tenancy
Thorverton, Exeter EX5 5NS, UK
Approx. Total Ingoings
£10,250Annual Rent
£25,000Popular with both locals and visitors, the Thorverton Arms is a fantastic rural pub in which to drink and dine. The pub is a lovely period building which has retained many of its charming features, it presents an amazing opportunity to take the reins of a multi-faceted business. With an excellent trade kitchen and restaurant space, a rustic, homemade menu can be offered. With six letting rooms, all en-suite, this is a pub business not to be missed. We are interested in speaking with an experienced operator who is community driven, but also has a good knowledge of food and ales to develop this fantastic pub.
Private Accommodation: The private accommodation comprises two bedrooms, a bathroom, lounge and kitchen.
Indoor trading area
The Thorverton Arms is a traditional, one bar operation, serving an extensive range of drinks, including well-kept local cask ales and west country ciders. The pub also benefits from a restaurant area and is known for making good use of delicious local produce. Upon entering the main room from the front, you are greeted by a u-shaped bar, serving the lounge and restaurant area. The décor is traditional and could be described as olde worlde. A well-equipped trade kitchen can provide a traditional food menu and a carvery on a Sunday. The pub also operates a bed and breakfast with six well-appointed letting rooms, all of which are en-suite.
Outdoor trading area
There is a large south-facing patio and grassed garden with four benches. The on-site car park has space for 10 vehicles.
Regional Manager Comments
I am looking for a publican with catering experience to expand the food menu, and make the Thorverton Arms a destination food pub. Investing in the local community is also paramount, to maintain and improve the local trade.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£10,250
Annual Rent
£25,000
Potential Turnover: £302,000 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: £25,000 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: £10,250 (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: £15,000 (excl VAT)
To be discussed with the Regional Manager.
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