• Projected rent – £36,000 per annum
  • Fair Maintainable Trade (FMT) turnover – £330,000 per annum
  • Estimated Split: 50% wet/ 35% dry/ 15% accommodation
  • Trading as a pub since 1865
  • Great Locals bar

Map

The building dates back to the 15th century, with real log fires and superb character features. Recently refurbished, the pub combines old world feel with modern equipment and facilities. Internally there are many linked customer 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 on to an enclosed patio that includes the four 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 visitors using the letting rooms and the ideal applicant therefore needs to be comfortable with the varying demands of the different clientele. Catering experience would be a distinct advantage.

There are four nicely furnished letting rooms in a separate accommodation block to the pub with two on the ground floor and two on the first floor. All the rooms are doubles or twins will full en-suite facilities.

The domestic accommodation comprises three good sized bedrooms, a dining room, a large lounge, a kitchen, bathroom and an office. It is accessed from within the pub but not through the customer areas

Top Line Figures

  • Rent*: £36,000
  • Initial Investment: £20,000
  • Fair Maintainable Turnover: £330,000

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £780
  • Working Capital: £5,000
  • Fixtures & Fittings: Valued in 2016 at just over £24,000 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Split: wet 50%/ dry 35% / accommodation 15%
  • Available From: 01/07/18
  • Application Closing Date: 30/06/18

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 Area Manager 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.

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