THE PROPERTY:
The Well Inn is a substantial and spacious detached destination inn which occupies a prominent trading position adjacent to the A37/A371 main roads.
This 17th-century coaching inn has recently undergone an extensive programme of refurbishment and improvement by our client in the last 3 years, creating a superior trading environment with exceptionally well-furnished public areas and impressive ensuite letting bedrooms.
This well-regarded inn briefly comprises: a substantial and impressive open-plan bar and restaurant with a central bar serving and comfortably seating 82+ customers;
A well-equipped commercial catering kitchen with extensive ancillary facilities, 16 individual en-suite letting bedrooms and suites with potential for more, and an owner's or manager's apartment with a sitting room, kitchen, Bathroom and a double bedroom.
Externally, the property has outside seating for 30+ customers and customer car parking for 20+ vehicles.
The Well Inn is a well-presented, high-turnover destination inn and an internal viewing is essential to fully appreciating all that this impressive and profitable business has to offer. Please note that the exterior of the property will be painted by our client prior to a sale.
SITUATION:
The Well Inn occupies a prominent landmark trading position adjacent to the A37 and A371 main roads, on the southern outskirts of Shepton Mallet. The historic market town of Shepton Mallet has a population of over 10,500 and is within the Mendip District of Somerset.
It lies approximately 5 miles east of the Cathedral City of Wells, and the cities of Bath and Bristol are both located approximately 18 miles away.
Shepton Mallet is home to good state schools, both primary and secondary, along with many highly regarded independent schools within easy reach, such as Wells Cathedral School, Downside School, All Hallows Prep School, and Millfield School.
The Well Inn is situated close to the Bath & West Showground and also offers easy access to Glastonbury, Cheddar Gorge, the Mendip Hills and Longleat.
INTERNAL DETAILS:
Main customer entrance door with entrance porch, accessed from the car park and trade garden, and leading to the reception area with an office and stairs to the upper floors.
Through the extremely spacious and impressive open-plan bar and restaurant, an attractive modern contemporary space with a lounge bar area fitted with high-quality fixtures and fittings,
including wood effect flooring, feature lighting, a wall-mounted large screen colour television, a wall-mounted menu board, a range of quality solid wood-topped tables, faux leather high-backed chairs, comfortable sofas and high stools comfortably seating 32 customers plus adequate standing room.
Timber-fronted and topped Substantial central bar servery fitted with associated back bar fittings and extensive display shelving, with non-slip flooring, 2 double glass fronted bottle fridges, a triple glass fronted bottle fridge, a glass washer, and an EPOS touch screen till system with a printer link to the kitchen (leased).
Restaurant Area is a continuation in style and theme with wood effect flooring, feature lighting, a feature-lit original well with a glass safety cover over, a commercial coffee machine, a filter coffee machine, a range of quality solid wood-topped tables, and faux leather high-backed chairs comfortably seating 50+ customers.
This room can be subdivided for private parties/meetings. Ladies and gentlemen's. Back Office/Storeroom. Commercial Catering Kitchen with tiled flooring and part stainless steel and part wipe-clean clad walls, being fitted with a comprehensive range of commercial catering equipment to include:- extractor system with stainless
steel canopies and gas interlock system, 6 burner gas range, eye level grill, chargrill, commercial microwave oven, Rational combi oven, twin floor standing deep fat fryer, twin floor standing pasta cooker, 3-door under counter commercial fridge unit, refrigerated saladette counter, warming cabinet with warming lamps over,
stainless steel work benches. Wash-up/Preparation Area with tiled flooring and wipe-clean clad walls, commercial dishwasher, stainless steel deep bowl sink unit, stainless steel work benches, stainless steel shelving, 3-door under-counter commercial fridge unit, microwave oven, walk-in fridge. Dry Goods Store.
With a beer cellar that is temperature-controlled with racked shelving.
Freezer Store with 2 chest freezers, potato rumbler, stainless steel sink unit, hand basin and racked shelving. Laundry Room/Storeroom with upright commercial freezer, ice machine, washing machine and tumble dryer.
LETTING ACCOMMODATION:
The business offers 16 well-appointed ensuite-letting bedrooms, all of which have been refurbished in the last 2 years. Situated on the first and second floors of the property, the rooms are equipped with remote control colour televisions and hospitality trays and briefly comprise: 2 king-size double suites, 2 family rooms, 4 king-size double rooms, 3 double rooms, and 5 single rooms.
There is also a large former bedroom with an en-suite bathroom on the third floor, which could be refurbished to create an additional letting suite if so desired.
OWNERS/MANAGERS ACCOMMODATION:
Situated on the second floor is a spacious apartment, which briefly comprises: a sitting room with an aspect to the rear. Kitchen with a range of base kitchen units and complementary worksurfaces. Bathroom: a modern white suite with a bath and a separate shower cubicle. Double bedroom with an aspect to the rear.
EXTERNAL DETAILS:
The Well Inn is a substantial and imposing detached inn that benefits from a customer car park to the side with space for 20+ vehicles. Also to the side of the inn is a beer garden area with artificial grass, a feature pond, a smoking shelter, and bench seating for 30+ customers. Bin Store Area. Covered store area.
THE BUSINESS:
The Well Inn is a substantial inn with letting rooms that has been extensively refurbished by our client in the last 3 years and is therefore extremely well presented throughout.
The business occupies an enviable and prominent landmark trading position fronting the A37/A371 main roads, which brings passing trade year-round.
The business boasts a strong year-round trade, with the letting rooms attracting commercial travellers and contractors working in the area during the week and tourists and visitors to the area at the weekends.
The numerous year-round shows and events that the busy Bath & West Showground hosts also boost trade levels, as does the Glastonbury Festival, together with other local events and attractions.
The business has seen continual year-on-year growth during our client’s ownership, and The Well Inn is a high turnover business, with the majority of the trade being derived from the popular letting bedrooms.
The business has been awarded a Traveler's Choice Award by Tripadvisor and benefits from its own, which provides further background information.
The sale of The Well Inn represents an excellent opportunity to purchase an accommodation-led Free of Tie Inn with a substantial turnover and strong profits that still offers genuine potential to develop all aspects of the business and the property and for further growth in trade levels and profits.
A formal viewing is essential in order to fully appreciate all that this most profitable business has to offer.
TRADING INFORMATION:
Management accounts provided by our client for the year ending September 1, 2022, show sales of £496,856 including VAT. The split of trade is 52% accommodation, 25% wet sales, and 23% food and function sales.
Trading information can be made available to interested parties following a formal viewing appointment.
CURRENT STAFFING:
The business is currently run under management with a full-time manager and various full- and part-time members of staff, together with casual members of staff as trade levels dictate.
