Ref: 8189 leasehold
beautiful grade II listed riverside inn & restaurant with letting rooms situated on the banks of the river severn within the popular tourist town of bewdley, worcestershire offered with high turnover and profits
Stunning position next to the River Severn and Bewdley Bridge offering lovely views.
Characterful Lounge Bar/Dining Area (circa 50) with quarry tiles, river views and an open fireplace.
Quaint and intimate Restaurant (circa 30) with beams, quarry tiles and river views.
7 x 4* aa Rated En-Suite Letting Bedrooms.
Riverside Seating for 40 and Delightful Patio Courtyard with BBQ Area for 80.
1 Bed Owners Flat.
Advised turnover for year ending 05/18 is £1,213,309 (inc VAT) on a 60% wet, 30% food & 10% letting.
10 yrs remaining of a lease with a rent of only £64k.
Chance of A lifetime, high turnover and wonderful location
This impressive, extremely busy and highly profitable Riverside Inn & Restaurant with Letting Bedrooms is located on the banks of the River Severn within the town of Bewdley.
Bewdley is situated in the Wyre Forest and is described as the most perfect Georgian town in Worcestershire.
Located on the River Severn, its name says it all - from the French words Beau Lieu - 'beautiful place'.
Bewdley is a popular town with both visitors and its residents with lovely river walks, churches, beautiful gardens and Bewdley Museum.
The town is renowned for its major events such as Harvest Fairs, Regattas and the annual Bewdley Festival.
This very profitable Grade II listed Riverside Inn & Restaurant with Letting Bedrooms is of brick construction occupying a lovely Waterside position overlooking the River Severn and close to Bewdley Bridge.
The Restaurant (circa 30) is a quaint and intimate dining room benefitting from quarry tiled flooring, beamed ceilings, wood panelling and lovely river views.
The Lounge Bar (circa 50) is a room full of character and has an inviting bar servery as its focal point as well as a lovely open fireplace, beams and quarry tiled flooring.
The 1st Floor Residents Lounge (circa 16) is a quiet area for guests to enjoy a drink or coffee away from the main trading areas.
The spacious Commercial Catering Kitchen is being offered with a range of stainless-steel equipment (not tested), appliances and work surfaces.
Ladies and Gents W.C.'s.
The Ground Floor Cellar benefits from a cellar cooling and python system.
Located on the 1st Floor of the main building and next door are 7 En-Suite Letting Bedrooms all offering river views and ranging from £70-£100 per room per night. These rooms are beautifully presented.
Located on the 1st Floor and briefly comprising of: Double En-Suite Bedroom, Lounge and Kitchenette.
To the front of the business is a lovely Riverside Terrace Area offering seating for 40 customers (subject to council licence). This area is beautiful in the summer months with lovely views over the River Severn.
To the rear is a superb Patio Terrace with BBQ Area offering seating for a further 80 customers.
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
7 days per week 10am - Midnight
Current opening hours are:
Sun - Thursday Midday - 11pm
Fri - Sat Midday - 11.30pm
nb. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the aplh Qualification in readiness for their intended operation of the Public House.
The business is offered for sale as a lease assignment with approximately 10 years remaining of the Heineken full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines, sprits and minerals. We are informed that the rent is currently £64,000 to include the cottage next door. (The cottage is held on a separate private lease agreement). We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently being £28,000 per annum.
The current owner purchased this lovely business 15 years ago and is offering the property and business in fantastic condition throughout along with being an extremely busy and profitable concern.
New operators will benefit from a very strong trading foundation along with a property that sits in an enviable location.
This is an opportunity not to be missed!
We are advised turnover for year ending 05/18 is £1,213,309 (inc VAT) based on a trade split of 60% wet, 30% food & 10% letting.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Marc Blackford who would be delighted to discuss further details.
Viewing appointments must be made by contacting Guy Simmonds.
Details Prepared: January 2019
Note: Size quoted is usually the Total Useful Floor Area taken from the EPC and is for guidance purposes only and no responsibility is assumed by Guy Simmonds for the accuracy.
If size stated =1m2, this is because no measurements are available at this time.
Viewing: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
Finance for purchasing A licensed property: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.