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Substantial And Well Presented Detached Character Village Inn

Sidmouth, Devon, England

  • Leasehold Price: £57,500
  • Annual Turnover: £269,441
Seller Reference: 4768
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: 4768
Request Details
Business Description
THE PROPERTY
The Cannon Inn is a well presented character detached village inn. This deceptively spacious character property occupies a prominent and highly visible trading position in the centre of the village and benefits from a landmark trading position adjacent to the A3052 main road. This well-appointed village public house briefly comprises: - traditional Public Bar (24+), character Lounge Bar and Dining Room (36+), Commercial Catering Kitchen with Ancillary Facilities, Skittle Alley, extensive family sized 7 Bedroom Owners Accommodation (4 currently used as Letting Bedrooms) with Sitting Room, Bathroom and Shower Room. Externally, the property benefits from a Customer Car Park with around 20 spaces, enclosed lawned Beer Gardens (66+), Children's Play Area, Owners Private Garden Area and useful Outbuildings and Stores. An internal inspection is strongly recommended in order to fully appreciate all that this deceptively spacious village inn has to offer.

SITUATION
The Cannon Inn is situated in the centre of the well regarded and popular East Devon village of Newton Poppleford. The Cannon Inn occupies a prominent landmark trading position adjacent to the A3052, a major tourist and coastal route running from Exeter and the M5 motorway, to Lyme Regis and the Dorset coastline. Newton Poppleford, one of East Devon's favoured villages, nestles in the Otter Valley, some 3 miles from the ever popular Regency coastal resort town of Sidmouth, which forms part of the Devon and Dorset Jurassic coast and is designated as an Area of Outstanding Natural Beauty and has been awarded World Heritage status by UNESCO. The Cannon Inn also draws trade from the many nearby villages, hamlets and towns and is situated around 12 miles from the Cathedral City of Exeter.

INTERNAL DETAILS
Main customer entrance door to front leading into Entrance Hall with doors into Public Bar a character room with carpeted flooring, feature open fire place, wall mounted large screen colour television, wall mounted notice boards, feature lighting, darts oche area, range of free standing wooden tables, chairs, stools and upholstered perimeter seating for 24 customers plus adequate standing room. Timber fronted and topped return Bar Servery with associated back bar fittings, display shelving and optics. Altro flooring, double glass fronted bottle fridge and open shelving. Lounge Bar and Dining Room a spacious character room in two areas with part carpeted and part wood flooring, two feature open fire places, one with woodburning stove, wall mounted menu boards, part wood panelled walls, door to Beer Garden, range of free standing wooden tables, stools, chairs and pew style seating for 36 customers plus adequate standing room. Substantial timber fronted and topped Bar Servery with associated back bar fittings, display shelving and optics. Four real ale stills and coolers, open shelving, upright glass fronted bottle fridge, sink unit, glass washer and EPOS touch screen cash register with printer link to kitchen. Commercial Kitchen with Altro flooring, part wipe clean and stainless steel clad walls, extractor system with stainless steel canopy over, six burner gas range, extensive stainless steel racked shelving, three microwave ovens, two freezers, floor standing deep fat fryer, extensive stainless steel work benches with shelving below, Falcon grill, and double upright commercial fridge. Washup Room with tiled flooring, part tiled and wipe clean clad walls, double bowl stainless steel sink unit, dishwasher, wall shelving and work surfaces with cupboards under. Boiler cupboard. Ladies WC's. Men's WC's (outside).

OWNERS/LETTING ACCOMMODATION
A particular feature of this business is the spacious and flexible family sized owner's accommodation, part of which is currently used for letting accommodation by the present owners. Situated on the first floor, the accommodation briefly comprises: - Sitting Room a good sized room with aspect to front and feature open fireplace. Two good sized Double Bedrooms and one Single Bedroom. Shower Room. Additionally, on the first floor are four bedrooms sleeping up to 10 guests,

each with colour television and tea and coffee making facilities. These bedrooms briefly comprise: - Bedroom 1 a small double bedroom with sink. Bedroom 4 a double bedroom with sink. Bedroom 5 a twin bedroom with sink. Bedroom 6 a family room to sleep 4 with sink. Shared Bathroom with shower over bath.

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
To the side of the pub is a private Customer Carpark with space comfortably for 20 + vehicles. Directly to the rear of the pub is an enclosed lawned Beer Garden with Children's Play Area and swings and bench seating for around 18 customers. A further enclosed lawned Beer Garden Area provides bench seating for 48 customers. Owner's Private Garden Area. Beer Cellar/Bottle Store temperature controlled on the ground floor. Large wooden Storage Shed divided into two areas, one used for storage and the other with washing machine, tumble dryer, chest freezer, upright freezer and upright fridge. Covered Storage Area. Skittle Alley with temporary Bar Area, darts oche area and tables and chairs seating 40+ customers with a purpose built alley and ball return.

THE BUSINESS
The Cannon Inn is well presented throughout and is the only pub within this East Devon village. The Cannon Inn is a popular and well regarded business with an excellent reputation which benefits from impressive levels of regular year round repeat trade, not only from the village, but from the surrounding villages, hamlets and towns. The landmark trading position also ensures that there is regular passing trade from those using the busy Exeter to Lyme Regis coast road. The pub is very much at the heart of village life and is home to 6 skittle teams, 2 darts teams, the village cricket team, the village tennis club and is a popular venue and meeting place for various local clubs and societies. The pub hosts occasional live music, shows BT Sport and has weekly quiz nights, bullseye nights and themed food nights. There is also a popular pub summer skittles league and also a well supported annual beer festival. The pub is featured in the Good Beer Guide and is renowned for the its Cask Marque accredited ales. It has a 4-star Food Hygiene Rating and The Cannon Inn benefits from its own website www.pubindevon.co.uk as well as an active Facebook following. The pub also offers a basic value for money bed and breakfast accommodation offering, although this side of the business is not really advertised or promoted. The sale of The Cannon Inn represents an excellent opportunity to purchase a well regarded country village inn with flexible family sized owners accommodation and letting bedrooms and is undoubtedly a very special place to live and work. Offered for sale after 11 years of ownership, a formal viewing is essential in order to fully appreciate all that this quality business and property has to offer.

TRADING INFORMATION
Accounts for the year ending 31st March 2018 show sales of £269,441 net of VAT. We are advised that the approximate trade split is 65% wet sales, 30% food sales and 5% from letting accommodation. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
Current opening hours are 11.00am until 2.30pm and 5.30pm until 11.00pm Monday to Wednesday. 11.00am TRADING INFORMATION
Accounts for the year ending 31st March 2018 show sales of £269,441 net of VAT. We are advised that the approximate trade split is 65% wet sales, 30% food sales and 5% from letting accommodation. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

POTENTIAL
Our clients advise that there is tremendous potential to develop all aspects of the trade still further and to build on the continuing levels of trade currently being achieved. No doubt there are opportunities to further promote the letting bedrooms dependent upon personal requirements. There are also opportunities to increase the current trading hours and to introduce all day opening and an all day food service, particularly during the busy holiday months.

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 www.voa.gov.uk.

SERVICES
All mains services are connected to the subject property.

PRICE & TENURE
£57,500 for the leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion. We are advised that the property is held on a three year, internal repairing, lease effective from March 2017. The current rent is £25,930 per annum plus VAT. The landlords, Punch Partnerships have indicated they will offer a further 3 years to a suitable leasee. We are advised that the inn is free of tie for wines, spirits and soft drinks. We are advised that at the end of the term, the lease should be renewable with no further premium - subject to the provision of the Landlord and Tenant Act 1954. Full details available upon request.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk
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:
6
Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
7
Leasehold Term:
Vacant possession upon completion. We are advised that the property is held on a three year, internal repairing, lease effective from March 2017. The current rent is £25,930 per annum plus VAT. The landlords, Punch Partnerships have indicated they will of
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