“The New Inn and Old House is a wonderful traditional pub which has been run with high standards of food and drink quality.
The area is competitive, so increasing awareness is key to attracting guests and then delivering great hospitality to ensure repeat visits. Making the most of the garden will create a major advantage, as will the vision to exploit the the potential for letting rooms and underused areas of the pub.”
Ian Pearson
Business Development Partner, South West Region
Salisbury is a world renowned city in Wiltshire with a population of approximately 45,000. It is a major local hub with the area’s primary shopping centre and several local visitor attractions such as Stonenhenge, Salisbury Racecourse, Wilton House and the Cathederal, whose infamous spire is visible for many miles.
The city is easily accessible by train and adjacent to the A303, so has good links to both London and the South West. This is a desirable location to live, and with great schools is popular with families. Employment levels are high and the city is packed with bars and restaurants due to the vibrant economy.
The New Inn and Old House Restaurant is one Salisbury’s oldest buildings, dating back to the early 16th Century with an attractive Tudor façade. The pub is famous for having a stunning and spacious garden with wonderful views of Salisbury Cathedral spire, which is a short walk away.
The bar is adjacent to the main entrance of the pub and this area has a mixture of slab/tiled and wooden floor with a mix of traditional seating, benches, and Chesterfield sofas, with two wood burning stoves. Through to the rear of the pub, served by a second bar with attractive raised bench seating, is a games room with wooden clad walls. There is also a main dining area with access through French doors to the garden, and a further dining area perfect for larger groups.
All areas of the pub have great character, with numerous fireplaces, eclectic furniture and cosy nooks and crannies. The pub is served well with two sets of toilets, and a large well-equipped kitchen and cellar ideally located on the ground floor.
The current layout of the domestic accommodation offers huge potential for Business Partner accommodation, staff rooms, and guest letting rooms.
Please note that we have not included letting room income in the financial calculations.
As with so many city centre pubs, the New Inn should trade well throughout the day, week and year as it can pull from several sources of trade.
Daytime should allow for a strong morning coffee trade, a relaxed lunchtime dining offer for shoppers and office workers, and a traditional evening pub offer, with higher energy weekends.
During the summer, the garden draws guests into the pub with its beautiful views, and during the winter, the pub benefits from cosy fires and log burners.
*Trade volumes affected by Covid closures
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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Bath Road, Newbury, Berkshire RG20 8NR
Facilities
41-43 New Street, Salisbury, Wiltshire, SP1 2PH
Facilities
Cranborne, Wimborne, Dorset, BH21 5PP
Facilities
