• Fair Maintainable Trade* (FMT) Net Turnover: £341,339 per annum
  • Rent:  Projected Rent of £32,000 per annum
  • Initial Investment: Min. £20,000
  • Wet/Dry split: 47%/38% with 15% accommodation
  • Charming, characterful pub, trading as a pub since 1865
  • Attracts loyal local regulars and summer holiday makers

The pub building dates back to the 15th Century, with real log fires and superb characterful features.  Recently refurbished, the pub combines a traditional ambience with modern equipment and facilities.  Internally, there are many linked guest areas with a central bar servery and the pub enjoys a thriving trade in the locals bar. To the rear of the pub is a large car park leading onto an enclosed patio garden, which features the 4 bedroom letting block.  The cellar, fully equipped trade kitchen and toilet facilities are all situated on the ground floor.

The trade is an eclectic mix of locals, ramblers, destination foodies and staying guests and the ideal applicant therefore needs to be comfortable with the varying demands of the different clientele.  Catering experience would be a distinct advantage and ideal applicants would include chefs and restaurateurs, traditional publicans and current managers or tenants.

The domestic accommodation comprises 3 spacious bedrooms, dining room, large lounge, kitchen, bathroom and office.  It is accessed from within the pub but not through the guest areas.

Top Line Figures

  • Rent: 10% of Net Turnover, with Base Rent of £30k per annum, Capped at £50k per annum
  • Initial Investment: Minimum £20,000
  • Fair Maintainable Trade* (FMT) Turnover: £341,339 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £750
  • Working Capital: £5,000
  • Fixtures & Fittings: Valued at just over £24k in 2016.  (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry Split: 47%/38% with 15% Accommodation
  • Business Rates: £17,250 per annum
  • Available From: 28/08/19
  • Closing Date: 30/06/19
  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year
  • 106
  • 930
  • 100
  • 1210
  • Last Year
  • 121
  • 1000
  • 50
  • 1330
  • 2 Years Previous
  • 116
  • 850
  • 120
  • 1380

Trade
Asset 2

This pub is a destination food-led village pub, popular in the evenings and at weekends.  It has a good local following from guests who visit on a regular basis.  It also attracts ramblers and summer holiday makers on short breaks.  The pub offers traditional, quality home cooked dishes, as well as a wide variety of wines, beers, ciders and soft drinks, including several ales from the award winning Badger beer range.


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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