• Popular leasehold Free house
• located near sought after Somerset town
• Well-presented throughout
• 2 bedroom owners living accommodation
• Healthy turnover and profits with scope to improve
• Excellent local reputation
• Large car park
• Desirable highly visible trading position
• Good mix of complementary businesses nearby
Falcon Commercial is delighted to offer for sale this well-presented Public House which occupies a prime trading position on one of the main roads that runs into this popular Somerset town. It has been under the proud ownership of our clients since 2012. It is now reluctantly being placed on the market as the owner wishes to explore another business opportunity.
During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, good food and great service.
This extremely well presented turnkey Public House enjoys a highly visible trading position on one of the main roads that leads into the popular Somerset market town, Frome. This thriving business is operated as a wet led Public House with a simple food offering (40% of sales) which is cooked to order. The Sunday roast is partially popular. It is considered the premises are suitable for all types of cuisine
The business is run by our client with help from a dedicated team of full and part time staff and generates a turnover in the region of ££200,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover by possibly running a modest marketing campaign or by extending the opening hours to include earlier in the mornings offering breakfasts etc.
This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended
The Premises
Substantial and well maintained leasehold building, benefiting from being in a highly visible position on one of the main routes into Frome. The area contains an excellent mix of complimentary independent owned and multiple businesses.
The premises have been well maintained and are fitted and presented to high trade specifications throughout. These charming premises provide outstanding and highly functional internal business accommodation.
The premises briefly comprise:
Ground Floor
• Bar area with wooden faced servery. 18 covers
• Restaurant area with approximately 26 covers
• Catering Kitchen with extraction
• Cellar
• Ladies Toilets
• Gents Toilets
First Floor owner’s accommodation
• Lounge
• Bathroom
• Kitchen
Second Floor owner’s accommodation
• Double bedroom
• Double bedroom
External
• Beer garden
• Patio area
• Covered decked area
• Owners private garden
• Car Park for approximately 30 cars
Business Details
Opening Hours
• 11.00am – 11.00pm Monday - Sunday
Turnover
• £200,000 Per year
• Turnover spilt - Wet 60% Food 40%
Business Rates
Business rates payable: Nil
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
Stock
The business stock value is: £5,000
Staff
The business is run by the proprietor with help from a dedicated team of full and part time staff who work on an agreed rota basis.
EPC
Commercial Energy Performance rating: TBC
Tenure
• Leasehold
• We are advised that the lease is for 20 years and has 10 years remaining. The current annual rent payable is £37,000 inclusive of VAT & Insurance
Legal Costs
Each party to bear their own legal costs incurred in the transaction. This may not include the landlord’s costs.
Accounts
Accounts will be provided to genuine purchasers after a formal viewing
Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01297 598080
Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou
Location Details:
The Business is located on the outskirts of Frome. Frome is a historic market town with many notable buildings and features the highest number of listed buildings in Somerset. Frome offers a range of shopping facilities, a sports centre, several cafés, a choice of pubs, local junior, middle and senior schools, several theatres and a cinema. Private schools are to be found in Wells, Bath, Warminster, Cranmore, Beckington, Glastonbury and Street. Communications are excellent with the A303 about 10 miles away and the M4 can be accessed at Bath. Mainline railway stations can be found at Westbury, Castle Cary and Bath, providing a London Paddington service and Warminster and Gillingham provide services to London Waterloo. Bristol airport is about 45 minutes away.
Leasehold Term:
We are advised that the lease is for 20 years and has 10 years remaining. The current annual rent payable is £37,000 inclusive of VAT & Insurance
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