Lease A Pub In Cheltenham – The Sherborne Arms Is Now Available !

 

Are you looking for a pub to lease in Cheltenham? Why not run The Sherborne Arms as this is now available via Love Your Pub !

Here at Love Your Pub we know about all the best pubs that are becoming available and The Sherborne Arms is Now Available via Love Your Pub!

For more information about this venue and how you can take the next step in your hospitality career click the link below

Make an Enquiry

Lease A Pub In Cheltenham - The Sherborne Arms Is Now Available ! Lease A Pub In Cheltenham – The Sherborne Arms Is Now Available !

 

A quintessential Cotswold village pub dating back to the 1700’s and situated on the historic market square of the pretty market town of Northleach. Perfectly located for exploring the Cotswolds and with three en-suite letting rooms gives the perfect opportunity to attract the visiting trade as well as the locals for good food and drink. The pub consists of a front bar with ingelnook fireplace and three distinct areas with seating for approximately 50 covers, and a rear restaurant area with seating for another 50. This amazing opportunity would suit either an individual publican or couple with food experience, to continue to grow this pub as the hotspot in Northleach.

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

 

Lease A Pub In Cheltenham - The Sherborne Arms Is Now Available !

Lease A Pub In Cheltenham – The Sherborne Arms Is Now Available !

Overview of Sherborne Arms

A quintessential Cotswold village pub dating back to the 1700’s and situated on the historic market square of the pretty market town of Northleach. Perfectly located for exploring the Cotswolds and with three en-suite letting rooms gives the perfect opportunity to attract the visiting trade as well as the locals for good food and drink. The pub consists of a front bar with ingelnook fireplace and three distinct areas with seating for approximately 50 covers, and a rear restaurant area with seating for another 50. This amazing opportunity would suit either an individual publican or couple with food experience, to continue to grow this pub as the hotspot in Northleach.

Indoor trading area

The Sherborne Arms as a property dates back to the early 1700’s and has many period features throughout including exposed stone walls, inglenook fireplaces and beamed ceilings. The internal trading areas are split into three bar areas and a separated restaurant. Across all three bar areas there is seating for around 50 covers, which is mirrored in the restaurant. Due to the large amount of separated areas the pub has scope to provide a function room, offering an additional revenue stream. This beautiful pub comes with a large amount of charm and character and offers a cosy atmosphere which is emphasised through its décor. In addition, The Sherborne Arms has three well-presented letting rooms, with separate access from the outside.

Outdoor trading area

The pub boasts two separate external areas that include a courtyard garden to the side that could accommodate approximately 20 covers, then to the front of the pub are are traditional pub benches to seat approximately 10, to watch the world go by in and around the market square.

Your living accommodation

The private accommodation comprises of a kitchen, two double bedrooms and a single providing good accommodation for a small family.

Surrounding area

Northleach is a beautiful market town and is ideally located in the heart of the Cotswold hills with easy access to the A40 and A429. It is well positioned for many of the nearby towns with Cheltenham being approximately 12 miles, Cirencester 10 miles, and the ever-popular Cotswold villages of Burford, Stow In the Wold, Bibury and Bourton On the Water less than 10 miles away. The pub itself is situated just off the popular high street and is surrounded by a selection of eateries and other hospitality businesses on the main village square. The pubs location combined with the picturesque village provides the Sherborne Arms with an extremely loyal local trade but also passing trade from the Cotswolds.

Local competition

  • Red Lion,Market Place, Cheltenham, GL54 3EJ (0 mi)
  • Wheatsheaf,West End, Cheltenham, GL54 3EZ (0.1 mi)
  • Fossebridge Inn,Chedworth, Cheltenham, GL54 3JS (3 mi)
  • Puesdown Inn,Compton Abedale, Cheltenham, GL54 4DN (3 mi)
  • Plough Inn,, Cheltenham, GL54 3BN (3.4 mi)

 

Lease A Pub In Cheltenham - The Sherborne Arms Is Now Available !

Lease A Pub In Cheltenham – The Sherborne Arms Is Now Available !

Potential Turnover

£575,000.00 per annum

This is our 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.

Partnership Terms

Introductory Rent: £20,000.00 per annum, payable weekly in advance.

Based on discount scheme PARTNERSHIP BAND F

This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £49,000.00 per annum.

The proposed agreement: Retail Partnership Tenancy

(Key terms available online here) however we are prepared to discuss other Partnership agreements.

We 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

£19,250.00 (excl VAT)

Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £20,000.00), 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 & fitting value

£12,000 (excl VAT)

To be discussed with the Regional Manager.

Rateable Value

£15,000

Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.

For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search

To talk to someone about this opportunity or for any general enquiries call or email the recruitment team on

03333 20 00 36

en*******@ei********.com

Lease A Pub In Cheltenham - The Sherborne Arms Is Now Available !

Regional Manager’s thoughts on the Sherborne Arms

A seldom seen opportunity to take on a Cotswold pub of this stature and with great facilities provides a perfect opportunity for a new Publican to work with me and Stonegate Pub Partners to establish this beautiful pub as the place to go in Northleach. This pub has to be viewed to appreciate the many original features and the opportunity that it presents.

Simon, Regional Manager

Make an Enquiry

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T & C’s : Please note any promotion or offer is at the discretion of the outlet & cannot be used in conjunction with any other promotion or offer at that time. Any promotion or offer can be withdrawn by the outlet at anytime.

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