Pubs for sale in Radlett

View the "Long-Leasehold Pub With Accommodation Hertfordshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I would like to congratulate 'Daltons' on a great service. All the staff were really efficient & friendly. 

Mark Bretton (October 2016)
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Leasehold Price: £99,950 Sale Agreed Turnover: £329,730 Gross Profit: £180,807
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Business Description
BUSINESS
Hilton Smythe are delighted to present to the market The Cat & Fiddle pub, purchased by our client in the early 2000 and offered for sale due to our clients wish to retire.

This is a true example of a traditional community led pub with the history and characteristics of an 18th century building. The well know business is known for its fine range of beers, lagers and wine to its freshly home cooked menu.

Currently the business has been run by our clients who had previously concentrated on other business interests and let staff run the operation. They are working on building back up the reputation for food which currently only stands at 20% of the weekly takings. They had plans drawn up to redevelop the entire building and land which will be available to view by any prospective buyer.

A new refurbishment programme has begun including the repainting of the pub front and general building upgrades. There is a separate bedsit to the left side of the pub as well as 4 bedrooms on the first-floor accommodation which is currently being rented out.

The long lease will ensure any new operator can see the benefits of any initial investment to help return the business to its former glory. The current accommodation could easily be used a guest accommodation or family accommodation if required.

Previous food counted for ⅓ of the weekly turnover.

No current website.

Full handover period offered to the market.

Ideal chef run opportunity.

LOCATION
The Cat & Fiddle occupies a large plot on Cobden Hill, Radlett in Hertfordshire.

The pub is located just up from the busy high street and sits centrally off Watling road which links Frogmore to Elstree. Radlett is affluent residential area 5 miles south of St Albans and only 21 miles north of London making the area a popular base for many London professionals.

Radlett mainline station is 2 minutes from the business and the excellent position takes advantage of being in between the M25 and M1 motorways which are less than 5 minutes’ drive away.

There is large carpark to the rear for a minimum of 30 cars.

PREMISES
18 th century bar with 60 cover dining spread over 3 adjoining customer areas (known as the top bar, middle and low bar) with a central bar running throughout. Each room has its own charm with feature fireplaces, solid wooden tables and chairs and church pews, traditional metal based tables and cushioned stools, traditional framed artwork and original beams.

Bar servery - 9 x points of dispense including 2 x beers, 5 x lager, 1 x cider and 1 x Guinness. Our client informs us they are tied on the draught but free of tie on all wines and spirits.

Ladies and gent’s toilets.

Kitchen - 6 x ring gas oven, griddle, 2 x commercial microwaves, heat cupboard, stainless steel preparation tables, under counter fridges and freezers, large extraction unit, double dryers and dishwasher.

Storeroom - 2 x chest freezers, upright fridges and freezers, storage shelving with access to carpark.

Same level cellar - chilled barrel store with 9 x connections.

Small office

Access to first floor - includes 2 x living rooms, 2 x double bedrooms, 2 x single bedrooms, 3 x bathrooms and a kitchen.

Side accommodation includes 1 x bedroom open plan bedside with kitchen. This has its own entrance.

Enclosed paved terrace area with solid wood tables used for additional dining for 60 and very popular for BBQ’s and summer parties.

Large car park for a minimum of 30 cars.

Rear grassed area with flowers, children's play area and additional customer seating.

Portacabin - used as temporary staff quarters when required.

TENURE
Long Leasehold.

This was originally a 30-year lease with 13 remaining as of 2017.

Paying £39,000 rent per year.

Rates payable £10,000 per year.

HOURS
Monday to Sunday: 12-11pm

STAFF
The business is run and managed by the owned and daughter with the help of 3 members of staff.

FINANCIAL PROFILE
2016 turnover is circa £329,730 with a gross of 55%.

EXTRA NOTES
4.3 out of 5 Facebook reviews.

TripAdvisor 4 out of 5.

Tenure: Leasehold

Listed by: Hilton Smythe
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