• Fair Maintainable Trade* (FMT) Net Turnover: over £350k per annum
  • Rent: optional fixed or turnover rent, and first year rent negotiable
  • Wet/Dry split: 40%/60%
  • Busy roadside location on the A31
  • New fully equipped outside catering bar and landscaped rear garden
  • Recently fully refurbished to a superb standard
  • Focal part of the village community, with biggest competitor closed indefinitely

 

 

The private accommodation is large and well maintained, comprising two bedrooms, a kitchen, an extensive lounge, a bathroom and office.

Bedrooms – 2

Private kitchen – Yes

Lounge – Yes

Office – Yes

Bathrooms – 1

Top Line Figures

  • Rent: £42,000 per annum or 10% of turnover, but first year rent negotiable
  • Initial Investment: £25,000
  • Fair Maintainable Trade* (FMT) Turnover: £370,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,000 plus VAT
  • Working Capital: £10,000
  • Fixtures & Fittings: £55,000 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry Split: 40%/60%
  • Business Rates: Nil payable until April 2021
  • Available From: TBA
  • Closing Date: TBC
  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year*
  • 78
  • 1140
  • 80
  • 3100
  • Last Year
  • 48
  • 810
  • 50
  • 1430
  • 2 Years Previous
  • 46
  • 886
  • 32
  • 1616

Trade
Asset 2

The trade comes from a variety of places but the key market at lunchtime is passing trade from guests travelling on the busy A31, and during the evening there are many more local guests. During the summer, the trade increases significantly by visitors travelling to and from their holiday destinations.

*Trade volumes are up until February 2020, and do not include the Covid-19 lockdown period.


“This pub would suit a couple with the desire to run a traditional community pub with a strong food offer, and also with the ability to cope with the high demand of the summer season.  A catering background or experience would be an advantage in order to maintain and grow the already well established food reputation. Successful applicants will have a knowledge of how to run a high volume site, and have a desire to build community strength.”

Nick Sellick

Business Development Partner, South West Region

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 Business Development Partner 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.

Asset 2

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