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Highly Successful Business Located In Popular Market Town For Sale

Frome, Somerset, UK
Asking Price:
£1,300,000
Turnover:
£1,087,243
Net Profit:
Available on request

The Old Bath Arms is a thriving business situated in the heart of the local community, offering something for everyone. The multifaceted business is located within a beautiful stone-built property, which has been extensively renovated over recent years by our clients. The expansive venue boasts three restaurant rooms and two bar areas, each with its own style and charm, making it the perfect choice for any occasion, from a group celebration to a more intimate dinner. The decor fuses traditional country pub features with The Old Bath Arms own unique style and decorative touches. The property also provides two superior en-suite letting rooms with a very strong occupancy rate. The Old Bath Arms boasts the best outside trading space in Frome, with an in/out, fully automated retractable awning with newly created patio bar and outdoor terrace. There is also a fully furnished owner's flat and staff accommodation including four single rooms and one double.

Property Information

Property:

Freehold

Location:

The Old Bath Arms is conveniently located in Frome's town centre, on Palmer Street just off the main B3090 Bath Street, which runs through the town centre. Frome is a vibrant and popular West Country Town in which to live and work with a charming historic centre and a thriving local economy. Frome is packed with historic buildings, independent shops and creative people. It also offers the perfect destination for discerning tourists who are looking for something just a little bit different while visiting Somerset. Recently, quoted as 'Va Va Frome' by the Times, the town has a growing reputation as a hub for creative industries. Many professional crafts people work from individual workshops with specialities including but not limited to designer jewellery and textiles, musical instruments makers to blacksmiths. It is also home to modern innovative and creative businesses like 3D printing and new media agencies. Frome offers easy access to the picturesque Somerset Countryside and is only a 30-minute drive from Bath city centre. Western-Super-Mare is 35 miles from the property and the town is well connected via the A3612 to surrounding villages, towns, the M5 and the A303.

Premises Details:

The accommodation briefly comprises:-

The building consists of over 6,500 sq ft of usable space including:-

CRAFT COCKTAIL, BEER AND WINE BAR
A beautifully presented, fully refurbished Craft Bar with bespoke bar fittings, state of the art furniture, part tartan carpet, part strip wood floors with walls adored with prints, memorabilia and pendent hanging lights.

FINDLAYS LOCAL BAR
Fully refurbished in February in 2020. A character bar with strip wood floors and ample seating. Findlays in predominantly a sports bar with all the main big games and matches shown on the flat screen televisions.

RESTAURANT
Arranged over three rooms. Another character trading area with plenty of character.

COMMERCIAL KITCHEN
Fully equipped commercial kitchen, fitted to a high standard.

TWO EN-SUITE LETTING ROOMS
Each room features a flat screen TV, en-suite bathroom with shower and complimentary toiletries. B&B rates include a full English cooked breakfast with room rates ranging from £90-£150 per room by night.

MANAGER/OWNER'S FLAT
A fully furnished and well presented flat with open plan kitchen and living space on the first floor with loft bedroom above with bath and shower.

STAFF ACCOMMODATION
Arranged as four single rooms and one double room with separate kitchen, laundry area with two shower/toilet rooms with separate patio area.

OUTSIDE PATIO & SNUG AREA
Beautifully landscaped walled patio area with partially open barn, converted into an 'in and out' snug. Fully retractable electric awning with festoon lighting and separate BBQ Station.

GENERAL INFORMATION

BUSINESS
The Old Bath Arms is an extremely successful business nestled in the town centre of the ever-popular market town of Frome in Somerset. The business is operated by a fully trained management team overseen by the owner, together with a compliment of full time and part time staff.

The business is very much a 'chameleon' operation, opening all day, every day and is a strong community venue for locals and regulars, together with the many visitors to this area. The team have worked hard at creating trade initially and primarily from the local community using good food as its core product which in turn has increased wet volume sales. The Old Bath Arms appeals to a wide customer base with families very welcome and many local sports teams which they sponsor by receiving marketing income of circa £30,000 per year from suppliers such as Booker and Marstons. The venue is also very popular for all the big televised sporting occasions.

The business achieves a high overall gross profit margin of 67.5% without hotel and games income.
The property has undergone a fully maintenance programme during our client’s ownership and is presented to a very high standard throughout. The addition of the new outside terrace and snug has been incredibly popular and creates another experience for customers, year-round. The property benefits from a fully accessible from anywhere in the world CCTV system covering all areas inside and out with a fully networked back of house till system which is supported 24 hours a day. The whole business is run very efficiently with compliance and systems in place where appropriate.

The Old Bath Arms offers a wide ranging food menu with traditional British home cooked meals at its heart. The menu also extends to hand rolled pizzas, tapas and paella and the popular Sunday roast offering. There is also a wide range of drinks available from craft lagers to real ales, cocktails and an inviting wine list. The Old Bath Arms offers various meal deals throughout the week with children’s specials at the weekends.

The Old Bath Arms is a well established and very well run operation which has grown considerably under our client’s ownership. The flexible approach to trading styles and trends has kept the Old Bath Arms at the top of its game and is certainly one of the most successful pub/hotels’ in the area. Its place within the community provides it with a solid platform to trade off, demonstrated by the very impressive profit and loss figure.

For further information, please visit
Further trading information will be provided to bona fide interested parties following a formal viewing through the sole selling Agents Bettesworths.

RATEABLE VALUE
2017 List: £16,500. Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority.

SERVICES
We have been informed the premises are connected to all mains services.

TRANSFER OF A GOING CONCERN (TOGC)
The sale of the property includes the goodwill of the business and trade inventory and will be subject to Transfer of Undertakings (Protection of Employment) regulations (TUPE).

INVENTORY
To include furnishings and equipment as per an inventory to be supplied, but excluding the owner’s personal effects.

STOCK
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

Energy Performance Rating:
E

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