Ref 8322 leasehold
Popular and well established 'Free of Tie' Inn and Restaurant located in the idyllic Suffolk village of Holbrook close to the historical town of Ipswich
• Well-presented inn and restaurant prominently positioned on a main road and recently refurbished to a high standard.
• Large open plan Bar and Dining Area (circa 46).
• Separate Restaurant/Function Room (circa 36).
• Fully equipped commercial kitchen.
• Spacious 4 bedroom owner’s accommodation.
• Enclosed family beer garden and patio with decked area. Patrons’ car park for 18 cars.
• Advised turnover circa £249,375 (incl. VAT) for year ending September 2019.
• Trade 30% wet, 70% food.
• Desirable new 15 year ‘Free of Tie’ renewable lease.
An excellent opportunity to acquire this thriving business with further growth potential in A superb location
This outstanding business is in an enviable location in the sought after and affluent village of Holbrook in rural Suffolk close to the Northern shore of the River Stour on the B1080 approximately 7 miles south of Ipswich. Holbrook is a popular village with a population in excess of 2500 inhabitants. There are several local amenities such as a Co-op, newsagent, hairdressers, doctors and primary school etc. Holbrook is also home to the famous Royal Hospital School which relocated to this site in 1933 after being housed at Greenwich since 1693. The historic county town of Ipswich with its array of shops, supermarkets, cafes, restaurants, leisure facilities and historic buildings is in close proximity being only approximately 7 miles away and the vibrant town of Colchester is only a 30 minute drive away.
Well-appointed and most impressive two storey building of brick construction under a pitched tiled roof and has recently been refurbished throughout to a high standard.
Bar/Dining Area (circa 46) is of a modern style - very spacious and open plan in two sections. The upper section being fully carpeted and is furnished with leather style chairs and nautical themed tables. The lower section has karndean type flooring, feature fireplace with wood burner and is furnished with country style bench seating, wooden tables and matching wicker chairs. There is also an impressive fully equipped wooden bar servery with bottle fridges, spirit display and coffee station etc.
Restaurant/Function Room (circa 36) separate to the bar and is also of a modern style and has a welcoming atmosphere with a feature bay window, waitress station, fully carpeted and furnished with wooden tables and matching wicker chairs. It is ideal for private functions such as more intimate parties and family gatherings.
Ladies and Gents W.C.’s.
Cellar below ground level all in good order and well maintained.
Catering Facilities there is a fully equipped commercial kitchen with stainless steel surfaces, extractor system, 6 burner range cooker, rational oven, bain marie and fryers etc. (equipment not tested), separate prep area with salad bar and walk in fridge also separate washing up and storage area.
Very spacious and located on the first floor and comprises of 4 double bedrooms (one en-suite), lounge, kitchenette, bathroom and office. There is potential to split into two living quarters to possibly include letting accommodation.
There is a large enclosed family garden laid to grass with picnic benches. To the front of the property there is a superb patio area which is part decked and furnished with rattan garden furniture. Patrons’ car park for 18 cars with further parking for 5 cars including 2 x disabled and also a double brick built garage.
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- Sat 10am to midnight
Sunday Noon to 10.30pm
Current opening hours are:
Tues 12noon to 4pm
Wed 12noon to 9pm
Thur 12noon to 10pm
Fri/Sat 12noon to 11pm
Sunday 12noon to 9pm
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 15 year lease assignment of the Punch Taverns full repairing and insuring, renewable agreement. We are advised that the inn is free of tie. We are informed that the rent is currently £40,000 per annum to be reviewed in September 2024 (tbc). 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 mains services with lpg gas for cooking and electric for heating (no services seen or tested). Business rates payable are advised as currently being circa £8,900 per annum.
Our vendor clients took over the business in November 2016 during which time it has been totally refurbished to a high standard throughout and now enjoys a well-established and regular trade from the local community and surrounding area. The business has a good reputation for a destination food venue offering a high level of hospitality and constantly getting 5 star reviews on Trip Advisor and also has Certificates of Excellence from Cask Mark and Bragg for real ale. This business also benefits from the many parents and visitors to the famous Royal Hospital School which has over 400 boarding students full-time and is approximately 1 mile away and the large and popular Alton Water Camp Site is only about 2 miles away. It should be noted that there is currently a new housing estate under construction close by.
Due to health reasons our vendor clients have decided to sell the business. The business is currently being run by a full-time manager, full-time chef and two part-time staff.
We are advised that accounts declare takings of circa £249,375 (inc. VAT) for year ending September 2019 however it should be noted that the only accounts that are available are in house management accounts. In our opinion, there is growth potential for new owner operators to build on this well-established business by promoting the Campsite more, extending the opening hours and by utilising the outside facilities to host local events and family days etc.
This business was viewed by Geoff Bryan who would be delighted to discuss further details.
Viewing appointments must be made by contacting Guy Simmonds.
Details prepared October 2019
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.