Free of Tie Pub for Sale with Restaurant
- Asking Price: £68,000
- Turnover: The business reports a healthy turnover in the region of £150,000 including VAT.
- Tenure: Leasehold
Hilton Smythe is delighted to introduce to the market The Plough Inn. This rarely available free of tie quintessential English public house and restaurant was a former coaching house, steeped in history and over 400 years old.
This stone built premise has traditional leaded windows in keeping with this historic village. Legend has it that someone tried to shoot Oliver Cromwell during the English Civil War, only to miss. The evidence of the musket shot is still in the front door to this day. Internally The Plough Inn has oak beams throughout and is full of charm and character, a delightful place to relax and unwind.
The Plough Inn offers a wide range of Oxfordshire real ales and beers, benefiting from being a freehouse, with additional revenue generated from food sales. The bar menu offers traditional bar food such as burgers and pizza, whilst the restaurant menu offers a choice of starters and main courses including grills, pasta dishes, daily specials, and a good selection of tempting desserts with produce sourced locally where possible.
It is currently run as a lifestyle business with no advertising and only opening evenings except for Sunday when roasts are offered. Currently the wet/dry split is 85/15 which we believe offers huge potential to increase the food sales to further turnover. In addition, if opening hours were extended to take advantage of lunch time trade, turnover could easily reach the £250,000 our clients used to take. This opens up the potential to build upon the excellent reputation of the restaurant to make this a true destination venue for dining.
The Plough Inn is very well supported by the local community with lots of repeat trade. In particular to families as there is a fantastic child friendly beer garden.
The business is complete with owner's private accommodation with 3 good sized bedrooms, making this an ideal opportunity for perhaps a family looking for a lifestyle change in this desirable location.
This is a profitable turnkey business just waiting for a new enthusiastic owner to take it to its full potential.
The business is owner run and managed with the assistance of 1 part time member of staff.
The business opens:-
Monday to Saturday 5.00pm to 11.00pm
Sunday 12 noon - 11.00pm
The Plough Inn nestles within the beautifully manicured village of Marsh Gibbon on the Buckinghamshire/Oxfordshire borders.
The business is easily located on Church Street the main thoroughfare though the village. Marsh Gibbon is an expanding village with a population of just over 1,000 around 4 miles from Bicester. It has a highly rated infant and junior school and shop with post office. Although, semi rural the business is readily accessible from the A41 and M40 motorway.
Stunning detached former coaching house briefly comprising:-
Open plan bar/lounge area partially carpeted/partially stone flooring, soft seating, sofas, plus wooden table and chairs. Oak beamed ceiling and leaded windows.
The large bar houses 9 taps, soft drinks, spirits, local beers and ales, ciders and wines. 3 double under counter chillers, till and card payment facility and 2 bean-to-cup coffee machines. Off this is a small games room housing a pool table.
There is a gaming machine and juke box and TV in the bar area.
From the front entrance there are both Ladies and Gentlemen's toilets both recently refurbished.
The Snug is a delightful oak beamed quiet area, carpeted with 400 year old open Inglenook fireplace and feature stone fronted bar with range of drinks.
The restaurant is a large room, well lit and full of character with a beautiful inset Inglenook fireplace and oven. Oak floors, beamed ceiling and table and chairs laid for 36 covers.
The commercial grade kitchen includes 3 door stainless steel plate warmer, 6 gas ring range/oven, 3 microwaves, double fryer, overhead grill, hotplate, extractor system, double sink and drainer, small hand washing sink, ample stainless steel work surfaces, storage, 2 chest freezers, 1tall freezer, 2 tall fridges and dishwasher.
Utility area with washing machine, tumble dryer, dishwasher and storage.
Ground level beer cellar with a Python chiller system and separate ‘real ale’ area automatically held at 12 degrees centigrade housing barrels and stock.
At the rear is a large car park for approximately 25 vehicles. A well maintained grassed seating area with bench style seating plus a large child's adventure play area with climbing frames and slides.
The private owner's accommodation is accessed via the restaurant. On the first floor is the large lounge which is carpeted with leaded windows, double bedroom, bathroom and small office. To the second floor are lovely exposed oak beams and low ceilings as you would expect from a 400 year old building. There is a landing area with a further two double bedrooms.
We are advised leasehold.
The original lease length is 25 years with 24.5 years remaining.
Rent is £21,000 per annum.
Furniture, fixtures and fittings (including juke box and pool table) are included in the asking price.