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Extremely Well Presented Character Listed Destination Inn

Yelverton, Devon, England

  • Freehold Price: £475,000
  • Under Offer
  • Annual Turnover: £326,500
Seller Reference: 4773
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Business Description
 
 
 
 
 
 
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Seller Reference: 4773
Request Details
Business Description
THE PROPERTY
The Who'd Have Thought It Inn is a substantial character Grade II listed detached village inn, set in over an acre. This substantial and deceptively spacious inn has recently been sympathetically extended, enhancing the original character of the property and upgrading the facilities. With origins reputedly dating back to the 16th Century the Who'd Have Thought It Inn is presented to an extremely high standard throughout and offers 2 high quality Ensuite Letting Bedrooms, character Main Bar (20+), 4 interconnecting character filled Restaurant/Dining Rooms (62), exceptionally well equipped commercial catering kitchen with extensive Ancillary and Back Up Facilities, Self Contained Owner's Apartment with spacious Sitting Room and kitchenette Area, generous Double Bedroom and Bathroom. The grounds extend to over an acre and incorporate a Large Customer Car Park for 40+ vehicles, Customer Seating Areas to the front and rear providing al fresco seating for around 52 customers. The Who'd Have Thought It Inn is a highly regarded and extremely well-presented destination village inn and a viewing is strongly recommended to fully appreciate the quality and standards inherent throughout all aspects of this business and property.

SITUATION
The Who'd Have Thought It Inn occupies a prominent trading position in the heart of Milton Combe, and benefits from highly visible signage on the roads leading to the village. Milton Combe is a picturesque village located on the western edge of Dartmoor National Park and a short walk up the hill is the National Trust owned Buckland Abbey with its shop and Buckland Food Growers Group with community based allotments. The nearby village of Yelverton (3.5 miles) offers a wide range of shops and a supermarket, the town of Tavistock is 9 miles and the city of Plymouth is just over 10 miles. The Who'd Have Thought It Inn is ideally situated for anyone wishing to discover and tour Dartmoor's renowned and unspoilt moorland and many popular tourist spots nearby.

INTERNAL DETAILS
Main customer entrance doors to the front and from the car park at the rear leading to Entrance Hall with Reception Area having timber fronted and topped desk with commercial coffee machine, coffee grinder, glass washer and undercounter fridge. Drakes Lounge a traditional Main Bar Area and an attractive character room with carpeted flooring, original beamed ceilings, part wood panelled walls, feature fireplace with inset wood burning stove, part exposed stone work, wall mounted menu boards, feature lighting, freestanding wooden tables, chairs, arm chairs, settle seating and window seating for 20 customers plus adequate standing room. Substantial timber fronted and polished timber topped Bar Servery with tiled flooring, fitted with a range of back bar fittings, extensive display shelving, EPOS touch screen cash register, stainless steel sink unit and 2 glass fronted bottle fridges.

Middle Room a traditional character room with original slate flag stone flooring, part exposed stonework, feature lighting, feature fireplace with inset double-sided wood burning stove, range of freestanding wooden tables, chairs and window seats for 14 customers. Through into Bottom Room, an attractive character room with slate flooring, exposed stone walls, vaulted ceiling with exposed timbers, feature lighting, feature fireplace with double-sided woodburning stove, range of freestanding tables, chairs, arm chairs and sofas comfortably seating 26 customers. Through into New Room, a character room with slate flooring, part wood panelled, and part exposed stone walls, door to side, feature lighting and a range of freestanding wooden tables and chairs comfortably seating 12 customers. Snug/Private Dining Room again an attractive character room with slate flooring, feature exposed stone walls, exposed ceiling timbers, feature inglenook fireplace (disused), feature lighting and freestanding wooden tables and chairs comfortably seating 10 customers. Office. Laundry Room with washing machine and tumble dryer. Ladies and Gents WCs. Disabled WC (disused). Beer Cellar temperature controlled on the ground floor with doors to the rear and racked shelving. Commercial Catering Kitchen with tiled flooring, stainless steel and wipe clean clad walls and being fully 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, 2 x 6 burner gas ranges, twin floor standing deep fat fryer, stainless steel handbasin, eye level grill, hot plate, warming cabinet, extensive lit serving gantry, 3 microwave ovens, 4 door under counter commercial fridge unit, undercounter commercial fridge, commercial upright freezer, 2 door under counter commercial fridge, 3 door undercounter commercial fridge, stainless steel sink unit, commercial waste disposal unit. stainless steel wall shelving, twin deep bowl stainless steel sink unit, commercial dishwasher and stainless steel racked shelving. Large Walk in Fridge with racked shelving. Dry Goods Store Room with 2 commercial upright freezers, racked shelving, chest freezer and doors to front and rear.

LETTING BEDROOMS
The business offers two extremely well appointed and stylish Ensuite Letting Bedrooms furnished to an extremely high standard. The bedrooms are completely self contained and benefit from remote control colour televisions, Wi-Fi, hair dryers and tea and coffee making facilities. The bedrooms are generously proportioned and briefly comprise: - Bedroom 1 a large super king bedroom with dual aspect, feature vaulted ceiling, and Ensuite Shower Room. Bedroom 2 a king size double bedroom with aspect to the side, feature vaulted ceiling and an Ensuite Shower Room. Ground floor House Keepers Store Room/Office.

PRIVATE ACCOMMODATION
Situated on the first floor is a self-contained owner's apartment which briefly comprises: - Spacious Sitting Room with dual aspect to front, exposed ceiling timbers and Kitchenette Area. Generous Double Bedroom with aspect to the front and feature fireplace (disused) and a Bathroom with a modern white suite and separate shower cubicle.

EXTERNAL DETAILS
The grounds extend to over an acre. To the front of the property is an enclosed Courtyard Seating Area with wooden picnic bench seating for around 26 customers. Wood Store Area. To the rear of the property are the majority of the grounds which incorporate an extensive Customer Car Parking Area with space for 40+ vehicles and feature lighting, attractive Lawned and Terraced Beer Garden with al fresco seating for 26 customers. Covered Bin Store Area. The land to the rear of the car park offers potential for numerous uses.

THE BUSINESS
The Who'd Have Thought It Inn is extremely well presented throughout and trades as a quality country pub and restaurant with letting bedrooms, located in a picturesque and unspoilt Devon village. With many character features throughout the property, the inn is a popular and well-regarded business with an excellent reputation and benefits from strong levels of regular year-round trade, not only from the village, but also from the surrounding hamlets, villages and towns. The business benefits from an excellent local following and its location close to Buckland Abbey on the edge of Dartmoor National Park, midway between Tavistock and Plymouth, with prominent and visible signage, boosts trade levels further. The business is well regarded for its quality homemade, freshly prepared food, using the best available local produce, set within a character filled freehouse. The Who'd Have Thought It Inn has its own website which provides further background information. The business has received numerous favourable reviews on Trip Advisor as well as a Certificate of Excellence, it has been awarded a 5 Star Food Hygiene Rating and is featured in the Good Pub Guide. This is a particularly attractive business which has been the subject of upgrade and improvement which offers tremendous potential to develop all aspects of the trade still further and build on the current levels of business. The sale of the Who'd Have Thought It Inn represents an excellent opportunity to purchase an attractive and well-regarded country village inn and destination restaurant with letting bedrooms 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 and property has to offer.

TRADING INFORMATION
Management accounts for the year ending 28th February 2019 show sales of £326,500 excluding VAT. The split of trade is approximately 52% food sales, 40% wet sales and 8% accommodation sales. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The Who'd Have Thought It Inn trades from midday until 3pm and 6pm until 11pm Tuesday to Saturday, midday until 10.30pm on Sunday and from 6pm until 11pm on Monday.

CURRENT STAFFING
The business is currently run under management with 3 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 focused hands on owner operators, maximising all available income streams and building upon the impressive levels of trade already established.

REASON FOR SALE
Retirement sale after 15 years of ownership.

EPC
Listed building and therefore exempt.

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 main services, with the exception of gas are connected to the subject property. LPG is used for cooking and central heating.

PRICE & TENURE
£475,000 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.

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:
9
Tenure:
Freehold
Is accommodation included?:
Yes
Number of bedrooms:
3
Location Details:
The Who’d Have Thought It Inn occupies a prominent trading position in the heart of Milton Combe, and benefits from highly visible signage on the roads leading to the village. Milton Combe is a picturesque village located on the western edge of Dartmoor National Park and a short walk up the hill is the National Trust owned Buckland Abbey with its shop and Buckland Food Growers Group with community based allotments.
Listed by:
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