The Inn at Cranborne has been a well respected and mature business for a number of years with a growing letting market driven by nine quality rooms with high occupancy levels. The trade is built on accessibility, quality and consistency where regulars mix with visitors in a traditional country pub environment but with the team delivering great customer service. The potential for growth can be exploited by a further developing on the pub reputation, through driving spend per head and through driving food sales and events to encourage greater use from locals.
Hankridge Way, Riverside, Taunton, Somerset, TA1 2LR
We are delighted to present The Inn at Cranborne, a beautiful country pub with a £530,000+ per annum potential turnover in the heart of East Dorset.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
About the Pub
The Inn at Cranborne is situated in the historic and affluent village of Cranborne in the heart of Cranborne Chase (AONB). In addition to the relatively affluent village housing some 800 residents, the area is busy all year around with several attractions on the doorstep such as Edmondsham House and Kingston Lacy (a 16th century Manor House with renowned gardens), all within a short driving distance. The area is also well known in literary circles with the village and pub featured in Hardy’s Tess of the d’Urbervilles and Rupert Brookes, the WWI Poet, penned a poem about the Inn albeit under its prior name the Fleur de Lys.
The Inn at Cranborne was created as a traditional Coaching Inn where travellers would eat, drink and rest whilst their horses were stabled overnight. Today, apart from the horses, the pub still serves its market with great food and drink with quality letting accomodation to both business and holiday makers. The pub is accessed via the car park to the rear and through attractive landscaped areas with plenty of seating.
The bar area is traditional in feel with several different areas but all have a light and airy feel suitable for mixed dining and drinking, in addition there is a standalone private dining area suitable for parties and meetings for upto a dozen customers. At one end of the bar there is a feature fireplace which helps create a fantastic country pub environment. The on-site accommodation, accessed via the bar, has all been converted to letting accommodation so the pub now offers 9 en-suite double rooms all of which are finished and furnished to reflect the high expectations of visitors to the area.
The ideal applicants are experienced to the hospitality industry with a passion for excellent service and a commercial drive to maximise income.
In terms of live-in accommodation for Business Partners or team, an allowance has been made within the costs base incorporated into the rent valuation.
- Estimated Split: 30/40/30% wet/dry/accommodation
- Business Rates: £12,500
- Available From: 17/09/2019
- Closing Date: 01/04/2019
- Rent: £65,000 per annum
- Initial Investment: c.£40,000
- Fair Maintainable Trade* (FMT) Turnover: £532,000
- Deposit: £7,500
- Training Fee: £780
- Working Capital: c.£10,000
- Fixtures & Fittings: c.£50,000 but it will be valued prior. (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.