Ref 8336 leasehold
truly impressive and thriving 19th century grade II listed award- winning traditional community inn situated in the affluent and highly desirable market town of alton, hampshire
Traditional community inn situated in the prime location of Alton, Hampshire.
Versatile and multi-functional main Public Bar (circa 100) with a lovely welcoming and relaxing ambience and a cosy Snug/Private Dining Room (circa 14+ covers).
Fully equipped Commercial Catering Kitchen.
Enclosed Beer Garden and Patron's Car Park.
Highly impressive 4 Bedroom Owner's Accommodation.
Advised current turnover circa £625,000 (incl. VAT).
Trade derived from circa 50% wet sales and 50% food sales. Immense potential for catering/functions orientated operators.
Punch Taverns 'part tied' renewable lease.
This outstanding business is situated in the highly sought after and historic market town of Alton in the glorious county of Hampshire and can be easily reached from the A31/A32 near Alton.
Situated within the commuter belt being approximately only 40 miles from the capital city of London and also having excellent road communications, providing easy access to the M25, M3 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick.
This traditional community inn is ideally situated to draw trade from Winchester, Basingstoke, Farnham and Alton itself and also attracts a desirable clientele emanating from the affluent nearby surrounding towns and villages and has an excellent level of repeat trade.
A compelling business opportunity and an enviable place to reside.
This well positioned 19th Century Inn occupies an excellent prominent and easily accessible trading position.
Main entrance at the front leading into the main Public Bar (circa 100) is a good-sized traditional room exuding a lovely welcoming and relaxing ambience and is versatile and multi-functional in its usage being ideal for private parties, weddings and wakes etc.
There is a feature central return bar servery with a solid polished counter and a matching back fitting with shelving and refrigerated bottle coolers (not tested).
The room is well furnished with an eclectic range of solid polished oak tables, a mix of upholstered chairs, pew style seating and bar chairs.
Adding to the charm and character of the room is the part panelled walls, the part solid oak flooring and the feature log burner fireplace. Access through to the Snug/Private Dining Room.
Snug/Private Dining Room (circa 14+ covers) is a lovely cosy room ideal for smaller private dining parties etc and is furnished with solid polished oak tables and a mix of chairs. Adding to the charm and character of the room is the lovely exposed brick walling, the beamed ceiling and the feature log burner fireplace.
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 and cooler.
Ladies and Gents W.C.'s.
Situated on the 1st floor, being of a good size and presented in good decorative order and briefly comprises: 4 bedrooms, office space, lounge, fitted kitchen/diner, additional kitchenette and bathroom.
There is an enclosed lawned Beer Garden with timber picnic benches. There is also an additional smaller lawned Beer Garden at the side with timber picnic benches. Covered designated smoking area and an enclosed yard with a brick- built storage unit. Patron's Car Park for circa 6/8 cars.
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 - Wednesday - 10.00am - 11.00pm
Thursday - Saturday - 10.00am - Midnight
Sunday - 11.00am - 10.30pm
The current opening hours are as follows:
Monday - Wednesday - Midday - 11.00pm
Thursday - Saturday - Midday - Midnight
Sunday - Midday - 10.30pm
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 3 years remaining of the Punch Taverns full repairing and insuring, renewable agreement. We are advised that the inn is 'part tied' to draught beers, bottled beers and minerals only. We are informed that the rent is currently circa £36,000 per annum. 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 tbc per annum.
Our vendor clients, in situ since 2008 operate this excellent business as a 'husband and wife' team on a full-time basis with the assistance of 2 full time and 7 part time members of staff.
Trade is currently derived from circa 50% wet sales and 50% food sales and 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 catering/functions orientated operation to increase the turnover and profits.
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 and due to the high levels of footfall and passing trade there is also massive potential to facilitate early opening hours to provide tea/coffee and breakfast etc which would have an incredible positive impact on the turnover and profits. Advised current sales are circa £625,000 (incl. VAT).
This extremely popular community inn is a 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 £675,000 (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: November 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.