NEW RD, BRIXHAM TQ5 8LT
Sitting in a very prominent position in Brixham town centre, the Bolton Hotel is a high street premium proposition in the making. There’s plenty of potential here, but the pub is currently well-worn and in need of some attention.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
BOLTON HOTEL BRIXHAM
Looking to run a pub hotel?
Sitting in a very prominent position in Brixham town centre, the Bolton Hotel is a high street premium proposition in the making. There’s plenty of potential here, but the pub is currently well-worn and in need of some attention. We’re planning a transformational investment to create a brand new trading operation – bringing the huge commercial kitchen back into use and attracting a new customer base to this splendid listed building with beautiful Georgian windows. Dramatically upgrading a suite of letting rooms on the second floor will be a second phase of investment.
The trading area at the Bolton is a very large, open plan L-shape room wrapped around a central bar, with large Georgian windows letting in plenty of light, making the space airy and adding grandeur. When the spacious commercial kitchen is put back into full use for the incoming operator, it will be able to provide for up to 50 covers at peak times. There are currently 7 letting rooms on the second floor, which could be suitable in their current state to be offered to seasonal workers as short-term accommodation. Outside, there’s a small courtyard garden, which currently functions only as a smoking area. Space in Brixham, as with most harbour towns, is at a premium, so more could be made of this by the right operator.
The domestic accommodation consists of four bedrooms, a kitchen and a lounge. Punch will ensure that this accommodation is in good order.
We’re planning substantial investment to completely overhaul the exterior and ground floor of this pub to create a brand new venue for local residents and visitors to Brixham. This will include creating an exciting new concept within the pub, which offers areas of cosy booth seating, relaxed informal dining and plenty of quirky decorative features. New signage will be installed, potentially even with a name change. In a second phase of earmarked investment, we’ll transform the existing 4-bedroom domestic accommodation and 7 letting rooms into a spacious 2-bedroom apartment for the operator and 9 fully upgraded en-suite letting rooms.
About the local area
The road network to and from Brixham continues to undergo much investment and improvement, attracting new housing developments and facilities and greatly reducing the commute time to Devon’s county town of Exeter. The harbour town of Brixham itself sits within the well-known holiday area of Torbay. Plenty of tourists visit the area, moving between all of the major towns along the south Devon coast during their stay.
This pub may suit
The ideal operator for this pub will have plenty of experience, passion and vision – not only for the immediate business opportunity of creating something very special for Brixham but also for the longer term plan of the 9 upgraded letting rooms. You’ll need to be able to deliver consistently high standards and be able to make a difference with your food offer.
About the Agreement
Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.
You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Punch Development Manager, plus access to training and development, business planning, operations and accounting expertise.
Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.
Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.
* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Punch Development Manager
BOLTON HOTEL BRIXHAM
BOLTON HOTEL BRIXHAM
Initial Deposit* £3,000
Legal Fees £295
Working Capital £2,000
Maintenance Fund Per Week £40
Forecasted Annual Wet Turnover £260,008
Forecasted Annual Food Turnover £57,633
Forecasted Annual Letting Rooms Turnover £5,839
Forecasted Annual Machines Turnover £3,720
Forecasted Annual Other Turnover £5,040
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MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.