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Tuesday 22nd of Aug 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£295,000

Popular West Midlands Village Inn Premium Advert

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Reference1243 / RightBiz
Status
FOR SALE
Advert ID191613
LocationHampton in Arden, West Midlands
SectorPubs, Bed And Breakfast, Restaurants
Leasehold Price£295,000
Annual Turnover£650,000
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Falcon Commercial is delighted to offer for sale this popular food led traditional English Inn which benefits from 9 letting rooms (all en-suite) and well maintained Gardens. It has been under the proud ownership of our clients since 2010 during which time our clients have invested heavily in the business which has led to considerable growth. It is now reluctantly being placed on the market as our clients wish to develop another opportunity. During their stewardship the business has built up an excellent reputation for its welcoming atmosphere and excellent food.

Operating from substantial detached landmark premises of real charm and character, the business is predominantly food led offering a diverse range of traditional home cooked food using local produce form local suppliers wherever possible.
This thriving traditional English Inn has an extremely good regular trade as it is the focal point of the local community with open fires in the winter months and a lovely sun trap garden for those long summer days. The ever changing Specials Board and French Bistro style food are particularly popular.

The White Lion Inn is run by our clients with help from a dedicated team of staff. The business generates an excellent turnover in the region of £650,000 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
The White Lion Inn is a substantial two storey premises which dates back to the 17th century and is Grade ll listed. It occupies an outstanding trading position in the centre of this popular affluent Village and provides excellent internal and external business accommodation. Also included is a detached single and two storey brick and slate building comprising a letting bedroom annexe.

The well-presented and equipped accommodation briefly comprises:

Ground Floor
•Main Bar with exposed beams, brick fireplace and traditional servery.
•Lounge Bar having front and rear seating areas with counter to the bar service area.
•Restaurant with approximately 40 covers, and rear entrance direct from the car park.
•Customer Toilets
•Fully fitted commercial catering kitchen containing a range of well-maintained catering equipment.
•Stores
•Office
•Laundry room

First floor letting rooms
•Room 1 – Double
•Room 2 - Double & Single
•Room 3 – Double
•Room 4 – Twin
•Room 5 - Double

Bedroom Annex with Four letting rooms
•Room 7 – Double
•Room 8 – Twin
•Room 9 – Double
•Room 10 – Double

External
•Car park for approximately 30 cars
•Beer Garden with a variety of outside furniture and brick built smoking shelter

Business Details

Opening Hours
•Monday – Thursday 12.00 noon – 11.00pm
•Friday and Saturday 12.00 noon – 12.00 midnight
•Sunday 12.00 noon – 10.30pm

Stock - The business stock value is approximately £12,000

Staff – The business is run with help from a team of dedicated full and part time staff

Tenure – Leasehold.
The business is held on a 10 year lease from Punch Taverns of which there are 3 years remaining. The current rent payable is £52,000 per year

Turnover
£650,000 Per year

Turnover Split
•Food 20%
•Rooms 30%
•Bar 50%

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

Business Rates
Current Business Rates payable £24,000 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 Solihull Council, Council House, Manor Square, West Midlands B91 3QB

EPC Rating - TBC

Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, 1 Miltons Yard Axminster EX13 5FE on 01297 598080

Location
Hampton in Arden is a charming and most popular village with an excellent primary school, local stores, a historic church with Norman origins, an active sports and tennis club, a gym, Doctors surgery and a railway station linking Birmingham New Street and Birmingham International with Coventry and London Euston. The village has delightful canal and lakeside walks and although surrounded by greenbelt countryside is within just four miles of Solihull town centre which provides further and more comprehensive facilities. The local M42 and M6 lead to the Midlands motorway network with the NEC, Birmingham International Airport and Railway Station being within just five miles.
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