• Fair Maintainable Trade* (FMT) Net Turnover: over £350k per annum
  • Rent: £40k per annum, but first year rent negotiable
  • Wet/Dry split: 55%/45%
  • High levels of passing trade
  • Adaptable to different operating styles
  • Historic building, full of character
  • Popular, picturesque location and an exclusive residential area
  • Extensive and superior private accommodation

The White Hart is an attractive period yellow stone property, situated in a prime position at the top end of Sherborne’s town centre high street. The guest area is divided into five interconnecting sections, including a raised area and an intimate dining area. The pub features characterful exposed stonework, beams and timbers and a mixture of floor surfaces including slate flagstones and carpet. Recently refurbished, there is a high standard of decoration throughout. The kitchen and cellar are both conveniently located on the ground floor, leading off from the trading areas. The White Hart’s central high street location means there is no car park or trade garden, but its compact character helps to control costs and this eclectic pub can work well with a variety of different trading models.

The pub has successfully traded for the past few years as a live music and late night venue, opening until 1:30am on Friday and Saturday nights. Following the Coronavirus outbreak this is no longer a viable business model for this pub, so it needs to return to a more quality food led business. The White Hart would respond well to an imaginative, quirky dining experience that would capture the imagination of locals and day visitors alike. Applicants with entrepreneurial flair and good vision will have an advantage when applying for this business opportunity, so we will welcome applications from chefs and restaurateurs, career changers, entrepreneurs and existing managers and tenants.

The private accommodation is extensive, comprising four bedrooms, one of which has a superior en-suite bathroom with two wash basins, corner bath and tiled shower cubicle. There is a lounge/diner comprising two large interconnecting rooms with beamed ceilings. Adjacent to this room is a domestic kitchen and a main bathroom.

Top Line Figures

  • Rent: £40,000 per annum, but first year rent negotiable
  • Initial Investment: £20,000
  • Fair Maintainable Trade* (FMT) Turnover: £380,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,000 plus VAT
  • Working Capital: £5,000
  • Fixtures & Fittings: £30,000 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry Split: 55%/45%
  • Business Rates: Nil payable until April 2021
  • Available From: 22/07/2021
  • Closing Date: 31/12/2020
  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year*
  • 157
  • 1010
  • 440
  • 1930
  • Last Year
  • 164
  • 1090
  • 530
  • 2200
  • 2 Years Previous
  • 164
  • 970
  • 630
  • 1780

Trade
Asset 2

The White Hart is a quality traditional pub that should enjoy a healthy lunchtime, evening and weekend food business. It is popular with shoppers, the business sector and all age groups who visit the pub at different times for different occasions.

*Trade volumes are up until February 2020, and do not include the Covid-19 lockdown period.


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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