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  • Fair Maintainable Trade* (FMT) Net Turnover: £630k per annum
  • Historic 16th century inn with traditional features and cosy log fire
  • Town centre location in an affluent market town
  • Stunning local surroundings with a range of nearby attractions
  • Eight comfortable en-suite guest bedrooms

The George has a large, one bedroomed flat with its own lounge, kitchen and bathroom. At present, it is only linked to the rest of the building by electricity and water, however there is provision for a landline telephone link to the rest of the pub and the wiring for a TV aerial.

Double bedrooms – 1

Lounge – 1

Private kitchen – Yes

Bathrooms – 1

Top Line Figures

  • Rent: Turnover rent 8.5%
  • Initial Investment: minimum £30,000
  • Fair Maintainable Trade* (FMT) Turnover: £630,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,200 incl. VAT
  • Change of DPS Fee: £330 incl. VAT
  • Digital Assets Fee: £200 incl. VAT
  • Working Capital: £30,000 Est
  • Fixtures & Fittings: TBC (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry/Accommodation Split: 47%/33%/20%
  • Business Rates: Approx. £11,066
  • Available From: Immediately

Estimated Fair Maintainable Volumes 290HL

Estimated Volumes Split:

  • 247 HL Beer and Cider
  • 2250 Litres Wine
  • 121 Litres Spirits
  • 2000 Litres Soft Drinks & Minerals

The George currently has a seasonal uplift in trade, with the busiest months from March to October, and with the lunchtime trading period attracting the highest volume of guests, particularly from June to the end of September. The guest base tends to be predominantly mature professionals with a good disposable income, looking for high quality food and a drink in relaxed atmosphere. There currently tends to be more couples than families, and more passing trade from visitors than local trade.

 

“We are seeking a well funded community focused Business Partner with bags of personality to drive this beautiful town centre pub with rooms.  We would welcome experienced hospitality operators with lots of fresh ideas who would love to build on this already great business.”

Izzy Hersom

Business Development Partner, South West Region

British Institute of Innkeeping:  https://www.bii.org/

British Beer and Pub Association:  https://beerandpub.com/

Pre-Entry Awareness Training (PEAT):  https://www.bii.org/BII/Industry-Advice/PEAT.aspx

Personal Licence:  https://www.gov.uk/government/publications/personal-licence-application–2

Misrepresentation

* Fair Maintainable Trade (FMT):

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 to rent, 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.

Code of Practice:

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:

The Full Investment Breakdown for each public house is higher than the minimum investment we will accept. This is 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.

Working Capital:

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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