CALL TO VIEW 01702 667 111 / 020 3627 111 FANTASTIC LEASEHOLD PART-TIE PUB AND RESTAURANT PARKING, BEER GARDEN & SEPARATE FUNCTION ROOM OWNERS PRIVATE THREE BEDROOM ACCOMMODATION REF: PH1400 REDUCED TO SELL ESSEX - 99,950 LEASEHOLD + SAV TURNOVER 8,000 PER WEEK FULL A4 LICENCE RENT 45,000 PER ANNUM 8 YEARS 1954 ACT LEASE RATES 26,000 PER ANNUM 120 EXT & INTERNAL COVERS 70% DRY / 30% WET SALES 100 STANDING FUNCTION ROOM IMMACULATE CONDITION OWNERS 3 BED ACCOMMODATION *** FINANCE AVAILABLE *** PPS offer solutions for all types of commercial finance, including Secured & Unsecured Loans
Location: This idealistic Pub is well located on a busy main road with constant flow of traffic passing on a daily in and out of this well-known and affluent part of Central Essex. The Business & Premises: This destination Pub & Restaurant is a perfect example of a gastro pub and ticks every box that a publican could need or want 120 covers fantastic reputation for food large car park huge outside space and two gardens large three double bedroom owners accommodation with a lounge diner huge function room to expand the business. Internally the business is immaculately fitted and presented after undergoing a full internal refurbishment less than two years ago at the cost of over 100,000. This included new ceilings, flooring, equipment and wiring, as well as full external refurbishment. The Pub is well decorated internally with many pub features that help to create the atmosphere and is split into two main sections so that the business can accommodate for both families who want to eat and drink as well as customers who regularly return for a pint with friends. Not only does this pub tick boxes but it also has huge potential to increase trade, as currently our vendors do very little advertising and they also benefit from a huge function room which is not being utilized or marketed with a full licence to offer weddings and parties. In addition the business is predominantly staff managed and comes with a full management team, however could easily be run more profitably with an owner operator. Our vendors are wishing to sell this business due to a need to focus on other businesses overseas, and has for a quick sale to encourage an experienced publican looking to expand on this already established readymade business. The Premises: Entered by customers from three sides, the garden, the rear and also the front. Internally there is ample room throughout for 70 + internal covers via rustic tables and chairs, bar stools and leather armchairs along with booth style seating, large feature fireplace with coal fire and ornate hearth and tiled flooring, wooden flooring throughout, large waiter station with coffee machine, coffee grinder, two single wine display chillers, ample storage and work surface, gated style wine display shelving to side, access to all areas : bar, kitchen, garden via single door to side and rear, separate male and female toilets, cellar. Bar: Large double high raised L shaped bar with ample fished work surface, overhead hanging storage for glasses, and surround shelving behind for display of wines, frosted glass display with inset lights and ample room for display of spirits, range of integrated beer fonts for and wide range of beers, ciders stouts and bitters, soda dispensers, till systems, cocktail sinks, multi pot for drinks, three double drinks display chillers, one single drinks display chiller, ice machine, glass washer, cocktail sink with drainer, non-slip flooring. Kitchen: Large good size kitchen fully equipped for trade: stainless steel extractor canopy with full induction system, LinCat double griddle, LinCat dual fryer, 2 x stainless steel six burner electric range cookers with double ovens below, range of stainless steel work surfaces, three integrated low level fridges, commercial microwaves, stainless steel plate warmer, range of shelving to walls, stainless steel splash back to walls, fully tiled flooring. Preparation & Store Room: The Preparation room is open plan to the kitchen and house a large stainless steel work surface with large commercial wish washer and ample drainage space, two double
stainless steel sink unit with mixer taps, tiled flooring, door way to access hall / store room, this room houses a large walk in chiller as well as further freezers and stairs to separate owners office. Cellar: Entered via stairs down, huge store room and shelving throughout, inter locked wine cellar with ample shelving, soda machine, and plumbing to bar. Owners Office & Further Store Rooms: Access via stairs to first floor split level landing, doors to store room, door to separate owners office, CCTV display, work desk, ample storage. Garden: The gardens split into two separate areas and accessed via the main bar area or via front and rear car park. Matching tables and chairs giving ample room for 50 external covers, large parasols providing shade, enclosed by shrubs and trees, views over the town, paved hard standing. The second garden is entered via stairs down from main garden and fully enclosed by shrubs with hard standing paving and ample external covers for 45 50, this area can either be section off for function of used to extend the first garden. Function Room: Entered via the pub garden or via the side from car park. The function room is completely separate from the rest of the pub and comes with its own private patio garden, and large inside space with high ceiling and ample room for 50 covers. The function room is used for parities and weddings but is not pushed or marketed, and currently used by locals who wish to have private functions.
This give any purchaser huge potential to increase turnover as if marketed could become a very lucrative addition to the business. Owners Accommodation: Large self-contained three double bedroom flat with its own bathroom and kitchen diner. Tenure: The premises are held on a secure 1954 act renewable 10 year lease with eight yeast left to run, at a current rental of 45,000 per annum to include the owners three bedroom accommodation. The Pub is partly tied, the lease is held with a Pub company who have the tie for Beers only. Spirits, ciders and wines are free of tie. Turnover: We understand from our vendor client that the current turnover averages at 8,000 per week, working on an excellent profit margin 70% Dry / 30% Wet Sales. Full accounts will be made available. Business Rates: 30,000 per annum. Staff: Vendor operated with a full management team including chefs and front of house staff. Please call for further details. Trading Hours: Monday Saturday 12:00 11:00PM Sunday 12:00 6:00PM Legal Costs: Each Party cover their own legal costs as well as 50% of the landlord s fees. Fees Apply: PPS charge an Administration Fee of 300 + VAT on all proposed purchases, which includes all related Administration & Referencing work which is a compulsory part of the buying process. Price: We are instructed by our Vendor to offer this business for sale, at the REDUCED PRICE OF 99,950 priced to reflect the recent refurbishment and to include the remainder of the renewable leases, exceptional goodwill and fixtures and fittings. Stock to be purchased at valuation.
Viewing Arrangements: By prior appointment with Monday to Friday 0900 1730 Saturday 0900 1300 Sunday CLOSED Head Office: London Office: Kent Office: Suffolk Office: 534 London Road 4 th Floor 6 The Street St Andrews Castle Westcliff-On-Sea 86-90 Paul Street Sittingbourne 33 St Andrews Street South Essex London Kent St Nicholas Street SS0 9HS EC2A 4NE ME9 7AJ Bristol, TA1 2NT Tel: 01702 667 111 Tel: 020 3627 1110 Tel: 01634 505 110 Tel: 0117 379 0112 Web: www.paviourpropertyservices.co.uk Email: info@paviourpropertyservices.co.uk and many more Disclaimer: Misrepresentation Act 1991: Paviour Property Services for themselves and for vendors or lessors of this property whose agents they are give notice that: (1) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (2) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (3) no person in the employment of Paviour Property Services has the authority to make or give any representation or warranty or enter into any contract whatever in relation to the property; (4) rents or prices quoted in these particulars may be subject to VAT in addition. PAVIOUR PROPERTY SERVICES RESERVE THE RIGHT IN CERTAIN CIRCUMSTANCES TO CHARGE A COMMISSION TO THE PURCHASER.