Hilton Smythe is delighted to welcome to the market The Earl Howe public house and restaurant in Holmer Green, Buckinghamshire. The business was established in the 1900s and has been in our client`s careful ownership since 2010. Only now is the business being offered to the market due to our client`s desire for a well-deserved retirement. The business is open 7 days per week and generates a turnover in the region of £266,000 per annum, with a gross profit of approximately 45%.
The business currently offers a wide range of beers, wines and spirits, as well as a selection of home-made hot and cold meals and snacks, all freshly prepared from locally sourced produce. The business has built up an excellent reputation within the area for the high quality of the fayre and services offered, which has resulted in a very loyal client base and a vast amount of repeat trade and word of mouth referrals. The business benefits from one bedroom owners` accommodation to the first floor.
We feel the turnover could be increased by embarking on a small marketing campaign to highlight the business and the services offered. A new owner could also launch a website for the business, as there is currently none available. We feel this is an ideal opportunity for a new owner, perhaps a husband and wife team, to take this thriving and popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
The Earl Howe occupies substantial two-storey premises and is ideally located in a prime trading location in Holmer Green, near High Wycombe, Buckinghamshire. The business is situated on a busy road, which provides a vast amount of footfall and passing trade. The property is situated in close proximity to many residential properties from which the business draws much of its trade.
Holmer Green is a village in the Chiltern district of Buckinghamshire. The village underwent a housing development in the 1960s and early 1970s. According to the 2011 census, the village had a population of 4,039 residents. Places of interest within the area include Holmer Green Miniature Railway, which is run by the High Wycombe Model Engineering Club and Penn Wood, which is a 450 acre wooland on the southern fringe of the village and is managed by the Woodland Trust.
The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. Holmer Green is near the A404 road, which links to the M4, M40 and M25 motorways. Being just a short drive from both Amersham to the east and High Wycombe to the south-west, the village is suitably located for commuting to London by the main line trains on the Chiltern Line or the Metropolitan line.
Prominent two-storey premises, briefly comprising:
Main bar area with:
Tables, chairs and perimeter seating.
Large wood burning feature fireplace.
Bar with 9 points of dispense, 2 x under counter bottle chillers, optics display and electronic cash register.
Dart/quiz room with:
Dart board and oche.
Tables and chairs.
Ladies and gents WCs.
Commercial kitchen with:
6 x burner range cooker.
2 x deep fat fryer.
Double sink unit.
Tea/coffee vending machine.
3 x microwave ovens
Under counter refrigerator.
Under counter freezer.
Ample storage for 11s or 22s gallon barrels.
Separate wine storage room.
Racking and shelving to suit trade.
Owners accommodation with:
Bathroom with bath, over bath shower, WC and wash hand basin.
Covered smoking area with covered fire pit.
Large garden with seating area and children`s play area.
Brick built barbeque.
Brick built storage area with chest freezer, upright freezer, Polar industrial two door freezer and Polar industrial two door refrigerator.
Car park to front for approximately 20 vehicles.
We are advised Leasehold:
Original lease length: 8 years
Remaining lease length: 6 years remaining, however we are advised the lease can be renegotiated.
Review every: Yearly
Rent: To be advised
The business is open:
Monday - Sunday: 9.00am - 12.00am
The business is owner run and managed with 5 x full time and 2 x self-employed staff members.
The business generates a turnover in the region of £266,000 per annum, with a gross profit of approximately 45%.
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