Oh I do love to be beside the seaside....
The West Somerset Hotel is a giant of a pub, with room galore to entertain your guests. This is a community pub at it's heart and provides a welcome home from home for the many visiting tourists during the warmer months.
With a large commercial kitchen, 8 ensuite rooms, two skittle alleys, a pool room and a sunny courtyard garden, this business has the flexibilty and scope to cater for a wide variety of guest needs; a family lunch, Euro Football matches, team sports, quiz nights and live music all obvious choices, but what could you imagine?
If you have plenty of energy and ideas, then this could be the eprfect pub for you.
There is a small, self contained flat available with two rooms and there is a separate area with 3 further rooms although this area would need modernisation. It could also be used for future guest room development.
The accommodation is unlikely to suit the needs of a family but could also serve as staff quarters if the business owner lives off site.
Forecast Turnover: £479,682.88
Year 1 Rent: £28,000.00
Guide Rent: £42,000.00
Initial Deposit: £0.00
Full Deposit: £10,500.00
Full Tie Release: £64,000.00
Agreement Fee: £750.00
Repair Fund: £2,800.00
Fixtures & Fittings: Approx. £25,000.00
Working Capital: £10,000.00
Stock & Glassware: £6,000.00
Cash Float: £500.00
Forecast Wet Turnover: £301,918.43
Forecast Dry Turnover: £111,624.42
Forecast Other Turnover: £66,140.03
This business has been run to maximise the wet led trade and we are now seeking an operator to embrace the potential with food and rooms. This is a highly seasonal business which does bring its own set of unique challenges, so you would need a really clear vision of how to maximise the summer months whilst ensuring you remain the heart of the community.
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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