The fabulous Otter Inn is nestled in the picturesque village of Colaton Raleigh. This big, bold, food led business is looking for its' next amazing Chef Patron to take the helm.
At its' heart, this is a village pub providing the local community with a hub, not only for food and drink, but somewhere for them to gather to celebrate, commiserate and everything in between. It's what a proper pub should be! The main public bar has been refurbished this year to create a warm and inviting area where you can relax with a refreshing pint and catch up with your nearest and dearest.
As you walk on through the pub, it opens out onto a large restaurant area; it has another entrance just off the waitress station greeting point and it's own small bar area set up to serve copious coffees to the dining guests. Beyond this room there is the skittle alley that can double as a function room as weel as an overflow for the peak trading sessions.
To the front of the pub is a large lawned garden with a childrens play area. Perfect for keeping the young ones amused whilst the mums and dads get chance to relax. There is also a large car park and space to attract visitors with motorhomes.
Due to it's location, it is unsurprising that there is a significant seasonal bias to the trade. The local area is littered with guest houses, hotels, B&Bs and campsites accommadating all those staycationers who want to soak up their own little bit of Devonish heaven.
We doubt very much that you will be spending too much time here because during your time away from the business there is so much to explore and do locally. But we do undertsand that you need somewhere to call home and what a home this is! The private accommodation is extremely spacious so please don’t get lost up there. Key facts: There are five good sized, double bedrooms, a lounge and galley style kitchen.
Forecast Turnover: £376,572.55
Year 1 Rent: £0.00
Guide Rent: £26,000.00
Initial Deposit: £0.00
Full Deposit: £6,500.00
Full Tie Release: £27,750.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £18,000.00
Working Capital: £15,000.00
Stock & Glassware: £4,500.00
Cash Float: £500.00
Forecast Wet Turnover: £181,465.08
Forecast Dry Turnover: £195,107.48
Forecast Other Turnover: £0.00
After the turbulent times of Covid, this business has been in very capable hands but the current pulican is having to downsize their multi-site operation for personal reasons and have given notice with a heavy heart. This does present someone new with an amazing opportunity to build on their success and continue the transformational journey that has been started here.
The size of the property, coupled with the peaks of trade in summer, means that we are looking for experienced hospiatlity professionals to make the most of property potential.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
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.
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