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Popular Ringwood Public House with 5 letting rooms

Ringwood, Hampshire
Leasehold Price:
£65,000
Status
FOR SALE
Advert ID
177120
Reference
1230 / Rightbiz

Falcon Commercial is delighted to offer for sale this popular Public House that dates back to 1823 which benefits from spacious owner’s accommodation as well as 5 letting rooms and a self-contained flat which is let out. It has been under the proud ownership of our clients since 2013 during which time the business has seen considerable growth. It is now reluctantly being placed on the market as our clients wish to retire. During their stewardship the business has built up an excellent reputation for its welcoming atmosphere.
Operating from substantial semi-detached landmark premises of real charm and character, the business is predominantly wet led but has enormous potential to grow food sales.
This thriving Public House has an extremely good regular trade as it is the focal point of the local community. There is occasional entertainment on a Saturday evening which is particularly popular.
Lamb Inn is run by our clients with help from a dedicated team of staff. The business generates an excellent turnover in the region of £210,000 per year and enjoys consistently high gross profit margins.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.
The Premises
This substantial character landmark premises occupies an outstanding highly visible trading position on the edge of this popular Hampshire town and provides excellent internal and external business accommodation. The extensive first and second floor accommodation consists of two distinct flats so would be ideal for two families.

The well-presented and equipped accommodation briefly comprises:

Ground Floor
• Main Bar which is open plan and has approximately 30 covers at tables and chairs as well as at the bar.
• Quite Room
• Pool Room
• Breakfast room which has 20 covers
• Kitchen
• Dry Store
• Cellar
• Wash-up Room
• Ladies Toilets
• Gents Toilets

First floor letting rooms
• Double bedroom with en-suite
• Twin bedroom with en-suite
• Twin bedroom
• Toilet

First floor Owners accommodation
• Double bedroom with en-suite (currently on a long term let)
• Single bedroom with en-suite (currently on a long term let)
• Office
• Lounge
• Double bedroom with en-suite
• Laundry room
Accommodation Continued
Second Floor – self-contained flat
• Kitchenette
• Shower room
• Lounge
• Double Bedroom


External
• Twin Bedroom with en-suite
• Twin Bedroom with en-suite
• Smoking area
• Customer car park

Opening Hours
• Monday – Wednesday 3.00pm – 11.00pm
• Thursday Mid-day – 11.00pm
• Friday & Saturday Mid-day – Mid-night
• Sunday Midday – 10.30pm

Stock - The business stock value is approximately £3,500.

Staff – the business is run with help from a team of dedicated part time staff

Tenure - Leasehold. There are 7 years remaining on a 9-year lease. The current rent payable is £31,800 per year.

Turnover
£210,000 Per year

Turnover Split
• Rooms £53,330
• Bar £156,765

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Business Rates
Current Business Rates payable £6,500 per year
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Legal Costs
Each party to bear their own legal costs incurred in the transaction

Planning
For further information, you should make your own enquiries to Ringwood Town Council, Ringwood Gateway, The Furlong, Ringwood BH24 1AT

EPC Rating - EPC Rating: E

Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, 1 Miltons Yard Axminster EX13 5FE on 01297 598080
Location
Ringwood is on the edge of the beautiful New Forest National Park with its many walks, woods and glades. Ringwood is situated in the Avon Valley and is renowned for its excellent River Avon fishing and surrounding lakes. The sandy beaches of Bournemouth are 15 minutes’ drive away. And Southampton, Salisbury, Stonehenge and Winchester are all within easy driving distance. There are opportunities for sailing, water-skiing, windsurfing and fishing on the River Avon & many lakes around Ringwood. The river is also a haven for wildlife
Sporting facilities nearby include horse-riding, swimming, fishing, cycling, water-skiing, sailing and golf. There are many sight-seeing features in the area including the National Motor Museum at Beaulieu, Salisbury Cathedral, Hurst Castle, Exbury Gardens, the Liberty's Raptor & Reptile Centre and Moors Valley Country Park.

Listing Details
Leasehold Price: £65,000
Tenure: Leasehold
Location: Ringwood, Hampshire
Sector: Pubs, Bistros, Bars
Financials
Annual Turnover: £210,000
Annual Net Profit: Available upon request
Key Features
  • Attractive Business
  • High Turnover
  • Price Reduced
  • Accounts Available
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 1230 / Rightbiz
Particulars / More Information
What's nearby
Within 1 milei:
WHSmith (Book Store)
Masala (Meal Takeaway)
Nationwide (Atm)
Original White Hart (Bar)
Moortown Lodge (Lodging)
Ringwood (Transit Station)
Hightown Gardens (Bus Station)
Elm Tree (Bar)
Electric Gates UK (Electrician)
Solent Commercials (Car Repair)
Listing Statistics
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