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Extremely Well Presented Free Of Tie Detached Village Freehouse

Tiverton, Devon, England

  • Leasehold Price: £35,000 plus VAT
Seller Reference: 4777
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Business Description
 
 
 
 
 
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Seller Reference: 4777
Request Details
Business Description
THE PROPERTY
The Rose & Crown is a well presented detached character country village freehouse. Set in a plot which extends to 0.45 of an acre and benefits from a visible roadside trading position adjacent to the Tiverton to Rackenford road. This well appointed free of tie village pub retains many attractive character features and briefly comprises: - character Main Bar/Lounge Area (26+), character Restaurant (28), Skittle Alley/Function Room (30+), Commercial Catering Kitchen with Ancillary Facilities, Family Sized 3 Double Bedroom Owner's Accommodation with Sitting Room and Bathroom. Externally the property benefits from a substantial Car Park with space for 20+ vehicles, an impressive Lawned Beer Garden with country views (42), a Stone Barn used for storage, an enclosed Courtyard Area, a Garage and Wood Store. An internal inspection is strongly recommended in order to fully appreciate all that this deceptively spacious and superior village freehouse has to offer.

SITUATION
The Rose & Crown occupies a visible road side trading position off Rackenford Road within the accessible and sought after village of Calverleigh. The village is located just 2 miles from the popular market town of Tiverton which offers a wide range of amenities and national retailers. The A361 North Devon link road is also within 2 miles of the property and offers easy access to the North Devon coast and Junction 27 of the M5 motorway, alongside which lies Tiverton Parkway station with an intercity link to London Paddington.

INTERNAL DETAILS
Customer entrance doors to the front and to the rear leading from the car park into Main Bar/Lounge Area an attractive character trading area with part carpeted and part flagstone style flooring, part wood panelled, and part exposed stone walls, exposed ceiling beams, feature lighting, feature fireplace with inset coal effect gas fire, wall mounted menu boards, range of freestanding wooden tables, chairs, upholstered banquette seating, sofas and stools comfortably for 26 customers plus adequate standing room. Substantial timber fronted and polished timber topped Bar Servery with altro flooring, with display shelving, EPOS touch screen cash register, double glass fronted bottle fridge, wine fridge, glass washer, coffee machine and stainless-steel sink unit. Restaurant being open plan from the main bar and lounge area, again an attractive character room with carpeted flooring, part wood panelled, and part exposed stone walls, feature fireplace with inset woodburning stove, exposed ceiling beams, feature lighting and a range of freestanding wooden tables and chairs comfortably seating 28 customers. Skittle Alley/Function Room a versatile multi purpose room being part carpeted with a serving hatch from the main bar and giving access to the beer garden with darts oche, part wood panelled walls and accommodating 30+ plus customers. Commercial Catering Kitchen with altro flooring and fitted with a comprehensive range of commercial catering equipment to include: - 4 burner gas range, char grill, double floor standing deep fat fryer, extractor system with stainless steel canopy over and gas interlock system, Lindcat Rational combi oven, stainless steel work benches with shelving below, twin deep bowl stainless steel sink unit, commercial dishwasher, 2 commercial microwave ovens, Lindcat warming oven, wall shelving, 2 door undercounter fridge unit with saladette over, lit serving gantry, under counter fridge, under counter freezer and plate warming cabinet. Ladies & Gents WC. Beer Cellar temperature controlled on the ground floor.

PRIVATE ACCOMMODATION
Spacious family sized owner's accommodation on the first floor which has recently been recarpeted and comprises Sitting Room with dual aspect to front and country views. Bedroom 1 a generously proportioned double bedroom with aspect to the front and country views. Bedroom 2 again a generously proportioned double bedroom with aspect to the front and country views. Bedroom 3 a good sized double bedroom with aspect to the front and country views. Family Bathroom with shower over bath.

EXTERNAL DETAILS
Prominent road side trading position and a 0.45 acre plot which incorporates a tarmac Customer Car Park to the rear of the property with space for 20+ vehicles. To the side of the property is an enclosed Lawned Beer Garden with country views and picnic bench seating for 42 customers. Outbuildings to the rear of the property include a Barn housing a fridge/freezer store with 3 chest freezers, under counter fridge, upright freezer, undercounter freezer and shelving and a separate dry good store. Adjoining Covered Courtyard Area to the rear of the kitchen. Garage and Log Store.

THE BUSINESS
The Rose & Crown has recently been purchased by our client and re-energised after a period of closure and is offered for sale by way of a new free of tie lease agreement. Extremely well presented throughout, the Rose & Crown provides an excellent trading environment purpose equipped with quality fixtures and fittings and trade inventory. Our client advises that there is a genuine opportunity to build on the reputation and to continue to develop all aspects of the trade still further with tremendous potential for incoming operators, particularly those with experience in the catering industry. The location of the business ensures that the trade comes from a wide catchment area with a number of new and ongoing residential developments on the Calverleigh side of Tiverton. The pub benefits from a 5 Star Food Hygiene Rating and also has a website . The sale of the Rose & Crown represents an excellent opportunity to purchase a well regarded and extremely well presented country village freehouse with family sized owner's accommodation and is undoubtedly a very special place to live and work and a formal viewing is essential in order to fully appreciate all that this business and property has to offer.

TRADING INFORMATION
Our client purchased and reopened the pub after a period of closure in November 2018. We are advised that turnover is currently in the order of £2,500 - £3,000 per week however trade levels have continued to quietly grow, and no advertising or marketing of the business has been undertaken.

OPENING HOURS
Current opening hours are Tuesday to Saturday 11am to 3pm and 5.30pm to 10pm. Sunday 12pm to 7pm. Closed all day on Monday

CURRENT STAFFING
The business is run by our client on a part time basis with the assistance of 4 part time members of staff.

POTENTIAL
The Rose & Crown offers undoubted potential for incoming operators, particularly those with a background in the hospitality and catering industry, to increase all aspects of the trade and build on the solid base levels already established. Undoubtedly, there are opportunities for advertising, marketing and promotion, particularly by the use of social media.

EPC
D-97

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website .

SERVICES
Mains electricity and water. Private drainage. LPG for cooking and central heating.

PRICE & TENURE
£35,000 plus VAT for the valuable free of tie leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

The business is being offered by way of a new 10 year free of tie, full repairing and insuring lease, at a proposed rent of £18,000 plus VAT per annum. Full detailed terms to be agreed and further information available upon request.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel: .Email:
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available
Trading hours:
Current opening hours are Tuesday to Saturday 11am to 3pm and 5.30pm to 10pm. Sunday 12pm to 7pm.
Number of employees:
4
Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
3
Location Details:
The Rose & Crown occupies a visible road side trading position off Rackenford Road within the accessible and sought after village of Calverleigh. The village is located just 2 miles from the popular market town of Tiverton which offers a wide range of amenities and national retailers. The A361 North Devon link road is also within 2 miles of the property and offers easy access to the North Devon coast and Junction 27 of the M5 motorway.
Leasehold Term:
The business is being offered by way of a new 10 year free of tie, full repairing and insuring lease, at a proposed rent of £18,000 plus VAT per annum. Full detailed terms to be agreed and further information available upon request.
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