Seller's Reference: 5602L
TRADITIONAL STONE BUILT VILLAGE INN OCCUPYING AN ENVIABLE LOCATION WITHIN THE AFFLUENT OXFORDSHIRE VILLAGE OF WROXTON ON THE EDGE OF THE COTSWOLDS
£67,500 (LEASEHOLD) Email Alert 
- Located in WROXTON, OXFORDSHIRE
- 4 bedroom(s) accommodation
Description:
Excellent main road location in the highly desirable village of Wroxton, Oxfordshire.
Lounge Bar (circa 40) full of character with its large open fireplace and exposed stone.
Restaurant (circa 25) with wood flooring and feature open fireplace.
Spacious 4 bedroom living accommodation.
Delightful Patio Area and secluded beer garden with BBQ area and large stone barn ripe for conversion (STPP).
6½ years left on an Enterprise Inns lease with turnover of £183,000(inc), trade split of 60% wet and 40% food with rent at £25,000.
LOVELY STONE BUILT VILLAGE INN OFFERING A WONDERFUL 'QUALITY OF LIFE'.
ASKING PRICE £67,500 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.
THE PROPERTY
This substantial inn is an attractive and impressive 2-storey property of local stone construction under a pitched, tiled roof occupying a superb and prominent main road position.
The Lounge Bar (circa 40) is a lovely traditional room with an excellent large bar servery, superb feature fireplace, exposed stone walls and beamed ceilings complemented by its good quality furnishings. Access through to W.Cs and Dining Area.
The Dining Area (circa 25 covers) has a good quality wood flooring, feature open fireplace and small bar servery offering a warm and friendly feel. Access through to lounge bar and W.C's.
Ladies and Gents W.C's.
Lower Ground Floor Cellar accessed from behind the bar with pumps, racks, python system and coolers.
Commercial Catering Kitchen with stainless steel appliances (not tested) is a good size and offers easy access to the lounge bar and dining room.
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day NCPLH Course every 2 weeks.
THE BUSINESS
The current owners took over the business in 2003 as a family concern in this well established business.
This offers an ideal opportunity for owner operators to continue with the reputation that the current vendor client has achieved and also offers huge potential to increase the food and drink sales with further drive, ambition and enthusiasm.
Current sales are circa £183,000 (inc) with 60% wet trade and 40% food trade with great potential to increase the food trade with the catering facilities available.
We calculate the reconstituted net profits (i.e adding back managers costs, finance costs, depreciation and other expenses) of circa £40,000.
The asking price reflects the location and the current trading foundation.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.
Viewing appointments must be made by contacting Guy Simmonds on 01332 865112.
Location:
This traditional stone built village inn has an enviable location on the A422 in the much sought after village of Wroxton, Oxfordshire on the edge of the Cotswolds.
Wroxton is most famous for its Abbey built in the early 17th century and described as a Jacobean mansion, now being used as an American College and attracting many 18 -25 year olds on a yearly basis.
Also within this delightful village are many stone built cottages, a primary school described as one of the best in the area and a one of a few thatched churches still left in the country.
The current trade is made up of local custom along with a good passing trade.
Accommodation:
OWNERS ACCOMMODATION
Situated on the 1st and 2nd floors and briefly comprises: 2 single bedrooms, 2 double bedrooms (1 very large), lounge, and bathroom.
EXTERNAL
To the rear of the property there lies a pleasant patio area with seating for 20 along with a delightful mature beer garden with seating for 40, children's play area, BBQ area and large stone barn with potential to convert (STPP).
Lease Terms:
The business is offered for sale as a lease assignment with approximately 6 and a half years remaining of the original Enterprise Inns full repairing and insuring, renewable agreement. We are informed that the rent is currently £25,000 per annum. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from LPG gas, mains electric and sewarage (no services seen or tested). Business rates are advised as currently being £4,700 per annum.
Trading Hours:
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of :
Mon - Sat 11am - 11pm
Sunday Midday - 10.30pm
Current opening hours:
Mon - Sat Midday - 3pm; 6pm - 11pm
Sunday Midday - 4pm; 7pm - 10.30pm
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