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Victoria Place Axminster EX13 5DW
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A chance to purchase a 10 letting bedroom hotel, (all en-suite), with a good sized function room, restaurant and busy lounge bar trade situated in the ancient historic market town of Axminster.
Brand New Lease - F&F plus Setup Costs.
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VIEWING BY APPOINTMENT ONLY
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The George Hotel
Location
Axminster is an ancient market town situated in east Devon on the border of Dorset. This is an area of natural outstanding beauty and is only a short driving distance from the famous Jurassic Coast. Its origins date back to Celtic times, about 300BC but is probably more famous for being the home of the Axminster carpet which originated in the town in 1775. The town is located just off the A35 approximately half way between Dorchester and Exeter. The George is situated in a prominent position in the town centre with a large car park to the rear.
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TRADING AREAS:
Main Bar/Lounge The main bar area is large and comfortable with a substantial, well stocked bar and back fitting that houses a good range of products and bottle cooling. Large screen television, darts, and pool.
Restaurant This pleasant restaurant with its wooden beams is situated in a separate area away from the lounge with its own entrance. With up to 30 covers this part of the operation has not been exploited to its true potential.
Function Room This function room is unique with its ornate ceiling, listed fireplace and a spectators gallery it can also be used as a theatre. There is a stage area and bar servery and can accommodate up to 85 people.
Bedrooms There are 10 letting bedrooms all in good order with en-suite facilities.
Kitchen A good commercial kitchen supports this business and is situated between the lounge bar and restaurant.
Cellar Good sized underground cellar with further storage space.
External Area Large car park that can also be used as a trading area and is able to support a smoking area if the proposed smoking legislation takes effect.
Private The owners accommodation is not currently used. It is made up of 3 bedrooms, a lounge and 2 smaller rooms.
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CURRENT TRADE:Supplied non audited accounts show high sales at £347,000 for year ending April 06
Gross Profit Margin 62.7% .
VIEWING: STRICTLY VIA The Pubshop Ltd
ESTIMATED INGOING:
Brand New Lease - F&F Plus Setup costs
TYPE OF AGREEMENT:
Reviewed every five years. Barrelage discounts are available. Free of tie wines, spirits, soft drinks and other products.
Summary
This business set in a commanding position in the town centre in one of the most attractive areas in the country has even more potential to grow through fully utilising its assets. With a lounge bar trade, function room with other possibilities, restaurant, letting bedrooms and a car park this business has a great deal to recommend it. The supplied accounts show a good level of sales and profit.
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FURTHER INFORMATION:
Personal Licence Training can be supplied by our sister Company The Pubshop Training School Ltd. They offer the GQAL Level 2 National Certificate for Personal Licence Holders (NCPLH) across the UK. They can offer tutor led courses and their Express Home Study course. Examinations can be taken at many venues. They can also be contacted on 01305 786639 or visit their website: www.pubshoptrainingschool.co.uk
The Pubshop Ltd's Licensing Division caters for licensing applications for the Licensing Act 2003.
Please note that you will require the services of a solicitor for the assignment.
All representations made to this Agency from the 'landlord', including all financial considerations, premises, agreements and discounts etc are passed on to the Applicant, with the discretion of the Agent, but no guarantees of accuracy or descriptions of whatever nature are made between the applicant and the Agency.
These particulars are for general outline purposes and do not constitute any part of an offer or contract. No responsibility is taken for any other error, omission or mis-statement in the particulars during negotiations or otherwise or representation or warranty whatever, in relation to the property.
MISREPRESENTATION ACT 1967. PROPERTY MISDESCRIPTIONS ACT 1991. These particulars are provided only as a general outline of the property referred to. Applicants should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above.
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The Pubshop Ltd
A Partnership For Success
The Licensed Trade Services Provider
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Training, Recruitment, Licensing and General Services UK and European Appointments . Permanent . Temporary . Relief . Tenancies Franchises . Freehouses . Leases . Managerial . Executive Catering and Licensed Trade General Staff
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