Taverns for sale in Towcester

View the "The Folly Inn" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
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Freehold Price: £1,000,000
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Business Description

IMPOSING CHARISMATIC 18th CENTURY QUINTESSENTIAL ENGLISH THATCHED COUNTRY INN SEDUCTIVELY LOCATED THE NORTHERN HOME COUNTIES CLOSE TO MAJOR INTERNATIONAL SPORTING VENUES.



  • Sales recorded to 31/12/15 as £652,225 split 30% Wet 70% Dry £342,666GP (63.05%) RNP £147,850p.a. £1m sales potential projecting £225,000 + NP. 

  • Exceptional high standard throughout Informal split level with 45c + cosy bar area. 

  • Renowned beautiful Inn enjoying a much favoured affluent locale close to major international tourist & sporting ‘Hot Spots’. 

  • Strong tourism trade and local community support - c/p (30) patio & secluded garden. 

  • Exceptional private ‘gold standard’ 2 double bedroomed accommodation. 

  • Currently run under lease offered with VP (vacant possession)- Idea quality managed house or private ‘Trophy’ acquisition.


LOCATION (NN12 6LB) www.follyinntowester.co.uk 


This Destination Inn is located to the edge of the Roman Market Town of TOWCESTER sitting on Watling Street (A5 London Road)) almost opposite the gates to Towcester Race Course. The home of the British Grand Prix Silverstone is approx. 6 miles along with National Trust Gardens, Waterway Museum & Iron Age/Roman settlements. Currently the population of the town is circa 9500 and due to expand by 2020 to 20,000 with new build executive residential homes attracting affluent families with strong demographics, many commuting & working within the Capital London City. The locale also benefits from connections to the M1, M40 & A43. London Euston is a short 30-minute trip from Milton Keynes (20 mins) with ticket prices from £6 on 180 trains daily. 


PROPERTY DESCRIPTION 


Constructed in the early 15th century of local stone under a pitched thatched roof adorned with pleasing floral hanging baskets. The property is not listed. This is a truly exceptional property of particular charm & character having been lovingly restored and designed to high professional standards. A cosy bar area to the front to the BAR SERVERY of local stone construction with a polished wood counter top having high bar stools & arm chairs to a low table leading into the main split level dining areas (40c) with low beamed ceiling and a feature inset fireplace of local stone. Furnishings are by way of medium stained dining tables with high back padded chairs set on a carpeted area WC facilities are to the standard expected within this style of business. CATERING KITCHEN is professionally equipped. 


OWNERS ACCOMMODATION 


This exceptional owner’s apartment comprises of ‘executive’ designed 2 double bedrooms, de-Lux fitted kitchen, lounge & exquisite bathroom built into the ‘A’ frame of the building utilising the period features of this unique property with a further benefit of a private roof terrace. 


EXTERNALS 


The business benefits from a car park (30) and large grassed secluded garden suited for ‘al fresco’ dining to the rear along with a patio to its front with picnic sets all of which are a delight during warmer periods and act as a ‘honey pot’ for tourists & visitors to the many local historic attractions. 


PREMISES LICENSES 


The business is licensed to supply alcohol 11am – 11pm all week except Sunday 12noon till 10.30pm. Actual opening hours are - Closed all day Monday then on 12 noon till 3pm & 6pm till 11pm Tuesday through Saturday with 12noon till 9pm Sunday (food 9pm Tues – Thurs with 9.30pm Fri & Sat) A Personal License will be required (our associate company can assist in this). 


TENURE 


The business is offered as completely FREEHOLD, currently held on a commercial lease. The business & property are being offered with the benefit of a full trading F & F, goodwill (the lessees accounts are available post official viewing) + SAV. The lessee will show prospective purchasers around the property. We must emphasise that the business will afford VP (vacant possession) with the good will of the current lessee. 


SERVICES 


Mains electric, water and LPG gas are connected with central heating by LPG. Sewage is by way of a septic tank, The Business is exempt of business rates. 


THE BUSINESS 


The business has been owned by the present operators since 2013 and wishes to venture into pastures new and willing to hand back the leasehold interest to the Freeholder (at the Freeholders expense). Average spend for 2 diners is £70 for a 3 course meal Inc. a bottle of wine. Approved Certified Accounts to 31/12/15 show sales £652,225 Inc. vat on a split of 30% Wet to 70% Dry with a GP of £342,666 (63.05%). Disposable RECON NET PROFITS of £147,850 (after personal & one off expenses including operating style i.e. employment of a chef on profit share). This business is currently operated by a single person and would expect a traditional couple to substantially add further to sales (£1m potential) & bottom line profits (above £225,000 potential) furthermore by additional opening hours & extending the times for a food offering. The operational side of the business would support a management couple. 


Full accounting information will be made available after official viewing which can be arranged through one of our Business Managers. 


WE ADVISE DISCERNING PURCHASING CLIENTS TO SERIOUSLY CONSIDER THIS BUSINESS AND TAKE A LOOK TO APPRECIATE ITS TRUE POTENTIAL UNLOCKING THE MAGNIFICENCE OF ITS EXCEPTIONAL LOCALE. 


Accounts information will be made available to interested parties after viewing. 


Viewing 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. 


To secure this business a deposit of £5,000 will give you exclusivity and a lock-out agreement with no further viewings, marketing or editorials taking place. 


The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208


 

Tenure: Freehold

Listed by: GA Select
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