Stunning Grade II Listed Thatched Berkshire Village Inn For Sale

Business description

Quintessential English Inn with 40 cover restaurant. Substantially refurbished and upgraded in 2005 and standing unopposed in most affluent area of Berkshire only 4 miles from M4 J12. Turning over around 400K pa and ready for fine dining/gastro offer to be introduced by entrepreneurial chef/lessee

Property information

Property:

Leasehold

Lease terms:

Premises are held on a 10 year Fullers lease from September 2002 which we understand is renewable. It may be possible to negotiate a new lease once the assignment has been completed. Current rent £53,000 pa linked to RPI

Living accommodation:

There are 3 bedrooms, 2 ensuite (2 currently used by staff), Living Room, Kitchenette, Bathroom, Store/Office

Location:

The Greyhound is on the crossroads in the village facing the eastern side of the A340, a link road from the A4 Reading - Newbury road and the A329 Reading to Aylesbury road to the north. Tidmarsh is an affluent commuters village close to Pangbourne and Reading.

Other information

Expansion potential:

There is a great opportunity for the food offer to be notched up from its already high quality to that of a fine-dining venue. The business currently generates an average of £9,000 per week which is split 60/40 in favour of food but the food element could be greatly increased as this is a very wealthy area where standards are high and demand for quality catering great.

Competition / Market:

The inn stands unopposed in the village but there are several pubs in the vicinity but none are posing any threat to the Greyhound's business at this time.

Support & training:

The outgoing lessee will give any help required between exchange and completion

Reasons for selling:

The single male lessee has done what he can and needs a new challenge

Trading hours:

Mon-Thurs: 10am-12.30am; Fri-Sat: 10am-1.30am; Sun: 10am-11.30pm

Financing available:

Our broker will be pleased to advise

Inventory / Stock value:

£5,000