The Thatched Tavern is a charming chocolate-box pub finished to a high standard. The pub boasts several large dining areas which provide over 100 covers; the award winning terraced garden offers a further 40+ covers.

The Thatched Tavern would benefit from an enthusiastic operator/s with a strong catering background, ideally with experience of running seasonal outlets. The pub has an excellent social media presence and is well established in the local community, therefore the ingoing operator should be literate in digital marketing.

The Thatched Tavern offers a wide variety of wines, beers, ciders and soft drinks including several ales from the award winning Badger range. Historically the pub has a good reputation as a welcoming destination food-led business. Currently the food offer caters for the grey-pound with a mixed all-day trade during the summer. There is an opportunity to expand on this offer given the right operator.

 

  • Rent: £35,000*
  • Ingoing’s: A minimum investment of £30,000 will be required
  • Deposit: £7,500
  • Training fee: £780
  • Working capital: TBC
  • Fixtures and Fittings: Loan facilities are available for the purchase of the fixtures and fittings
  • Fair Maintainable Turnover: in excess of £300k net
  • Estimated wet to dry split: 35% wet; 60% dry, 5% accommodation
  • Available date: 12/03/2018
  • Closing date: 12/03/2018

This property offers two quality letting rooms situated above the pub with full en-suite facilities. These rooms are especially sought after by holiday-goers during the summer months. In addition, there is private accommodation in the form of a static home in the grounds at the back of the pub. This well-presented static home consists of a double bedroom, kitchen, lounge and bath/shower room.

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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