Pub/bar for sale in Woodside Road, Bedfordshire: Woodside LU1

£49,950 (£18.13/sq. ft)
Pub/bar for sale 256 sq. m*
Interested in this property? Call +44 1332 494756 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Ref: 8271 Leasehold

An outstanding traditional 19th Century Village Inn available for the 1st time in 25 years situated in the delightful and sought after Hamlet of Woodside, Bedfordshire

Traditional village inn situated in the prime hamlet of Woodside.

Welcoming and inviting Main Lounge Bar (circa 30+) and a versatile Restaurant (circa 30 covers).

Fully equipped Commercial Catering Kitchen.

Impressive Family Accommodation.

Very good sized Beer Garden (circa 250) and Patron’s Parking facilities for circa 20 cars.

Advised current turnover circa £220,000 (incl. VAT).

Trade derived from circa 70% wet sales and 30% food sales.

Massive potential for catering focussed operators.

Presented in excellent decorative order.

Enterprise Inns ‘partially tied’ renewable lease.

Ideal for newcomers to the trade.

An extremely rare opportunity to acquire an established and successful lifestyle business and family home offering tremendous growth potential


Location


This excellent business is located in the sought after hamlet of Woodside, in the glorious county of Bedfordshire and can be easily reached from junction 10 of the M1 motorway. Situated within the commuter belt of the capital city of London and also having excellent road communications providing easy access to the A1(M), M25, M1 and M11 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Luton, Stanstead, Heathrow and Gatwick. The hamlet of Woodside is also within the catchment area of many similar affluent towns and villages in addition to being situated close to Dunstable, Luton, St Albans and Milton Keynes making this superb inn ideally positioned to draw trade from the nearby surrounding towns and villages which provide an excellent level of repeat trade. A compelling trade opportunity.


The property


This delightful inn occupies a prominent and easily accessible trading position.

Main entrance at the front leading into the lobby with access into the Lounge Bar and Restaurant.

Lounge Bar (circa 30+) is a good sized traditional room exuding a welcoming ambience.
There is a feature return bar servery with a solid polished counter with glass gantry above and a matching mirrored back fitting with shelving and refrigerated bottle coolers (not tested). The room is well furnished with a good range of solid polished tables, upholstered chairs, fixed upholstered perimeter seating and upholstered stools. The room also has an oak floor and part panelled walls. Access to the W.c’s, Beer Garden and the Restaurant.

Restaurant (circa 30 covers) is a versatile and multi-functional room ideal for meetings, private parties and wakes etc and exudes a lovely relaxing and inviting dining ambience and is well furnished with a good range of solid polished tables and upholstered chairs.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Lower Ground Floor Cellar with dray drop, pumps, python, post mix and cooler.

Ladies, Gents and Disabled W.C.’s.

Owner’s accommodation

Situated on the 1st floor, being a good size and presented in excellent decorative order and briefly comprises: 2 bedrooms, lounge, kitchen and bathroom.


External


There is a very good sized lawned Beer Garden (circa 250) at the rear with timber picnic benches. There is a brick paved partly covered patio area with timber picnic benches and a children’s play area. There is also a good sized storage unit. Patron’s Car Park for circa 20 cars.


Trading & licensing


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:
Monday – Sunday – 08.00am – 03.30am
The current opening hours are as follows:
Monday – Sunday – Midday – 11.00pm

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.


General remarks


The business is offered for sale as a lease assignment with approximately 2½ years remaining of the Enterprise Inns full repairing and insuring, renewable agreement. We are advised that the inn is ‘part tied’ to draught beers and bottled beers only. We are informed that the rent is currently only £21,000 per annum. 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 and uses gas fired central heating (no services seen or tested). Business rates are advised as being circa £0 per annum.


The business


Our vendor client operates this excellent business as a ‘sole trader’ on a full time basis with the assistance of 7 part time members of staff.
Trade is currently derived from circa 70% wet sales and 30% food sales.
Whilst emulating the current successful business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a food orientated operation to take this business to the next level by exploiting the obvious food potential that is to be found here.
There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc.
Advised current sales are circa £220,000 (incl. VAT).
This busy and popular inn is an extremely well-established and successful business and in our opinion with the above areas of potential we would quite easily expect fully focussed and fully committed operators to achieve a turnover well in excess of £300,000 (incl. VAT).

Accounting information will be made available to interested parties after viewing.

This business was viewed by Martin McConnell who would be delighted to discuss further details.

Viewing appointments must be made by contacting Guy Simmonds.

Details Prepared: June 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.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Guy Simmonds, DE73 on +44 1332 494756 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Guy Simmonds, and do not constitute property particulars. Please contact Guy Simmonds for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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