Status: Completed
Tenure: Leasehold
Leasehold Rent: £6,039 per month
Turnover: £584,407
17th Century Coaching Inn and Restaurant in North Cerney, Gloucestershire For Sale17th Century Coaching Inn and Restaurant in North Cerney, Gloucestershire For Sale17th Century Coaching Inn and Restaurant in North Cerney, Gloucestershire For Sale17th Century Coaching Inn and Restaurant in North Cerney, Gloucestershire For Sale
£185,000

17th Century Coaching Inn and Restaurant in North Cerney, Gloucestershire For Sale

Completed
  • Reference: 1710
Hilton Smythe is delighted to welcome to the market this popular 17th century coaching inn and restaurant, which is in the village of North Cerney, Gloucestershire. The business was established in 1699 and has been in our client`s ownership since 2003. Only now is the business offered to the market due to family commitments. The business operates 7 days a week and generates a turnover in the region of 584,407 with a gross profit of 66%, derived from 35% wet sales, 55% dry sales and 10% accommodation.

Our client offers a wide range of alcohol, including real ales, fine wines and spirits. Our client also holds wine tastings on the last Wednesday of every month with guest speakers and food. The award winning 50 cover restaurant boasts a fully fitted commercial kitchen and offers a lunch and early evening menu, as well as a A La Carte menu. The business holds special evenings such as quiz nights, Christmas carol services and Burns` supper.

There is scope to increase turnover by a modest marketing campaign and perhaps opening the restaurant for breakfasts or coffee mornings. The pub is well supported within the local community. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout. The property boasts three bedroom owners accommodation to the first floor. This is an excellent opportunity for a new owner to take this business to the next level; therefore early viewing must come highly recommended.



Business Established:
The business was established in 1699


Number of Employees:
Our client employs 5 x full time and 10 x part time members of staff.


Trading Hours:
The business is open:



Monday - Sunday: 12.00pm - 12.00am


Lease Terms:
We are advised Leasehold:

Original lease length: 20 years
Remaining lease length: 10 years
Review every: 5 years


Reason for selling this business:
Only now is the business offered to the market due to family commitments.


Furniture, fixtures and fittings are available.
Location Description:
The Bathurst Arms occupies a prominent trading position within North Cerney in Gloucestershire. North Cerney is a village that lies within the Cotswolds; a range of hills designated as an Area of Natural Beauty, with a population of approximately 556 people. The Cotswolds have famous cities such as Bath, and well known beautiful villages such as Burford, Castle Combe and North Cerney. The village is located four miles north of Cirencester within the Churn Valley. The area is popular with visitors and tourists and the public house benefits from a vast amount of footfall and passing trade. The business is surrounded by residential properties, from which it draws much of its trade and benefits from ample parking to the front of the property.

The area is well served by public transport with many bus stops within easy walking distance and one directly outside the property. The area is well served by the A-road network with the A429 and A417 both within close proximity to the property, which lead to the M5 motorway and the vast motorway network. Cheltenham is approximately 11 miles away, Gloucester is 17 miles away and Chipping Norton 25 miles away.
Premises Details:
Imposing stone built riverside property, briefly comprising:

Ground floor

Bar area with exposed stone flooring, exposed beams, feature Inglenook fireplace with log burner, bar server with 5 points of dispense, EPOS terminal, optics display, 3 x drinks display chillers and ladies and gents WCs.

Wine Room with tiled flooring, wine racking and shelving to walls, leather sofas, log burner, bar servery, EPOS terminal and drinks display chiller.

Restaurant set out for 50 covers with exposed floorboards, exposed stone walls, feature wooden beams, feature fireplace and ladies and gents WCs.

Commercial kitchen with chargrill, chiller, double fryer, 6 x burner range, oven, stainless steel extraction canopy, stainless steel work areas, 4 x stainless steel chillers, sink unit and washing up area.

Store room with shelving to suit trade, refrigerators and freezers.

Cellar with cooling system and two pint pull.

First floor letting rooms:

Room 1: King size bedroom with bath/shower and garden view

Room 2: Small double bedroom with bath/shower at rear of property

Room 3: Double bedroom with shower suite and garden view

Room 4: Double bedroom with bath/shower and garden view

Room 5: Twin bedroom with shower and garden view

Room 6: Small twin bedroom with bath/shower at rear of property

Owner`s accommodation with 2 x bedrooms with en-suite, bathroom, lounge, kitchen and utility room.

Second floor with staff room, store room and office.

External with two large car parks and beer garden overlooking the River Chum.