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Caterer, Licensee & Hotelier

Property and Professional

March 2017

The Laughing Monk, Strete on the Market

AWARD WINNING property agents Bettesworths are offering a fabulous opportunity to acquire a beautifully presented restaurant with superb self contained owners accommodation within an area of outstanding natural beauty. The Laughing Monk, in Strete in the South Hams, is being offered at an asking price of £625,000 freehold as a ‘home and income property’. This sympathetically restored and successful business is located in the pretty village of Strete, on the main road between Dartmouth and Kingsbridge on the most beautiful Devon coastline. Both beaches of Slapton Sands and Blackpool Sands are only 1 mile away and Dartmoor National park is only a 30 minute drive making this location not just a picturesque place to stay but also an ideal base from which to explore the beautiful South West Coast and Countryside. The Laughing Monk Restaurant is housed in the former village school which dates back to 1839. This superb building,

which retains many of its original features, also has the benefit of separate superior 3 bedroom owner’s accommodation with fantastic panoramic views out to sea. To the side of the accommodation runs an elevated decked terrace on which to enjoy the beautiful surroundings and views. Trade comes from a far reaching catchment area and swells during the summer months when the many campsites, hotels and holiday cottages are full with visitors. The restaurant is operated by a Husband and Wife team assisted by a 2nd chef and pot washer and 2 part time front of house staff members. During the summer seasonal staff are also taken on. Although the business is trading successfully, the next proprietor has huge scope to increase the trading times to 7 days a week during the summer season and to include lunches. Although the Laughing Monk has built up a fantastic reputation and strong local following, the beauty of the location and the layout of the premises would lend themselves to a variety of catering uses. For further information please contact Genevieve Stringer on 01803 212021 or email genevieve@bettesworths.co.uk

The Clements, Aston, Birmingham on the Market THE CLEMENTS is located in in the suburb of Aston only 10 minutes’ walk away from the centre of the city of Birmingham in the West Midlands. Aston boasts one of four universities located in Birmingham and this property is positioned an equidistant 15-minute walk from both Aston Villa and Birmingham City football clubs.

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This popular inn is of brick construction with a wooden facade and sits under a flat roof on the main A34 bus route into Birmingham city centre. A small entrance porch to the front provides access to all the trading areas. These consist of: Bar (circa 36+ plus standing) has a solid oak floor, central pool table and a well stocked bar server of wood construction. A Hammer organ also sits quietly in the corner waiting to be played. In the corridor outside the bar is a hot deck carvery that provides delicious food on a Sunday lunchtime. Corridor links to: Lounge (circa 50+ plus standing) with carpeted floor, 2 large wall mounted HDTV’s either side and a bar server of wood construction. There is a partially equipped Commercial Catering Kitchen with stain-

less steel appliances (appliances not tested). This is currently only used on a Sunday however provides great opportunity for the introduction of a traditional basic food offer to the business. Below ground floor beer Cellar with python, remote and plenty of storage space. There is no owner’s accommodation and this business is a lock up. There is however a 1 room bedsit with toilet and shower room. To the rear of the property is a good sized enclosed al fresco Garden Area (circa 50+ plus standing) with an attractive flowering Fallopia Russian vine, a raised covered decked area/smoking solution and an astro turf covered lower section with attractive surrounding décor, hanging baskets and a large graffiti mural. There is no car park for this business however there is layby parking directly outside the front door and Prichard Street to the rear provides plenty of free parking throughout the weekend. Price: £35,000. Tenure: Free of tie Lease. Rent (if applicable): £18,000. Landlord (if applicable): Private / Freeholder. Turnover (annual): circa £216,000 (inc VAT) to October 2016. Wet : Dry split: 100% Wet. Contact the agent, Guy Simmonds, on 01332 865112.

Thinking of selling? Regional Specialists National Exposure

W! NE

PRICE: £120,000

W! NE

PRICE: £275,000

• Exceptional restaurant with stunning panoramic countryside views • Main trade area with seating for 80 • Well equipped & spacious commercial kitchen • Large garden accommodating 100+ • Large catchment area including Falmouth & Helston

HELSTON, CORNWALL

LEASEHOLD

REF: 2668

OKEHAMPTON, DEVON

• Substantial Country Pub off the A30 & on the edge of Dartmoor • Sizeable open plan trading area for 60 covers plus • 5 very well presented en suite letting rooms • One bedroom owners’ accommodation • New double glazed UPVC windows throughout - priced to sell

FREEHOLD

REF: 2704

ASHBURTON, DEVON

• Five bedroom town house/B&B in thriving town • Accommodation arranged over 3 floors • 4 Spectacular en-suite Bedrooms • Ground floor kitchen, dining room, bedroom & shower room • Fabulous opportunity to acquire a hugely versatile property

W! NE

PRICE: £375,000

FREEHOLD

LEASEHOLD

PRICE: £325,000

DAWLISH, DEVON

• Licensed home and income premises located in Dawlish • Popular cafe/coffee shop with outside seating • Main trade area seating 34 and commercial kitchen • Self- Contained 2 double bedroom apartment- (currently let on an AST) • Scope to increase trading hours to include evenings

FREEHOLD

REF: 2662

REF: 2701

REF: 2691

BEAMINSTER, DORSET

• Rare opportunity to purchase a substantial freehold property • Recently undergone a complete refurbishment • 10 superior, brand new en suite letting rooms • Character bar, restaurant, function rooms with log fires • Fully equipped commercial kitchen and large conference room

NR SHEPTON MALLET, DORSET

W! NE

REF: 7871L

TORQUAY, DEVON

• Prominently sited, pretty roadside freehouse with frontage to A37 • Traditional main bar with open fire, 2 double letting rooms • Attractive restaurant with up to 40 covers (Converts to skittle alley) • Private 3 bedroom owners accom, lawned beer garden • Very profitable husband & wife partnership business

PRICE: OFFERS IN THE REGION OF £300,000 FREEHOLD REF 2456

CAMBRIDGESHIRE OFFERS OVER £60,000 F-O-T LEASEHOLD

• Completely refurbished, vibrant licensed cafe/bistro/bar • In the heart of the cosmopolitan village of Wellswood • Superb open plan trading area with 60 plus covers • Operating limited hours with scope to extend trading hours • T/O £350,000 pa with very strong Net Profit

W! NE

PRICE: £150,000

BUSINESS OF THE MONTH

PRICE: £650,000

FREEHOLD

• Sympathetically refurbished and beautifully presented restaurant • Stunning South Hams location close to award winning beaches • Spacious customer seating for circa 45 • Superior 3 Double bedroom accommodation with sea views & terrace • Fabulous opportunity to acquire a successful home and income business

STRETE, DEVON

W! NE

PRICE: £625,000

REF 2688

FREEHOLD

01803 212021 www.bettesworths.co.uk

REF: 2645

POPULAR AND WELL ESTABLISHED TRADITIONAL FREE OF TIE LEASEHOLD INN AND RESTAURANT WITH LETTING ACCOMMODATION IN THE FAMOUS VILLAGE OF STILTON

www.guysimmonds.co.uk Tel: 01332 865112 email: sales@guysimmonds.co.uk Also featured on www.pubsforsale.co.uk

CLH News #198 March 2017  

Issue #198 of CLH News - the leading monthly trade publication for the independent hotel, pub and restaurant sector of the hospitality indus...

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