• Fair Maintainable Trade* (FMT) Net Turnover: £370k per annum
  • Rent: 10% turnover, base £35K
  • Recent major refurbishment to a high standard
  • Stunning countryside hilltop location
  • Characterful interior with open inglenook fireplace, wooden flooring and beams

We are delighted to present a beautiful picture postcard public house. The Snowdrop is truly a character pub, in fantastic condition after the 2018 refurbishment, looking for the right operator(s) to become the next chapter in what is currently a successful history. The Snowdrop benefits from a public bar and restaurant with a beautiful snug and open inglenook fireplace. A large car park and well maintained outside terrace make the Snowdrop accessible all year around, and especially wonderful on warm sunny days.

 

 

The accommodation comprises three double bedrooms, a living room with a working fire, and a bathroom. You might need to watch your head as the character of the property makes some of the door frames a bit on the low side!

Double bedrooms – 3

Private kitchen – No

Lounge – Yes

Bathrooms – 1

Top Line Figures

  • Rent: 10% net turnover, base £35,000
  • Initial Investment: £30,000
  • Fair Maintainable Trade* (FMT) Turnover: £370,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,200 incl. VAT
  • Change of DPS Fee: £200 incl. VAT
  • Digital Assets Fee: £200 incl. VAT
  • Working Capital: £10,000
  • Fixtures & Fittings: Approx. £40,000 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additonal Information

  • Estimated Wet/Dry Split: 50%/50%
  • Business Rates: £24,500
  • Available From: 01/09/2022
  • Closing Date: 01/08/2022
  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year
  • 84
  • 2170
  • 130
  • 2110
  • Last Year*
  • 77
  • 1750
  • 130
  • 1690
  • 2 Years Previous*
  • 66
  • 1630
  • 100
  • 1420

Trade
Asset 2

The business currently trades approximately 50-50 wet and dry, and has an excellent reputation for food, quality ales, wine and great hospitality. The key trading periods tend to be Thursday through to Sunday, where the majority of the trade occurs. The Snowdrop underwent a major refurbishment in 2018 and has traded strongly since reopening.

*Trade volumes have been affected by Covid-19 lockdown closure periods.


“This is the ideal business for a really high quality couple with a good background in catering and excellent hospitality. Personality and an ability to maintain great relationships with the local community and destination diners are essential for success. The ability to engage with your guests is key to running the Snowdrop.”

Foggy Dessillas

Business Development Partner, South East Region

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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