tenancy
Wilton Street, Taunton TA1 3JR, UK
Approx. Total Ingoings
£10,000Annual Rent
£10,000The Vivary Arms is a Grade II Listed building and believed to be the oldest recorded pub in the town. There is so much character with this pub; exposed beams, sealed brick flooring and cobb walls make for a warm and homely touch. The business has been run previously by a publican for 16 years and has been well maintained throughout. The trade areas are spacious and can accommodate up to 40 covers. The main lounge area has an adjoining games room, alongside a dining room featuring wooden tables and chairs. Stonegate Pub Partners are seeking an experienced publican with catering skills to develop the food trade and push the business further.
Private Accommodation: The living accommodation comprises four bedrooms, a lounge, bathroom and large second lounge or further bedroom. All of which are in good condition.
Indoor trading area
Through the entrance into the bar you are greeted with an ornate wooden bar servery and a mixture of loose seating and natural wooden tables for around 20 covers. A rustic timber opening separates the games area complete with pool table and dart board. This section features original brick floor and a large inglenook fireplace. The dining area is split level accommodating 40 plus covers, with a stone fireplace and button draylon upholstered fixed seating, dining tables and chairs. A separate bar serves the lounge and dining area. The fully fitted trade kitchen is of a good size for the pub, with a good range of stainless steel commercial equipment and direct access to the dining area.
Outdoor trading area
The beautifully decorated frontage that comprises hanging baskets and pot plants are pretty additions that certainly make the pub stand out when passing. To the rear, an enclosed beer garden with incorporated smoking solution contains wooden benches, with a central palm tree and greenery around the perimeter. There is scope to develop a small increase in covers utilising the outdoor areas during the warm summer months.
Regional Manager Comments
The customer base is made up of the local community and the Vivary Arms appeals to a broad range of customers, ranging from public bar trade with pool & darts teams, to the elder dining market. The trade is split 60/40 in favour of wet sales, with scope to improve the food offering. This is a stable and successful pub business showing healthy sales and profit. There is a great opportunity to develop this successful platform through destination food and therefore catering skills are a must.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Cask Ale Restaurant/Food
Approx. Total Ingoings
£10,000
Annual Rent
£10,000
Potential Turnover: £267,000 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: £10,000 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: £10,000 (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: £10,000 (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.
