Three Tuns
133 High Street, Honiton, EX14 1HRAgreement Type: Foundation Tenancy
View details for Three Tuns
White Hart Nr Exeter
Church Street, Exeter, EX5 1HN
Pub Code: 2300951101
Key Features
- Vibrant Village Pub
- Idyllic Setting
- Good Condition throughout
- An Amazing Large Beer Garden
Est Min Ingoing Costs: £11,480
Annual Rent: £23,755
More Information
Located in the delightful village of Woodbury, Devon, The White Hart is surrounded by residential homes and located opposite the beautiful local church. Woodbury itself acts as wonderful base for visitors looking to unwind after exploring the fantastic East Devon scenery. An exceptional village pub, the White Hart attracts affluent locals and visitors alike.
Currently serving a great selection of beers and wines, the pub offers traditional, locally sourced pub grub with menus which range from a light lunch to a three course evening meal. The future vision for this pub is to build on this offer and create a steady rhythm of the week to attract further custom.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
Tastefully decorated throughout, the White Hart boasts modern colours and contemporary fixtures and fittings. Guests can dine and drink at leisure in a number of distinct trading areas, including a cosy bar with log burning fire, a relaxing lounge and a snug that can be used for small group private dinning. The White Hart also has a function room that doubles up as a skittle ally, and is ideal for corporate events or for large parties which adds an additional, potential income stream. A commercial kitchen on site ensures the pub can cater for guests.
Externally, the pub has excellent kerb appeal and is enticing to passing trade due to a great signage and lighting scheme. A mature beer garden attracts guests during warmer summer months.
Private Accommodation
The private accommodation consists of a lounge, kitchen, bathroom and three bedrooms.
| Annual Rent | £ 23,755 |
| Estimated Annual Turnover | £ 389,612 |
| Deposit | £ 5,939 |
| Estimated Fixtures & Fittings Value | £ 26,775 |
| Estimated Stock Valuation | £ 6,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 42,214 |
| Estimated Minimum Ingoing Costs | £ 11,480 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Church Street, Exeter, EX5 1HN
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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