Sold
Community Pub For Sale In A Great location
Witney, Oxfordshire
- Asking Price: £79,700 +SAV
- Turnover: The business generates an advised turnover of around £293,289 per annum, as per the 2016 accounts, which is a healthy income.
- Tenure: Leasehold
Hilton Smythe is delighted to welcome to the market Swan Hotel. The business was first established in the 18th century. This is a historic village pub with beautiful features. Our client only very recently took over the business in 2015 and is now reluctantly looking to sell the business due to other business commitments. This is a well-established grade II listed pub offering a fine range of cask conditioned real ales, draught ciders, lagers and fine wines. The business has a charming bar and a restaurant that offers an excellent Sunday roast, plus traditional Thai Cuisine from Tuesday to Saturday. There are 5 bright en-suite bedrooms available for letting. The pub also boasts games facilities, a detached function room, live TV sports events, a large beer garden and ample amounts of parking. The business is only tied to beer and FABs - meaning all profits from machines, food, wine, spirits and accommodation and is free of tie. We are members of the SIBA scheme which means freedom of choice of brews off Enterprise’s list and small craft or local breweries. The business currently generates an advised turnover of around £293,289 per annum, as per the 2016 accounts, which is a healthy income. This could be increased further by introducing more live acts and evening entertainment. This is a community pub that receives huge amounts of trade from locals. The location also allows for custom from passing trade. The restaurant side of the business currently offers an extensive Thai menu. This includes delicious dishes such as noodles, curries, rice dishes, soups and much more. This is a twist from the classic menu which is attractive to custom. There are several rooms to let at reasonable prices. Rooms can be booked through the business website www.swaneynsham.net which also promotes events and promotions. This is a great opportunity for a hard-working new owner looking for a successful village pub. Hilton Smythe highly advise early viewing to admire the business at its full potential.
The business is run and managed by our client with the help of 7 part time members of staff.
The business is open- Monday - Saturday: 11am – 11pmSunday: 12pm – 11pm
Swan Hotel is located in the rural village of Eynsham, Witney, Oxfordshire. The pub is situated in the centre of the village on the main high street. There are several independent businesses in the village which have been established for many years. Across the road from the business is a convenience store and a pharmacy. The street on which the business is located has on street parking lining both sides. This is mainly for residents as there are a plethora of houses in this area. This is a great traditional village set in a picturesque location. The area is just a short 20 minute drive away from Oxford. This is an easy commute using the great road connections and public transport links. There is a bus stop directly outside the premise which has regular daily routes. The closest train station is within the neighbouring village Hanborough. The A40 is just a short drive from the premise. This road runs from Cheltenham through to the M40 motorway that heads into London City Centre.
Character building with many original features such as beamed ceilings and fireplaces. Public entrance into the sports bar, wall mounted TV for live sports, timber built servery, display cabinets, storage shelves, Epos cash register, open games room, pool table, dart board and gaming machines. Adjoining Lounge bar with wall mounted TV. Thai Restaurant to accommodate up to 30 covers, served by a fully fitted and extensively equipped commercial kitchen, stainless steel work surfaces, storage units, preparation and washing up area, modern range of appliances, access to adjoining refrigerator and freezer store. Separate well-furnished breakfast room for guests of the B&B. B&B Accommodation- Two family rooms with en-suitesOne double room with en-suiteOne twin room with en-suiteOne single room with en-suite The guest rooms have complimentary facilities including, Freeview tv, Wi-Fi and tea/coffee making facilities e.g. Kettle. On the first floor is a further laundry room and linen store. There is also an owner’s accommodation which includes a lounge, kitchen, double bedroom and bathroom. There is a second floor which has an additional two bedrooms with a shared bathroom. These rooms could be used for the B&B if required. To the rear of the premise is a car park and a large beer garden.
Tenure
We are advised the business is Leasehold.Original lease length: 25 yearsLeft on the lease as of April 2016: 8 yearsRent: £12,200 per quarter The Swan’s lease is an old and rare lease and is protected under the Landlord and Tenant Act - meaning it is automatically renewable at the end of it’s term, with no right of refusal from Enterprise. The current lease for example was extended by 10 years free of charge half way through, this can be seen in the lease documentation. This has all been checked with our lawyers in the last 2 years. These types of lease are very uncommon.
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