Recently transferred from management, the Barn Owl is a renowned Devon pub boasting a good reputation and a long history. The interior is stunning and needs to be viewed to be appreciated. Recent changes to the road structure around the pub has opened new opportunities to reposition the business as a quality food destination outlet and to offer a minimum of 6 letting rooms through an ambitious scheme the Brewery is keen to undertake with a proven operator.

The Barn Owl’s trade is consistent across every session and increases during the summer months following the significant influx of tourists into the area. The menu offers quality pub food and the outlet attracts significant large party bookings.

This is a significant food driven house and a premier Hall and Woodhouse tenanted opportunity. The successful applicants will be able to demonstrate a catering background and a willingness to develop this within the Barn Owl business. Knowledge of a seasonal business would be a distinct advantage as would previous experience locally.

  • Rent: £49,500* pa
  • Ingoing’s: £25,000 minimum
  • Fair Maintainable Turnover: £600,000* per annum
  • Business Rates Payable: £33,752
  • Full Investment Breakdown† :
    • Deposit: £7,500
    • Training Fee: £780
    • Working Capital: £5,000
    • Fixtures and Fittings: circa £50,000
  • Estimated Wet to Dry Split: 33% Wet / 67% Dry
  • Available Date: 20/08/2018
  • Closing Date: 31/07/2018        

 

 

 

Domestic accommodation is extensive and flexible and can be discussed with interested applicants in line with the proposed scheme mentioned below.

This property currently has no letting rooms, although a scheme to provide some has been designed and would ideally take place following the appointment of a suitable Business Partner/s.

Misrepresentation

*Fair Maintainable Trade (FMT) is the level of turnover and profit that we believe that the business is capable of delivering if being operated competently. The FMT is usually calculated by the Area Manager for the pub, who will produce a shadow profit and loss account for the business which supports the rent. A copy of the shadow profit and loss account will be provided during the recruitment process. Please see our Code of Practice for more information on FMT and rent. The Fair Maintainable Trade is not a guarantee of levels of trade or profit that will be made from the business – we strongly recommend you seek appropriate independent legal and business advice as part of your Business Plan.

† The Full Investment Breakdown for each public house is higher than the minimum investment we will accept because potential Business Partners with the minimum investment available can still be accepted as we are able to offer them financial support for the rest of the monies. The working capital incorporates the purchase of stock, glassware, loose catering effects and valuer fees – please note the number quoted on this website are based on estimates. The exact costs will be determined on the day you take on the public house by independent valuers and stock takers. Please see our Code of Practice for more information about investment.