Traditional Food Led Country Local In Desirable Location

Ripley, Derbyshire
Price: £ 155,000
business for sale
Seller Reference: H4863L
Asking Price: £155,000
Net Profit: Undisclosed
Sales Revenue: Undisclosed
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold

Business Summary

THE BUSINESS
The business has been owned by our clients since 1996. Trading details are currently unavailable, although our client is willing to chat to interested parties (after their arranged viewing) about the nature of the business. It is estimated the trade split is 75%/25% dry/wet showing the dominance of the food aspect and the reliance on the local “Grey Pound” (i.e. elderly clientele). It is our opinion that a focused operator utilising a well-trained and enthusiastic management or family team and making use of the full available trading hours, would be able to develop sales close to the £ ½ million marker and provide themselves with an excellent return on their investment and time

LIVE IN A MUCH SORT AFTER VILLAGE LOCALE AND ENJOY THE REWARDS BOTH FINANCIAL AND LIFESTYLE THAT THIS BUSINESS CAN OFFER.

WALK THROUGH THE FRONT DOOR INTO AN EXCELLENT TRADITIONAL-STYLE GASTROPUB ‘JEWEL’ SET IN BEAUTIFUL COUNTRYSIDE IN THIS AFFLUENT AREA OF SURREY > A favourite destination dining pub for the Guildford area’s �Grey Pound� set > Fully carpeted open-plan bar area (70c + counter) in excellent decor...

Property Infomation

  Property: Leasehold
 
  Lease Terms: TENURE
We are instructed to offer the property and business for sale as an assignment of a 20-year (from 2007) Punch Partnerships Ltd Lease. The lease offers protection under the Landlord and Tenant Act and is fully renewable at no further cost at its end. The lease allows free of tie for wines, spirits and minerals. Business rent payable is £35,082 p.a. plus £3,898 pa domestic rent.
 
  Current Rent: £35,082 p.a.
 
  Living Accommodation: Yes
 
  Details of Accommodation: OWNERS ACCOMMODATION
The first floor owner’s private living accommodation is decorated to a fine standard and comprises; 4 DOUBLE BEDROOMS (1 currently used as an OFFICE), LIVING ROOM, BATHROOM with shower and a SEPARATE WC.
 
  Location: LOCATION (GU23 6DL)

The Seven Stars is located close to the Surrey village of Ripley in close proximity to the main A3 arterial road, 4 miles from the M25 motorway and 6.2 miles south-east of Woking. Ripley is 6.8 miles north-east of the busy University town of Guildford and some 24 miles south-west of central London. Ripley was once an important coaching stop on the route from London to Portsmouth and the characteristic curved high street shows signs of this previous history. The village green contains one of the oldest cricket grounds in the country and is home to the monthly farmers’ market and the celebrated annual bonfire in late October which attracts thousands of visitors. Ripley is also the birthplace of guitar legend Eric Clapton. Nearby is the tranquil Wey Navigation, popular both with walkers and boating folk. The ruins of Newark Priory dating from the 12th century lie just down the road. Ripley has its own Norman church, village hall, primary and preparatory schools and several amenities reside on the high street such as a Michelin-starred restaurant, art galleries, antique shops and hotels making this a lovely family village. The pub lies on Newark Lane (B367) just west of the village.

Other Details

  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No