Fabulous Home Counties Pub For Sale

Business description

A MAGICAL COUNTRY PUB LOCATED ADJOINING KNEBWORTH ESTATE IN RURAL HERTFORDSHIRE OFFERING A COMFORATBLE LIFESTYLE AND PROFITABLE THRIVING BUSINESS

Property Details

> Solid sales foundation £793,125 inc vat split 55% Wet to 45% Dry - £100,000 available net profits – same owner 5 years –genuine reason for sale
> Well presented Lounge Bar (50+) Conservatory (50) Dining (30)
> Enclosed decked dining (50) – Garden (60+) – o/s timber benches – car park (60+)
> Opposite open parklands and deer park of Old Knebworth
> Extremely comfortable 3 bed owners accommodation
> Fully renewable protected lease completely Free of Ties – A FREEHOUSE


A FAVOURED WATERING HOLE “TICKING ALL THE BOX’S” WITHIN A MOST SPECIAL BREATHTAKING LOCALE OFFERED AT AN ASKING PRICE OF £229,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.



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LOCATION (SG3 6QB)
This hugely popular country village pub adjoins KNEBWORTH HOUSE and DEER PARK ESTATE which regularly holds International Pop Concerts with a capacity of 125,000 people and has seen such acts as The Rolling Stones, Oasis, Paul McCartney, Robbie Williams, Pink Floyd, Queen etc along with being used by film makers with titles such as BATMAN (the house doubled as Wayne Manor), SHOOTING PARTY, JANE EYRE etc. When not being used for these high profile events , the house and estate slips back to its normal roll as a 1490 manor house with Jekyll Herbs Gardens, Miniature Railway, Planted Maize and Wilderness walk within its 250 acres of rich parklands all open to the general public and attracts visitors from all over the globe. OLD KNEBWORTH is situated between Welwyn Garden City and Stevenage with golf clubs at Stevenage and Knebworth and has easy access to the A1(M) and a rail link into LONDON and Stevenage making this an exceptional popular and affluent residential area (LUTON AIRPORT 15 minutes away).Turn off the A1(M) at J6, follow Codicote Village signs, through village , after pedestrian crossing turn right into Bury Lane and the pub is located on the right in OLD KNEBWORTH.

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PROPERTY DESCRIPTION
The property is of detached brick construction under pitched roofs dating back to 1877 however there was a previous hostelry on the site for centuries previous, servicing the workers and staff of “the old house” which at that time was a Tudor Manor House. This most imposing property has been fully restored to a high standard with a continual maintenance programme. LOUNGE BAR (50+) is tastefully furnished and has large picture windows overlooking the impressive landscape (the fields immediately opposite the pub is regularly used for EQUESTRIAN EVENTS) and has a living fire set to one end providing cheer to the many walkers who use the pub. RESTAURANT (30) located as you walk in from the large car park has robust country furnishings, CONSERVATORY(50+) is of a more modern feel and is linked at one end to the lounge and the other out to the decked dining area. CENTRAL BAR SERVERY has a full range of REAL ALE WICKETS and Bright beer pumps along with an excellent back fitting for merchandising products and events. LADIES & GENTS facilities are well presented. BEER CELLAR is fully chilled. CATERING KITCHEN is commercially fitted with professional s/s units to a high trading standard. This is a business ready to change hands “and go”.



OWNERS ACCOMMODATION
Located to the 1st floor comprises of a 3 Double Bedrooms, Large Lounge, Fitted Kitchen, Jacuzzi bath and shower and separate w/c. Our clients are accustomed to a high lifestyle and comfortable living standards which are reflected within their home.

EXTERNALS
Definitely one of the most popular outside seating areas of any pub, the front of the property has timber benches overlooking the fields and woodlands of Old Knebworth and these extend to the side of the property. The trade beer garden (60 +) located to the rear of the property has mature shrubs, heating, and timber benches and leads to the enclosed terraced decked dining area (50). Car parking is available for 60 vehicles plus unrestricted road parking.


PREMISES LICENSES
We are advised that the business currently trades on hours of 11am till 11pm all week with 12 midnight Friday & Saturday these hours being current with the Premises License. A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses

TENURE
The lease of 13 years is fully protected under the Landlord & Tenant Act and renewable at its end for no further cost for a further 13 years and has been recently extended to make 18 years available from 2008. Current rent is £65,000 p.a. paid monthly with 1 month in advance. The lease, which is from KNEBWORTH ESTATES is completely FREE OF ALL TIES and when renewed has to be let on no less favourable terms – IT’S A FREEHOUSE

SERVICES
We are advised that the business benefits from connected electric, water, and central heating by GAS. A septic tank is in place.

THE BUSINESS
Our clients have owned the business for some 5 years, running it as a family business however due to ill health now need to retire. During this period of tenure our clients have enjoyed a terrific lifestyle including boats and foreign holiday homes. Sales to y/e Nov 2007 show £793,125 inc vat on a split of 55% Wet to 45% Dry and expect y/e to be very close to the same figure with a slight adjustment for personal circumstances. Our client will offer full disclosure to interested parties however we can assume and confirm that Disposable Net Profit in excess of £100,000 is available to a new owner. With energy and focus it would be reasonable to see sales sour to a figure close to £1million pa inc vat with a FREEHOUSE sales to profit yield of 35% less rent ie £237,000 Net Profit.
Example of bar prices –PINT- Fosters £2.85 –Stella £3.35 – Bitter £2.75 / £3.20 – Cider £3.20 / £3.50 this allows a most healthy margin with FREEHOUSE discounts available.



THIS IS A MOST PROFITABLE BUSINESS AND COMFORTABLE HOME WAITING FOR A NEW OWNER TO GROW IT FURTHER OR JUST ENJOY THE FRUITS OF THE BUSINESS AS IS – WE ADVISE TO CONSIDER THIS PUB AS A MATTER OF PRIORITY

Property information

Property:

Leasehold