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Essex

£89,000

Business rates & charges may apply

Guy Simmonds Business Transfers Limited, National Licensed Property
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Pub for sale

Description

Ref 8327 LEASEHOLD


A POPULAR AND HIGHLY DESIRABLE 100% WET LED 17th CENTURY 'FREE OF TIE' COMMUNITY INN FOR SALE RUN UNDER MANAGEMENT SITUATED IN THE AFFLUENT HIGHLY DESIRABLE LOCATION OF CHELMSFORD, ESSEX


Traditional community inn situated in the prime location of Chelmsford.

Inviting and relaxing main Public Bar (circa 30+) and a versatile Pool Room (circa 20+).

Enclosed Beer Garden.

Good-sized 3 Bedroom Family Accommodation.

Advised current sales circa £250,000 (incl. VAT).

100% wet sales. Undoubted potential for a fully focussed 'hands-on' entrepreneurial owner operator partnership with a passion for food/events.

Long Lease - Wellington Pub Company 'FREE OF TIE' renewable lease with approximately 16 years remaining.


AN EXTREMELY RARE OPPORTUNITY TO PROCURE AN ESTABLISHED LIFESTYLE BUSINESS AND FAMILY HOME OFFERING TREMENDOUS GROWTH POTENTIAL


LOCATION
This outstanding business is located on the outskirts of the highly desirable and densely populated city of Chelmsford, in the delightful county of Essex and can be easily reached from the A12/A414 intersection.
Situated in the heart of the commuter belt and also having excellent road communications providing easy access to the major motorways makes this superb location an extremely popular commuter area for the major international airports. Chelmsford is also within close proximity to the Harwich and Parkeston Ferry Terminal. Chelmsford is also situated close to Colchester, Braintree, Ipswich, Felixstowe and Southend On Sea making this traditional community inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of passing and repeat trade. A compelling trade opportunity.

THE PROPERTY
This busy community inn is a substantial and impressive property occupying an extremely busy main road trading position.

Main entrance at the front leading into the Public Bar.

Public Bar (circa 30+) is a good-sized inviting and relaxing room having a feature return bar servery with a solid polished counter and a matching back fitting with trade optics and refrigerated bottle coolers (not tested) which is complemented by a good range of solid polished tables, chairs, comfortable leather sofas and bar stools.
Adding to the charm and character of the room are the beamed ceiling, beamed walls and the feature brick built fireplace. Access to the Pool Room.

Pool Room (circa 20+) is a versatile room furnished with loose polished tables and chairs. There is a pool table with lighting over. Access to the Beer Garden.

Catering facilities include a DOMESTIC equipped Kitchen and will require refitting for commercial usage (appliances not tested).

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

Ladies and Gents W.C.'s.

OWNER'S ACCOMMODATION
Situated on the 1st floor, being of a good size and briefly comprises: 3 bedrooms, lounge/diner and bathroom.


EXTERNAL
There is a good-sized enclosed Beer Garden at the rear with timber benches. There is also a covered designated smoking area. Private parking facilities for circa 2 cars. There is also a garage and a brick built unit currently used for storage.

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 - Saturday - 11.00am - Midnight
Sunday - Midday - Midnight
The current opening hours are as follows:
Sunday - Friday - Midday - 11.00pm
Saturday - Midday - Midnight

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 16 years remaining of the Wellington Pub Company full repairing and insuring, renewable agreement. We are advised that the inn is 'FREE OF TIE'.
We are informed that the rent is currently £33,000 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 superb business on a 'hands-off' basis with the assistance of a full-time 'self-employed' manager.
Trade is currently derived from 100% wet 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 food orientated operation enabling them 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.
There is also superb potential due to the high level of footfall and passing trade emanating from the busy local commercial businesses and shops to facilitate early opening hours and to provide coffee and breakfast etc which would have an incredible positive impact on the turnover and profits. Advised current sales are circa £250,000+ (incl. VAT).
This popular community inn is a well-established 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).

Viewing appointments must be made by contacting Guy Simmonds.

Details Prepared: October 2019

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.

Energy Performance Certificates

EPC

About Guy Simmonds Business Transfers Limited, National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

Guy Simmonds Business Transfers Limited, National Licensed Property

Guy Simmonds have been established for over 30 years specialising in the sale of quality Freehold and Leasehold Licensed businesses - including pubs, inns, restaurants and hotels.

Guy Simmonds are leading NATIONAL Licensed Property Agents and consequently offer for sale and lease quality lifestyle licensed businesses throughout the whole of England and Wales.

For those of you looking for a change of career and lifestyle, an inn/restaurant can offer an enviable and f

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Notes

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Disclaimer - Property reference 8327. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds Business Transfers Limited, National Licensed Property. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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