Award winning pub/restaurant, Lymington Arms, Wembworthy, FOR SALE - 29th April 2010

With a reputation for outstanding bar and restaurant food the Lymington Arms at Wembworthy in Devon is a hidden gem. The business has an enviable all year round trade with a high level of repeat trade. Due to personal circumstances the business is reluctantly for sale, report licensed property specialists Stonesmith of Exeter.

The Lymington Arms is a well established, award winning, country Inn providing locally sourced and freshly produced food, quality ales and wines. It boasts a solid local following, as well as attracting trade from the surrounding area and in the summer months from tourists.

The inn has the advantage of being run by hands on owners, with the assistance of a highly experienced chef and full and part time staff. This has resulted in the business showing an impressive net profit with a trade split of 70% to food sales and 30% to wet sales. Though the business has a few letting rooms these have not been fully marketed in the past few years. The Lymington does though have a web site www.lymingtonarms.co.uk, however, no other formal marketing has been undertaken and many aspects of the trade could be developed, in particular by extending the current opening hours.

The Lymington Arms is an impressive detached country inn dating back to approximately 1800. The property has retained much of its original charm and character despite being extended over the years. It has though been sympathetically upgraded and improved whilst keeping many of the original features.

The property is situated on the outskirts of the village of Wembworthy in the heart of the Devonshire countryside above the River Taw valley and is just two miles from Eggesford train station, with a direct rail link to Exeter and Barnstaple.

The property briefly provides an open plan bar and dining area with 40 plus covers, a separate restaurant with a further 50 covers and a well appointed catering kitchen. The owner’s accommodation provides 3-4 bedrooms with a large lounge and dining room (two of the bedrooms have in the past been used for letting). Externally the property benefits from lawned and terraced trade gardens, parking for 30 plus cars and various useful outbuildings.

Stonesmith believe that The Lymington Arms represents an excellent opportunity for new owners to take over a well regarded inn with a profitable all year round trade, which still offers the potential to develop many aspects of the business. High quality businesses such as this are in short supply and rarely come on to the open market.

A freehold business, Stonesmith are looking for offers off a guide price of £595,000