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Wayfarer Inn Instow

Pubs & Bars • Lane End, Bideford, Devon EX39 4LB Management opportunity
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Summary

The Wayfarer Inn is a fantastic small community pub located in the idyllic affluent North Devon coastal town of Instow. The Pub is located just 2 minutes from the beach with stunning view across the Torridge Estuary.

Description

The Wayfarer Inn is a fantastic small community pub located in the idyllic affluent North Devon coastal town of Instow. The Pub is located just 2 minutes from the beach with stunning view across the Torridge Estuary. It is well supported by the local community and trade benefits from a massive boost during the holiday seasons. The nearby beach is one of the longest in the area and is extremely popular with dog walkers and ramblers. The Pub has 6 well equipped and furbished letting rooms, which can be marketed all year round. Having such a small internal trading creates an extremely warm and welcoming atmosphere. Ever dreamt of being your own boss, running a thriving pub, and shaping a vibrant community hub? Partnering with Stonegate, the UK's largest pub company, makes that dream a reality. We offer the best of both worlds: self-employment with the unwavering support of a dedicated team, from regional managers to a network of experienced publicans in your region. From free BII membership to unlock industry insights, to a diverse portfolio offering the perfect pub for your vision, Stonegate empowers you to maximize endless profit opportunities. Plus, our flexible tenancy agreements ensure you have the control you need to succeed. Key Features • There are two entrances to the pub; one leads directly into the bar and dining areas, and the other is the entrance to the letting rooms on the first floor. The internal layout lends itself perfectly to having an extremely warm and welcoming atmosphere. A single bar servery compliments the open-planned nature of this trading space. The fully-equipped trade kitchen is capable of supporting a mixture of traditional pub food and daily specials, fresh seafood in particular. The business also currently offers full English breakfasts all day. The Wayfarer’s six en-suite letting rooms are all very nicely refurbished with great sea views. Due to the pub being located down a small side street, the external trading area is the rear beer garden, which is in good condition. There is also an opportunity to compete an investment in the outside area to further enhance the business. It has two different levels; one is decked and raised, and the other is covered by artificial grass with a separate bottle bar for the summer season. A covered area acts as a smoking solution. Business & Financial Information • Estimated ingoings (upfront): £11,045 • Full deposit: £10,250 • Agreement fee: £795 • Guide rent (weekly): £788 • Guide rent (annual): £41,000 • Forecast turnover (weekly): £588,733 • Forecast turnover (annual): £588,732 Ideal Operator The Wayfarer Inn lies in the affluent coastal resort of Instow in north Devon. The standards throughout the pub are great and the business benefits from having a fantastic secret beer garden at the rear of the property. This opportunity would suit either an experienced operator or a first-time tenant. The business is extremely seasonal therefore focused marketing skills are essential. Private Accommodation The one-bed private accommodation is in good condition and is located on the 3rd floor of the pub, but does not have a kitchen. Regional Manager's Thoughts A real one off opportunity to live and work in a beautfull part of North Devon, this is a very well estblished business but with a huge amount of potential.  Surrounding Area The pub is located on the seafront area of Instow, on the Torridge Estuary just a short distance from the main town of Bideford. Barnstaple is a 10 minute drive away. If you are an avid surfer, the Surfer’s Paradise area of Croyde and Saunton Sands are just a 20-minute drive away.

Upfront cost

£11,045
Cost type: Upfront

Key facts

Upfront cost
£11,045
Turnover (annual)
£588,732
Rent
£41,000 (annual)

Location

Lane End, Bideford, Devon EX39 4LB
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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