This business is as busy lunchtimes as in the evening due to its retail park location and currently food is not available all day which may be an opportunity going forward. There is very little local drinking trade as 95% of all visitors are looking for a food offer and wine is a significant part of the wet trade
About the Pub – The Hankridge Arms Taunton
The Hankridge sits in the middle of the thriving Hankridge Retail Park. Immediately around the pub are the national retail giants of Sainsbury’s, Halfords, PC World, Costa, Range and many others. At the other end of the Park is a multi-plex cinema, 10 pin bowling, B&Q, Macdonalds, and a Travelodge. Across the road from the retail park is a business park containing many professional offices, a Premier Inn and a Harvester restaurant. All of this is sited just off of Junction 25 of the M5 and less than 10 minutes drive from the centre of Taunton.
- Estimated Split: wet 30%/ dry 70%
- Business Rates: £28,851
- Available From: 17/07/2019
- Closing Date: 30/04/2019
The Hankridge has been lovingly restored from a dilapidated old farmhouse. The customer area divides into two parts, the bar area with a large original fireplace and seating for 30-40 guests and the restaurant area which contains many historic features and can sit 40-50.
There is a premium fully equipped catering kitchen and a large cellar all on the ground floor. Upstairs is a separately accessed function room and spacious private accommodation.
There are no letting rooms with this business.
The business is well known in the area having gained a great reputation for food so the ideal applicant will be able to demonstrate an ability to work with a premium site and a desire to capitalize and expand on an already busy offer.
Letting Prices – The Hankridge Arms Taunton
- Rent: £60,000 per annum
- Initial Investment: £50,000
- Fair Maintainable Trade* (FMT) Turnover: £650,000
- Deposit: £7,500
- Training Fee: £780
- Working Capital: c.£10,000
- Fixtures & Fittings: £40,000 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).
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.