Leasehold Public House & Restaurant Located In Ashorne, Warwickshire

Leasehold Public House & Restaurant Located In Ashorne, Warwickshire
Three Bedroom Accommodation Above
Ratings # Facebook 5.0 / TripAdvisor 5.0
Free Of Tie
Ref 2837

Location
This established Public House & Restaurant is located in the affluent village of Ashorne in the county of Warwickshire. It neighbours the villages of Newbold Pacey and Moreton Morrell and is (7 miles) from Stratford Upon Avon, (4.5 miles) from Warwick and just (5.5 miles) from junction 15 of the M40 motorway which makes it easily accessible.

Leasehold Asking Price: £29,950 plus SAV (£1,500)

Business Description
Veritas Business sales are delighted to offer for sale this idyllic countryside Public House & Restaurant which is located in the village of Ashorne. The property dates back to the mid 1800’s and has been in the careful hands of our clients since December 2017. They are now offering the business for sale due to an unforeseen change in circumstances.
Since ownership they have refurbished, redecorated and invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price, which means that any new purchaser will not need to spend any additional funds for some time. The Cottage Tavern is currently operated under management and has an annual turnover of circa £190,000 with a GP of (56%). The split is approximately 60% dry where they serve hearty homemade pub grub to include traditional classics such as fish & chips, steaks, gammon and pie & chips to name but a few. Sunday roast is also very popular. The remaining 40% derives from wet sales where they benefit from a free of tie lease.
The business has a strong reputation within the local community and beyond and as such has a high level of regular repeat trade along with passing trade. This is a superb opportunity to purchase an established business where you can sample village life with the benefit of three bedroom accommodation above. With this is mind it’s a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Hours
Monday – Saturday – 5:00pm – 11:00pm
Sunday – 12:00pm – 11:00pm

Leasehold
Term: 10 years
Remaining: 4 ½ years
Rent: £12,000 pa (due a rent review)
Business rates: zero
Council tax: TBA

Ground Floor
Open plan bar and restaurant comprising: tables & chairs to cover (36), condiments cabinet, wall mounted TV, Darts board, Log burner, bar servery with 6 x beer taps, 2 x hand pull pumps, slimline wine cooler (Adexa), glasswasher (DC S=Series), stainless steel sink drainer, worktop, 2 x wall mounted shelves for glass storage, 2 door undercounter drinks fridge and storage cupboard.
Ladies 2 x W/C’s , wash basin and wall mounted hand dryer.
Gents W/C with 2 x urinals, wash basin and wall mounted hand dryer.
Kitchen comprising: 6 burner range, stainless steel table, undercounter fridge (Tefcold), microwave (Logik), extraction canopy, stainless steel wall cladding, 2 x wall mounted shelves, dual deep fat fryer (Lincat) and rear exit door.
Preparation room with 2 x stainless steel tables, 3 pot bain-marie, stainless steel fridge (Polar), wall mounted soap dispenser, plastic wall cladding, wall mounted shelf and a range of plates & crockery.
Pot wash room with stainless steel sink drainer with directional hose, chest freezer, 5 x wall mounted shelves, 2 x soup kettles (Buffalo) and rear exit door.

Basement
Main cellar room with beer drop which is below ground level.

External
Side beer garden area with seating, large umbrella, fenced off area with oil tank and LPG gas bottles.

Accommodation
First Floor
Lounge with leather sofa, kitchen area with undercounter fridge (Igenx), electric oven, tumble dryer (Indesit) and boiler.
Bathroom with W/C, Bath and shoer cubicle.
Double bedroom with shower ensuite.
2 x Double bedrooms.
Landing with W/C.

EPC Rating D