• Fair Maintainable Trade* (FMT) Net Turnover: £600k per annum
  • Rent: circa £65k per annum
  • Wet/Dry split: 25%/75%
  • Beautifully restored stone farmhouse
  • Strong food reputation giving net turnover in excess of £650k p.a
  • Easily accessed off the M5
  • Separate first floor function room

The Hankridge has been lovingly restored from a dilapidated old farmhouse in the 1990’s and the guest area divides into two parts; the characterful bar area with a large original fireplace and seating for 30-40 guests, and the restaurant area which contains many historic features and can seat 40-50. There is a premium fully equipped catering kitchen and a large cellar all on the ground floor. Upstairs is a separately accessed function room and spacious private accommodation. The business is well known in the area, having gained a great reputation for food, so the ideal applicant will be able to demonstrate the ability to work with a premium site and the desire to capitalise and expand upon an already busy offer.

The ideal applicants will be able to demonstrate the ability to run a multi-faceted business serving a wide cross-section of guests. They will be able to market the business effectively, and alert the thousands of retail park visitors to the Hankridge Arms and its offer. Energy and drive will be major qualities required in running this business, which has the opportunity to trade from breakfast (the Travelodge next door is without a breakfast offer), through the day (for shoppers and business people) and on to late dinners (as there is a cinema and bowling alley in the retail park). We are looking for applicants who are existing managers or tenants, chefs or restaurateurs, or entrepreneurs.

The private accommodation is spacious and well maintained, with 3 bedrooms plus a separate lounge, kitchen, bathroom and office.

Top Line Figures

  • Rent: circa £65,000 per annum
  • Initial Investment: £30,000
  • Fair Maintainable Trade* (FMT) Turnover: £600,000 net. per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,000 plus VAT
  • Working Capital: £5,000
  • Fixtures & Fittings: circa £40,000 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry Split: 25%/75%
  • Business Rates: N/A
  • Available From: Immediately
  • Closing Date: 31/08/2020
  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year
  • 82
  • 2100
  • 20
  • 2940
  • Last Year
  • 93
  • 180
  • 20
  • 400
  • 2 Years Previous
  • 102
  • 267
  • 0
  • 0

Trade
Asset 2

The current business model unusually demonstrates that weekday lunchtimes are some of the busiest sessions of the week, reflecting the Hankridge’s unique location. The operation caters to a genuinely eclectic mixture of guests.


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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