Washford Inn Washford

Station Road, Washford, Watchet TA23 0PP

  • Washford Inn
  • Washford Inn
  • Washford Inn
  • Washord Inn
  • Washord Inn
  • Washford Inn
  • Washford Inn - Letting Rooms
  • Washford Inn - Letting Rooms
  • Washford Inn - Letting Rooms
  • Washford Inn - Letting Rooms
  • Washford Inn - Beer Garden

Washford Inn Washford

Fantastic Opportunity Awaits

The Washford Inn is a great pub situated on the road to Minehead and lies adjacent to the West Somerset Railway. Being close to the Exmoor and Quantock Hills, the pub is great spot for tourist to stop and recharge after a long day out. The pub's close location to the main road and Washford train station, gives excellent day time passing trade opportunities.

A good food and coffee offer will be key to maximising the revenue of this pub and with eight en-suite letting rooms, the pub has the ability to accommodate guests wishing to stay in a fantastic pub close to the tourist destination of Minehead.

Experienced Operator Needed

The ideal operator for the Washford Inn would have sufficient knowledge of operating a good quality food and letting rooms operation, with previous catering and hotel experience preferred.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally, the pub has one large open trading area with a designated bar and restaurant part. There is a fully equipped catering kitchen and the site can seat 50 to 60 covers.

Furthermore, the pub features eight en-suite letting bedrooms and again, these will form a significant part of the revenue potential of the pub, these are all decorated to a good standard.

Externally, there is a large car park.

Private Accommodation

The private accommodation consists of two bedrooms, lounge, kitchen and bathroom an office there will also be appropriate refurbishment works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 00:00 - 23:30

Financials

Annual Rent £
28,500
Estimated Annual FMOP (Licensee Profit) £
29,081
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
303,403
Estimated Annual Barrelage
101

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 £
15,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
7,125
Rent In Advance £
548
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
33,038
Estimated Minimum Ingoing Costs £
15,740

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 £
2,434
Estimated Annual Maintenance Compliance Charge £
1,427
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