Westcountry: Commercial Business Agents

Thursday 4th October 2007 10:00

Country House Hotel, Somerset

£1,750,000 Freehold
Country House Hotel Owned For 22 Years Set in 8 Acres, Conservatory Restaurant, Bar and Lounge, Sun Lounge High Turnover Business With Good Profits, Regular Trade With 21 Rooms & Function Suite, Civil Ceremonies License, Very Close M5 For Good Access, Vast Potential To Grow Into Corporate Business, Contempory Three Bedroom Owners / Managers Apartment Plus Gardens, Large Car Park, Set Against Beautiful Natural Somerset Landmark, Exclusive Sole Agents.

 

The Ridgeway Inn and Restaurant Smallridge Axminster Devon

 

£1,400,000 Freehold
Beautiful Village Inn and Hotel of Immense Character,Totally Upgraded and Refurbished this past year, Four Quality Superior En-Suite Letting Bedrooms, Dining Room seating Approx 24 Covers, Rafters Restaurant seating 50 with Option for Skittles and Functions, Handmade Curved Oak Bar and Seating for Approx 30, Totally Upgraded Kitchens Designed Around The Chef ,Gardens and Grounds in Total Approx 2.5 acres, Separate Superior Two Bedroom Cottage and Gardens (Included)
Large Separate Car Park for 20+ cars, Small Chapel (Included).
W459

Situation
The Ridgeway Inn is situated in the picturesque village of Smallridge, approx 3miles north of the busy Devon town of Axminster. The village has a busy school and community centre. Axminster itself is situated on the River Axe, the small town is famous for its Axminster Carpets, invented by Thomas Whitty in 1775, a design similar to Turkish Carpets. Caster Hill House, where the carpets were originally produced can still be seen. The church has a Norman door and a Jacobean pulpit. The town is Half Day Closing on Wednesdays and has a busy market on Thursdays with the cattle markets and open street market, making Axminster a busy all year round destination town. Nearby is the village of Colyton 4.5 miles with its winding streets and 600 year old bridge, at one point the most violent village in the uk, but that was four hundred years ago. The seaside resort of Lyme Regis 5 miles, and the town of Bridport is only 11 miles away.

The Property

The Ridgeway inn was built in the mid eighteenth century and was formerly three cottages, the cottage nearest to the chapel became a cider house and was granted a license as a pub in 1902. Over time the inn has evolved into the stunning property it is today. The building is of brick and stone under a slate roof and is in extremely good condition having largely been totally upgraded and extended over this past year. The interior is light and airy with lovely pastel colors, blond oak and fresh new carpets throughout, and wooden floors. 

Trading Premesis 

Bar
From the car park you enter up a sloped path into the bar area with the reception desk to your left and the beautiful curved bar in front of you. The bar has a blond oak top fitted with stainless beer taps and real ale pumps. The back bar is fitted with open shelving and wine displays and spirit optics. The bar area is open plan and spacious, it has a central fireplace with a log burner installed, scrubbed tables and chairs and to one end leather sofas arranged around a second log burner. There are large windows that flood the bar with light and look out across the gardens and walled patio area. Through to:

Dining room
A large open room with high ceilings and laid for approx 24 diners. The restaurant has large tables and high leather backed chairs, a central log burner surrounded by sofa and barrel chairs.



Snug Area

This is a delightful quiet area with seating for six to eight diners, log burner, stone floor.

Ladies and Gents Toilets
All new and fitted to a very high standard, white sanitary ware, tiled walls.

Large open staircase local handcrafted blonde oak leading to: 

Rafters Restaurant 
This first floor restaurant is simply stunning with open beams throughout and laid for approx 50 diners. The restaurant has sofas placed at different points and a skittle alley that can be erected for parties and functions.

Ladies and Gents Toilets
All new toilets with stylish fittings white sanitary ware 

Hallway and glazed stairwell leading to: 

Bedroom One 
The Cherry Room is sumptuous and decorated in late Victorian bohemian style. This room has bespoke bedroom furniture made in solid cherry wood, a large double bed and a stunning freestanding en-suite bathroom, freestanding roll top bath with rain shower over.

Bedroom Two
The Ash room is a stylish contemporary room in neutral colors throughout, with solid handmade Ash Wood furniture and the en-suite bathroom has a shower over a contemporary stylish suite.

Bedroom Three
The Beech Room has been designed in a modern stylish theme with a hint of country classic, it has a beautiful king size bed and views over the valley to Hawkchurch beyond. The en-suite bathroom is cosy and warm with a large bath with shower over and features the original fireplace. All furniture is bespoke solid Beech Wood.



Bedroom Four
The Oak Room has triple windows allowing light to flood the room, all the bedroom furniture is bespoke ebony oak. The room has a wall mounted fire, gorgeous king size bed and leather chairs and sofa. The large en-suite bathroom has black slate floor, ebony furniture, twin sinks and stunning roll top bath with separate rain shower. Hints of red and chrome throughout give this room a 1930.s feel.

All rooms feature Flat Screen Televisions, Compact Disc Stereos and Direct Dial Phones. The Inn is fitted with a modern Fire and Burglar Alarm System.
 
Kitchens and Storerooms
Situated off the bar and restaurant, the kitchens are new and housed in a new extension to give maximum room for a full compliment of staff. With six ring burner, bain marie, dish wash area, two double sinks for veg prep, extraction hood, convection oven, fridges and freezers, chilled under cupboards, breakfast prep area, Through to:
Hallway with dry store, and small cellar with wine store, also a cleaning cupboard. 

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The Chapel 
To the side of the Inn is the old village chapel, purchased by our vendors and with the right permissions could make a stunning holiday let, or more letting accommodation.

Outside
The walled garden is just over a small quiet road and offers views across the valley and beyond, the gardens drop away to allow for more quiet seating areas dotted around and down to a (1 acre
approx) paddock below.

Owners Accommodation
Across the road and quite separate from the Inn lies the beautiful two bedroom owners cottage, until recently this was a store shed and the building has been lovingly restored to provide a stunning cosy home with two large bedrooms, family bathroom, lovely fitted kitchen and downstairs shower room and toilet. The cottage enjoys it.s own garden with vegetable boxes and some mature plants allowing for lots of privacy from the car park next door.

Paddock

The Business
The Ridgeway is open for business both lunchtime and evening and is totally food led with a local following as well as further afield. The business caters for a cross mix of customers from locals to holiday makers and local business people from the nearby towns. The business would suit an experienced high grade operator to continue the
good work already started by our Vendors and to promote and grow the food trade and new letting accommodation.

Trading Figures
We are advised by our Vendors that turnover to March 2007 reached £241,000 Net, with a net profit of £52,300, this was during a busy refurbishment of the Business, it is also advised that turnover this year will hit £350,000 Net of VAT.

Staff
Run by full-time proprietors with one full-time staff and part time staff.

Licenses
A full premises license is in place.

Fixtures and Fittings

A full inventory will be prepared upon completion 

Tenure
Freehold REF WG459

Price
£1,400,000 For Inn & Hotel, Chapel, Vendors House, Paddock, Fixtures & Goodwill.

Viewing 
For all viewing arrangements please contact Steve Tickner or Lisa Gilbert at Westcountry Commercial Business Agents on 01363 77 55 00 during office hours Monday to Friday 9am . 5pm. Under no circumstances should any approach be made to the vendor or the vendor.s staff, as the proposed sale of business is highly confidential. If you are travelling a great distance please contact the office to confirm availability of this business.

Mortages . Investments
For Specialist Advice on arranging funding for businesses we recommend Martin Hyde of City Business Loans, Exeter. Telephone 01392 332 888 or e-mail sales@citybusinessloans.com. Please indicate your interest is from Westcountry Commercial Business Agents for a favoured service. Westcountry Commercial Business Agents give notice that these details are prepared and produced in good faith and set out as a general guideline and do not constitute any part of a legally binding contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchases or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
© Copyright 2007 Westcountry Commercial Business Agents. Part of the Cleverdon Group. All rights reserved.


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