tenancy
51-52 East Reach, Taunton, Somerset TA1 3EZ, UK
Approx. Total Ingoings
£10,750Annual Rent
£15,000The Victoria Gate, Taunton is an attractive and traditional wet led pub equipped with a pool table and darts board for entertainment. Situated on the main road leading into Taunton town centre, there is plenty of passing trade from the local businesses and a strong local trade from the nearby residents. Evening trade is bolstered by the frequent pool and darts teams who visit for the pub games and sports viewing. The Victoria Gate offers a new starter or an experienced publican a fantastic opportunity to take on a traditional pub business that has a strong and loyal drinking trade. There is potential for the new publican to introduce a simple pub food menu and offer entertainment such as discos, karaoke and quiz nights to draw in additional trade and maximise revenue.
Private Accommodation: This is a well-kept five bedroomed flat located above the pub, all bedrooms are a good size and in good decorative order.
Indoor trading area
The pub currently offers a traditionally decorated one bar operation and is well maintained throughout. There is a bar area with a single bar servery and a separate games area containing a pool table, darts board and gaming machines. There is an additional area offering seating for approximately 30 covers which could be utilised for dining, quiz nights and karaoke. The trade kitchen is fully equipped and functional although not currently in use.
Outdoor trading area
On the pavement and to the side of the pub there is a smoking solution with two picnic benches offering seating for guests during the warmer months. There is a convenient tarmac car park located to the rear of the pub which provides space for 15 vehicles.
Regional Manager Comments
The Victoria Gate offers a great opportunity to take on a traditional pub business and would suit an experienced publican who enjoys running a community pub. I am also happy to speak with someone new to the trade looking to run their first pub business. The previous publicans have built a strong and loyal drinking trade with many of the local residents visiting for the live sport and pub games. There is potential for the new publican to introduce a simple home cooked menu and offer entertainment including disco, karaoke and quiz nights which have proved successful in the past.
Retail Partnership Tenancy
Private Accommodation Kitchen
Approx. Total Ingoings
£10,750
Annual Rent
£15,000
Potential Turnover: £369,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £15,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £10,750 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £0 (excl VAT)
To be discussed with the Regional Manager.
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