Vine Large Country Pub & Restaurant For Sale

Business description

Large country pub & restaurant in attractive village location.

Spacious bar, conservatory (30) and function room (50). 5 bedroom private suite & very big garden. Established T/O with enormous potential. Looking for a high capacity country pub with very spacious private accommodation? Look no further than The Vine. Situated in an upmarket country district close to the Hampshire/Berkshire border, the bijou village of Hannington has quick access to both Basingstoke and Newbury as well as being within easy reach of the numerous other well to do towns and villages in the area. The Vine is a particularly large property with a really spacious bar and adjoining conservatory restaurant, and together with a useful function room the property provides an ideal venue for small private parties and meetings as well as the normal customer base. The main public area has a nice comfortable feel to it and whilst spacious has a pleasant friendly atmosphere. Outside there is a very large car park and a big garden with numerous outside benches and a children’s play area; this garden is a truly delightful feature for the summer months.

Another benefit is the particularly spacious private accommodation with its good sized rooms providing The Vine with a comfortable family home. When the present lady owner acquired the property some three years ago The Vine had been trading at a low ebb for a number of years and indeed prior to her taking over had been closed for around 6 months. As a result much of the furniture, fixtures & fittings and equipment is still in very good condition being only some 3 years old. Since taking on The Vine she has worked tirelessly to improve both the property and the business and can justifiably feel proud of what she has achieved entirely under her own effort. The business has now established a good local following and is developing an excellent reputation for food. After the considerable hard work of the last few years getting the business back on its feet, this decision to sell consequently presents a wonderful opportunity for new owners to reap the rewards of all the effort undertaken to date. The Vine genuinely offers enormous untapped potential for enthusiastic owners; it has a lot to offer.

THE PROPERTY
Of traditional brick construction beneath pitched tiled roofs, the property is built on ground and first floor levels with a basement cellar.

PUBLIC AREAS
The usual access into the property is from the side car park and leads into a spacious Lounge Bar (30+) in two main areas linked via an arch; woodburning stove and a number of comfy leather sofas. A large well equipped L-shaped bar servery serves both areas. Pool Room area off to one side with pool table. Adjoining the lounge bar is an attractive modern Conservatory Restaurant (30) with double doors to rear garden. Separate Function Room (50).

OWNERS’ ACCOMMODATION
A particularly attractive feature of The Vine is the large comfortable private accommodation on the first floor. Comprising 5 Double Bedrooms (1 en suite wc), Lounge with adjoining Breakfast Room and Kitchen. Very large Bathroom with wc and shower. Office.

SERVICE AREAS
Well equipped Commercial Kitchen, dry store and refrigeration areas. Refrigerated beer cellar.

OUTSIDE
An unusually Large Garden mostly laid to lawn with numerous outside A-frame wood tables with umbrellas. Children’s Play Area with slide and climbing frame. Private Garden with vegetable patch. Gravel Car Park (50+) to side. Three Garages (used for storage).

LOCAL AUTHORITY AND SERVICES
Mains electricity and water. Private drainage. Heating and hot water provided by LPG; 2 x 2,000 litre bulk storage tanks.

LICENCE
The property has a Premises Licence.

2008 LISTINGS
Included in a number of guides for walks in the area and is also understood will be included in the AA Good Pub Guide for 2009 and 'Britain's Best Pubs 2009'.

TRADE
When the present owner took over The Vine some 3 years ago the business was closed but since reopening has developed a popular following from the village itself, as well as the numerous well to do villages in the immediate area. This is a popular area for walkers and also attracts business as a result of that. It is a particularly popular venue during the summer months with its large garden and children’s play area. Accounts for the year ended 31 March 2008 show profits of over £17,400 on net turnover £239,340. This compares with turnover the previous year of £241,844. Approximately 60% of the revenue is derived from meals. Tied for beer and cider sales only.

LEASE
A new 20 year lease was granted by Punch Taverns in August 2005. The next review is in August 2010. Current rent £46k per annum.

PRICE
Offers in region of £75,000 for the leasehold interest complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

FINANCE
Colliers Robert Barry is in touch with different brokers and lenders specialising in all aspects of the hotel, hospitality and pub sector and will be pleased to introduce them to prospective purchasers on request.

DIRECTIONS
The Vine is well signposted with a number of ‘brown’ tourist signs off number of nearby roads. Off the A339 Newbury to Basingstoke road, follow the signs for Hannington (or the brown tourist signs). The Vine is just past the village green.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Leasehold