If you’re looking for managed partnership pubs in Exeter, run The Marquess Of Exeter !
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Managed Partnership Pubs In Exeter – Run The Marquess Of Exeter !
The Marquess of Exeter is a beautiful thatched village pub/restaurant with letting bedrooms, set in the heart of the East Midlands in the beautiful Rutland village of Lyddington. The Marquess of Exeter is situated close to Rutland Water, and the counties of Leicestershire, Northamptonshire and Lincolnshire. Rutland truly is an undiscovered gem; with its rolling hills and stunning scenery.
This is a high quality food business with good quality letting bedrooms. A small bar area situated next to an open log fire leads through to the restaurant of some 60 covers. There is also a small meeting room that can hold upto 12 people. The letting bedrooms are housed in a separate building to the rear and are decorated to a good standard. Further to the rear of the property is a huge beer garden / events space that could be developed for many different uses.
The Marquess Of Exeter Exeter
Overview
The Marquess of Exeter is a beautiful thatched village pub/restaurant with letting bedrooms, set in the heart of the East Midlands in the beautiful Rutland village of Lyddington. The Marquess of Exeter is situated close to Rutland Water, and the counties of Leicestershire, Northamptonshire and Lincolnshire. Rutland truly is an undiscovered gem; with its rolling hills and stunning scenery.
This is a high quality food business with good quality letting bedrooms. A small bar area situated next to an open log fire leads through to the restaurant of some 60 covers. There is also a small meeting room that can hold upto 12 people. The letting bedrooms are housed in a separate building to the rear and are decorated to a good standard. Further to the rear of the property is a huge beer garden / events space that could be developed for many different uses.
The Marquess of Exeter has built a great reputation for its quality food, drink and accommodation offer. The ideal candidate needs to be an experienced operator(s); confident in delivering a fresh high quality food offer. They also need to excel in customer service and appreciate what good looks like, someone who will welcome guests and offer an enhanced experience you don’t get in chain hotels. A strong marketeer who set out their offer and communicate it beyond the boundaries of the village
The Opportunity
If you’re looking for maximum freedom and the chance to run a business in your own way, a Marston’s tenancy will allow you to really flex your creative muscles. This agreement is for the real entrepreneurial types, who have a bit of money to invest, some solid business skills and the vision to bring their dream to life.
You can implement your own ideas and develop your own food offering. And, whilst you’ll be running your own business your way, you can still lean on the Marston’s team for all the support you need.
What’s in it for you?
Keep 100% of the business’ profits.
Put together your own menus and choose your own food.
Keep 50% of profits from any gaming machines.
Free membership to the BII for the duration of your agreement.
Support obtaining your personal licence.
BII accredited induction and ongoing support and training from our Pub Support teams.
A dedicated business development manager, working with you to help you grow the business.
Access to our 450 strong-support teams whenever you need them – including Marketing, Recruitment and Food and Drink specialists.
All our Pub Partners get access to our FREE Learning, Development and Training platform Campus (a package worth over £300!).
Things to consider
This agreement offers the most independence, but also needs a bigger commitment from you. You’ll need to put in a £5k security deposit or 25% of the annual rent, whichever is higher, plus pay your own rent (the yearly increase will be capped to the Retail Price Index) and cover your own legal fees. You will need to cover your own business insurance and start thinking about your team; taking care of paying them and all other employment matters.
We’re on-hand to offer guidance as you plan your business overheads, like business rates, annual service charge, Council Tax, and utility bills. Also, start thinking about any internal repairs and decoration you’d like to do to bring the place up to standard and consigning to an annual decorating fund. Not to mention what fixtures, fittings, and glassware you’ll get for your pub.
Before we all sign the agreement and see you heading into a whole new life, you’ll need to show us proof that you’ve had independent financial and legal advice and have completed a sustainable business plan, in accordance with the Pubs Code. If needed, we can assist you in obtaining your personal licence and will enrol you onto our BII accredited induction training. In addition, we will provide you with free membership to the BII who can provide the impartial, professional advice you need when entering into, and for the lifetime of your agreement.
It’s a three or five-year commitment, so you have loads of time to build the business and get it performing brilliantly.
Private Accommodation
Private KitchenYes
No of Double bedrooms:3
No of Reception rooms:1
No of Private bathrooms:1
OfficeYes
Financial Info
Fair Maintainable Turnover:£554,180.18
Barrelage Discount:NA
Training fee:£0
Working Capital:£10,000
Stock & glassware:£4,000
Rent:£45,000
Service Charge:£1,400
Decorating fund:£1,040
Insurance:£520
Total ongoing costs:£47,960
The Marquess of Exeter has built a great reputation for its quality food, drink and accommodation offer. The ideal candidate needs to be an experienced operator(s); confident in delivering a fresh high quality food offer. They also need to excel in customer service and appreciate what good looks like, someone who will welcome guests and offer an enhanced experience you don’t get in chain hotels. A strong marketeer who set out their offer and communicate it beyond the boundaries of the village
