Turnover

We are informed the turnover averages £6,500/£7,000 p.w. In our opinion offering tremendous potential for further increase in the right hands. We are further advised that the approximate split of turnover is in the region of 50% restaurant 30% accommodation and 20% wet sales. We are informed sales year ending 31st august, 2007 showed in the region of £350,000 inclusive of vat

Features

Outstanding opportunity to acquire a well appointed Licensed Hotel/Restaurant we understand built in 1878 with large extension in 1990 with the front exterior all in flintstone, in keeping with the original cottage.

• Occupying an excellent position with easy access to London and indeed Gatwick Airport.
• Full Gas Fired Central Heating
• Full On Licence
• Large Lounge Bar
• Adjoining Conservatory
• Spacious Restaurant
• 9 en suite Bedrooms plus self contained flat
• Car Park for 12 cars
• Front entrance to attactive Lounge Bar, fully carpeted, wall and ceiling lighting. Quality tables and chairs plus armchairs providing seating for 25 persons. Adjoining glass conservatory providing additional area for tables and chairs for 10 persons. Long bar with computerised till, 2 handpumps, 2 glass fronted double door fridges, wine fridge, glass washer, sink.

Adjoining spacious Restaurant with wall and ceiling lighting. Tables and chairs providing seating for 60 persons. Smal dance floor.

2 separate ladies' fully tiled cloakrooms each with w.c. and wash hand basin
2 separate gentlemen's fully tiled cloakrooms each with w.c. and wash hand basin
Large level kitchen with quarry tiled floor, the equipment includes 1 4-burner gas cooker, 1 solid top gas cooker with oven, 1 electric deep fryer, 1 commercial microwave oven, stainless steel tables/work surfaces, 1 3-door stainless steel counter fridge, 1-2 door stainless steel counter fridge, fridge, commercial dishwasher, double sink and drainer, wash hand basin.

Stairs to large basement providing storage area with 2 chest deep freezes, 1 upright stainless steel fridge, 2 additional fridges.

Laundry room with industrial top loading washing machine, washing machine.

Staff changing room

From the ground floor there are stairs to first floor letting accommodation, all in good condition and with full gas fired central, comprising:

6 Double Bedrooms plus 3 twin bedrooms, all with en suite fully tiled bathrooms with bath, w.c. and wash hand basin

All the letting rooms are fully carpeted and fully furnished, have tea/coffee making facilities plus colour television.

In addition on the first floor is a Self Contained Flat, comprising:

Large Double Bedroom with en suite fully tiled shower room with shower, w.c. and wash hand basin
Additional Double Bedroom (can be utilised as an office)
Large Lounge
Linen Room (could readily be converted into additional bathroom)

Staff

The business is at present operated by the vendor with the assistance of members of his family, together with 3 full time chefs, 2 part time kitchen porters plus 5 part time waiting staff.

Outside

Car parking for 12 cars
Large attractive patio area with potential for tables and chairs, if desired.

Tenure

We understand the landlord, subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £72,000 p.a. Exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Personally inspected and highly recommended, must be seen to be fully appreciated

Price

Offers invited to include the new lease, goodwill, fixtures, fittings & furnishings in the region of £250,000 plus stock at valuation
substantial loan to an approved applicant

Location: East Sussex
ref:R7998

Contact

Nationwide Businesses LTD
020 8763 1777 - Tel
020 8763 0727 - Fax
www.nationwidebusinesses.com