excellent range of solid polished oak tables and leather chairs.
Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also access to an outside brick built unit which is used for dry goods storage and also houses fridges and freezers.
Ground Floor Cellar with delivery access, pumps, python, post mix and cooler.
Ladies and Gents W.C.'s
Situated on the 1st floor, offering good sized rooms and presented in good order and briefly comprises: 4/5 bedrooms, lounge, office/bedroom and bathroom.
There is a good sized lawned Beer Garden with timber picnic benches and a covered designated smoking area with timber picnic benches. There is also a paved Alfresco Area at the rear and a detached barn (currently used for storage). Patron's Car Park for circa 30+ cars.
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:
Monday - Wednesday - 11.00am - 11.00pm
Thursday - Saturday - 11.00am - Midnight
Sunday - Midday - 11.00pm
The current opening hours are as follows:
Monday - 3.00pm - 11.00pm
Tuesday - Thursday - Midday - 11.00pm
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 3 years and 8 months remaining of the Punch Taverns, full repairing and insuring, renewable agreement. We are advised that the inn is 'part tied' to draught and bottled beers only. We are informed that the rent is currently circa £34,000 per annum. 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 fired central heating (no services seen or tested). Business rates payable are advised as being circa £12,939 per annum.
Our vendor client operates this superb business as a 'sole trader' on a full time basis with the assistance of 3 full time and 18 part time/casual members of staff. Trade is currently derived from approximately 65% wet and 35% food sales and whilst emulating the current successful business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a catering orientated operation to take the business to the next level by exploiting the obvious food potential that is to be found here. There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc. Which will assuredly have a direct positive effect on the turnover and profits. Advised turnover for ye February 2017 circa £595,000 (incl. VAT).
In our opinion with the above areas of potential we would quite easily expect fully focussed and fully committed operators to achieve a turnover well in excess of £650,000 (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.
Viewing appointments must be made by contacting Guy Simmonds on .
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.
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 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.