tenancy
267 Totnes Road, Marldon, Paignton, Devon, UK
Approx. Total Ingoings
£17,750Annual Rent
£35,000The Noahs Ark is a child friendly pub a few yards from the extremely popular, all year-round Paignton Zoo. Situated on the Totnes Road at Tweenaway on the road running out of Paignton towards Totnes, there is a huge car park providing ample parking. The pub itself is large and open but retains a cosy atmosphere. Modern decor tastefully done makes the perfect accompaniment to your meal. This is currently a food led pub with increases popularity on a Sunday for the carvery that is currently on offer, but also offers a wide of draught products including cask ale, across the two-sided bar area. The pub also boasts and additional revenue stream with a separate function room that offers a great space for private functions including children parties for a stop off after the zoo. Stonegate are now seeking a publican who can continue the success of this popular pub and stay immersed within the local community, whilst also appealing to the tourists to the area.
Private Accommodation: The private living accommodation comprises four bedrooms, an office, a dining room, and a kitchen.
Indoor trading area
Internally the pub comprises of one extremely well-presented trading area. There is an imposing bow shaped central servery with full range of draught and packaged products including wines, spirits, and minerals, and a large screen currently showing regular sporting events. Seating is comfortable and would suit drinkers and diners alike. To the rear of the bar area is the trade kitchen with visibility to consumers and which has good access to all area, and in addition there is a good-sized function room, with full bar facilities, positioned below the main trade area. This can accommodate parties of up to 60 and houses the pub's pool table and dart board.
Outdoor trading area
To the front of the property adjoining the main trade area is a large external decked seating area with approximately 30 covers. This is positioned above road level and is popular both in periods of good weather and with those who enjoy being outside. The pub also has a large car park for around 60 vehicles and can easily cater for the passing trade that want a stop off point for a drink and some food.
Regional Manager Comments
The Noah's Ark is in great condition and offers a new publican the chance to build upon the level of trade already established. The pub enjoys a prominent position and is well placed to further expand business levels from the facilities in the surrounding areas. I am looking for a publican with catering experience to continue the popular food reputation, whilst also keeping the passing trade at the forefront of their decisions. Investing in the local community is also paramount, to maintain and improve the local trade.
Retail Partnership Tenancy
Live Music Private Accommodation Kitchen Parking Cask Ale Function Room Live Sports
Approx. Total Ingoings
£17,750
Annual Rent
£35,000
Potential Turnover: £395,000 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: £35,000 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: £17,750 (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: £20,000 (excl VAT)
To be discussed with the Regional Manager.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
