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Leasehold:
£75,000

Pub, Tea Room And Letting Rooms Devon Premium Advert

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Reference13762 I / RightBiz
Status
FOR SALE
Advert ID194914
LocationSouth Brent, Devon
SectorPubs, Tea Rooms, Bed And Breakfast
Leasehold Price£75,000
Annual Turnover£225,000
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Key Features
  • Price Reduced
BUSINESS
Hilton Smythe welcomes to the market The Pack Horse Inn and Stables Tea Room.

A historic Inn and public house dating back to circa 1300, incorporating a village tea room, for sale due to our client’s wish for a lifestyle change.

A busy village Inn with a solid mixture of both wet and dry sales, plus 4 superiors four star letting rooms. Offering an imaginative and popular traditional homemade, home cooked food menu, there is also a breakfast option for guests. The bar offers an excellent range of beers, wines, and spirits and has a large provision for real and guest ales.

A popular village tea room serves typically Devon cakes, teas, coffees and cream teas, muffins, cookies and a takeaway option.

Fully licensed, with A4 planning.

Although catering for tourism, B&B and lettings guests, the business benefits a very loyal and local village clientele also.

A central part and hub of the community, the business often hosts and sponsors local events, theme nights, and is a key part of the village spirit. Well respected and renowned across social media including Facebook, and superb TripAdvisor feedback. The business also benefits a vibrant and engaging website that features on many major hotel room booking sites.

It is possible to extend the take away services, and add additional lettings accommodation to the upper floors.

Suitable for a husband and wife team, chef and partner or small family unit. The business has multifaceted income streams and Hilton Smythe highly advise early viewing to avoid disappointment.


LOCATION
The Pack Horse Inn is located in South Brent, within the county of Devon.

Vicinity of other, businesses, signage and parking.

Situated at the centre of the village, The Pack Horse and Stables Tea Rooms are the mainstay, main business, and hub of the village, adjacent several other independent operators including post office and pharmacy.

With attractive, traditional, vibrant signage, the business has inviting kerb appeal.
There is patron’s car parking to the rear for circa 10 cars, plus plentiful on road parking throughout the village.

South Brent is a large village on the Southern edge of Dartmoor, having a population of circa 3000 people.

Situated just off the main A38, it is famed for its watermill and windmill remains on the moor, and dates back to the bronze age.

Good transport links including local bus routes connect this well-kept, attractive and affluent location with the capital city of Exeter being 29 miles.

The nearby Devon Expressway links the surrounding towns, including Buckfastleigh 8 miles, and Ivybridge 6 miles.

PREMISES
Situated in a prominent position on the main village high street, the premises is a very attractive looking and substantial period property. A quintessentially English village feel, with hanging baskets, much character, and original features.

GROUND FLOOR
The ground floor areas briefly comprise, entrance vestibule leading to large lounge bar and snug with beautiful original stone feature fireplace and hearth, incorporating loose furniture, central timber servery and cellar. Ladies toilets.

Rear games room with second feature fireplace, loose furniture, and pool table.
Inner hallway and vestibule incorporating waitress station, access to rear gardens and gent’s toilet block.

Fully fitted and well equipped stainless-steel trade kitchens with range and extraction, hot cabinets, prep and serve, wash-up, ancillaries, and dry stores.

To the front of the ground floor, and with independent high street access, is a tastefully presented and well-appointed Tea Rooms with lovely décor and ambience throughout, loose dining furniture, and serving counter, circa 10-15 covers.

FIRST FLOOR
To the first floor are 4 well appointed, 4 star, superior letting rooms comprising King Size 4 poster suite, Master King-size Room, Standard Double Room, and Twin Room. All well maintained, presented, and extremely well appointed, price per night ranges from £65 to £85, with excellent overall occupancy levels.

The upper floors also benefit a good-sized owner’s accommodation, with much scope to the top floors for conversion to further letting rooms.

EXTERNAL
To the outside rear of the property is a stunning walled beer garden, which is somewhat of a sun trap with traditional A’ framed beer garden furniture and parasols, being mainly laid to lawn. There is a useful yard and storage area, and a good-sized patron’s car park for circa 10 cars.

TENURE
We are advised the business is being sold as a Leasehold business opportunity.

Original lease length: 15 Years (Partially Tied Lease with Admiral Taverns, by way of Assignment)
Remaining lease length: 9 years as of 2017.
Review period: 5 Yearly
Rent: £22,000 pa.

We are advised that the business is currently subject to zero payable rates.

HOURS
The business opening hours:

Monday: 16:00 to Midnight
Tuesday: 16:00 to Midnight
Wednesday: 16:00 to Midnight (Tea Rooms Open Mornings)
Thursday: 12 Noon to Midnight (Tea Room Open Mornings)
Friday: 12 Noon to Midnight (Tea Room Open Mornings)
Saturday: 12 Noon to Midnight (Tea Room Open Mornings)
Sunday: 12 Noon to Midnight

With hours to suit the village and lifestyle of the owners, there is an opportunity and scope to extend all opening times to increase trade.

STAFF
The business is run and managed by our clients, as a small family operation.

FINANCIAL PROFILE
The Pack Horse and Stables Tea Rooms generated an advised turnover of circa £225,000 as of the 2016 accounts, with a gross profit of £113,000.

Adjusted Net profits for the year ended 2016 show circa £34,000

EXTRA NOTES
Stunning edge of Dartmoor National Park location
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