If you are looking to lease a pub in Milborne Port, you could run The Gainsborough Arms !
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Lease A Pub In Milborne Port – Run The Gainsborough Arms
The Gainsborough is located in the stunning village of Milborne Port in South Somerset. Milborne Port is a large friendly village, close to the Dorset border, The village has all of the main services you would expect including a primary School, shops, doctors’ surgery, post office, library, churches, playing areas and a good range of societies and clubs. The Gainsborough stands alone on a large corner plot surrounded by houses just a short distance from the busy A30 High Street and has good on street parking available.
Internally the pub has been recently decorated to a good standard throughout and benefits from exceptionally flexible trading areas by way of some clever zoning. Some areas are suited to drinking, whilst others, relaxing and other areas suited to eating, although all are flexible to suit the trading session. There is a separate breakfast room which serves the well decorated and popular letting rooms. The bar area is a warm and cosy social area, great for locals to catch up over a pint and a game of pool and darts. The bar area leads onto the bright airy front part of the building which benefits for dual aspect windows ideal for serving up the pubs traditional pub food menu. The third zone lends itself to a comfortable relaxing drink, ideal for the letting room customers seeking a relaxing drink after a long day sight-seeing or the weekday business over-nighters catching up on some work. To the rear of the pub there is a raised decked area seating in excess of 30, this leads onto the well-kept gardens which currently has seating for at least another 30.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Gainsborough is first and foremost a friendly traditional village pub, a meeting place for the village, a home from home. A pub that it is so comfortable, once you come in you don’t want to leave. The Gainsborough is currently closed, however, it was known for it’s offers of fantastic ranges of drinks, traditional ales, continental Lagers, quality wines and premium spirts, served in a relaxed environment. There is scope to further develop and market the food side of the business as there was a famous Sunday carvery and daily breakfast club which was served from the breakfast room and all prepared in the well fitted commercial trade kitchen.
Admiral Taverns have recently completely a refresh of the internal trade area, the catering kitchen and the external dining area. The private quarters have also been refurbished and are fresh and clean. There will be an external redecoration with the new licensee and this will incorporate a freshen up of the outside decoration and paintwork.
There are three beautifully decorated en–suite letting rooms, two doubles and a twin which regularly had guests staying in them. They ranged from approximately £60 – £95 per night and had special deals on breakfasts and evening meals which were often enjoyed with high ratings on trip advisor and excellent reviews.
There is a 2 bedroom owners’ accommodation including a kitchen, living room and bathroom.
Annual Rent: £21,500
Security Deposit: £5,000
Working Capital: £3,000
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
*Based on the April 2023 rating list, the Zero Rates Payable is based on the licensee only occupying one property for commercial purposes.
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Ingoing Cost: 11000
Annual Cost: 21500
Lease A Pub In Milborne Port
The Gainsborough is earmarked for a generous investment (subject to board approval), and therefore, the potential of this multi-faceted pub would ideally be fully unlocked by an experienced licensee or couple who possess exceptional standards and an understanding of the key ingredients required to operate a quality friendly community country pub with multiple income streams. The ability to develop a strong online presence and drive the occupancy levels and room rates of the letting rooms as well as really driving the reputation of the food will be key to taking this stunning business to the next level.
The Letting rooms had excellent online reviews, and the pub can be a fantastic example of well-loved business with a strong local following. The future is exciting and developing a well received food trade will be critical. Developing further unique selling points, such as locally sourced meats will take the pub to the next level. The fantastic outside area has huge potential for summer events, beer festivals and has potential to be used for private and organised events and family occasions.