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Extremely Well Presented Character Freehouse For Sale

Chagford, Devon, England

  • Freehold Price: £495,000
  • Annual Turnover: £324,931
Seller Reference: 4797
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Business Description
 
 
 
 
 
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Seller Reference: 4797
Request Details
Business Description
THE PROPERTY
The Ring O' Bells is a traditional character end of terrace country town inn, with origins reputedly dating back to the 16th century. This substantial and deceptively spacious inn offers tremendous charm and character and is presented to a high standard throughout, offering 4 well-appointed Ensuite Letting Bedrooms, character Main Bar (50+), Dining Room (12), well equipped Commercial Catering Kitchen with Ancillary and Facilities, impressive self-contained purpose built Owner's Accommodation with spacious open plan Sitting Room, Dining Room and Kitchen, 2 generous Double Bedrooms, Office and Shower Room. To the rear of the property is an enclosed Beer Garden with Patio Areas and a Smoking Shelter all providing Alfresco Seating for around 38 customers. The Ring O' Bells is a highly regarded, well supported and well-presented country town inn and is the only freehouse within Chagford. A viewing is strongly recommended to fully appreciate all aspects of this business and property.

SITUATION
The Ring O' Bells benefits from a prominent and visable trading position in this most desirable, affluent and sought-after Dartmoor town, within the main busy town square. Chagford is an attractive ancient stannary town offering a wide variety of day to day specialist shops and an excellent range of amenities within this small country town. The large town of Okehampton lies 10 miles to the West and the university and cathedral city of Exeter lies 20 miles to the East with its mainline rail links to London and its international airport. Chagford is an expanding town, with new residential housing developments under construction. The town attracts tourists visiting the area, as well as day visitors from the surrounding towns and villages. Chagford has easy access to the A30 dual carriageway (4 miles) leading West to Cornwall and East to Exeter where there is access to the M5 motorway network. Dartmoor is renowned for its spectacular scenery and there are many opportunities locally for walking, riding and fishing, all of which bring trade to the Ring O' Bells.

INTERNAL DETAILS
Main customer entrance door to the front into entrance vestibule with door into Main Bar Area a traditional and attractive room with tremendous charm and character with carpeted flooring, part wood panelled walls, feature lighting, feature fireplace with inset wood burning stove, darts oche area, freestanding wooden tables, upholstered wooden pew style settle seating, upholstered wooden chairs and upholstered stools comfortably seating 50 customers plus adequate standing room. Waitress Station Area with commercial coffee machine. Substantial ornate timber fronted, and polished timber topped Bar Servery fitted with a range of back bar fittings, optics and extensive display shelving with Altro flooring, EPOS touch screen cash register with printer link to the kitchen, double glass fronted bottle fridge, commercial glass washer, wine racking and stainless steel sink unit. Store Area with racked shelving, delivery door to front, double glass fronted bottle fridge, commercial ice machine and shelving. Beer Cellar temperature controlled on the ground floor with wine racking and stillage. Dining Room another character room with carpeted flooring, part wood panelled walls, feature fireplace with inset wood burning stove, feature lighting and freestanding wooden tables and chairs comfortably seating 20 plus customers. Ladies & Gents WC's.

Commercial Catering Kitchen with Altro flooring, part stainless steel and part wipe clean clad walls and being fully equipped to a high standard with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy over and gas interlock, 6 burner gas range, twin floor standing deep fat fryer, two commercial microwave ovens, warming cabinet with lit serving gantry over, three door under counter commercial fridge unit, two door undercounter commercial fridge unit, stainless steel wall shelving, deep bowl stainless steel sink unit, stainless steel work bench with shelving below, stainless steel hand basin, commercial pass through dishwasher with deep bowl stainless steel sink unit, commercial upright fridge. Utility Room shelved with washing machine.

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.

LETTING BEDROOMS
The business offers 4 well-appointed and comfortable Ensuite Letting Bedrooms. The bedrooms benefit from having their own independent access to the side of the property and benefit from remote control colour televisions, Wi-Fi, hair dryers and tea and coffee making facilities. The well-proportioned bedrooms briefly comprise: - Bedroom 1 a family room, to sleep 3, with aspect to rear and Ensuite Shower Room. Bedroom 2 a double room with aspect to the rear and an Ensuite Shower Room. Bedroom 3 a twin room with aspect to the front and an Ensuite Shower Room. Bedroom 4 a generous superior family room, to sleep 3, with aspect to the front and an Ensuite Bathroom with shower over bath. Guest Reception Area with dining table and chairs.

PRIVATE ACCOMMODATION
Situated on the ground floor is the impressive, purpose built and self-contained owner's accommodation which is extremely well presented and briefly comprises:- spacious open plan Lounge, Dining Room and Kitchen a most impressive and attractive room with stripped wood flooring, French doors to rear, range of wooden fronted base and wall mounted kitchen units with complementary work surfaces, island unit with base cupboards, Esse range cooker with halogen hob and extraction over, and built in dishwasher. Bedroom 1 a generous double bedroom with stripped wood flooring. Office. Bedroom 2 another generous double bedroom with stripped wood flooring, and an extensive range of built in cupboards. Shower Room with a modern white suite and a large walk in shower cubicle.

EXTERNAL DETAILS
To the rear of the property is an attractive enclosed walled Beer Garden and Terrace mainly laid to gravel with patio areas and flower bed borders, alfresco seating for around 38 customers, outside lighting and pedestrian access to the side leading to the front of the property and the main square. There is a purpose-built Smoking Shelter with heat lamps, and a substantial purpose-built wooden Storage Shed housing two upright commercial fridges, commercial tumble dryer, two chest freezers, stainless steel work surfaces with shelving below, stainless steel sink unit and turbo fan oven. Bin and general Garden Store.

THE BUSINESS
The Ring O' Bells is well presented throughout and trades as a traditional country town inn and freehouse with letting bedrooms, located in a sought after and highly regarded up market small Devon town. With many character features throughout the property, the inn is a popular and well regarded business with an excellent reputation and benefits from being the only freehouse within Chagford. With strong levels of regular year round repeat trade, not only from Chagford, but from the surrounding hamlets, villages and towns, the business benefits from an excellent following and its location on the edge of Dartmoor National Park, with a prominent town centre trading position, boosts trade levels further. The business is well regarded for its homemade pub food, set within a character filled freehouse and the Ring O' Bells benefits from a strong wet trade. The business has its own website which provides further background information. The business has received numerous favourable reviews on TripAdvisor as well as a Certificate of Excellence, has been awarded Visit England 3 Star status, a rating of 9 (out of 10) by guests on , has a 5 Star Food Hygiene Rating and is featured in the Good Pub Guide. This is a unique and attractive business which has been owned by our client, for the past 13 years and which undoubtedly offers tremendous potential to develop all aspects of the trade still further and build upon the current levels of business. The sale of The Ring O' Bells represents an excellent opportunity to purchase an attractive and well regarded freehouse and inn with letting bedrooms in a highly sought after and affluent Devon town and is undoubtedly a very special place to live and work. A formal viewing is essential in order to appreciate all that this quality business and property has to offer.

TRADING INFORMATION
Accounts for the year ending 31st March 2019 show sales of £324,931 excluding VAT. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The Ring O' Bells trades from 11am until 11pm 7 days a week. Food is served lunchtimes and evenings Wednesday to Saturday and from midday until 5pm on Sundays. The kitchen is closed on Mondays and Tuesdays.

CURRENT STAFFING
With retirement in mind, the business is currently run with a full complement of staff and our client is not involved in the day to day running of the business. There are 1 full time and 9 part time members of staff employed.

POTENTIAL
Our client advises that there is potential to develop all aspects of the business still further and for continued growth in trade levels, particularly by focused hands on owner operators, maximising all available income streams and building upon the impressive levels of trade already established.

REASON FOR SALE
Genuine retirement sale after 13 years of ownership.

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 are connected to the property.

PRICE & TENURE
£495,000 for the valuable freehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

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.
Number of employees:
10
Is accommodation included?:
Yes
Number of bedrooms:
6
Location Details:
Chagford
Listed by:
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