GA-Select Property Book

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Bedfordshire

Local Tavern

Ref: g4338l

£25,000

Leasehold
(Proof of finance or credit line will be required.)

WELL PRESENTED AND POPULAR TRADITIONAL LOCALS TAVERN STYLE PUB WITH LETTING ROOMS LOCATED UNMISSABLY CLOSE TO CENTRE OF LEIGHTON BUZZARD BEDFORDSHIRE

A SUPER OPPORTUNITY TO ENJOY EXISTING STYLE OF TRADE AND ADD YOUR OWN BIT OF MAGIC. A GOOD OPENING AT £25,000 FOR A PARTIALLY TIED LEASE ASSIGNMENT TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.

  • Solid trading base to build on of £197,591 inc vat 70% Wet sales to 20% Dry & 10% Lettings operated as a managed house – excellent opportunity to take to next level of trading success
  • Smashing internal feel of traditional tavern style with “through” bar, low ceilings and abundance of traditional character seating circa 40 + vertical drinkers
  • Flexible arrangement of 6 bedrooms one of which is currently used by manager for own use
  • Secure beer garden (60+) with timber benches – car parking (12)
  • Complete refurbishment is in progress by the lessee
  • Popular buzzy prosperous town & lots of local wealthy villages
  • Favourable 30 year Landlord & Tenant Act protected lease renewable at its end for a further 30 years anon at no further cost and no less favourable terms – NO TIE for machines, wines, spirits & minerals
  • External refurbishment & redecoration to be completed before sale

LOCATION (LU7 2RD)

The town of LEIGHTON BUZZARD lies 42 miles NW of the City of LONDON and 20 miles from the county town of BEDFORD close to WOBURN SANDS & WOBURN ABBEY along with other prestigious villages within this prosperous belt of the Home Counties. The town has origins back to Saxon times with a settlement recorded on the eastern banks of the River Ouse in 571 AD. It derived its unusual name from the Knights of the Shire of Bedford in the reign of King Edward 111 being within the parish in the hundred of Manshead. Today the town is popular for those working within London with easy access by road and rail, also the airport at Luton is a short drive. Lying within a triangle between LUTON, AYLESBURY & MILTON KEYNES with access to the M1 London Orbital and M5 you can appreciate its popularity as an area to reside and work. The majority of the local residential work force and source of employment comes within the managerial and professional categories along with self employed manual trades and the age demographics highlight a higher than national average within the 35-59 mature age groupings with a local population of some 112,627 residents. People travel into the town from the outlying villages for major shopping and leisure. The pub is to be found at the junction of NEW ROAD, OLD ROAD (A4146) & WING ROAD (A418) as you enter the main part of the town having travelled through well healed suburbs along the main route into the town.

PROPERTY DESCRIPTION

A well positioned detached public house of great traditional character. It has a though LOUNGE & BAR (40+ vertical drinkers) with low beamed ceilings, ½ panelled walls, brick backed fireplace, fixed pews and mates chairs & stools to polished tables. Low deep set windows with drapes provide natural sun light and the trading area has full carpeting. TV is provided for sports and the pub has teams for darts, dom’s, crib & quiz leagues. CENTRAL BAR SERVERY is the focal point and is of wooden tongue & grove construction with polished counter top housing REAL ALE WICKETS and Bright ale pumps and set behind, glass fronted bottle chillers. The DEEP CELLAR is accessed behind the bar as is the CATERING KITCHEN & stores, with non-slip floor and commercial s/s equipment. TOILETS, ladies, gents & disabled facilities.

OWNERS ACCOMMODATION & LETTING ROOMS

Located to the 1st floor with a flexible arrangement depending on the requirements of a new owner. Currently the managers use one bedroom as their own. There are 6 bedrooms sleeping a total of 17 as a “lock up”. These rooms could be returned to private use or for an extended family or 2 couples running the pub, plenty of choice.

EXTERNALS

There is off street parking for 12 cars. A lovely garden with timber benches holds around 60 people and there is ample provision for smoking customers to be catered for. The pub is just a few yards from moorings on the GRAND UNION CANAL

PREMISES LICENSES

We are advised that the business trades on opening hours of 12 noon till 12 midnight all week. The Premises License allows for openings of 9am till 12midnight Sunday through Thursday with 2am closure Friday & Saturday. This avails plenty of future opportunity for a new owner to maximise on available hours. A Personal License will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses

TENURE

We are instructed to offer the property and business for sale as a leasehold assignment of a 30 year landlord and tenant act protected (fully renewable at no further cost for another 30 year period “anon” at its end under no less favourable terms) with 25 years unexpired from ENTERPRISE INNS and has a current business rent of £34,500 pa ex vat set until 2011. The original lease was from Unique Pub Co and the lease still provides for a FREE of TIE facility for WINES, SPIRITS & MINERALS and MACHINES. Enterprise Inns cannot alter these terms without the permissions of the lessee.

SERVICES

We are advised that the pub benefits from mains electric, water, gas, sewage with heating by Gas.. Business rates payable are £TBA

THE BUSINESS

The business is run as a MANAGED HOUSE by CHURCHILL TAVERNS LTD who have moved their operating criteria to a different level of tenure. There is a sitting manager who has successfully ran the pub for some 7 years ,however vacant possession will be provided. The early focus of the company was to develop wet sales so little focus has been given to the food opportunity for which there is an obvious need especially during the morning periods which could be developed for breakfasts ,morning coffees etc. Current sales run to £197,591 pa inc vat 70% Wet driven with 20% Food and 10% Lettings not using all available opening hours. Currently the business is focused on the local drinks and games market however the opportunity is ready for a “hands on” new owner who can identify the food market available and it would be within reasonability to expect sales to grow to the £300,000 mark within a short period.
Our Managing Director was most impressed with this business and property believing that there is a lot of new available business “on tap” for a new owner to go at and that the pub itself is an absolute “treasure”.

THIS IS A BUSINESS OPPORTUITY THAT UNDOUBTEDLY HAS POTENTIAL OF FURTHER GROWTH AND SHOULD BE VIEWED AT THE EARLIEST TIME TO APPRECIATE ITS FULL POTENTIAL

Our associates ACORN COMMERCIAL FINANCE will be pleased to advise and assist in the purchase of this outstanding business.

The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.

Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.

SOLE SELLING RIGHTS:

Attention: These Sale Particulars are issued by way of the "web" or hard copy on the understanding that all VIEWINGS, CONTRACTS and negotiation in connection with the business or property are conducted through GA SELECT or their agents who are appointed by the vendor under a SOLE SELLING RIGHTS AGREEMENT with total CONFIDENTIALITY. Under no circumstances must you approach the Owner directly without a formal appointment or disclose to other customers, staff or suppliers that the business is for sale. Failure to comply with these terms may make you liable in law to damages.

BUSINESS FINANCE for PURCHASE of a LICENSED PROPERTY: GA SELECT will be pleased to contact our ASSOCIATE COMMERCIAL FINANCE SPECIALIST on your behalf to engineer the necessary finance package for you at preferential rates and for a period of up to 30 years. Our Business managers will make the contact on your behalf and initial opinions will be offered by our associate at no charge. Alternatively talk to GRAHAM ALLMAN for advice who is licensed by the OFT to give such advice; License No 520042.

VIEWING: ALL APPOINTMENTS must be made by GA SELECT by calling 01530 41 41 40. Our business managers will request your purchasing position then confirm the viewing arrangements back to you. Your viewing will be followed up by a call from either a Business Manger or Sales Director. All properties are left on our web site until contracts have completed.

PROPERTY MISDISCRIPTIONS ACT: GA SELECT give notice that for themselves, their associates, vendors or lessees of the property or business that…

1) These particulars are intended as a guidance for the prospective purchaser and do not constitute or form part of any offer or contract.
2) All descriptions which include distances, plans, dimensions, demographics, or opinion on potential trade and profits are along with all other items within these particulars or given verbally by GA SELECT or its associates, are given in good faith as a guide and no responsibility is assume or accepted by GA SELECT. For there accuracy.
3) GA SELECT do not make or give within these particulars or at any other occasion any representation or warranty in relation to the condition or suitability of the property or its fixtures and fittings. Like wise for any misstatement, omission or error. Independent advice is recommended within all issues relating to the purchase and no warranty is offered by GA SELECT for the working condition or legal positions.
4) Prospective purchasers should satisfy themselves on the suitability of the conditions within the Premises Licence and their ability to obtain a Personal License.
5) Intending purchasers should make their own independent enquiries of fact, accounting information, the use of the property, permissions and potential uses and licenses including any other matters affecting the business including items within 2-3-4.
6) Viewings are totally at the clients risk relating to HEALTH & SAFETY LAW or risks within any act related to the business. GA SELECT nor its vendors hold ourselves responsible for any expenses in any circumstances whatsoever incurred by applicants inspecting a business or property which may be sold or withdrawn from sale or for any other reason, to include traveling expenses, survey, valuations, legal fees etc.
7) It must not be assumed that photographs are current or untouched nor that contents within them are included in the sale.

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