FREE OF TIE TRADITIONAL INN WITH LETTING ROOMS
Price:
Freehold - £365,000
FREE OF TIE TRADITIONAL INN WITH LETTING ROOMS
Advised annual turnover of £80,000 with 55% gross profit
Reduced for quick sale due to ill health
Situated in the rural village of Oakford
Early viewing is highly recommended
2 bedroom owners' accommodation
Scope for further development
Regular and repeat trade
4 en-suite letting rooms
FREEHOLD
Business History
Meridian Business Sales are delighted to offer to the market this traditional Inn which has been established since the mid 1700’s and in the careful hands of our clients since 2007. Our clients are reluctantly offering the business to the market due to unfortunate ill health. Since our clients took ownership of the business they have undertaken a full refurbishment programme meaning that the business is in full walk-in and trade condition. Our clients inform us that the annual turnover currently runs at £80,000 with a gross profit margin of 55% which is derived from the sale of a selection of beers, wines and spirits along with a hot and cold food menu and letting room facilities. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. The business would ideally suit a husband and wife or partnership and could afford a good standard of living; our clients have agreed to offer any purchaser full training on how to operate the business if desired. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
This superb traditional Inn is situated in the village of Oakford in the spectacular Exe Valley. Oakford is a small rural village and has a Parish Church, village hall and is the only Inn within the whole of the village. Bampton is about 3.5 miles away and offers a range of shops providing for day to day needs, together with a doctors surgery, a primary school, a church and a bistro. The market town of Tiverton to the south has a range of educational (Blundells Independent School), shopping and sporting facilities, together with access via the North Devon Link Road to the M5 (J27) and fast rail services to London (Paddington), Bristol and further afield. The University and Cathedral city of Exeter lies approximately 24 miles from the property and boasts a wealth of shopping, recreational and leisure facilities, with schooling up to A level standard. The city benefits from excellent communication links with access to the M5 motorway and mainline rail services to London and the rest of
Opening Hours
Monday: 12:00pm - 11:00pm
Tuesday: 12:00pm - 11:00pm
Wednesday: 12:00pm - 11:00pm
Grade II listed detached character property, briefly comprising of:
GROUND FLOOR
Secure entrance leading to:
Main bar area with fixed seating, bar stools, tables and chairs, Inglenook fireplace, wall mounted TV, darts board and fitted bar servery with beer/ale pumps, spirit displays and optics.
Dining room with traditional tables and chairs for 20 covers
Fully fitted stainless steel commercial kitchen
Preparation room with storage space and work surfaces
Cellar/basement (used for storage)
FIRST FLOOR
Office area
Guest Room 1 - Twin bedroom with en-suite
Guest Room 2 - Double bedroom with en-suite
Guest Room 3 - Double bedroom with en-suite
Guest Room 4 - Family bedroom with en-suite
SECOND FLOOR
Owners’ accommodation
Lounge
2 double bedrooms with en-suite
EXTERNAL
Beer garden with ample seating
Car park for 9 vehicles
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