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Quintessential Thatched Country Inn

Barnstaple, Devon, England

  • Freehold Price: £695,000
  • Annual Turnover: £341,263
Seller Reference: 4783
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: 4783
Request Details
Business Description
THE PROPERTY
The Stags Head Inn is a substantial, impressive and attractive character thatched country inn, which is Grade II listed and presented to an exceptionally high standard. The inn is renowned for its ambience of character and warmth, retaining much of the original charm and character, within a superior trading environment. This high quality, destination country freehouse and restaurant with letting bedrooms, briefly comprises:- Character Main Bar, Restaurant (25), further Restaurant Area (18), Family Dining Room (12), Commercial Catering Kitchen with back up and ancillary facilities, Four Letting Bedrooms, Spacious Family Sized Three Double Bedroom Owners Private Accommodation with Sitting Room and Dining Room. Externally, the grounds extend to in excess of 1.5 acres which incorporate a substantial pond, Al fresco Seating Areas for 60+ customers, extensive car parking for 30+ vehicles, Owner's Private Garden Areas and a range of useful Outbuildings and Stores. The Stags Head Inn is a highly regarded thatched country freehouse and is undoubtedly a special place to live and work. A viewing is strongly recommended in order to fully appreciate all that this classic thatched Devon country inn has to offer.

SITUATION
The Stags Head Inn is a stunning and renowned landmark building. Nestled in a valley and set in the beautiful Fortescue Estate, amidst rolling fields and lush woodland, not far from the Castle Hill Estate, on the outskirts of the attractive and desirable Devon village of Filleigh. Filleigh is easily accessible and only 3 miles from the market town of South Molton and 10 miles from Barnstaple. Exmoor National Park and North Devon's stunning beaches and coastline are in easy reach by car, and the area is renown for its various country activities including walking, riding, cycling, fishing and golf. The bustling market town of South Molton offers a host of facilities including a Sainsburys supermarket, weekly pannier and agricultural markets, Mole Valley Farmers superstore and a range of interesting local shops. The North Devon Link Road (A361), is within 2 miles of the inn and provides easy access to both Barnstaple to the North and Tiverton and junction 27 of the M5 motorway and a main line rail link to London, 30 miles to the South.

INTERNAL DETAILS
Main Customer Entrance Doors to front leading into Main Bar Area an attractive character room with beamed ceilings, slate flooring, part-exposed stone walls, wall mounted menu boards, free standing tables, chairs, stalls and extensive perimeter faux leather upholstered seating comfortably for 30 customers plus adequate standing room. Timber fronted and polished timber topped polished Bar Servery with associated back bar fittings, optics and display shelving with Altro flooring, double glass fronted bottle fridge, EPOS cash register with printer link to kitchen. Still Room with coffee machine (on loan), single glass fronted bottle fridge, microwave oven, stainless steel sink unit, ice machine, glass washer, wine racking and door to rear. Main Restaurant again an attractive character filled room with carpeted flooring, beamed ceilings, part wood panelled walls, feature stone fireplace with inset electric fire, range of free standing wooden tables and chairs comfortably seating 25 customers. Further Restaurant Area a continuation in style, character and ambience with carpeted flooring, heavily beamed ceilings, feature stone fireplace with inset electric fire and free standing wooden table and chairs, comfortably seating 18 customers. Family Dining Room another character room with carpeted flooring, heavily beamed ceilings, feature stone fireplace (disused), range of freestanding wooden tables and chairs comfortably seating 12 customers. Commercial Kitchen with Altro flooring and fully equipped with a comprehensive range of commercial catering equipment to include:- six burner gas range, oil fired Aga, extractor system with stainless steel canopy over, stainless steel work surfaces with shelving below, ceiling fans, twin floor standing deep fat fryer, single table top deep fat fryer, three commercial microwave ovens, central island work bench with built in stainless steel sink unit, commercial combi oven, plate warming cabinet, under counter fridge, three up right fridges, range of base kitchen cupboards with stainless steel work surface over, door to rear. Wash Up Area with Altro flooring, stainless steel work surfaces with shelving below, stainless steel deep bowl sink unit, commercial dishwasher, two further stainless steel sink units, range of base kitchen cupboards with stainless steel work surfaces over, fridge freezer and three microwave ovens. Staff WC. Dry Goods Store being fully shelved with two undercounter fridges, fridge freezer and door to rear. Office. Ladies and Gents WCs. Veg Store shelved with door to rear.

LETTING ACCOMMODATION
The business offers four comfortable letting bedrooms which benefit from independent access and offer remote control colour TVs and hospitality trays. The letting bedrooms are situated on the first floor and briefly comprise:- Oak Room a single room with aspect to the front and pedestal wash hand basin. Primrose a small double bedroom with aspect to the front, vaulted ceiling and pedestal wash hand basin. Meadow a double bedroom with aspect to the front and pedestal wash hand basin. Bathroom. Tudor a family room to sleep 3 with aspect to the front, pedestal wash hand basin and an En Suite Shower Room.

PRIVATE ACCOMMODATION
Situated on the first floor is the spacious and extremely well appointed family sized owner's private accommodation, which briefly comprises:- Sitting Room an attractive character room with painted ceiling beam, aspects to the front, disused fire place being open plan and through into Dining Area. Bedroom 1 a spacious master double bedroom with built in wardrobes, disused fireplace, aspect to side, exposed celling timbers, and En Suite Bathroom with shower over bath. Bedroom 2 a good sized double bedroom with aspect to front and built in wardrobes. Bedroom 3 a double bedroom with aspect to side. Shower Room.

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.

EXTERNAL DETAILS
The Stags Head Inn is set within grounds which extend to over 1.5 acres with a real feature of the property being a Substantial Private Pond with Waterside Al Fresco Seating for 30+ customers and further Lawned Beer Garden Areas to the front for 32+ customers. Also to the front of the property is an Extensive Customer Car Park with space for 30+ vehicles. Directly to the rear of the property is an Enclosed Private Owners Garden Areas which are mainly laid to lawn with patio and terrace areas, and which could be utilised as a further beer garden area, if so required. Also, to the rear are a range of useful outbuildings including a brick built Beer Cellar and Bottle Store, temperature controlled with racked shelving, a Former Barn currently housing a Large Walk In Freezer and Dry Goods Store, Laundry Room with commercial washing machine and commercial tumble dryer, Former Skittle Alley currently used for storage but with potential, subject to necessary consents, to create further letting rooms or self-catering accommodation. Adjacent to the inn, is a Small Paddock Field which our clients rent from the Castle Hill Estate for £100 per annum and which provides further amenity land and overflow car parking.

THE BUSINESS
The Stags Head Inn is an iconic, thatched destination character inn and an extremely successful and well-regarded business with an excellent reputation. Well presented throughout, the business benefits from excellent levels of regular, year round repeat trade, not only from the village but from the surrounding hamlets, villages and towns. It also attracts tourist trade with a number of bed and breakfast and self-catering accommodation providers in the area. The business also benefits from having brown tourist signs. Almost no advertising or marketing is undertaken by our clients, and the business is highly regarded for its high quality, freshly prepared food, utilising the finest available local produce, set within an attractive character property. The letting bedrooms are not promoted or advertised on any of the well known online accommodation portals. The Stags Head Inn benefits from a TripAdvisor Certificate of Excellence and boasts a 5 Star Food Hygiene Rating. The business has its own website: which provides further background information and a 3D tour of the public areas. Our clients have owned and run the inn for 15 years during which time they have constantly improved and maintained the property whilst sympathetically enhancing the character of the building. The property was rethatched approximately 6 years ago and was completely rewired last year. The inn is run by our clients, with the assistance of up to 17 part time/casual members of staff, as and when trade levels dictate. The business is for sale due to genuine retirement. The sale of the Stags Head Inn represents an excellent opportunity to purchase a well-established and well-regarded stunning character country inn, located in an extremely desirable part of the West Country.

TRADING INFORMATION
Accounts for the year ending 31st March 2019 show sales of £341,263 net of VAT. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The Stags Head Inn trades from midday-3pm, and 7pm-11pm Tuesday to Sunday, and from midday-3pm on Mondays. It is closed on Monday evenings.

POTENTIAL
Our clients advise us that there is potential and opportunity to develop all aspects of the business and property still further, and for future growth in trade levels. Particularly by increasing the current trading hours and introducing all day opening, and by serving food all day, especially during the busy summer holiday period, for which undoubted demand exists. There are also opportunities to reconfigure the letting accommodation and to develop the former skittle alley to provide additional accommodation, subject to the necessary consents. There are also opportunities for new owners to make better use of social media, and to enhance the online marketing presence of the business to include the use of well know accommodation booking portals.

EPC
Listed property 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
Main electricity, mains water, private drainage, LPG is used for cooking and oil is used for heating.

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, please contact us for a list of specialist brokers.

Tenure:
Freehold
Is accommodation included?:
Yes
Number of bedrooms:
7
Location Details:
The Stags Head Inn is a stunning and renowned landmark building. Nestled in a valley and set in the beautiful Fortescue Estate, amidst rolling fields and lush woodland, not far from the Castle Hill Estate, on the outskirts of the attractive and desirable Devon village of Filleigh. Filleigh is easily accessible and only 3 miles from the market town of South Molton and 10 miles from Barnstaple. Exmoor National Park and North Devon’s stunning beaches and coastline are in easy reach by car.
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