A Quintessential Enlish Village Inn & Profitable Business For Sale

Business description

Impressive “roses round the door”, profitable business with scope, being the centre piece of the delightful stone village of clutton set in rural north east somerset

> Strong All Season Trade £260,000 inc vat (08) – 60% Wet / 40% Dry with scope RNP £55,319
> Beautiful Stone Village Inn Retaining Character & Features
> Centre Piece of Historic Rural Somerset Village
> Excellent, Well Appointed and Refurbished 3 Bed Owners Accommodation
> Substantial Skittle Alley With 7 Teams/Function Room/Large Patron Parking
> 25yr secure part tied lease , sensible easy rent

A rare opportunity to acquire a profitable business, superb lifestyle all set within a desirable residential location offered as an assignment of a part tied 25 year lease at £62,000 to inc fixtures & fittings, goodwill plus s.a.v.

Location (bs39 5pd)
Clutton is a historical stone built rural village in North East Somerset, circa 11 Miles from Bath, and 9 Miles from Bristol situated in the Chew Valley close to the Chew Valley Lake, Mendip Hills and Cheddar Gorge. With a population of circa 1600 people, Clutton remains a fully operational village with working Post office and local Butcher’s shop adjacent to the Railway Inn itself. Originally a mining village at the heart of the coal industry and close to the Radstock Mining Museum, Clutton is now extremely well placed as a desirable residential commuter locale for Bristol & Bath professionals. Catering for all ages there is a ‘Youth Club’ for 8 – 13 year olds at the village centre, amongst a healthy family lifestyle and culture with many social events across all ages. Being just off the main A37, tourism and passing trade feature prominently. Clutton hosts the annual ‘Open Garden Event’ and plays host to both Football and Cricket teams and stands close to the nearby large town of ‘Midsomer Norton’ (5 m) and the cathedral city of ‘Wells’ (10 m)

Property description
A stunning and very pretty village inn built in original stone dating back to the 1800’s. Retaining all of its character and many original features throughout, the inns trading areas briefly comprise: Entrance Vestibule to main Front Bar/Dining (30), Retaining many original features and much character including exposed beams and stripped timber wall panels and balustrades, dressed central timber over-serve, selection of loose tables and chairs for lounging and dining, excellent decor and ambience. Rear Lounge Bar/Dining (40), Retains old ‘y’ world feel and much character including exposed timber and beams, excellent appointment, part slate, part carpeted floors, dado railing, hop dressed central timber over-serve, selection of loose tables, chairs, stools and ‘tall tables’ for lounging and some dining, excellent decor and ambience, independent entry/exit vestibule to car park, further area for TV/vault activities. Skittles/Function Room (50) A large skittle alley/function room with character, selection of loose tables and chairs, removable skittle run and carpeted covers, well maintained and appointed throughout, independent entry/exit to main bar and car park. The ancillary areas consist of ladies and gents WC’s, good sized well equipped, fully fitted stainless steel trade kitchen, under floor traditional cellars, and plentiful storage.

Owners accommodation
Located to the first floor is an extremely well presented and appointed, recently refurbished 3 bed owner’s accommodation comprising, lounge, dining room with outer veranda, stainless steel kitchen, bathroom, WC, office room and further storage and 3 bedrooms all in excellent order. Two stairwells: 1 to main pub, 1 to trade kitchen

Externals
To the front of the Inn is a delectable laid to lawn beer garden retained by an original feature stone wall, set with a fantastic outlook across the village, housing a selection of benches, A’ frame tables, and further seating, with access via stone stairwell to substantial rear patrons parking.

Premises licenses
The premises license allows openings from 11am to 1am Monday to Saturday (Sun 11pm)
Current opening hours are: 12 noon – 14:30 then 18:00 – 23:00 Monday to Thursday - 12 Noon - 11pm (Friday & Saturday/ 22:30 Sun)

Tenure
We are instructed to offer the property for sale as an assignment of a 25 year lease commencing 2005 with circa 21 remaining, tied on beers/ciders only to Messrs Admiral Taverns. The lease is fully protected under the Landlord & Tenant Act 54 and renewable at no further cost at its end. Rent is set currently at £20,000 pa with 5 yearly reviews, the next being 2010.

Services
We are advised that all mains services are connected with the benefit of Gas Central Heating and a recently installed new boiler system throughout. Rates & Water £3422 pa

The business
Our client’s have run the business as a husband wife team for 3 years and as longer standing publicans over time, now wish to retire from the trade. Taking on the Inn during 2006, they have clearly built up a superb business from scratch resulting in excellent turnover and profitability yet there is still fantastic scope for growth. Operating on limited opening hours currently, the business trades on a 60% Wet (232 Brls), 40% Dry trade. Current weekly takings show an average of £5000. Accounting information for 2008 shows an annual turnover of £260,000 inc vat with a Reconstituted Net profit circa £55,319 pa. There is a healthy mix of local clientele, along with destination, passing trade and strong support from the 7 Skittle teams. There is clear scope to grow the trade by the addition of extra team/ vault activity, extended opening hours and increased function trade.

Offering further scope and growth, and a fantastic lifestyle and location, is this unique opportunity to take on and drive forward an already thriving and profitable pretty village inn

Property information

Property:

Leasehold