WALK THROUGH THE FRONT DOOR INTO AN EXCELLENT TRADITIONAL-STYLE GASTROPUB ‘JEWEL’ SET IN BEAUTIFUL COUNTRYSIDE IN THIS AFFLUENT AREA OF SURREY
VIEWINGS ARE MOST DEFINITELY RECOMMENDED FOR THIS CHARISMATIC COUNTRY PUB: OFFERS IN THE REGION OF £155,000 LEASEHOLD ASSIGNMENT TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.
- A favourite destination dining pub for the Guildford area’s “Grey Pound” set
- Fully carpeted open-plan bar area (70c + counter) in excellent decoration
- Attractive trade garden and patio area with wood dining booths + parking (20 spaces)
- Desirable location on edge of Ripley village, the birthplace of guitarist Eric Clapton
- Gorgeous 4-bedroom accommodation and fully-fitted trade kitchen
- 20-year protected lease free-of-tie for wines, spirits and minerals
LOCATION (GU23 6DL)
The Seven Stars is located close to the Surrey village of Ripley in close proximity to the main A3 arterial road, 4 miles from the M25 motorway and 6.2 miles south-east of Woking. Ripley is 6.8 miles north-east of the busy University town of Guildford and some 24 miles south-west of central London. Ripley was once an important coaching stop on the route from London to Portsmouth and the characteristic curved high street shows signs of this previous history. The village green contains one of the oldest cricket grounds in the country and is home to the monthly farmers’ market and the celebrated annual bonfire in late October which attracts thousands of visitors. Ripley is also the birthplace of guitar legend Eric Clapton. Nearby is the tranquil Wey Navigation, popular both with walkers and boating folk. The ruins of Newark Priory dating from the 12th century lie just down the road. Ripley has its own Norman church, village hall, primary and preparatory schools and several amenities reside on the high street such as a Michelin-starred restaurant, art galleries, antique shops and hotels making this a lovely family village. The pub lies on Newark Lane (B367) just west of the village.
The property is a 2-storey (plus basement), red brick construction with a tiled roof and triple-gable frontage with rear and front matching extensions. The open-plan BAR AREA (70c + counter) is fully carpeted, of fine decoration and ornamentation and well-furnished with open fires, assorted wooden tables, chairs, stools and benches around an attractive central BAR SERVERY. LADIES & GENTS TOILETS are in fine condition. The CATERING KITCHEN with PREPARATION AREA is fully fitted and has been awarded 5/5 for its hygiene standards by Guildford Council. There is a BASEMENT BEER CELLAR which has its own cellar cooling plant.
The first floor owner’s private living accommodation is decorated to a fine standard and comprises; 4 DOUBLE BEDROOMS (1 currently used as an OFFICE), LIVING ROOM, BATHROOM with shower and a SEPARATE WC.
Boasting an excellent TRADE GARDEN & PATIO AREA, the envy of neighbouring licensed properties, there are 7 covered and heated DINING BOOTHS (28c) with a concrete slab base extended to the front of the property. Garden furniture is plentiful, treated and in good condition with a quantity of parasols. There is a matching wooden store shed. The tarmaced CAR PARK has space for approximately 20 cars and additional seating and has a GARAGE. At the rear of the premises a FREEZER STORE and LAUNDRY AREA are provided.
We are advised that the business has a Premises Licence that allows Sale of Alcohol 11.00 to 23.00 Monday to Saturday and 12.00 to 22.30 Sunday. NOTE: Current opening times are based on “traditional” trading hours of 12.00 to 15.00 and 18.00 to 23.00 Monday to Saturday and 12.00 to 16.00 Sunday (closed Sunday evenings). Interested parties may wish to exploit the full hours the Premises Licence allows. A Personal License will be required and our training associates can assist with this for you.
We are instructed to offer the property and business for sale as an assignment of a 20-year (from 2007) Punch Partnerships Ltd Lease. The lease offers protection under the Landlord and Tenant Act and is fully renewable at no further cost at its end. The lease allows free of tie for wines, spirits and minerals. Business rent payable is £35,082 p.a. plus £3,898 pa domestic rent.
We are advised that the pub benefits from all mains connected with central heating by way of gas. Business rates payable of £3,600 p.a. (RV £8,000). Council Tax Band C.
The business has been owned by our clients since 1996. Trading details are currently unavailable, although our client is willing to chat to interested parties (after their arranged viewing) about the nature of the business. It is estimated the trade split is 75%/25% dry/wet showing the dominance of the food aspect and the reliance on the local “Grey Pound” (i.e. elderly clientele). It is our opinion that a focused operator utilising a well-trained and enthusiastic management or family team and making use of the full available trading hours, would be able to develop sales close to the £ ½ million marker and provide themselves with an excellent return on their investment and time
LIVE IN A MUCH SORT AFTER VILLAGE LOCALE AND ENJOY THE REWARDS BOTH FINANCIAL AND LIFESTYLE THAT THIS BUSINESS CAN OFFER.
Our finance associates will be pleased to advise and assist in the purchase of this outstanding business.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251208
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
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