| (REF: G4823L) A Quintessential English Village Inn & Profitable Business |
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| Seller Reference: |
G4823L |
| B4S Reference: |
30637 |
| Asking Price: |
£59,000
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| Net Profit: |
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| Sales Revenue: |
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| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Clutton, Somerset, United Kingdom |
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THE BUSINESS
Our client’s have run the business as a husband wife team for nearly 2 years and reluctantly have to return to their home country of Australia due to family matters. Having taken on the business in early 2010, they have clearly maintained the high level of business resulting in excellent turnover and profitability yet there is still fantastic scope for growth. Operating on limited opening hours currently, the business trades on a 60% Wet, 40% Dry trade. Current weekly takings show an average of £5000. Accounting information for 2011 shows an annual turnover of £260,389 inc vat with a Reconstituted Net profit circa £41,000 pa. There is a healthy mix of local clientele, along with destination, passing trade and strong support from the 7 Skittle teams. There is clear scope to grow the trade by the addition of extra team/ vault activity, extended opening hours and increased function trade.
OFFERING FURTHER SCOPE AND GROWTH, AND A FANTASTIC LIFESTYLE AND LOCATION, IS THIS UNIQUE OPPORTUNITY TO TAKE ON AND DRIVE FORWARD AN ALREADY THRIVING AND PROFITABLE PRETTY VILLAGE INN
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Property: |
Leasehold |
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Lease Terms: |
TENURE
We are instructed to offer the property for sale as an assignment of a 25 year lease commencing 2005 with circa 19 remaining, tied on beers/ciders only to Admiral Taverns. The lease is fully protected under the Landlord & Tenant Act 54 and renewable at no further cost at its end. Rent is set currently at £29,973.45 pa with 5 yearly reviews, the next being 2015.
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Current Rent: |
£29,974 |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
OWNERS ACCOMMODATION
Located to the first floor is an extremely well presented and appointed 3 bed owner’s accommodation comprising, lounge, dining room with outer veranda, stainless steel kitchen, bathroom, WC, office room and further storage and 3 bedrooms all in excellent order. Two stairwells: 1 to main pub, 1 to trade kitchen
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Location: |
LOCATION (BS39 5PD)
Clutton is a historical stone built rural village with a history dating back to The Domesday Book 1086 , in North East Somerset, circa 11 Miles from Bath, and 9 Miles from Bristol situated in the Chew Valley close to the Chew Valley Lake, Mendip Hills and Cheddar Gorge. With a population of circa 1600 people, Clutton remains a fully operational village with working Post office and local Butcher’s shop adjacent to the Railway Inn itself. Originally a mining village at the heart of the coal industry and close to the Radstock Mining Museum, Clutton is now extremely well placed as a desirable residential commuter locale for Bristol & Bath professionals. Catering for all ages there is a ‘Youth Club’ for 8 – 13 year olds at the village centre, amongst a healthy family lifestyle and culture with many social events across all ages. Being just off the main A37, tourism and passing trade feature prominently. The church of St Augustine of Hippo sees its history going back to 1190.Clutton hosts the annual ‘Open Garden Event’ and plays host to both Football and Cricket teams and stands close to the nearby large town of ‘Midsomer Norton’ (5 m) and the cathedral city of ‘Wells’ (10 m).
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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