South Western Hotel Tisbury

Tisbury, Salisbury, Salisbury SP3 6JT

South Western Hotel Tisbury

Stunning Boutique Hotel

The South Western is a wonderful Victorian Hotel situated in the picturesque village of Tisbury, in the heart of the English countryside. Beautiful villages such as Hindon and Dinton can be explored nearby and Old Wardour Castle, a fine example of a 14th century castle, is just a few minutes' drive away.

Built in 1884, the hotel is steeped in history. The venue provided accommodation for travellers using the then newly constructed main line to London and to this day benefits from custom from daily commuters to Waterloo. Five en-suite rooms provide clean, cosy resting places for tourists wishing to explore the English countryside.

Currently closed, there is ample room to expand the previous snack offer to attract guests by creating a locally sourced, homemade a la carte menu. A new, refined menu combined with maximising occupancy will greatly enhance profits.

Experienced Entrepreneur Wanted

Do you have experience running a similar site with accommodation? Do you appreciate the rural English countryside lifestyle? This could be the perfect business opportunity. With your passion for customer service and food service experience, you will develop this site into a respected name within the local area.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Beautifully decorated throughout with soothing, contemporary tones and comfortable soft furnishings, the South Western is a perfect business opportunity. A welcoming, modern bar area could offer a range of ales, beers and ciders. An onsite catering kitchen provides ample opportunity to serve the large number of diners. A function room that could double as a private dining room or meeting room for local businesses adds a wonderful separate income stream and use of the room should be maximised. Finally, the South Western Hotel offers five tastefully redecorated en-suite rooms all with flat screen TV, tea and coffee making facilities, bathroom amenities and free Wi-Fi.

Externally, the pub is attractive and the addition of pretty hanging baskets and a variety of picnic tables would entice guests during the sunny summer months. A large car park to the side of the property is adjacent to a cosy beer garden.

Private Accommodation

More details to follow.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
07:30 - 00:30 07:30 - 00:30 07:30 - 00:30 07:30 - 00:30 07:30 - 01:30 07:30 - 01:30 07:30 - 00:00

Financials

Annual Rent £
25,250
Estimated Annual FMOP (Licensee Profit) £
25,760
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
278,743
Estimated Annual Barrelage
120

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
25,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
6,313
Rent In Advance £
486
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
38,994
Estimated Minimum Ingoing Costs £
30,000

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased