Impressive Hertfordshire Pub & Restaurant For Sale

Business description

A most impressive pub and restaurant in an outstanding location amongst private housing and adjacent to the local hospital


> Turnover for year ended March 2008 £653,063 inc of V.A.T with reconstituted net operation profit of £62,000
> Superb L-shape bar area (60 + 100 vertical drinkers), 3 dining areas (82 spacious covers) and car parking for circa 90 vehicles
> Immaculate fully fitted commercial kitchen with full extraction facilities and stainless steel appliances, separate wash area and both walk-in- cold room & walk-in-freezer room
> 3-bed room owner’s accommodation with lounge, kitchen and bathroom
> Enclosed and heated smoking solution, extensive garden area (200 +) with children’s play area
> 15 year fully renewable protected lease from March 2007

AN IDEAL OPPORTUNITY TO ACQUIRE A ROBUST BUSINESS WITH GREAT FACILITIES OFFERED AT A REALISTIC ASKING PRICE OF £90,000 TO INCLUDE GOODWILL, EXTENSIVE FIXTURES AND FITTINGS PLUS S.A.V.

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LOCATION (AL7 4BW)
This is a large pub restaurant on the outskirts of Welwyn Garden City with a huge garden and adjacent to the Queen Elizabeth ll hospital. Lots of charm & character & plenty of cosy areas to relax with a quiet drink or a snack or a main meal of the a la carte menu. Welwyn Garden City is one of England's finest examples of a new town. It takes its name from Welwyn, a separate village situated several miles north of the new town. The new town was developed in 1920 by Sir Ebenezer Howard, the residential and industrial areas are laid out along tree-lined boulevards with a neo-Georgian town centre which offers excellent shopping facilities. The development of the town followed Ebenezer Howard's first Garden City, Letchworth, in 1903. Welwyn Garden City is situated between Hatfield and Stevenage, just east of the A1(M) motorway. The River Lee flows past the south side of the town on its way to Hertford. The town offers excellent modern shopping, comprising mainly of the modern Howard Centre indoor shopping centre, a large John Lewis department store a few hundred metres away from the Howard Centre. The industrial and business parks are home to some top companies, including Xerox, Tesco and Roche. "Shredded Wheat" breakfast cereal is also manufactured in the town, which can sometimes explain the pleasant aroma in the air. Residential areas are modern, with older houses on “The West Side” and newer houses on the East Side of the main boulevard that runs through the town. There are two golf courses in the town, with more just outside. It was here that Nick Faldo learnt the game and his name can be seen on the walls of a number of clubhouses in the area.

PROPERTY DESCRIPTION
The property was constructed in the 17th Century, and is a Grade II listed building, and refurbished in 2005 it has retained many of its original features. This traditional pub offers you a RESTAURANT and a BAR area serving a great range of quality beers and real ales. Entrance leading to L-shaped bar server (60 seating + 100 + vertical drinkers) with Real Ale Pulls along with bright beer pumps set on a polished timber bar top, 3 restaurant areas (82 spacious covers with wooden tables & chairs), cosy snug (10) with a functional wood burning fireplace, ladies & gents washrooms, fully fitted commercial kitchen with full extraction facilities and stainless steel appliances, prep & washroom, walk-in-cold room & walk-in-freezer, bottle store, staff changing facilities, 3 store rooms, beer cellar and an office.

OWNERS ACCOMMODATION
The owner’s accommodation provides for three bedrooms, lounge, family bathroom and a kitchen.

EXTERNALS
This superb business has a covered & heated smoking solution, impressive garden (200+) with children’s play area, patio (30+), car parking for circa 90 vehicles, bin area and outside storage.

PREMISES LICENSES
We are advised that the business premises licence allows trading Mon-Sat from 10:00 am till 12 midnight and Sunday from 12 noon till 11:30pm. Current opening hours are Mon –Sat from 11:00am till 11:00 pm and Sunday from 12 noon till 11:00pm.

TENURE
We are instructed to offer the business for sale by way of lease assignment of a 15 year fully tied lease from March 2007, fully renewable at no further premium with full Landlord and Tenant Act Protection from Charles Wells Brewery at an annual passing rent of £50,000 (9% rent to sales ratio) with 3 yearly rent reviews.

SERVICE
We are advised that all mains services are connected to the property, gas cooking & central heating.

THE BUSINESS
This fantastic business is flourishing due to the current Manager’s commitment to provide what is truly a stunning local GOOD FOOD AND BEER PUB; they have built an impressive and loyal following due to their commitment to the community which surrounds them. The pub has a Golf Society, Darts Team, Football Team and entertainment most Saturday nights. Excellent levels of trade with average weekly sales of £12,558 inc of v.a.t ( £653,063 p.a.) and reconstituted net profits of £62,000. The establishment would be ideal for either an experienced operator or a multiple operator looking to expand.

A TRULY UNIQUE OPPORTUNITY TO BUY A FANTASTIC BUSINESS WITH EXCELLENT TRADING LEVELS WAITING TO BE TAKEN TO THE NEXT LEVEL

Property information

Property:

Leasehold