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An Extremely Well Presented Free of Tie Village Inn

Exeter, Devon, England

  • Leasehold Price: £85,000
  • Annual Turnover: £382,845
Seller Reference: 4793
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: 4793
Request Details
Business Description
THE PROPERTY
The Seven Stars in an extremely well presented and deceptively spacious, award winning, village freehouse with origins dating back to 1808. Having recently been refurbished and extended to an extremely high standard, this extremely well appointed and well regarded free of tie village country inn retains many attractive character features and comes fully equipped with an extensive inventory of quality fixtures and fittings. This most impressive business briefly comprises: - Character Main Bar and Snug Area (21+), Pool Room (9+), Character Restaurant/Dining Area (34), impressive and well-equipped Commercial Catering Kitchen with Ancillary Facilities, well presented Self-Contained Owner's/Manager's Apartment offering Sitting Room with Kitchenette and Dining Area, Double Bedroom and Luxury Shower Room. To the rear of the property is an enclosed Beer Garden and Patio Terrace with covered Bench Seating for around 34 customers as well as a separate Smoking Area/Terrace. The Seven Stars is a highly regarded and extremely well presented destination country village inn and a viewing is strongly recommended in order to fully appreciate the quality and standards inherent throughout all aspects of this superior free of tie village inn.

SITUATION
The Seven Stars is situated in the heart of the popular and sought after village of Kennford. Kennford is located just 3 miles south of the city of Exeter and is well placed for easy access to the A30, A380 and the M5 motorway. The village is a thriving community and is also well located for the south coast, the nearby Haldon Forest and Dartmoor National Park beyond.

INTERNAL DETAILS
Main customer entrance door to the front into entrance lobby and through into Restaurant/Dining Area an attractive character trading area with exposed wooden flooring, feature exposed stone fireplace with inset woodburning stove, part wood panelled walls, wall mounted menu boards, feature lighting, range of freestanding wooden tables and upholstered wooden chairs, comfortably seating 34 customers. Open plan through into Bar and Snug Area a continuation in style, theme and ambiance with stripped wood flooring, feature freestanding wood burning stove, feature lighting, wall mounted menu boards, pub piano, large screen colour television, range of free standing wooden tables, upholstered chairs, bar stools and leather chesterfield sofas and armchairs comfortably seating 21 customers plus adequate standing room. Polished timber topped substantial return Bar Servery with Altro flooring and fitted with associated back bar fittings and extensive display shelving. EPOS touch screen cash register with printer link to kitchen (on lease), wine racking, glass fronted wine fridge, two triple glass fronted bottle fridges, upright commercial fridge, glass washer, dishwasher, commercial pizza oven, stainless steel sink unit, small freezer, under counter fridge, commercial coffee machine, coffee grinder, wall shelving and open shelving to the rear of the bar. Pool Room a continuation in style and theme with stripped wood flooring, pool table area, fruit machine, large screen colour television, darts oche area, seating for 9 customers plus adequate standing room. Ladies, Gents & Disabled WC's. Commercial Catering Kitchen, purpose built and equipped in 2016 with Altro flooring and fully clad walls have been equipped to an extremely high standard with a comprehensive range of commercial catering equipment to include: - Extractor system with stainless steel canopy over and gas interlock, six burner gas range, eye level grill, Rationalle combi oven, three 2 door undercounter commercial fridge units, warming cabinet, twin flooring standing deep fat fryer, extensive stainless steel shelving, serving gantry with warming lamps, commercial microwave oven, twin bowl stainless steel sink unit, stainless steel hand basin, commercial dishwasher, upright commercial freezer, hot plate, sous-vide machine, vacpac machine, single table top deep fat fryer, under counter fridge, stainless steel hand basin, and microwave oven. Dry Goods Store with racked shelving and double upright commercial fridge. Beer Cellar temperature controlled on the first floor with racked shelving.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

PRIVATE ACCOMMODATION
Situated on the first floor is a completely self-contained owner's/manager's apartment which has recently been refurbished to an extremely high standard and briefly comprises: - Sitting Room, with aspect to rear, wood flooring open plan Kitchenette Area fitted with a range of modern base and wall mounted kitchen units with complementary work surfaces and space for appliances and Dining Area. Double Bedroom with aspect to front and a Luxury Shower Room with modern white suite and large walk in shower cubicle.

EXTERNAL DETAILS
To the rear of the pub is an enclosed Customer Beer Garden with featured covered bench seating areas and heat lamps providing comfortable seating for around 32 customers. A further Terrace Area provides a covered Smoking Shelter. Wooden Storage Shed.

THE BUSINESS
The Seven Stars in an award winning and extremely popular free of tie country village pub and restaurant which is extremely well presented throughout and offers impressive trading areas. The Seven Stars is the focal part of the village and the community and is a popular meeting place for numerous local groups and societies. Our clients bought the pub in 2015 and have carried out a comprehensive and thorough refurbishment of the deceptively spacious, tardis like premises, which are now presented and equipped to an exceptionally high standard throughout. Awarded the title of Gastro Pub of The Year at the 2019 Exeter Living Awards, the Seven Stars is also rated as one of the top 10 restaurants in Exeter on TripAdvisor having received numerous excellent reviews as well as a Certificate of Excellence. It has also been awarded a 5 star Food Hygiene Rating. The business benefits from strong levels of regular, year round trade, not only from the village, but also the surrounding hamlets, villages and Exeter. The business benefits from an excellent local following and its location close to the A38 just south of Exeter, boosts levels further. The business is well regarded for its quality homemade, freshly prepared food, using the best available local produce, set within quality surroundings. The pub is home to a pool team, a darts team, a football team, and a host's regular events including a monthly barber and bar, occasional live music, a monthly quiz night, monthly themed food nights and various charity events throughout the year. The business has its own website which provides further background information on the business. The Seven Stars is run under full management with a full team of staff in place and the sale of the Seven Stars represents an excellent opportunity to purchase an attractive and well regarded country village freehouse and destination restaurant and is undoubtedly a very special place to live and work. A formal viewing is essential in order to appreciate all that this high quality business has to offer.

TRADING INFORMATION
Accounts for the year ending 31st March 2019 show sales of £382,845 excluding VAT. The split of trade is approximately 66% wet sales and 34% food sales. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The Seven Stars trades from 3pm until 11pm on Mondays, midday until 11pm Tuesday, Wednesday and Thursday, midday until midnight until Friday and Saturday and midday until 10.30pm on Sunday. Food is served Tuesday to Sunday midday until 2.30pm, Tuesday to Saturday 6pm until 9pm and Sunday 6pm to 8.30pm. The kitchen is closed on Mondays.

CURRENT STAFFING
The business is run under management with 4 full time and 6 part time members of staff.

POTENTIAL
Our clients advise that there is potential to develop all aspects of the business still further and for continued growth in trade levels, particularly by focussed hands on owner operators maximising all available income streams and building upon the impressive levels of trade already established, especially by promoting and increasing the food sales.

EPC
Requested and to be confirmed.

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

SERVICES
All mains services with the exception of mains gas are connected to the property. LPG is used for cooking and oil is used for central heating.

PRICE & TENURE
£85,000 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.

The business is available by way of a new 10 or 15 year free of tie lease. The commencing guide rent is £30,000 per annum with rent reviews every 3 years. Full detailed terms to be agreed, please contact us for further details.

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.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Trading hours:
The Seven Stars trades from 3pm until 11pm on Mondays, midday until 11pm Tuesday, Wednesday and Thursday, midday until midnight until Friday and Saturday and midday until 10.30pm on Sunday. Food is served Tuesday to Sunday midday until 2.30pm, Tuesday to Saturday 6pm until 9pm and Sunday 6pm to 8.30
Tenure:
Leasehold
Is accommodation included?:
Yes
Location Details:
The Seven Stars is situated in the heart of the popular and sought after village of Kennford. Kennford is located just 3 miles south of the city of Exeter and is well placed for easy access to the A30, A380 and the M5 motorway. The village is a thriving community and is also well located for the south coast, the nearby Haldon Forest and Dartmoor National Park beyond.
Leasehold Term:
The business is available by way of a new 10 or 15 year free of tie lease. The commencing guide rent is £30,000 per annum with rent reviews every 3 years. Full detailed terms to be agreed, please contact us for further details.
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