Run a Star Pub - Washford Inn Washford - Watchet

Pub Overview

Great Pub in a perfect location with an exciting external upgrade planned.

What would you do with this pub to make it a success.

The Area:

The Washford Inn is located in the town of Washford, on the main road to Minehead. It sits adjacent to the West Somerset Railway and close to Exmoor and Quantock Hills. The pub is surrounded by rural housing.

Demographics:

The pub benefits from being one of 2 pubs found within a 20-minute walk. The local customer base is made up of older rural homeowners, village families. A business is also driven by tourist visiting the area making full use of the 8 en-suite letting rooms.

The Offer:

Available on our Investment tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a well thought through social media / marketing strategy.

The site currently has the ability to drive trade with great promotions and maximising its great location. Also, by offering a selection of a pub classic menu, popular beers, ciders, wines and spirits, and coffees in a warm and welcoming surrounding.

Star Pubs have an external upgrade planned at the Washford Inn that will give the pub great kerb appeal and be the go-to place to eat and drink in the summer months. (image on photo carousel)

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their marketing strategy, food & drinks menu and entertainment offer and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…

Features

• Investment Tenancy
• Catering Kitchen
• Letting Rooms
• Car Park
• Outdoor Trade
• Private Accommodation

Trading Area & Facilities

• Main large trading area with bar
• Designated dining area
• 60 internal covers
• Catering kitchen
• 8 En-suite letting rooms.
• Large garden area
• Large car park with

Private Accommodation

Private accommodation consists of two bedrooms, a living room, kitchen and bathroom.

Pub Financials

Pub Financials Icon

Estimated Total Ingoing Costs

£30,623

Estimated Minimum Ingoing Costs

£12,208

Annual Rent

£20,490

Estimated Annual Turnover

£334,083

Deposit

£5,123

Estimated Fixtures & Fittings Value

£15,000

Estimated Stock Valuation

£7,000

Estimated Working Capital

£3,500

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month\’s rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month\’s rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month\’s rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report Download arrow