Old Barn Bickington
Summary
The Old Barn is a well-presented traditional pub catering for locals and tourists alike. A great location on a busy main road means there is a constant flow of customs and the business has a strong roadside presence.
Description
The Old Barn is a well-presented traditional pub catering for locals and tourists alike. A great location on a busy main road means there is a constant flow of customs and the business has a strong roadside presence. Large newly built property projects in the surrounding area present great opportunities to drive new custom. Currently operating a strong carvery offer and great food with a large and well-stocked bar, this pub caters for all ages and needs. Live music and entertainment are also a key part of the business. Sport is not currently featured in the business but is a further opportunity, we are happy to discuss an ongoing deal with SKY/TNT.
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Key Features
• The internal trading area is decorated in a modern style. The furniture is in good repair and relatively new, with various areas to stand or sit and a restaurant section with 50 covers. The pub is served by a long, single bar servery, stretching the length of the building hosting cask ales and an array of international beer brands. A fully fitted trade kitchen is perfect to cater for the significant restaurant space. Live music has regularly been held at the pub and has proven popular.
• There is one long bar which stretches the length of the pub. The bar looks fresh, sharp and a very modern look. There is plenty of room for standing/sitting at the bar but also plenty of seating area to sit with the family.
• The cellar area is smart clean and well maintained and of a very good size. There is ample room for storage and laid out in a very comfortable manner. The lines have been well looked after and are clean and ready to go.
• The trade kitchen equipment is in very good repair and is all serviceable. The kitchen is a very good size and fully kitted out with all the equipment required for a busy pub. the flooring is in excellent repair along with the walls and ceiling.
• To the side of the building there is a patio area with several picnic tables and doubles as a smoking solution. There is an enclosed car park to the rear of the pub which can accommodate around 15 vehicles.
• There is a car park to the rear on the building which is in good repair. The car park is totally enclosed with markings already in place on the floor.
• The smoking solution is at the side of the building, and it is a lean to next to the building. This is a large area with seating and on a patio area.
Business & Financial Information
• Estimated ingoings (upfront): £8,295
• Full deposit: £7,500
• Agreement fee: £795
• Guide rent (weekly): £577
• Guide rent (annual): £30,000
• Forecast turnover (weekly): £513,209
• Forecast turnover (annual): £513,208
Ideal Operator
The Old Barn presents a fantastic opportunity for someone new to the industry with a vision and drive to take on their first pub business. The pub has a large restaurant area and a fantastic open plan layout providing significant scope to introduce and establish a quality food offering. The main footfall of the pub is local residents and the new publican should develop the business with a tailored offering to meet their needs, whilst also attracting new custom.
Private Accommodation
The private accommodation is clean and is well set out in a spacious area. It is carpeted throughout with a modern bathroom and kitchen. The decoration is neutral and has recently been completed. 3 good size bedrooms mean this is a great accommodation for single or couple operators. A great place to live with easy access to the North Devon link road and the large town of Barnstaple.
Regional Manager's Thoughts
This pub is ideal for either an experienced operator or someone new to the industry, the pub has a strong food offer and has a huge scope for driving new business for an entrepreneurial operator.
Surrounding Area
The Old Barn is ideally situated on a busy main road in Bickington, on the outskirts of Barnstaple, North Devon, between Exmoor, Dartmoor and Bodmin Moor. The Old Barn is in an ideal position to attract passing tourist trade which substantially increases in the summer months. Ideally situated between the moor and the sea it forms an excellent base from which to explore the beauties of the surrounding area.
Upfront cost
£8,295
Cost type:
Upfront
Key facts
Upfront cost
£8,295
Turnover (annual)
£513,208
Rent
£30,000 (annual)
Location
Tews Lane, Barnstaple, Devon EX31 2JU
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
Enquire
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