Are you looking to lease a pub in Somerset? Why not run The Victoria Gate in Taunton as this is now available via Love Your Pub !
Take the next step in your hospitality career and run this fantastic venue
Contact the team today for all the information you need!
Lease A Pub In Somerset – The Victoria Gate Is Now Available !
The Victoria Gate, Taunton is an attractive and traditional wet led pub equipped with a pool table and darts board for entertainment. Situated on the main road leading into Taunton town centre, there is plenty of passing trade from the local businesses and a strong local trade from the nearby residents. Evening trade is bolstered by the frequent pool and darts teams who visit for the pub games and sports viewing. The Victoria Gate offers a new starter or an experienced publican a fantastic opportunity to take on a traditional pub business that has a strong and loyal drinking trade. There is potential for the new publican to introduce a simple pub food menu and offer entertainment such as discos, karaoke and quiz nights to draw in additional trade and maximise revenue.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Lease A Pub In Somerset – The Victoria Gate Is Now Available !
Indoor trading area
The pub currently offers a traditionally decorated one bar operation and is well maintained throughout. There is a bar area with a single bar servery and a separate games area containing a pool table, darts board and gaming machines. There is an additional area offering seating for approximately 30 covers which could be utilised for dining, quiz nights and karaoke. The trade kitchen is fully equipped and functional although not currently in use.
Outdoor trading area
On the pavement and to the side of the pub there is a smoking solution with two picnic benches offering seating for guests during the warmer months. There is a convenient tarmac car park located to the rear of the pub which provides space for 15 vehicles.
Your living accommodation
This is a well-kept five bedroomed flat located above the pub, all bedrooms are a good size and in good decorative order.
Lease A Pub In Somerset – The Victoria Gate Is Now Available !
Turnover
£369,000.00 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
Guide Rent: £15,000.00 per annum, payable weekly in advance.
Discounts are variable, your Regional Manager will discuss this with you.
The proposed agreement: Beacon Retail Partnership Tenancy
(Key terms available online here).
Estimated Capital start-up
£10,750.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £15,000.00), 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
To be discussed with the Regional Manager.
Rateable Value
£26,000
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
Regional Manager’s thoughts on the Victoria Gate
The Victoria Gate offers a great opportunity to take on a traditional pub business and would suit an experienced publican who enjoys running a community pub. I am also happy to speak with someone new to the trade looking to run their first pub business. The previous publicans have built a strong and loyal drinking trade with many of the local residents visiting for the live sport and pub games. There is potential for the new publican to introduce a simple home cooked menu and offer entertainment including disco, karaoke and quiz nights which have proved successful in the past.
Alan, Regional Manager
