FOR SALE
658570
4895 / Rightbiz
Impressive and busy thatched East Devon village inn occupying an enviable landmark trading position adjacent to a main road. Extremely well presented throughout having been the subject of complete refurbishment to a high standard and offering Three Attractive Character Bar and Dining Areas (60 ), well equipped Commercial Catering Kitchen with Ancillary Facilities, Skittle Alley/Function Room, impressive and spacious 3 Double Bedroom Family Sized Owner’s Accommodation, attractive Rear Beer Garden (100 ), and a Customer Car Park (25 ). A popular and busy freehouse with strong year-round levels of trade and still offering tremendous potential for future growth.
The inn is a traditional Grade II Listed thatched Devon pub with origins reputedly dating back to the 16th Century. The inn is a most attractive character detached freehouse which has been the subject of renovation and refurbishment by our clients in the last 12 months creating a popular and charming destination country pub which renowned for its ambience, retaining much of the original charm and character, including exposed ceiling timbers and feature fireplaces. The inn briefly comprises:- Character Bar (16 ), Attractive Lounge Bar (20 ), Character Restaurant (24), well equipped Commercial Catering Kitchen with extensive Ancillary Areas, Skittle Alley/Function Room and 3 Double Bedroom Owners Accommodation with a Sitting Room, Kitchen and Family Bathroom. Externally, the property benefits from an Attractive Beer Garden (100 ), and Customer Car Parking for approximately 25 vehicles. The inn is a highly regarded and well-presented destination country inn, and a viewing is strongly recommended to fully appreciate the quality and standards inherent throughout this impressive and busy business and the potential it still offers new owners.
THE OPPORTUNITY
The inn is presented to an extremely high standard throughout having been the subject of renovation and refurbishment by our clients. With impressive levels of trade, this thriving village freehouse is located in the popular and sought-after area of East Devon. The inn provides an exceptional trading environment and is fully equipped with quality fixtures, fittings and equipment. The pub enjoys a popular local following and boasts a solid year-round trade from not only the village, but also surrounding villages and towns, as well as strong passing trade from the busy main road. The Old Inn benefits from impressive levels of goodwill and regular repeat custom, with numerous excellent customer reviews on Tripadvisor and Google. The business is run by our clients with the assistance of 3 full time and 3 part time/casual members of staff. This is a well-regarded, turnkey business opportunity which offers tremendous potential for hands on owner operators and the sale represents an excellent opportunity to purchase an impressive high turnover village pub with spacious owner’s accommodation. This is undoubtedly a very special place to live and work, and a formal viewing is essential in order to appreciate all that this quintessential freehouse offers.
TRADING INFORMATION
Our clients advise that turnover for the current financial year is on target to be in excess of £400,000 including VAT. The inn trades just five days a week, being closed all day on Monday and Tuesday, as well as on Sunday evenings. The advised split of trade is 60% food sales and 40% wet sales.
POTENTIAL
Our clients advise us that there is undoubted potential to develop all aspects of the trade still further and for continued growth in business levels, particularly by extending the opening hours, for which demand exists.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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