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Character Devon Pub Hotel And Restaurant For Sale

Hartland, Devon, UK
Asking Price:
£535,000 Furniture / Fixtures included
Turnover:
£160,000
Net Profit:
£100K - £250K

SITUATION

The West Country Inn is strategically located on the North Devon/Cornwall border fronting the popular A39 “Atlantic Highway” holiday route. Bude is 10 miles distant and Bideford 13 miles (north east). The destination is ideal for tourists from which to explore this fabulous stretch of coastline and there is an extensive supporting hinterland as far as local trade is concerned. Set in approximately 2.5 acres, it is also a delightful place in which to live ! Take a look at this business's website www.westcountryinn.co.uk

GENERALLY

The building is thought to date in parts to 1570 and has traded as a Coaching Inn since these times. Fair to say, therefore, the business is very well established. The current owner has run the business since November 2003 and is selling now to pursue other business interests.
This is a substantial building in its own right though set in acreage we consider there may be further development opportunities (subject to obtaining planning permission if required) indeed the Camping and Caravan Club have granted permission for its use as a certified site for 10 x tents and 5 x touring caravans – this being subject only to the installation of a chemical disposal point and associated water supply. Capital costs to achieve this are low and will most certainly introduce the potential of another income stream throughout the year. There are 9 en-suite letting bedrooms, main Bar with a wealth of character, Games Room and Snug Area, Conservatory, Carvery Restaurant for 100, Functions Suite, enclosed Beer Garden (80 plus), Beer Terrace, 2 paddock areas, car parking for 100 vehicles and owners accommodation with 3 double bedrooms. Other recent additions include a Gymnasium and Spa facility.

INTERNAL DETAILS

The Main Bar area has tremendous character with exposed ceiling timbers, open fireplace having fitted log burner, exposed brickwork etc. Leading off - a Games Room and Snug Area with leather sofas whilst there is also a lovely Conservatory to the rear. An overflow Dining Area provides an additional 12 covers and there is a second Conservatory at the roadside frontage of the property. Gymnasium and Spa facility.
A Carvery Restaurant provides facilities for 100 covers and there is an additional Functions Room.
The Commercial Kitchen is very well equipped and there is a Chef’s Office leading off. Dry Store and Laundry Room.

LETTING ACCOMMODATION

All letting accommodation is located at first floor level. There are 9 letting bedrooms (5 x standard double; 1 x twin; 1 x family; 1 x King size double and 1 x Super King double) all with en-suite facilities and each having its own individual character features.

OWNERS ACCOMMODATION

Takes the form of an apartment at the rear of the building and providing 3 double bedrooms, lounge and family bathroom.

EXTERNAL DETAILS

Externally there is a large open surface car park for 100 vehicles, enclosed Beer Garden (80 plus), Beer Terrace, a single Garage and 2 x paddock areas. Caravan and Camping site area. The overall property/land extends to approximately 2.5 acres (estimated)

THE BUSINESS

The business has been owned and run by the current owner for the past 17 years, during which time the business has generally gone from strength to strength with an ever improving reputation as a friendly, well run family business.
It is seen very much as a destination pub and with the influx of tourism during the summer months and with passing trade during the winter. The West Country Inn caters for all sectors of the trade.
Within the area there are multiple holiday lets, caravan parks, B & B’s and letting chalets, all of which interact with the pub itself. The business also is well known by walkers, sports pursuit guests and year round business trade.
Over the past 4 years The West Country Inn has achieved a 3AA Inn Star Rating and currently holds a 5 Star Hygiene Certificate and Tribute Master Certification awarded by St Austell Brewery and recognition from other recommending bodies.
The West Country Inn also has a website – This website also provides a booking function – take a look! www.westcountryinn.co.uk

TRADING INFORMATION

Trading figures will be made available to bona fide applicants once a viewing has taken place. We are however able to confirm a net turnover of £160,,000 to December 2017, Gross profit £116,000 and Net profit £88,000 before own consumption, wages, motor running costs, repairs & maintenance, accountancy fees, legal fees, bank & interest costs and depreciation.

LICENCES

The property has a Premises Licence granted by the relevant Local Authority. It is a requirement of the Licensing Act 2003 that properties serving alcohol have a designated Premises Supervisor who must be the holder of a Personal Licence. Prospective purchasers are advised to take appropriate specialist advice.

FIRE RISK ASSESSMENT

We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are 5 or more employees, the property is under enactment of a licence or where an alterations notice has been served.

ENERGY PERFORMANCE CERTIFICATE

The properties asset rating is C.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this business purchase, or any other purchase, please contact us for details of our approved brokers.
VIEWING
No direct approach may be made to the property. For an appointment to view please contact the Agent.
Dean Warmington Email: [email protected]
Important Notice
These particulars are for guidance only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute part of an offer or contract.

Any description of information given should not be relied upon as a statement of representation of fact or that the property or its services are in good condition. Neither Underwood Warmington (nor its Joint Agents) not any of their employees has any authority to or give any representation or warranty whatsoever in relation to the property.

Property Information

Property:

Freehold

Living Accommodation:

3 x bedrooms with lounge & family bathroom.

Location:

Devon/Cornwall border - fronting the A39 Atlantic Highway holiday route into North Cornwall. Hartland and Bideford and Clovely are closeby. Countryside setting.

Premises Details:

Dated to Circa 1570 and trading as an Inn since these times - plenty of character.

Energy Performance Rating:
C

Business Operation

Reasons for selling:

owner wishes to choose a different career path after 17 years in the industry.

Contact Information

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