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Wheatsheaf Inn Yarmouth

Pubs & Bars • Bridge Road, Yarmouth, Isle Of Wight PO41 0PH Management opportunity
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Summary

The Wheatsheaf Inn sits on a prominent corner in the small town of Yarmouth. The pub has a small entrance area on the main street with a servery window and then what is currently used as the main entrance to the pub down the pedestrian cobbled side street.

Description

The Wheatsheaf Inn sits on a prominent corner in the small town of Yarmouth. The pub has a small entrance area on the main street with a servery window and then what is currently used as the main entrance to the pub down the pedestrian cobbled side street. The pub comprises of two main bar areas and is decorated in a modern, quirky, steam punk style. The main dining area of the pub fed from the kitchen has a feature wooden floor, log burner and 84 covers. The public bar area has small snug areas with stools and also table seating. In this area there is a purpose built beer tasting room or private area for 8 people, so could be used as a private dining area.  The Wheatsheaf Inn, Yarmouth is known for its ever‑changing craft lager selection, offering something new to discover on every visit. There is a small garden area with purpose built booths and wooden pallet seating, with seating for 50 people. This area can be utilised for live music and BBQs in the summer months. The pub has historically held a cider festival over the May half term week.  There is a fully kitted kitchen capable of providing a high end food offer; there are walk ins in a small shed in the garden area and then in the kitchen equipment includes a small rationale unit, pass through dishwasher,  2 x 6 burner cookers, 3 x double fryers all covered by a full extract canopy.  The accommodation is a small flat above the pub in a good state of repair.  Key Features • The pub is unusual due to the internal decoration and steam punk theme, which sets it apart from it's competitors in Yarmouth which are more traditional pubs.The wooden floor and features of the pub make it an enjoyable place to spend time. The log burner in the main area of the pub adds to the atmosphere, as does the lighting, brass topped bar and delta bridge craft dispense.  • The public bar with the 'tasting room' has more relaxed seating, perfect for having a drink.  • The garden is a sun trap and the three purpose built booths are popular, the remaining seating is pallets with stools. There is a painted mural on the garden wall and some planting troughs.  Business & Financial Information • Estimated ingoings (upfront): £17,250 • Full deposit: £16,500 • Agreement fee: £750 • Guide rent (weekly): £1,269 • Guide rent (annual): £66,000 • Forecast turnover (weekly): £689,088 • Forecast turnover (annual): £689,087 Ideal Operator The ideal operator to take this pub would be an individual with knowledge of craft lager and ale to keep the ever‑changing craft lager selection of the pub, as this is what sets it apart from the other pubs in Yarmouth. The pub is seasonal, so someone who understands the trade fluctuations of operating on the Isle of wight and in a tourism area would also be an advantage and can become part of the town as this is a close knit community.  Food is an important part of the trading opportunity and turnover of the pub so the operator who takes this pub would need to continue a food offering to compliment the drink offer.  Private Accommodation The accommodation is a small flat containing a bathroom, kitchenette, lounge, double bedroom and office.  It is in a good state of repair.  Regional Manager's Thoughts This is a beautiful pub in a great location on the Isle of Wight, which trades with a unique draught beer and cider offering. The pub is presented in a great state of repair with quirky furnishings and fixtures and original features. It has a modern feel while maintaining traditional cosiness from the wooden floor and log burner. The garden adds covers in the warmer months and the pub has a fully fitted trade kitchen capable of producing a high end food offer in quatity. This is a seasonal venue due to the proximatey to the Isle of Wight car ferry, but also has a great reputation which ensures visitors all year round.  Surrounding Area Yarmouth is a historic, harbour town at the tip of the West White area of the Isle of White. Yarmouth is a  pretty town with cobbled streets encompassing the picturesque River Yar estuary (from where the town takes it's name), and Yarmouth Castle which dates back to Tudor times. Yarmouth is also a travel hub as it has the car and passenger ferry running to Lymington, providing a link to the mainland. Yarmouth is a pleaant town to walk around with it's cobbled streets and bespoke shops and eateries. 

Upfront cost

£17,250
Cost type: Upfront

Key facts

Upfront cost
£17,250
Turnover (annual)
£689,087
Rent
£66,000 (annual)

Location

Bridge Road, Yarmouth, Isle Of Wight PO41 0PH
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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