- Beautifully restored stone farmhouse
- Unique retail park position and easily accessed from the M5
- Strong food reputation
- Attractive beer garden
- First floor event space
- FMT £650K pa
- Premium fully equipped kitchen
- Extensive private accommodation
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 Hankridge Arms sits in the middle of the thriving Hankridge Retail Park and serves a variety of shoppers and business personnel based in the significant number of offices in the immediate area.
The pub is surrounded by the national retail giants of Sainsbury’s, Halfords, PC World, Costa, The Range and many others. At the other end of the retail park is a multiplex cinema, ten pin bowling, B&Q, McDonalds, and a Travelodge. Across the road from the retail park is a business park containing many professional offices, a Premier Inn and a Harvester restaurant. All of this is situated just off Junction 25 of the M5, and less than 10 minutes drive from the centre of Taunton.
The private accommodation is spacious and well maintained, with a minimum of 2 bedrooms plus a separate lounge, kitchen, bathroom and office.
Bedrooms – 3
Private kitchen – Yes
Lounge – 1
Bathroom – 1
Office – 1
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.
“The ideal applicants will be experienced operators able to demonstrate the ability to run a multi-faceted business serving a wide cross-section of guests. We’re looking for Business Partners who will be able to market the business effectively, and promote the pub and its offer to the thousands of retail park visitors.
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).”
Izzy Hersom
Business Development Partner
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
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.
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. 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.
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.
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Hankridge Way, Riverside, Taunton, Somerset, TA1 2LR
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