New Inn

41-43 New Street, Salisbury, Wiltshire, SP1 2PH

  • 120
  • Asset 1 84

The New Inn is a fantastic city pub which offers great character, large and varied trading spaces, a high volume kitchen and a beautiful garden. This is a pub to rent with huge potential for a creative entrepreneur.

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

“The New Inn and Old House is a wonderful traditional pub which has been run with high standards of food and drink quality.

The area is competitive, so increasing awareness is key to attracting guests and then delivering great hospitality to ensure repeat visits. Making the most of the garden will create a major advantage, as will the vision to exploit the the potential for letting rooms and underused areas of the pub.”

Ian Pearson

Business Development Partner, South West Region

Ian the BDP for H&W Business Partnership pubs to rent

Location - Salisbury

Salisbury is a world renowned city in Wiltshire with a population of approximately 45,000. It is a major local hub with the area’s primary shopping centre and several local visitor attractions such as Stonenhenge, Salisbury Racecourse, Wilton House and the Cathederal, whose infamous spire is visible for many miles.

The city is easily accessible by train and adjacent to the A303, so has good links to both London and the South West. This is a desirable location to live, and with great schools is popular with families. Employment levels are high and the city is packed with bars and restaurants due to the vibrant economy.

About The Pub to Rent

The New Inn and Old House Restaurant is one Salisbury’s oldest buildings, dating back to the early 16th Century with an attractive Tudor façade. The pub is famous for having a stunning and spacious garden with wonderful views of Salisbury Cathedral spire, which is a short walk away.

The bar is adjacent to the main entrance of the pub and this area has a mixture of slab/tiled and wooden floor with a mix of traditional seating, benches, and Chesterfield sofas, with two wood burning stoves. Through to the rear of the pub, served by a second bar with attractive raised bench seating, is a games room with wooden clad walls. There is also a main dining area with access through French doors to the garden, and a further dining area perfect for larger groups.

All areas of the pub have great character, with numerous fireplaces, eclectic furniture and cosy nooks and crannies. The pub is served well with two sets of toilets, and a large well-equipped kitchen and cellar ideally located on the ground floor.

Private Accommodation

The current layout of the domestic accommodation offers huge potential for Business Partner accommodation, staff rooms, and guest letting rooms.

Main Living Space:

  • 2x Double Bedrooms
  • Large Living Suite
  • Bathroom/wc

Team Accommodation:

  • 3x Bedrooms
  • Private Kitchen
  • Shower room/wc

Guest Accommodation:

  • 3x Bedrooms
  • Bathroom facilities (not en-suite)

Please note that we have not included letting room income in the financial calculations.

Key Pub Features

  • Long established and busy trade
  • Fair Maintainable Trade* (FMT) Net Turnover: £795k per annum
  • Charming traditional pub situated in the heart of Salisbury
  • Eclectic mix of trading spaces and stunning garden with views of the Cathedral spire
  • Development opportunities to extend trading space and add letting rooms
  • Great facilities to increase food and drink volumes

Top Line Figures

  • Rent: Turnover rent 8% with a base rent of £55,000
  • Initial Investment: minimum £40,000
  • Fair Maintainable Trade* (FMT) Turnover: £795,000 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: £20,300 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry Split: 30%/70%
  • Business Rates: RV £74,000
  • Available From: Immediately

Trade

Last 3 year Volume Beer & Cider - Barrels Wines - Litres Spirits - Litres Soft Drinks - Litres
Current Year 2022-23 251 2560 170 1740
Last Year 2021-22 272 2690 360 2560
2 Years Previous 2020-21* 233 2640 390 2650

As with so many city centre pubs, the New Inn should trade well throughout the day, week and year as it can pull from several sources of trade.

Daytime should allow for a strong morning coffee trade, a relaxed lunchtime dining offer for shoppers and office workers, and a traditional evening pub offer, with higher energy weekends.

During the summer, the garden draws guests into the pub with its beautiful views, and during the winter, the pub benefits from cosy fires and log burners.

*Trade volumes affected by Covid closures

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.