Ref: 8377 leasehold
An outstanding and highly impressive Micro-Pub for sale currently run under management offered on a 'Free of Tie' lease, located in the sought-after town of East Grinstead, West Sussex.
Prominent and well positioned business situated in the desirable and prime location of East Grinstead.
Welcoming and relaxing and versatile Public Bar (circa 30+), a Snug Area (circa 6/8) and the 'Library' (circa 4/6).
Utility Room/Storeroom - could be used as a Catering Kitchen when re-fitted (STPP).
Presented in excellent decorative order having been refurbished and modernised throughout with no expense spared.
Advised current turnover circa £85,000 (incl. VAT).
Trade derived from circa 100% wet sales. Undoubted potential for catering/event orientated operators
Operating on massively reduced trading hours.
Private free-of-tie renewable lease with a favourable rent.
Ideal first time buy.
An exciting opportunity to acquire this truly superb business proposition offering tremendous growth potential.
This outstanding business is situated in the affluent and highly sought after town of East Grinstead in the beautiful county of West Sussex and can be easily reached from the M23 near Gatwick Airport intersection. Situated within the M23/A23 corridor having excellent road communications providing easy access to the M23 and M25 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. East Grinstead is also within the catchment area of many similar affluent villages and towns in addition to being situated close to Horsham, Haywards Heath, Burgess Hill making this superb micro-pub ideally situated to attract trade from these nearby surrounding towns and villages. An enviable place to reside offering a compelling business opportunity.
This impressive property occupies a prominent and busy trading position receiving excellent levels of footfall and passing trade.
Main entrance at the front leading into the main Public Bar.
Public Bar (circa 30+) is a lovely room providing an inviting and relaxing ambience and offers versatile and multi-functional usage; ideal for private parties and real ale events etc. And is presented in excellent decorative order.
There is a feature return bar servery with a solid polished counter with refrigerated bottle coolers (not tested), flash coolers, stillage racks which is complemented by a range of solid polished tables, leather armchairs, upholstered bar stools and bar chairs. Access to Snug Area and 'The Library'.
Snug Area (circa 6/8) is a cosy area furnished with solid polished tables, leather sofa and leather chairs.
'The Library' (circa 4/6) is a small private area furnished with a table and chairs.
Utility/Storeroom which could quite easily be refitted with commercial catering appliances STPP.
Ladies and Gents W.C.s.
There is a licensed seating area at the front and a driveway at the side for circa 3/4 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 - Saturday - 10.00am - 11.30pm
Sunday - Midday - 10.30pm
The current opening hours are as follows:
Monday - 4.30pm - 9.30pm
Tuesday - Thursday - 4.30pm - 11.00pm
Friday - 3.00pm - 11.00pm
Saturday - Midday - 11.00pm
Sunday - 2.00pm - 9.30pm
nb. Important. Prospective purchasers wishing to continue to operate this restaurant and bar should ensure that they gain the aplh Qualification in readiness for their intended operation of this business.
The business is offered for sale as a lease assignment with approximately 7 years remaining of the private Free of Tie full repairing and insuring 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 informed that the rent is currently only £12,000 per annum.
We are advised that the inn benefits from all mains services (no services seen or tested).
Business rates payable are advised as currently being circa £0 per annum.
Our vendor client operates this well-established business on a 'hands-off' basis with the assistance of 1 full time manager and 3 part time members of staff.
Trade is currently derived from circa 100% wet sales, thereby providing massive scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation to take this business to the next level by exploiting the food and functions potential that is to be found here. There are many 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. There is also immense potential due to the high level of footfall and passing trade emanating from the exceptionally busy trading position; to facilitate early opening hours and to provide coffee and breakfast etc which would have an incredible positive impact on the turnover and profits. This is truly an exciting business opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City.
Advised current turnover circa £85,000 (incl. VAT). This delightful restaurant and bar is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator to achieve a turnover well in excess of £200,000 (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: March 2020
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.