Price changed to £415,000
June 4, 2025
Listed for £450,000
February 28, 2025
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EXTERNAL
Attractive enclosed TRADE GARDEN with direct access to the main entrance which is on the side of the property. This area is PART PATIOED and has part Astroturf base and rattan garden seating for 30 customers. Enclosed lawned PRIVATE GARDEN AREA to the rear. Lined tarmacadamed CAR PARK with space for 26 vehicles.
Our clients have operated the Sun & Slipper since 1994 and the property is now on the market as they wish to retire. During their 30+ years of ownership, they have established an enviable reputation at the Sun & Slipper, but would probably admit that over recent years it has not been promoted as highly as it should have been. Indeed, the property is closed after Sunday lunch service until Wednesday, and the first floor restaurant/function room is not currently in use despite being extremely well appointed and ready to operate.
Accounts for the year ending October 2023 show takings net of VAT of £214,383 and a gross profit of 67%.
Prospective purchasers will see the undoubted potential to develop this trade further with a full extension of the trading hours and possibly executing the planning permission to construct the letting bedrooms.
PLANNING PERMISSION
Our clients obtained planning permission in February 2022 for an extension to the property creating new toilets, kitchen, extension to the restaurant and, at first floor, seven en suite letting bedrooms.
FREEHOLD £450,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.