Print - Hall & Woodhouse Business Partnerships

Sweet Home Inn

25 Ringwood Road, Poole, Dorset, BH14 0RF

The Sweet Home Inn is a traditional characterful pub. It has a large garden and is in a prominent location. It is a key Business Partnership pub in the South of Dorset.

External red brick wall with Sweet Home Inn writing

Meet the Pub's Business Development Partner.....

“The Sweet Home is very much a community pub where a friendly welcome and consistency of offer and quality are key.

The pub is ideally located on a prominent road close to Poole Town Centre and can further improve the kerbside appeal to attract new customers in addition to the loyal regulars.

The House has a great reputation for sports and events and is well equipped to develop a strong food trade to sit alongside this.

In summary this is a great pub to let.”

Ian Pearson

Business Development Partner, South West Region

Location - Poole

The Sweet Home is situated in the Parkstone area of Poole and and is surrounded primarily by residential properties with many thousands of neighbours within a 5 minute walk.

The pub itself has strong curbside appeal and is a focal point for the area as it shares a car park with a busy convenience store which attracts customers through the days and evenings.

The business is less than a half mile from the town park with its boating lake and family activities, and the busy College and Hospital with the main attractions of Poole and the harbour and beaches a short distance away.

Poole benefits from great public transport routes which attract numerous offices and businesses to the town.

About The Pub to Rent

The Sweet Home Inn is a traditional, broad based local with a reputation for sports and music but with the potential to develop a strong food offering.

Characterful interior with an island bar creating a number of different trading areas whether they be used for drinking, food or sports.

In addition to the strong curbside appeal there is a large raised landscaped garden, which has earned a reputation as a great spot to watch sports with its dedicated bar.

Ideal candidate will be an energetic operator looking to develop all aspects of the business with great service, drink and food and a passion to make the pub the centre of the local community through sports, entertainment and events.

It would suit a range of operators who are driven by a desire to run great local pubs.

Private Accommodation

The Sweet Home has 3 bedrooms, lounge, bathroom and private kitchen, all is in good condition.

Bedrooms – 1

Lounge – 1

Private kitchen – Yes

Bathrooms – 1

Key Pub Features

Fantastic tiered garden with a stand alone bar
Reputation as a great spot to watch sports
Well laid out trading space with a bar area and mixed drinking/dining, which can be partitioned for private events or sports
Situated in a busy residential neighbourhood with a strong bias to families and seniors
Prominent A road presence close to Poole Town Centre and adjacent to a high volume Co-op

Top Line Figures

Rent: £30,000 per annum
Initial Investment: £27,000
Fair Maintainable Trade* (FMT) Turnover: £414,000 per annum

Full Investment Breakdown †

Deposit: £7,500
Training Fee: £1,200 incl. VAT
Change of DPS Fee: £300 incl. VAT
Digital Assets Fee: £200 incl. VAT
Working Capital: £5,000
Fixtures & Fittings: Estimated at £25k (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

Estimated Wet/Dry Split: 75%/25%
Business Rates: RV £14,700
Available From: ASAP.

Trade

Last 3 year Volume	Beer & Cider - Barrels	Wines - Litres	Spirits - Litres	Soft Drinks - Litres
Current Year	187	530	160	1170
Last Year	130	970	140	970
2 Years Previous	120	1061	152	753

The last two years have been phenomenally successful through offering great sports viewing in the garden with circa 400 covers and its own bespoke bar.

The local business is regular but there is opportunity to increase the regularity of visits through pub teams and events such as quizzes, entertainment and theme evenings.

Food trade can be developed further through consistency of availability and focus on marketing this opportunity.

Useful Links

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

Misrepresentation

* Fair Maintainable Trade (FMT):

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.

Code of Practice:

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:

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.

Working Capital:

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.